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Equity capital – when establishing a limited liability company, the minimum equity capital is EUR 2820. The equity capital contribution can take the form of both cash and property contribution.

Founder – one or more persons can be the founders of a limited liability company, and they can be both natural persons and legal entities. The founder may be a resident or non-resident of the Republic of Latvia.

Status – a limited liability company is considered a legal entity.

Liability – the company is liable for its obligations to the extent of its entire property. A founder or shareholder is not liable for the limited liability company's obligations, as well as the limited liability company is not liable for the founder's or shareholder's obligations.

Management body – the decision making body of a limited liability company is the board and, if needed, the council. The board consists of one or more natural persons who may be residents or non-residents of the Republic of Latvia.

The process of company formation and registration is not considered complex. The registration takes only four business days from the moment all incorporation documents are drafted and submitted with Commercial Registry of Republic of Latvia. The registration time might be reduced up to two business days upon such a request.