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Companies in Latvian have been a popular choice for international investors for many years. Please see below some notes about Latvian company registration process, accounting and bank requirements.
Re-invested profit will not be taxed. I.e. CIT is not charged on company profit until it is distributed into dividends and similar payments.
As of December 1st 2017 all Latvian legal entities must declare Ultimate Beneficial Owner at the Register of Enterprises of Latvia.
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