Company formation in Latvia is a simple and straightforward process. In fact, Latvia is ranked 19th in the World Bank annual "Doing Business" rating. The most popular types of legal entities in Latvia are Limited Liability Company (SIA) and Joint Stock company (AS). Your business can also be registered as personal society (limited or general partnership) or sole trader. A company in Latvia can be registered by local and foreign natural and legal persons, as well as personal societies. ADVANTAGES OF DOING BUSINESS IN LATVIA One of the fastest internet connections in the world; Convenient transport and rail junctions; Developed technical and IT sectors; Highly skilled and multilingual workforce; Member of EU customs and Eurozone; No restrictions to foreign entrepreneurs; Lāčplēša iela 61, Latgales priekšpilsēta, Rīga, LV-1011