Company Registration in Latvia for UK Citizens
Since the UK left the European Union, many British entrepreneurs have been exploring new ways to establish or expand their businesses within the EU. Latvia has become an increasingly attractive option, offering a straightforward company registration process, access to the EU single market, and a business-friendly regulatory environment.
How UK citizens can register a company in Latvia, what company types are available, and what to consider from a legal and practical perspective?
Can UK Citizens Register a Company in Latvia?
Yes. UK citizens are allowed to register and own companies in Latvia, even though the UK is no longer part of the EU. Latvian law does not restrict company ownership based on nationality, meaning UK nationals can:
- be sole shareholders or co-shareholders,
- act as company directors,
- register companies remotely in most cases.
However, while company ownership is permitted, residency and work rights are treated differently and depend on whether the individual plans to live or work in Latvia.
Most Common Company Types for UK Citizens
Limited Liability Company (SIA)
The most popular option is a Sabiedrība ar ierobežotu atbildību (SIA) — the Latvian equivalent of a limited liability company.
Key features:
- Limited liability for shareholders
- Minimum share capital from EUR 2,800 (lower options possible for small setups)
- Suitable for trading, services, consulting, and international business
- Can be owned by one or more shareholders
This structure is widely used by startups, SMEs, and international founders.
Branch or Representative Office
UK companies that already operate in the UK may choose to:
- open a branch in Latvia to conduct business, or
- establish a representative office for non-commercial activities.
This option is often used by companies expanding into the EU without creating a separate legal entity.
Company Registration Process
Registering a company in Latvia is generally efficient and well-structured.
The process typically includes:
- Choosing the company structure and name
- Preparing incorporation documents
- Submitting documents to the Latvian Register of Enterprises
- Registering for taxes and, if applicable, VAT
- Opening a business bank account
In many cases, the process can be completed remotely using a power of attorney, without the need for the founder to travel to Latvia.
Banking and VAT Considerations
Opening a bank account can take longer for non-EU citizens, including UK nationals, due to enhanced compliance requirements. Some businesses choose to start with EU-based fintech solutions before transitioning to traditional banks.
VAT registration is required if:
- turnover exceeds the VAT threshold, or
- the company engages in cross-border EU transactions.
Latvia applies EU VAT rules, which is often one of the key reasons UK companies choose to establish an EU entity.
Residency and Work Permits
While UK citizens can own and manage Latvian companies, residence permits are required if they plan to live or work in Latvia.
Common options include:
- residence permits based on company ownership or management,
- employment-based permits,
- long-term business residence solutions.
Each case is assessed individually, and early planning is recommended.
Why Latvia Appeals to UK Entrepreneurs
UK citizens often choose Latvia because it offers:
- access to the EU market after Brexit,
- competitive operating costs,
- modern digital systems and e-services,
- a transparent and predictable legal framework.
Combined with professional local support, company registration can be both fast and efficient.
How Oceans Can Help
At Oceans, we support UK citizens through every stage of company registration in Latvia, including:
- company incorporation and legal setup,
- tax and VAT registration,
- accounting and payroll services,
- guidance on residency and compliance matters.
Our goal is to make the process clear, compliant, and stress-free — whether you are starting a new EU business or expanding an existing UK company.
To conclude…
Registering a company in Latvia is a practical and accessible option for UK citizens seeking an EU presence. With the right structure and professional guidance, businesses can operate smoothly and take advantage of Latvia’s strategic position within the EU.
If you are considering company registration in Latvia as a UK citizen, Oceans is ready to assist you from the first consultation onward.
