Yes, of course. Shareholders and Directors can be of any nationality. 

The most common business entity in Latvia is Latvian Limited Liability Company (SIA)- it is a company with the equity consisting of the total nominal value of shares. LLC or SIA is a private company and its shares are not publicly traded.

It is not mandatory to have a physical office within the country but it is mandatory to have a registered address. 

For a regular LLC (SIA) minimum share capital is 2800 EUR, at least 50% of it should be paid before the registration to the temporary bank account; the remaining part is payable within a year of registration.

For a LLC (SIA) with reduced share capital the amount of the share capital is from 1 to 2799 EUR and it is payable in full before the registration. It is not necessary to open a temporary bank account for a reduced capital SIA.

The corporate income tax rate in Latvia is 0% - all undistributed corporate profits are exempt. Your company will not pay any tax on profit if it does not distribute dividends. This exemption covers both active (e.g. trading) and passive (e.g. dividends, interest, royalties) types of income. 

20% - is the effective dividend tax. Tax is applied to the tax base, which includes taxable objects: 1) distributed profit; 2) conditionally distributed profit. When assessing the corporate income tax base, the value of taxable objects is divided by the coefficient 0.8.

If all the documents are in order the company registration process will take approximately 2-3 working days. 

In Latvia it is called Sabiedrība ar ierobežotu atbildību or simply SIA.

Yes, sure. Company set up in Latvia is fully remote and we can help you with this process.