Could Latvia be one of the countries to join the growing list of offshore companies?

Today i found this blog about company Baltic Legal offering all kind of services. The service that cached my eye was the company formation one. They have offered company formation in Latvia for quite some time and in the past couple of months they have started to offer a variety of countries of choice for an offshore company formation.

Latvia is actually starting to sound a lot like some other countries of choice for and offshore business. The corporate tax in Latvia is only 15% and there are a lot of banking services to attach to help you with your business management. Incorporation in Latvia takes only couple of days, and there even are may shelf companies available.

I will write a separate article on Latvia as a place to incorporate your company in the future. Right now it may not seem like the best place for tax exemption, but the formation process is quite easy and takes less time than in some other locations.