The registration process is not as complicated as in the case of a joint stock company, but it still takes time and experience in setting up such companies. Registration as a value added tax (VAT) payer is not mandatory after the formation and registration of the company, but becomes necessary if the annual turnover exceeds the legal limit. A limited liability company requires a minimum share capital, which is almost the norm in Latvia, Lithuania and Estonia; however, there are different ways to invest.
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