Latvia is the central country of the Baltic States and is situated in the Northeastern Europe. Excellent location creates an opportunity to trade with both European companies and the companies in the Eastern markets. Latvia as the European Union member country provides Latvian companies access to the European Union markets. The main sectors of Latvian economy are information technologies, chemical and pharmaceutical industry, electronics, mechanical engineering, wood processing, construction, food industry, textile industry, fishery and agriculture.  

Foreign entrepreneurs usually register the following types of undertakings:  

• Limited Liability Company (SIA)
• Joint Stock Company (AS)
• Branch
• Representative Office of Foreign Merchant

Latvian LLC (SIA) is the most common business entity in Latvia. A Latvian LLC must appoint at least one shareholder and one Director who can be of any nationality. Company registration in Latvia can be performed remotely which facilitates the process.