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Compare business types

Forms of businesses differ mainly by the amount of the equity, the liability of the company and the form of profit distribution.


Limited liability company (SIA) Limited liability company (SIA) with reduced equity Joint stock company (AS) Individual merchant (IK)
Legal person
Number of owners 1+ 1-5 1 + 1 natural person
A legal person may be the owner
Non-residents may be the owners
Equity ≥2800 EUR ≥1 EUR ≥ 35 000 EUR
Annual turnover <40 000 EUR ≥284 600 or ≥28 500 and ≥5 employees
The owner is liable with own property
VAT payer
Subject to Corporate Income Tax
Subject to Personal Income Tax and MSSIC
May pay the micro-enterprise tax
Profit distribution A part is paid as dividends A part is paid as dividends A part is paid as dividends The owner retains the entire profit
Management Shareholders’ meeting and the board Shareholders’ meeting and the board Shareholders’ meeting, the council and the board The owner takes decisions unilaterally
State fee for registration 150,00 EUR 20,00 EUR 350,00 EUR 30,00 EUR
Publikācija "Latvijas vēstnesī" 27,03 EUR 14,23 EUR 27,03 EUR 18,50 EUR
Register Register Register Register
Limited liability company (SIA)
Limited liability company (SIA) with reduced equity
Joint stock company (AS)
Individual merchant (IK)
Limited liability company (SIA) 1+
Limited liability company (SIA) with reduced equity 1-5
Joint stock company (AS) 1 +
Individual merchant (IK) 1 natural person
Limited liability company (SIA)
Limited liability company (SIA) with reduced equity
Joint stock company (AS)
Individual merchant (IK)
Limited liability company (SIA)
Limited liability company (SIA) with reduced equity
Joint stock company (AS)
Individual merchant (IK)
Limited liability company (SIA) ≥2800 EUR
Limited liability company (SIA) with reduced equity ≥1 EUR
Joint stock company (AS) ≥ 35 000 EUR
Individual merchant (IK)
Limited liability company (SIA)
Limited liability company (SIA) with reduced equity <40 000 EUR
Joint stock company (AS)
Individual merchant (IK) ≥284 600 or ≥28 500 and ≥5 employees
Limited liability company (SIA)
Limited liability company (SIA) with reduced equity
Joint stock company (AS)
Individual merchant (IK)
Limited liability company (SIA)
Limited liability company (SIA) with reduced equity
Joint stock company (AS)
Individual merchant (IK)
Limited liability company (SIA)
Limited liability company (SIA) with reduced equity
Joint stock company (AS)
Individual merchant (IK)
Limited liability company (SIA)
Limited liability company (SIA) with reduced equity
Joint stock company (AS)
Individual merchant (IK)
Limited liability company (SIA)
Limited liability company (SIA) with reduced equity
Joint stock company (AS)
Individual merchant (IK)
Limited liability company (SIA) A part is paid as dividends
Limited liability company (SIA) with reduced equity A part is paid as dividends
Joint stock company (AS) A part is paid as dividends
Individual merchant (IK) The owner retains the entire profit
Limited liability company (SIA) Shareholders’ meeting and the board
Limited liability company (SIA) with reduced equity Shareholders’ meeting and the board
Joint stock company (AS) Shareholders’ meeting, the council and the board
Individual merchant (IK) The owner takes decisions unilaterally
Limited liability company (SIA) 150,00 EUR
Limited liability company (SIA) with reduced equity 20,00 EUR
Joint stock company (AS) 350,00 EUR
Individual merchant (IK) 30,00 EUR
Limited liability company (SIA) 27,03 EUR
Limited liability company (SIA) with reduced equity 14,23 EUR
Joint stock company (AS) 27,03 EUR
Individual merchant (IK) 18,50 EUR