Head of practice
Head of Corporate Law and Fintech Practice. Expert in the creation and reorganization of companies, support of M&A transactions, as well as legal support for opening and running a business in the EU, Asia, and North America.
Accounting support for business in Latvia
Doing business in Latvia is promising, but requires careful compliance with local legislation, especially in the field of accounting and taxation. Properly organized accounting support not only ensures the legality of activities, but also becomes the basis for strategic planning and financial security of the company. The law firm “Prikhodko & Partners” offers a comprehensive approach to accounting services for businesses in Latvia, adapted to the specifics of the local market and the interests of foreign investors.
Why does accounting in Latvia have its own specifics?
Latvian legislation in the field of accounting and taxation combines EU requirements and national specificities. Among the key aspects that require attention:
- Tax system: VAT (standard rate 21%), corporate income tax (20%), as well as specific fees and contributions.
- Reporting: mandatory regular submission of financial, tax and statistical reporting to state authorities.
- Document flow requirements: electronic declaration, compliance with document retention periods.
- Features for foreign companies: the need to adapt international standards to Latvian realities.
Accounting errors can lead to significant financial penalties, litigation risks and reputational losses. Therefore, delegating this function to professionals is a profitable solution.
Accounting support services from “Prikhodko and Partners”
We offer a full range of services for businesses in Latvia:
- Full accounting support: accounting, payroll, reporting, tax optimization consulting.
- Remote accounting (outsourcing): an ideal solution for foreign investors who want to minimize staff costs.
- Tax consulting: analysis of transactions, tax burden planning, support during inspections.
- Registration services: assistance in registering a company in Latvia, opening accounts, obtaining licenses.
- Adaptation to changes in legislation: constant monitoring of innovations and their prompt implementation in the client’s accounting processes.
Advantages of working with us
Prikhodko & Partners is a team of experts with deep knowledge of Latvian law, accounting standards and international practice. Our advantages:
- Individual approach: we develop a work plan taking into account the industry, scale and goals of your business.
- Transparency and control: we provide regular reports on the status of accounting, provide easy access to information.
- Languages of communication: service in Latvian, Russian, English and Ukrainian.
- Technological support: use of modern software for effective accounting.
- Risk prevention: we do not just keep records, but also prevent potential problems with tax authorities.
Accounting support is not only the implementation of mandatory procedures, but also a strategic tool. Properly organized accounting allows you to analyze business efficiency, plan expenses, and make informed management decisions.
Entrust the accounting support of your business in Latvia to the professionals of Prikhodko & Partners. We guarantee accuracy, compliance with legislation, and financial stability of your enterprise, freeing up your time for development and strategic tasks.
Calculate the cost of services
1 question
Do you already have a registered business in Latvia?
2 question
Do you need accounting support for your business?
3 question
Do you need legal support for your business?
4 question
Do you need to improve your business taxes?
5 question
Do you need advice on taxes in Latvia?
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during the day
Compensation for moral, material damage
Protection of honour, dignity, and business reputationContract Development for Business and Legal Entities
Licensing of business activities
Compensation for moral, material damage
Legal services in the field of cryptocurrency and blockchain
REGISTRATION OF COMPANIES AND OPENING OF BANK ACCOUNTS
Sale and purchase of ready-made firms
Grants and attracting investment
Business registration and support in Great Britain
Business registration and support in Switzerland
Business registration and support in the EU
Business Registration and Support in the Gulf Countries (GCC)
Business registration and support in Turkey
Business registration and support in USA
Lawyer for administrative cases
Legal services for medical businesses and doctors
Protection of honour, dignity, and business reputation
Real estate transaction support
Escort of the tender participant
Trial lawyer: support and defense in court
European Court of Human Rights (ECHR)

