A company in Latvia in the form of a joint stock company can be founded by one person or a group of investors. The number of shareholders for a Latvian joint-stock company is not limited. The founders of a joint stock company registered in Latvia can be both residents of the country and non-residents. The paid authorized capital of a Latvian joint-stock company of an enterprise must be at least 25,000 lats, which is approximately 36,000 euros. A joint stock company registered in Latvia is liable to creditors with all its property, but shareholders only risk the value of the shares they paid for (i.e., their liability is limited). Continuing the topic of the statutory fund of Latvian Joint Stock Companies, it is worth mentioning that the initial amount must be paid in cash before registration. In the future, the authorized capital of the Joint Stock Company can be increased both by money and property. When submitting an application for opening a joint stock company in Latvia, it is necessary to deposit at least 25% of the authorized capital, with at least 25,000 lats. The rest of the statutory fund of the Latvian Joint Stock Company must be paid during the first year of the JSC operation.
When registering a joint stock company in Latvia, much attention will have to be paid to documents and their preparation. When registering a JSC in Latvia, it will be necessary to collect a stack of documents, as well as to certify the signature on the registration application from a sworn notary. The board member will also have to certify his consent to take this position with a notary.
More information here - https://en.wikipedia.org/wiki/Joint-stock_company
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