This article outlines the typical average costs associated with creating and maintaining a standard limited liability company (Sabiedrība ar ierobežotu atbildību, SIA) in Latvia in 2025. All costs are presented in euros, and official sources are referenced for further exploration.
Company Creation Costs in Latvia (2025)
Forming a SIA—the most common corporate structure in Latvia—involves a set of predictable expenses, most of which are governmental fees and minimum capital requirements. These figures apply to standard SIAs and reflect the process as of 2025.
| Cost Component | Amount (EUR) |
|---|---|
| Minimum capital requirement | €280 |
| State fee for registration (electronic submission) | €20 |
| Publication fee (Latvijas Vēstnesis) | €14.23 |
| Average legal service provider fee (preparation and submission of documents) | €35.77 |
| Total average creation cost | €350 |
The largest portion of the creation cost is the mandatory minimum share capital, currently set at €280. Administrative processing fees (registration and publication) remain moderate, while professional service fees typically cover the preparation and delivery of all required documentation, ensuring compliance and efficiency.
Annual Maintenance Costs for a Latvian SIA
Keeping a SIA active in Latvia entails ongoing costs, varying mainly according to company activity and the complexity of required accounting services. As of 2025, companies can anticipate the following annual expenses:
| Maintenance Component | Annual Cost (EUR) |
|---|---|
| Annual accounting services (minimum, for small inactive SIA) | €300 |
| Annual accounting services (average for active SIA) | €900 |
| Annual State fee for filing annual report | €0 |
| Total estimated annual maintenance | €300–€1200 |
Annual maintenance costs for Latvian companies mainly depend on their accounting needs. Small and dormant SIAs incur costs at the lower end of the range, while active businesses with higher transaction volumes or regulatory requirements typically require more expensive accounting services. Notably, the state does not charge a fee for annual report filing, further containing ongoing compliance costs.
Summary of Average SIA Costs (EUR)
| Company Phase | Average Cost (EUR) |
|---|---|
| Creation (One-Time) | €350 |
| Annual Maintenance | €300–€1200 |
Official Resources
Pro Tips for Managing Company Costs in Latvia
- Opt for electronic submission of incorporation documents—this ensures efficiency and grants access to the lowest available state registration fee.
- Use local professional service providers familiar with SIA requirements to reduce errors and avoid additional legal expenses.
- For the first year, if your SIA has low or no activity, select a basic accounting package to minimize costs, then review your needs as business activity increases.
- Monitor annual reporting obligations: Although there is no government fee for filing, late or incorrect submissions may lead to penalties or administrative complications.
Establishing and running a limited liability company (SIA) in Latvia is relatively straightforward in terms of both procedure and cost structure, especially compared to more complex jurisdictions in Europe. Start-up obligations like minimum capital and registration fees are modest, while annual maintenance is predictable and largely scales with business activity. In practical terms, this makes Latvia an accessible destination for international business owners wanting transparent, cost-effective company management. Efficient compliance with these financial requirements remains essential for uninterrupted business operations year-round.