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From Riga to Cyprus, at the right time.

Once you take money out, a Cyprus company at 15% and tax-free dividends with non-dom status beat Latvia's 20%. Latvia has no exit tax, but it charges nothing on profit you keep in the SIA, so we check your timing first.

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  • Fixed prices
  • Eligibility checked before you pay
  • One team for the Cyprus side
Lasi latviski

What you keep, once it's paid out.

Latvia taxes profit only when it leaves the company, and then only once. Move the slider to the profit you plan to take out.

€200,000
In Latvia
Corporate tax
−€40,000
Tax on dividends
−€0
You keep
€160,000
In Cyprus
Corporate tax
−€30,000
Health contribution (GeSY)
−€4,505
You keep
€165,495

More in your pocket+€5,495every year

More in your pocket +€5,495 every year

Latvia: 20% corporate income tax when profit is paid out, so €100 of profit pays €20 and €80 reaches you with no further tax on the dividend. Profit kept in the SIA pays nothing. The new 15% route for companies owned only by individuals works out at 20.10%.

Headline rates for a founder who takes the profit out as dividends and has become Cyprus tax resident with non-dom status. Your own figures will differ. This is an illustration, not tax advice.

What Latvia asks before you go.

Leaving Latvia costs no tax, but the paperwork decides when you stop being resident. Settle these with a Latvian adviser first.

  • No exit tax on you

    Leaving Latvia isn't taxed. Latvia doesn't treat your shares as sold when you go, so there's nothing to pay, defer or guarantee.

  • Cancel your declared address

    While your declared address (deklarētā dzīvesvieta) is in Latvia, you stay tax resident, however few days you spend there. Get your Cyprus tax residence certificate, cancel the address, then ask Latvia's tax office (VID) to treat you as non-resident.

  • The 183 days run across New Year

    Latvia counts 183 days in any 12 months, not by calendar year, so long stays either side of New Year add up. Even under 183 days, you stop being resident only once you show your ties are closer abroad. Keep a rolling count.

  • Moving the SIA's assets is taxed

    Your SIA stays Latvian wherever you live. If it moves IP, equipment or a business line to Cyprus, Latvia taxes that transfer. Moving yourself costs nothing, so decide early what moves.

  • Don't run the SIA from Cyprus

    Run your SIA from Cyprus and Cyprus can treat it as a Cyprus taxpayer too. The tax treaty between Latvia and Cyprus has no rule to settle that for companies, only talks between the two tax offices. Move the business cleanly, or keep it run from Latvia.

  • Your pension years count

    Latvia and Cyprus are both in the EU, so the years you were insured in Latvia count towards your pension, and rights you've built up aren't lost when you move.

Where Cyprus pulls ahead.

Latvia wins while you reinvest. Cyprus wins once you draw an income or plan a sale.

Corporate tax
15%
One flat rate, with no local surcharges.
Tax on dividends
0%
As a non-dom, for up to 17 years.
Days a year for tax residency
60
Under the 60-day rule, with a home and a business here.
Wealth or inheritance tax
0
Cyprus has neither.
  • As a Latvian citizen you're an EU citizen, so you register with the Yellow Slip, which we file with you. No visa, no permit.
  • The 60-day rule allows up to 183 days elsewhere, Latvia's own limit. Running your Cyprus company counts towards it, and the Cyprus certificate is what Latvia's tax office asks for.
  • Latvia taxes a foreign company's profit at home only if its country is on a low-tax list. Cyprus isn't, so even the Cyprus IP Box rate of 3% isn't caught.
  • Selling your shares costs 25.5% of the gain in Latvia. Cyprus generally doesn't tax gains on qualifying shares and securities.

The move, step by step.

Nothing on the Latvian side sets a deadline, so it's easy to start and just as easy to leave half done.

Book a free call
  1. First

    Check you're taking money out

    If every euro still goes back into the business, Latvia's 0% on kept profit wins, and we'll tell you so on the call. If you're drawing an income, we test the payout you plan.

  2. Month 1We do this

    Form the Cyprus company

    We register it with tax, VAT and VIES. Your books open the day you order.

  3. Month 1 to 3We do this

    Yellow Slip and a lease

    We apply for your Yellow Slip with you. You sign a Cyprus lease in your own name, which also helps show Latvia's tax office that your home is now in Cyprus.

  4. Month 1 to 3

    Run the company from Cyprus

    Take the company's decisions in Cyprus and record them here. Count your days in Latvia over any 12 months, not by calendar year.

  5. Month 3 to 9

    Keep proof, settle the SIA

    Keep your lease, utility bills, Cyprus social insurance records and proof of where your family lives. With your Latvian adviser, decide the SIA's future. Closing it taxes the profit it kept at 20%.

  6. After year 1We do this

    Tax residency and non-dom

    We get your Cyprus tax residence certificate and register your non-dom status, then keep your day counts and Cyprus filings in order.

  7. Then

    Cancel the address, then apply

    Cancel or change your declared address in Latvia. Only then does your Latvian adviser ask the tax office to treat you as non-resident, with the Cyprus certificate attached.

The Cyprus side, done for you.

Fixed prices, excl. VAT, agreed before you start. Government fees are charged at cost, on top of our fee, once your application is approved.

Questions from Latvian founders.

Still unsure? Talk to a person on WhatsApp, or book a free call below.

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No. Latvia has no exit tax for people. It doesn't treat your shares as sold, so there's nothing to pay, defer or guarantee. The one charge is for companies. If the SIA moves assets such as IP or equipment to Cyprus, Latvia taxes that transfer. Move yourself, keep the SIA in Riga, and nothing is charged.

When your declared address is no longer in Latvia, you spend under 183 days there in any 12 months, and your ties are closer to Cyprus. Then you apply to the tax office to be treated as non-resident from a set date, with your Cyprus tax residence certificate and proof of your life there, such as a lease and social insurance.

Usually not. Latvia charges nothing on profit kept in the SIA, and once the company pays its 20%, the dividend reaches you tax-free. A Cyprus company pays 15% every year, paid out or not. Kept profit stays tax-free only while it stays in the business. A loan to yourself, or private costs paid by the SIA, is taxed like a payout. Cyprus starts to win when you draw an income or a sale comes into view.

No. From 2026 a company owned only by individuals, not other companies, can pay 15% instead of 20%, but 6% tax is then taken from the dividend. On €100 of profit that's €15.00 plus €5.10, so €20.10, against €20.00 on the standard route. It moves part of the tax from the company to you.

It stays a Latvian company wherever you live. You can keep it run from Latvia, give it a new role, or wind it down with your Latvian adviser. Closing it taxes the profit it kept at 20%. Don't run it from Cyprus. Cyprus could then tax it too, and the treaty has no rule to settle that for companies.

No. Latvia only taxes a foreign company's profit at home if it's based in a country on an official low-tax list. The list has eleven entries, none in the EU, and Cyprus isn't one of them, so even the IP Box, Cyprus's 3% rate on income from intellectual property, creates no Latvian charge. The list changes from time to time, so check the current one. Latvia can still challenge an artificial setup through its other rules.

In Latvia, 25.5% of the gain, often the biggest number in the whole comparison. Cyprus generally doesn't tax gains on qualifying shares. If most of your company's value is property in Latvia, moving doesn't take the gain out of Latvia's reach. A sale while you're still resident runs on a quarterly clock. Gains over €1,000 in a quarter are declared by the 15th of the next month and paid by the 23rd.

No. Under the 60-day rule you can be Cyprus tax resident with 60 days a year here, a home you rent or own, a business or job in Cyprus, and no more than 183 days in any other country. Running your own Cyprus company can count as the business. On the Latvian side, stay under 183 days in any 12 months, counted across New Year.

It stays yours. Latvia and Cyprus are both in the EU, so the years you were insured in Latvia count towards your pension, and rights you've built up aren't lost when you move. Register for Cyprus social insurance as part of the move. Paying in there also helps show Latvia's tax office that your life is now in Cyprus.

Plan your move with us.

Tell us what you own and when you'd like to move. We'll tell you what applies, what it costs, and what to do first.

  • Which rules at home affect you
  • The order to do things in
  • A fixed price for the Cyprus side

30 minutes, by video, free

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Your move, one partner.

We form your company, apply for your residency with you and keep your books.

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