Obtaining investment license in Latvia | Law&Trust International

Investment license in Latvia

An investment company is a legal entity whose ongoing activity is to provide one or more investment services.

State regulation of the licenses in Latvia is carried out by the Commission established under the Ministry of Finance.

The department is engaged in the control of certification of brokerage, banking, and other areas of activity related to the economic segment.

The financial market regulator of Latvia makes a list of services that a company with a license of one type or another can provide.

Each set of financial instruments requires a special permit but there is a license that provides maximum freedom for business development.

A permit for investment activity in Latvia governs the work of all investment enterprises, which is why it is the most common document.

Types of activities for which a license can be issued:

  • Investment advice
  • Management of client funds
  • Brokerage services
  • Market-making
  • Underwriting

License for investment activity in Latvia

The applicant is required to undergo the registration procedure of a legal entity in the territory of the state. At least 1 director must be a resident of Latvia. Our company offers company registration in Latvia in 6-10 business days. The term depends on the individual characteristics of the applicant.

To confirm the seriousness of the intentions for the development of the company, it is necessary to deposit the authorized capital into the account of one of the local banks. The minimum authorized capital starts from 50,000 euros and depends on the specific services for which a license is issued.

The legal form of the enterprise must comply with OJSC or LLC. The documentation package includes all information about the founders and shareholders. Registration of an application takes about five days, but in the next 3 months, the commission examines the data to make a decision on the licensing of your business.

Obtaining an investment license in Latvia makes it possible to carry out activities in the rest of the EU after a simple passportization procedure.

Procedure for obtaining an investment license in Latvia

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The first step is to register a company in Latvia.

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The next step is opening a bank account.

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Then, our specialists will help with the preparation for obtaining a license, including the selection of employees, office rental, and more.

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Law and Trust specialists will also help with the determination of the necessary services in the license, prepare a complete set of documents for the license and apply for a license, accompany the entire review process until a positive decision on the license is made.

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