Virtual Office in Latvia

 

The virtual office is a physical address for the business, complete with selected office services, as needed but without the usual costs needed for renting a permanent office space and providing for the same office services. 

 

The virtual office in Latvia is an alternative way of setting up a location for a business. It offers a registered address location for the business, access to different corporate services and it does not affect the Latvian company’s professional image.

 

 

 

 

Our specialists in Latvia are at your service with virtual office packages in various cities.

 

 

1. Business image: virtual offices are usually offered in prestigious business locations, modern office buildings that are generally very accessible. This offers a prestigious business image due to the upscale location.
2. Economy: the costs associated with choosing to work via a virtual office are considerably lower than renting, staffing and equipping a traditional office space, from scratch. 
3. Less office management: usual office management issues are not being taken care of by the company that works via the virtual office but by the ones who provide these services; this can be an important time saver.
4. Special services: the virtual office package will not only include the physical address but also office space as needed, secretarial services, mail collection and many others, as needed.

 

Our team of company formation agents in Latvia can provide a complete virtual office package for those local and foreign entrepreneurs in Riga.

 

 

Virtual offices are cost-efficient because they do not imply the same upkeep costs associated with traditional office spaces (rent costs, equipment needs, and staff costs). Instead, entrepreneurs, consultants, and start-ups in Latvia can choose to work via a virtual office, a dedicated space that will provide the needed business facilities with no need to handle the office management.

 

The location of a virtual office in Latvia is often in a central and easily accessible place, with modern facilities and finishing, projecting a professional business image. The basic secretary services are handled by a dedicated receptionist who answers the calls and forwards them as needed to the company owners.

 

An important advantage for investors in Latvia is that working through a virtual office resolves the issue associated with having to have a registered office at the time of the incorporation. The location of the virtual office will be used for registration purposes.

 

 

The virtual office package in Latvia offered by our team of Latvian company formation agents includes:

 

 

Telephone calls received at the virtual office dedicated number will be answered in your company’s name and forwarded as per your instructions. What’s more, our agents will also provide complete fax and mail forwarding services, as needed. This, complete with our additional services for companies, will help you maintain a professional business image.

 

Our additional virtual office package services include extra meeting and office use and IT solutions.  In addition to this, if you are looking for the help of Latvian accountants, the services of our CPA are at your disposal. Both routine accounting tasks and complicated business activity support services, such as pertinent legal and tax planning advice, are part of our accounting services. A large portion of our professional services is accounting-related. So, as a foreigner, you do not need to worry if you are facing difficulty in complying with accounting requirements. Just get in touch with our CPA in Latvia. 

 

Who can use a virtual office in Latvia?

Virtual office services for business purposes in Latvia

 

1. having a point of contact is a Latvian city when the company in registered in another region;
2. having a presence in Latvia before establishing a business presence here;
3. having a small office before the actual expansion of a business which requires a larger office.

 

Why choose a virtual office and not a traditional one?

 

• - the cost which favors the virtual office;
• - the fact that no maintenance requirements apply in the case of a virtual office;
• - the possibility of using the virtual office for various purposes;
• - there is no need to relocate employees or hire someone specifically to work from the virtual office.

The Latvian economy

 

• - in 2019, its economy expanded by 2.2%;
• - 2020 was a hard year as for all countries in the world, however, for 2021, an economic increase of 2.4% is projected;
• - for 2022, a 4% Gross Domestic Product (GDP) growth is projected by the Organization for Economic Co-operation and Development (OECD).

 

Contact our company formation agents in Latvia for complete details about the virtual office packages we provide and the locations in the country. Furthermore, if you are planning to set up a company in Latvia (e.g; an LLC), you can get incorporation help from our agents. Please keep in mind a share capital payment report must be presented as part of the business registration document. In Latvia, a limited liability company must have a minimum share capital of EUR 2,800. Either the entire share capital must be paid in before the registration paperwork is submitted, or 50% of the share capital can be paid before the documents are submitted and the remaining 50% can be paid within a year of the company's registration.