Reliable Support

Professional Accounting Services in Latvia

Keep your business’s finances in top shape with our all-in-one accounting solutions. Our skilled team of certified accountants is here to offer personalized services that cater to the specific needs of small and medium-sized businesses, along with individual entrepreneurs.

Apply now

Reliable Support

Professional Accounting Services in Latvia

Keep your business’s finances in top shape with our all-in-one accounting solutions. Our skilled team of certified accountants is here to offer personalized services that cater to the specific needs of small and medium-sized businesses, along with individual entrepreneurs.

Apply now

About Me

Hi! I'm Madara!

I graduated from Riga Business School in 2016 and co-founded an accounting company in 2013. With a strong sense of determination, tenacity, and ambition, I thrive on challenges and continuous growth.

Beyond my professional life, I have a passion for traveling, kiteboarding, and exploring new cuisines—always seeking new experiences and perspectives.

In 2013, I founded my own company with the goal of providing high-quality accounting solutions. Our primary focus is delivering precise and tailored accounting services to small and medium-sized businesses as well as individual entrepreneurs, helping them navigate financial complexities with confidence.

Why Choose Us?

At LatviaCompanies.com, we’re here to provide you with expert guidance and support if you're on the lookout for trustworthy accounting solutions in Latvia. Our skilled team of accountants is dedicated to helping you tackle the intricacies of financial management, offering you clear, precise, and current information every step of the way. We place a strong emphasis on transparency, professionalism, and ensuring our clients are satisfied, so you can make confident and informed choices about your business finances.

Our Accounting Services Include:

Full-Cycle Bookkeeping

From daily transactions to annual reports, we manage all aspects of your financial records.​

Tax Preparation and Filing

Accurate calculation and timely submission of VAT, corporate income tax, and other statutory taxes.

Payroll Services

Efficient handling of employee salaries, benefits, and related tax obligations.

Financial Reporting

Preparation of balance sheets, income statements, and cash flow statements for informed decision-making.

Consultancy and Advisory

Strategic financial advice to optimize your business operations and growth.

LatviaCompanies.com has been taking care of our accounting for more than a year, and we couldn't be more pleased. They're quick to respond, precise in their work, and always in the loop with the latest regulations. I highly recommend them to anyone looking to do business in Latvia!

Kiero M., Small Business Owner

As a freelance consultant, I used to feel completely swamped by the whole tax and reporting process. But then I found the team at LatviaCompanies.com, and they really took the weight off my shoulders. Their guidance is straightforward and easy to understand, and now I finally feel like I have a handle on my finances.

Anna L., Independent Consultant

We’ve recently broadened our operations in Latvia, and I can’t say enough about how helpful the accounting support from LatviaCompanies.com has been. They really get what growing businesses need and consistently go above and beyond to ensure everything runs like clockwork.

Tom S., CEO of BalticFarm Solutions

Common Questions About Accounting in Latvia

Explore clear, expert-backed insights into accounting, tax, and compliance. Our experienced team is here to guide you every step of the way.

Do I need an accountant to run a business in Latvia?

Yes, while it’s not legally required to hire an accountant, it is highly recommended—especially to ensure compliance with Latvian tax laws, proper bookkeeping, and timely financial reporting.

What taxes do businesses in Latvia need to pay?

Latvian businesses typically pay corporate income tax, value-added tax (VAT), payroll taxes, and social security contributions. Tax obligations depend on your business structure and activities.

How often do I need to submit accounting reports?

Most businesses in Latvia must submit monthly VAT reports, quarterly or annual financial statements, and payroll declarations on a monthly basis.

Can you help with VAT registration and reporting?

Yes! Our team provides full support with VAT registration, regular VAT reporting, and guidance on applying the correct tax rates to your goods or services.

What accounting software do you recommend or work with?

We work with several popular platforms including 1C, Tildes Jumis, and Zalktis, depending on your company size and needs. We can also help you choose and implement the best system.

Do you offer payroll services?

Yes. We manage the entire payroll process—calculating salaries, preparing payslips, and handling tax submissions—ensuring full compliance with Latvian labor and tax laws.

How can I make sure my business stays compliant with Latvian accounting laws?

By working with experienced accountants, using the correct reporting tools, and staying up to date with changes in legislation. That’s exactly what we help our clients do.

Do you provide accounting services in English?

Yes! We offer services in English, Latvian, and Russian, making it easy for international clients to operate and grow their business in Latvia.

Can you help prepare annual financial statements and file them with authorities?

Yes. We handle the preparation and submission of your annual financial statements to the State Revenue Service (VID) and the Enterprise Register, ensuring everything is accurate and submitted on time.

Contact us

Manage Your Business Finances in Latvia with Confidence

Ready to get started? Just fill out the form below! Our friendly team will reach out to learn more about your needs and provide the support you deserve. Take that first step towards hassle-free financial management with LatviaCompanies.com.