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Articles
Company Formation in Liepaja
Updated on Wednesday 20th October 2021
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Liepaja, western Latvia’s port city, is known not only for the many tourist activities revolving around its windy beach but also as a location for company formation in Latvia.
The economy of the city is based on the port which receives cargo from around the world. A Special Economic Zone allows for reduced rates and has drawn a number of investors in the region.
Our team that specializes in company incorporation can provide investors with complete services for company formation in Liepaja.
Investing in Liepaja
The Liepaja Special Economic Zone and the Free Zone regime offer a number of advantages for investors interested in Latvia company formation. Some of the main advantages in this region include the following:
- • Direct tax reduction: for those businesses that obtain the status of Liepaja SEZ company.
- • Indirect tax reduction: exemptions for the excise tax and customs duty for companies in this region, along with a 0% VAT rate for all supplies and services.
- • Direct tax incentives: a number of incentives are available to companies, according to the size and number of employees; in general, they consist of direct tax rebates.
- • Territory leasing: the SEZ authority allows companies managed by it to be leased by SEZ companies (this can also extend to certain types of property).
Investors from Russia, Scandinavia and a number of other countries have taken advantage of the advantages for commercial companies in Liepaja.
Opening a company in Liepaja
Company registration in Latvia, in cities like Liepaja, is a straightforward process. The entire procedure can be assisted by a team of local experts whenever foreign investors cannot be present in the country. Our team can help you incorporate a production or logistics services company in Liepaja or start another type of business.
Liepaja has a developed manufacturing industry. The strategic location, combined with the developed infrastructure allows companies to enjoy a good business environment.
For more information on investing in Liepaja and starting a business here, please do not hesitate to contact our team of agents who specialize in company formation in Latvia. We can also help you if you want to open a company in other countries, such as Finland.
Meet us in Riga
Call us now at +372 51 50 803 to set up an appointment with our lawyers in Riga, Latvia. Alternatively you can incorporate your company without traveling to Latvia.
As a Bridgewest client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Latvia.
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