Relocate your business to Latvia
Europe
Thinking about business immigration to Latvia? Below are the residency routes for founders, investors and startups, and the set-up services a foreign-owned business needs: company registration, a bank account, tax, payroll, trademark and licences. Set-up comes first, because a company does not grant residency on its own. See also business immigration explained and relocating your business abroad.
Over 50%
of the country is covered by forest
1.9M
people
2014
year Latvia adopted the euro
- Capital
- Riga
- Population
- About 1.9 million
- Currency
- Euro (EUR)
- Languages
- Latvian
Best things about doing business in Latvia
- EU and eurozone member with single-market access
- A gateway to Baltic and Nordic markets
- A growing fintech and IT sector
Fun facts
- Riga is known for having one of the largest collections of Art Nouveau buildings in the world.
- Latvia joined the European Union in 2004.
Figures are rounded and approximate.
Business Setup Services
Company, bank, payroll, brand and licencesNot a residency routeWe handle company incorporation, bank account and payroll set-up, trademark filing and the licences and permits your business needs. Tell us what you need.
Cards without a "last verified" date have not been independently checked yet. Confirm the details with the official source before you act.
Warning: These do not grant residency on their own. A separate visa is required.
Company Registration
Set up your legal entity so you can operate, hire and pay tax.
Business Bank Account
Opening an account with a bank in Latvia
Open a business bank account for your new company. ORBIZLY prepares the application, and the bank decides.
Official source: bank.lv
Employer and Payroll Registration
Registering as an employer in Latvia
Register as an employer so you can hire and run payroll. Handled by the State Revenue Service and the State Social Insurance Agency.
Official source: vid.gov.lv
Trademark Filing
Trademark Filing (Patent Office of Latvia)
Last verified October 2026 · Official source: lrpv.gov.lv
IP and Patent Filing
IP and Patent Filing (Patent Office of Latvia)
Protect your invention with a patent. Filed with the Patent Office of the Republic of Latvia.
Official source: lrpv.gov.lv
Licences
Permits that let your products and business operate legally: import permits, tax and goods/services registration, sector-specific permits, export licences, drug and health, food safety, lab test reports and product trials.
EORI Number and Import Permits
Register as an importer and get permits for regulated goods. Handled by the State Revenue Service.
Official source: vid.gov.lv
Tax and Goods/Services Registration
Register for tax and for goods and services tax. Handled by the State Revenue Service (VAT registration).
Official source: vid.gov.lv
Sector-Specific Permits
Permits for regulated industries. Overseen by the sector regulator and your municipality.
Official source: ur.gov.lv
Export Licence
Get permission to export controlled goods. Handled by the State Revenue Service customs and the Ministry of Foreign Affairs for strategic goods.
Official source: vid.gov.lv
Drug and Health Product Licence
Approval to sell medicines, devices and health products. Handled by the State Agency of Medicines.
Official source: zva.gov.lv
Food Safety Licence and Registration
Register your food business and get approval to import or sell food. Handled by the Food and Veterinary Service.
Official source: pvd.gov.lv
Lab Test Reports and Product Certification
Get your product tested and certified for the market. Overseen through laboratories accredited by LATAK.
Official source: latak.lv
Product Trial and Sample Approval
Approval to trial a new product before launch. Handled by the State Agency of Medicines.
Official source: zva.gov.lv
Residency & Visa Pathways
Programs that grant residenceThese grant a right to live and work in the country. Talk to an expert before you apply.
Startup Visa
No minimum investment — just proof of funds around €5,160. Available to teams of up to 5 co-founders.
Last verified September 2026 · Official source: startin.gov.lv; liaa.gov.lv
Golden Visa (Business Investment Route)
⚠️ Changing January 1, 2027: real-estate and deposit routes are being removed, and permit length is being cut. Business investment route survives, but shortened.
Last verified September 2026 · Official source: pmlp.gov.lv (Immigration Law Section 23)
Questions about moving a business to Latvia
What business immigration options are there for Latvia?
ORBIZLY lists investor programs (Golden Visa (Business Investment Route)) and startup visas (Startup Visa). Each is shown on this page with its status, the official source and when it was last verified. Rules change, so confirm the details with the official source before you apply.
Can I relocate my business to Latvia?
It depends on your business and the route you choose, and it is really two separate things: setting up or moving the business, and getting the right to live there. Company registration, a bank account, tax and licences are the set-up side. A visa or residence permit is the residency side. Start with the free eligibility check to see which routes fit your business.
Does registering a company in Latvia give me residency?
No. Registering a company does not give you the right to live in Latvia on its own. Residency needs a separate visa or residence permit.
What do I need to set up a business in Latvia?
The usual order is: plan, register the company, open the tax and bank accounts, register as an employer, protect your brand, then get any licences and permits. For Latvia, ORBIZLY lists drug and health licences, import permits, export licence, food safety, ip and patent filing, lab test reports, company registration, business bank account, product trials, employer and payroll registration, sector-specific permits, tax and goods/services registration, and trademark filing. Government fees are paid to the authorities and are separate from ORBIZLY's fees.
How do I start moving my business to Latvia?
Take the free eligibility check, which takes about three minutes, or book a free 15-minute discovery call. ORBIZLY then shows which routes look like a fit and what to do first. ORBIZLY gives directional guidance and is not a law firm or immigration adviser.
Dreaming of Latvia?
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Brands built in Latvia
Well-known companies from Latvia, including unicorns and businesses that grew a global presence.
MikroTik
Networking equipment sold in over 100 countries
Printful
Print-on-demand platform for online sellers
airBaltic
Baltic airline with its hub in Riga
Lokalise
Software for translating apps, founded in Riga
Examples only. Logos belong to their owners and are shown to identify the companies. A unicorn is a private start-up valued above US$1 billion at some point.
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