Company Formation in Daugavpils

Daugavpils is the second-largest city in Latvia after its capital Riga and it is located in the southeastern part of the country. Its position, close to the borders with Belarus and Lithuania and also to the one with Russia, makes is a favorable location for businesses engaged in trading.

Investments in Daugavpils

Open a company in Daugavpils

1. Choose the legal form: investors can choose between a private limited liability company or a public one; alternatively, foreign companies can start a branch in Latvia.
2. Prepare the incorporation documents: the founding documents, the Articles of Association, are mandatory for any company and they include the scope of the business, its internal organization as well as other information.
3. Commercial Register submission: the company documents, along with the information about the company’s founders and other requested documents are submitted to the Latvian Commercial Register to officially register the business.
4. Tax registration: once the business registration has taken place, the company can register for VAT purposes;