Standard SIA

Form a standard SIA in Latvia, remotely

An SIA (sabiedrība ar ierobežotu atbildību) is Latvia's limited liability company. We prepare the paperwork, you sign online, and we register it for you.

€300 + VAT, fixed fee. See pricing for what is charged separately.

Minimum share capital: €2,800, paid in by the owners into the company's bank account. It is your money, not a fee (Komerclikums, Article 185).

Who a standard SIA suits

A standard SIA is the default choice, and the one to pick when:

  • one of the owners is a company rather than a person,
  • you expect more than a handful of owners,
  • you would rather not take on the extra rules that come with a small-capital SIA,
  • or you simply want the plainest structure, with nothing to keep track of later.

Not sure which fits? Tell us who the owners will be and we'll say which route works, in writing.

What's included

  • Identity and compliance checks on the owners and board members
  • Drafting of the founding documents
  • Remote signing with a qualified electronic signature, so no notary visit is needed
  • Guidance on opening the temporary bank account for the share capital, and on how to deal with the bank
  • Submission to the Register of Enterprises and follow-up if it has questions
  • The base state registration fee

The bank opens the account and makes its own decision. We can advise, but we can't open it for you or speed it up.

Questions about a standard SIA

Can a company own my SIA?

Yes, a standard SIA can be owned by people, by companies, or by a mix. When the owner is another company we have to check who stands behind it. That ownership-chain check adds €100 + VAT for each company in the chain. A small-capital SIA works differently and is limited to individuals.

Is the state registration fee included in your price?

Our fee includes the base state registration fee. A one-business-day review costs no extra state fee for a company with a single founder. With more than one founder the state charges three times the base fee, and we add the difference to your price at cost (€150 for a standard SIA). We confirm the total in writing before you pay. See pricing for the full list.

Who is a standard SIA for?

A standard SIA is the plainest structure and the default choice. It suits you when an owner is a company rather than a person, when you expect more than a handful of owners, or when you would rather not take on the extra rules of a small-capital SIA. Tell us who the owners will be and we will say in writing which one fits.

What is included in your fee?

Identity and compliance checks on the owners and board members, drafting of the founding documents, remote signing with a qualified electronic signature, guidance on the temporary bank account for the share capital, submission to the Register of Enterprises with follow-up if it has questions, and the base state registration fee. Signing, notary and bank fees are paid by you directly.

Can I be the only owner and the only board member?

Yes. A standard SIA can be owned by one person, who can also be its only board member. That is the simplest case and the one our base fee is built around. Each person beyond the first, an owner or a board member and counted once if someone is both, adds €50 + VAT.

Do I need a legal address?

Your SIA is registered at a legal address in Latvia. If you do not have one of your own, we provide it as a separate service for €200 + VAT per year, minimum one year. A standard SIA formation plus one year of legal address comes to €500 + VAT. See the legal address page.

Why do you run identity and anti-money-laundering checks?

As a provider of company formation services we are covered by Latvia's anti-money-laundering law, so we check who the owners and board members are before we start work. This is part of the process for every client, it usually takes about a day, and it needs a qualified electronic signature to confirm identity. See how it works.

What do I actually sign?

You sign the founding documents we prepare for your company. You do it online with a qualified electronic signature and send them back, so there is no notary visit and no trip to Latvia. If you do not yet have a qualified signature, we tell you which route works for your country before you pay for anything.

Ready to start?

Send us a message. We reply in writing, in English.