Latvia jurisdiction

Latvia’s strategic geographic location bridging Northern and Eastern Europe provides unparalleled connectivity and expansive access to diverse international markets.

A Latvian electronic money license offers companies EU-wide market access through the “passporting” principle, enabling seamless service distribution across member states while minimizing administrative burdens and licensing costs.

Latvia offers competitive low-income surcharges, enabling payment issuers to execute more cost-effective interchange transactions compared to financial institutions in other European jurisdictions.

Latvia presents an attractive tax landscape for businesses, with a nominal 20% Corporate Income Tax rate that effectively translates to 25% due to a unique taxable base division mechanism.

Latvia offers a streamlined and expedient process for obtaining a Payment Service Provider (PSP) license, matching or surpassing the efficiency of licensing procedures in other European jurisdictions.