In order for a company to be legally registered in Latvia, the law entails a detailed incorporation process to be done with the local Trade Register (Latvian Enterprise Register). Company registration is the most significant function of the Latvian Trade Register; however, this authority has various roles. This article will discuss the main aspects of the Trade Register and other important roles. Our lawyers in Latvia can represent foreign and local investors in business incorporation in this country.
| Short Facts | |
| Trade Register in Latvia is known as | Latvian Enterprise Register |
| Supervised by | Ministry of Justice |
| Applicable legislation | – Law on the Enterprise Register of the Republic of Latvia 1990, – Commercial Law |
| Main function of the Latvian Trade Register | Company registration |
| Other important functions | – records and provides access to company data, – ensures businesses comply with the regulations, – registers business updates, etc. |
| Incorporation documents | – Articles & Memorandum of Association, – proof of registered business address, – specimen signature and IDs of shareholders & directors, – proof of paid incorporation fee |
| Application form | Provided by the Latvian Trade Register. This paper must be completed with company details: – name, – structure, – activities, etc. |
| Issues Certificates of Incorporation (YES/NO) | YES |
| Name verification & reservation | With the Trade Register in Latvia |
| Business updates that must be registered | modified business name/ structure/ capital/ business address/ management, etc. |
| Legal agent/ representative for business registration | Recommended |
| Legal entity status | Once the Trade Register in Latvia issued the Certificate of Incorporation |
| In charge of registering foundations/non-profit organizations (YES/NO) | YES |
| Incorporation fee for a company in Latvia | Starts from EUR 142 for a limited liability company in Latvia |
| Working with our Latvian lawyers | For representation with a power of attorney when registering a company in Latvia. Our specialists can handle all the legal procedures. |
How to incorporate a business with the Latvian Enterprise Register
Below are some steps involved in company registration in Latvia, mentioning that our local team is by your side as soon as you decide to do business in this country:
- verification and reservation of the business name is the first step;
- applicants must prepare the required documents, considering the formalities of the selected type of business entity;
- another important step is filling out an application provided by the Latvian Enterprise Register with details about the future business.
If you followed and fulfilled these steps, the Latvian Enterprise Register will analyze the documents and issue the Certificate of Incorporation if everything is in order. Otherwise, the institution can notify applicants or the company representative if documents are missing. In any case, it is best to rely on our support as we represent our customers with a power of attorney in Latvia when incorporating a business with the local Trade Register. You can also explore the following infographic we have prepared for you:
What documents are required for business registration in Latvia?
Foreign entrepreneurs prefer, in most cases, the limited liability company (SIA), the most popular business structure available in Latvia. To establish it, the following documents are required:
- proof of legal address,
- Articles and Memorandum of Association,
- proof of deposited capital in a Latvian bank account (EUR 2,800 for LLC in Latvia),
- application form,
- specimen signatures.
Having prepared these documents, all that remains is to submit them to the Latvian Trade Register. We remind you that if you appoint one of our lawyers in Latvia with a power of attorney, you will ensure that the documents are properly prepared and registered.
What other important functions does the Trade Register in Latvia have?
The Latvian Enterprise Register is responsible for the incorporation of companies and other functions too, as follows:
- the Trade Register in Latvia is in charge of registering foundations/non-profit organizations;
- it offers public access, through official platforms, to the information of companies existing in Latvia;
- it stores all the data of companies registered in Latvia;
- it records the modifications made in the company/business, once shareholders notify the Trade Register in Latvia;
- can handle cross-border mergers of capital companies;
- it ensures that companies comply with the Commercial Law in Latvia.
Recording business updates with the Latvian Enterprise Register
Another important aspect of the Trade Register in Latvia is the notification of this institution in case a company makes various modifications or updates. For example, if the company changes its name, capital, structure, or shareholders, these updates must be registered with the Latvian Trade Register. In such cases, standard forms are filled out, and then the information is recorded with the Latvian Enterprise Register. We invite you to watch this video presentation and then contact us for extra details:
Statistics about companies in Latvia
Here are some statistical data about active companies in Latvia:
- there are over 178,000 registered entities in Latvia, according to data for August 2025;
- there are over 29,000 sole proprietorships in Latvia;
- over 128,000 of the total companies registered in Latvia are corporations.
So, these are some of the important aspects of the Trade Register in Latvia. If you want to be represented for company registration in Latvia, you can opt for our full services. Contact our law firm in Latvia today!