Low Taxation in the Heart of Europe – Introducing Latvia

SFM consistently locates and offers new jurisdictions for company formation and bank account opening services worldwide, linked to current market demands. Accordingly, in line with global economic trends and conditions, SFM has launched company formation and bank account opening services in Latvia. As a permanent Member State of the European Union, Latvia offers customers an EU-compliant, low tax alternative to classical offshore jurisdictions. Latvia is a member of the United Nations, the European Union, Council of Europe, NATO, OSCE, IMF, and the WTO. As such, Latvia has long been regarded as an international financial centre, located in the heart of Europe, with one of the lowest taxation systems worldwide (at just 15%).

Latvia has a very stable and professional services infrastructure, English is spoken widely, and the EUR is its official currency. These facts add to the immense popularity enjoyed by Latvia among business professionals, worldwide. Latvia has been a prime business destination since its accession to the EU in 2004, a development that is widely seen to be gaining momentum through 2016, and the second half of the decade. Since the country is part of the European Union, companies registered in Latvia benefit from all of the advantages of a European company, being able to apply for a VAT number, but with far lower effective tax rates, while being completely EU compliant.