Latvia

Latvia is a Baltic EU member offering 0% tax on retained profits (similar to Estonia), competitive costs, and access to the EU single market. Its well-regulated financial sector and multilingual workforce make it suitable for fintech and holding structures.

Corporate Tax

0% on retained profits (20% on distributions)

Legal System

Civil Law / EU Law

Currency

Euro (EUR)

Language

Latvian, Russian, English widely spoken

Tax Overview

Corporate Tax

0% on retained profits (20% on distributions)

Personal Tax

Up to 31%

VAT / GST

21%

Capital Gains Tax

0% on retained profits

Withholding Tax

0-20%

Key Advantages

0% tax on retained profits

EU membership and euro currency

Competitive operational costs

Multilingual workforce

Growing fintech sector

Strategic Baltic location

Country Facts

Population: 1.9 million
Political Structure: Republic, EU Member State
Timezone: UTC+2
Exchange Controls: None (EU member)
Double Tax Treaties: 62+ treaties

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