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Starting a business

Information updated 10.02.2021.

Founding a company and starting a business start with a business idea that can be both a well-known sphere and a hobby for you. The start-up of business includes the registration of an undertaking in the Enterprise Register (UR), the responsibility to fulfil all necessary duties, including tax evasion, by registering the selected tax treatment with the State Revenue Service (SRS).

 

When starting business, the issues can be many and different, and each can benefit from the advice provided by institutions, such as information and advice for starting business, provided by the Latvian Investment and Development Agency (LIAA), including the creation of a business plan, business incubators in Latvian regions, seminars and support opportunities.

 

Consultation on funding is available at:LAA in customer service departmentsandLAA in Business Inhibitors, as well asALTUMandCentral Financial and Contract Agencies (CFLA)in customer service centers.

 

The participating authorities shall:Register of companies (UR) Patent Office of the Republic of Latvia (LRPV) State Employment Agency (NVA) State Revenue Service (SRS) National Labour Inspection (NSA) Road Safety Directorate (CSDD) Latvian State Radio and Television Centre (LVRTC) Ministry of Economy (EM) Latvian Investment and Development Agency (LIAA) Central Statistical Bureau (CSP) State Land Service (VZD) Rural Support Service (LAD) Ministry of Welfare (LM).


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1. Company name, trade mark and address 1. Company name, trade mark and address
2. Form and type of business 2. Form and type of business
3. Company Registration 3. Company Registration
4. Social entrepreneurship 4. Social entrepreneurship
5. Recruitment of employees 5. Recruitment of employees
6. Labour protection 6. Labour protection
7. Licences, licences 7. Licences, licences
8. Business unit 8. Business unit
9. Registration of micro-enterprise tax 9. Registration of micro-enterprise tax
10. Registration of Value Added Taxpayer 10. Registration of Value Added Taxpayer
11. Excise tax 11. Excise tax
12. Responsibility of the member of the Board 12. Responsibility of the member of the Board
13. Co-financing and support options 13. Co-financing and support options
14. Related legislation 14. Related legislation
15. Available e-services and platforms 15. Available e-services and platforms