Latvia is a country in Northern Europe, on the Baltic coast, bordering on Lithuania and Estonia. Its capital is Riga, with numerous churches and museums. It is also known for its wooden architecture and art nouveau structures. Latvia is a member the United Nations, European Union (since 2004), the Council of Europe, NATO, OBWE, IMF, and ILO. Latvian is the country’s only official language.
The territory of Latvia is 24,938 square miles, with a population is just over 2 million.
Latvia is an international financial centre in the heart of Europe with long tradition, which can take pride in having the lowest taxes on the Old Continent. The country’s situation is stable – in 2014 its per capita GDP was $15 375.
The most popular form of business activity in Latvia involves limited liability companies (SIA). EU residents do not pay tax on dividends, and non-residents pay tax at the rate of just 15%.