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Incorporation in Latvia, Lithuania and Estonia
The most common legal entity(business) set up in Latvia, Lithuania and Estonia is a limited liability company, also known as a LLC. This type of enterprise provides its owner with business opportunities, limiting the exposure of owner’s private capital to risks and not affecting his personal obligations. There are no restrictions to set up a company - enterprise can be set up by resident, non resident or legal entity. In Latvia a LLC is called SIA, in Estonia – OÜ and in Lithuania – UAB.
The process of incorporation is not as complex as that of a joint stock company, but still requires time and experience with establishment of such companies. Registration as a Value Added Tax (VAT) payer is not mandatory following the formation and incorporation of a company, but becomes necessary if the annual turnover exceeds the limit stipulated by the law. A limited liability company requires the minimum equity capital which is almost common in Latvia, Lithuania and Estonia; however, there are different ways to invest the capital.
The most common legal entity(business) set up in Latvia, Lithuania and Estonia is a limited liability company, also known as a LLC. This type of enterprise provides its owner with business opportunities, limiting the exposure of owner’s private capital to risks and not affecting his personal obligations. There are no restrictions to set up a company - enterprise can be set up by resident, non resident or legal entity. In Latvia a LLC is called SIA, in Estonia – OÜ and in Lithuania – UAB.
The process of incorporation is not as complex as that of a joint stock company, but still requires time and experience with establishment of such companies. Registration as a Value Added Tax (VAT) payer is not mandatory following the formation and incorporation of a company, but becomes necessary if the annual turnover exceeds the limit stipulated by the law. A limited liability company requires the minimum equity capital which is almost common in Latvia, Lithuania and Estonia; however, there are different ways to invest the capital.
https://www.baltic-legal.com/