Investment license in Latvia

May 4, 2023
aerial shot beautiful city riga latvia winter

When co-owners are looking for a country to open a business, they pay attention to the stability of the politics system and economics performance of the region. The most stable countries are considered to be EU-member states.

This small Baltic country offers great prospects for the development of business structures. That is why obtaining investment license in Latvia is an excellent solution for considerable business founders. It is not very difficult to obtain this document, but it is necessary to comply with certain requirements from the Central Bank of Latvia as the controller.

To obtain this document, you need to fill out a corresponding application and wait for the regulator’s decision. For this minimum, you need to create a legal entity or buy a company already operating in the market.

The process of obtaining Investment license in Latvia

After the investment company registration services in Latvia will issue a document confirming the association of a permitted entity, the corporation can apply for permission. The process of obtaining it takes place in several stages, namely:

  • preparation;
  • filing of an app;
  • evaluation;
  • adoption by the regulator of the final decision.

During each operation, active communication is necessary between the prospective licensee and the regulator. If you miss the point of proper communication, you are likely to be rejected.


The preparatory stage for any Crowdfunding platforms in Latvia is the basis before obtaining permission. During it, the corporation must obtain an initial consultation with the regulator. In respective, the conceivable licensee sends a business plan indicating the field of activity (specifying the conceivable usefulness. whom they see as their consumers, and in which countries they plan to work).

Info about the corps co-owners and their sources of funds must also be provided. The Central Bank reviews the documents and provides an initial assessment of the project. If it is found compliant with the local legislation, the next step of applying for a license can be initiated.

Submission of the application

This stage begins when the client submits an app and full docs to start the preliminary examination. The regulator has 25 working days to conduct it. During this time they have to provide a conclusion about whether the application is filled out correctly and whether all the documents are provided by the potential licensee.

If there are discrepancies, it is possible to return to correct deficiencies and resubmit the application. For convenience, the licensee is notified of the start of the preliminary examination and its completion date.

Evaluation of the app

In case the corporation manages to pass the preliminary examination to work in the field of crowdfunding in Latvia, its application moves on to the evaluation stage. This means that the representatives of the central bank will evaluate all the information about the company and its capabilities. In particular, the regulator will meet with the founders of the firm and draw up an act on the result of the meeting. It is also possible to make minor corrections to the documentation, which the initiators had previously provided with an application.

After the meeting, the Central Bank continues to analyze the application and, if necessary, may initiate several more meetings to clarify the details. During these meetings, the initiator will have the opportunity to convince the regulator that the company will be able to work openly in the market and will not violate local legislation.

Final decision

At the final stage of reviewing the application of crowdfunding operators in Latvia, the representatives of the Latvian Central Bank make the final decision on issuing an acquisition license to the potential licensee.

As a result, 3 variants of the decision can be accepted:

  • agreed;
  • refused;
  • Agreed with certain conditions.

The last option allows the corporation to carry out acquisition activities in the specified regions but with certain restrictions. A letter will be sent to the company about the result of the made decision. After passing the authorization, the permitted entity can begin equipping usefulness according to the authorization granted.

Who to approach for assistance

Obtaining an Investment license in Latvia is easy only at first sight. Each company, which has decided to prepare documentation on its own, encounters a lack of knowledge of the regulator’s rules. As a result, they have to eliminate many mistakes that could have been avoided.

To promptly obtain the necessary permits, it is most correct to turn to professionals. Our employees have for a long time provided various types of advice to the companies willing to operate in Latvia and other EU-members.

We provide not only consultations but also help to prepare the docs for the apps. We shall analyze it to be submitted and tell you what points need to be corrected immediately. After our consultations, the customers at once submit the correct documents to the regulator and the CB makes a quick decision on the issuance of the corresponding license.

For preliminary consultation contact our employees by phone numbers on the site or fill in the feedback form and our manager will call you back.

Related insights

MSB license in Dubai

Dubai International Financial Center is rapidly becoming recognized as a premier hub for MEASA. According to the Global Index, published in March 2023, Dubai occupies a leading position among financial centers in the region. Over the past five years, Dubai has consistently maintained its high position worldwide, specifically for capital-holders wishing to enter financial services…

Read more 29.01.2024

Crowdfunding in Portugal

Such schemes in Portugal continue to expand. Country’s regulator has registered six management companies operating crowdfunding resources, predominantly in area of lending. As industry develops and the number of participants grows, changes are possible due to the adoption of the Regulation on European agents providing crowdfunding services for business-projects. There may also be a move…

Read more 24.01.2024

How to begin a Cook Islands Trust in 2023

In the realm of multinational affluence governance and acquisition safety, trust-companies have long been regarded as powerful tools for safeguarding purchases and ensuring monetary privacy. The Cook Islands, nestled in the heart of the South Pacific, has emerged as a jurisdiction of choice for establishing trust-companies due to its robust lawful substructure and favorable adjustments….

Read more 22.12.2023

Investment fund in UAE

The United Arab Emirates (UAE) has emerged as a global monetary powerhouse, renowned for its dynamic enterprise circumstances, strategic location, and depositor-friendly policies. One of the key drivers of the UAE’s monetary success is its robust acquisition landscape, which includes a diverse range of possibilities for local and global depositors. In this article, we will…

Read more 19.12.2023

Forex License in Estonia

In recent years, Estonia has emerged as a favorable destination for enterprises seeking to establish themselves in the European Union. The country’s progressive adjustment circumstances, digital infrastructure, and business-friendly policies have attracted a diverse range of industries, including the economic sector. Among the economic favors gaining traction is the FX(foreign exchange) industry, and many entrepreneurs…

Read more 15.12.2023

ESMA urges crypto-market contributors to begin conditioning for the transition to the MiCA adjustment

The world of cryptos is evolving rapidly, and adjustment bodies are striving to keep pace with this dynamic landscape. The Euro Securities and Markets Body (ESMA) has recently issued a clarion call to all cryptomarket contributors, urging them to start gearing up for the transition to the Markets in Crypto Acquisitions (MiCA) adjustment. As the…

Read more 12.12.2023

Crypto-tax rules, mandate data sharing from crypto-businesses

In an influential development for the cryptocurrency industry, the EU has recently adopted a groundbreaking law that imposes a mandatory requirement on crypto corporations to disclose consumer holdings. This new direction, known as the Eighth Directive on Administrative Cooperation (DAC8), signifies a pivotal shift in the adjustment terrain, aiming to enhance translucence and ensure conformity…

Read more 05.12.2023

How to sell a restaurant in 2024

Selling a restaurant is a complex method that requires careful planning, strategic decision-making, and a deep understanding of the current market trends. As we step into 2024, the dynamics of the restaurant enterprise continue to evolve, influenced by factors such as technology, changing consumer preferences, and economic conditions. In this comprehensive guide, we will explore…

Read more 05.12.2023

How to Buy a Restaurant: The 9 Steps from Inquiry to Closing

Hopping on the journey of owning a restaurant is an exciting yet complex endeavor, comprising nine crucial steps. This in-depth guide aims to provide aspiring restaurateurs with a detailed understanding and a strategic approach to navigate the intricate process of acquiring a dining establishment. Beyond the initial allure of selecting a restaurant and completing a…

Read more 04.12.2023

Instant Payments

In a groundbreaking development for the European Union and European Economic Area countries, the Council and the European Parliament have reached a preliminary consensus on the proposal for instant remittances. This innovative move is set to transform the economic landscape, enhancing the accessibility of instant payment options in euro to consumers and business-companies for consumers…

Read more 04.12.2023

VAT transactional reporting obligation for remittances

In the ever-evolving landscape of monetary adjustments, the European Union (EU) has introduced a consequential development known as the VAT transactional reporting commitment for remittances, commonly referred to as CESOP (Cross-Border Electronic Sales of Services and Payment). Effective from the year 2024, this directive mandates that all EU Payment Service Providers (PSPs) record and report…

Read more 04.12.2023

Forex license in Cook Islands

The Cook Islands, renowned for its breathtaking natural beauty and warm hospitality, has emerged as an attractive destination for commerces looking to obtain various monetary licenses. In this article, we will delve into the processes and advantages of securing Forex licenses, Securities Dealer permits, and Assets Exchanging permits in the Cook Islands. With a focus…

Read more 10.11.2023