What about taxes in Latvia? Individual income tax for all incomes is 25%
Social taxes are 24,09% for the company and 9 % for the individual deducted by the employer
Company taxes are 15% from year 2004.
Dividend in Latvia is tax-free.
Dividend or other transfers abroad has a 10 % withholding tax.
Back to Top
What about economic corruption in Latvia? In comparison with North European countries Latvia is very corrupt. However the situation is improving and messures are taken to curb the most extreme forms of it. The new government seem to have made some progress. Back to Top
Are there some special rules concerning foreign owners in Latvia? Yes. There are some specific rules and in this short answer we will mention only the top management of the company. According to the new commerce law the top managment can consist of one person or a board of directors. In the first case the director has to have work permit in Latvia. In the second case minimum half of the board members have to have residenceship in Latvia. This may cause practical consequences for the management of the company. Back to Top
