What is the process like for setting up a company in Latvia — is it complicated or fairly straightforward?

I recently went through this myself, and honestly, it’s easier than I expected. At first, I thought European registration would mean endless paperwork, but Latvia turned out to be quite business-friendly. You just need to prepare the founding documents, choose a legal address, and submit everything online or through a representative. When I was researching, I found open company in Latvia really helpful — it clearly explains each step and what to watch out for. Thanks to that, the whole process took about a week and went smoothly.