SIA company name in Latvia

To register a business in Latvia, you need to choose between "IK", "a/s" or "SIA". We will not dig deeper into "IK" and "a/s" in this article. We will learn what is SIA, things you need to know about SIA, and rules for SIA company name.What is "SIA"?"SIA" or "LLC" or a limited liability company is a corporate structure whereby the members of the company cannot be held personally liable for the company's debts or liabilities. Limited liability companies are essentially hybrid entities that combine the characteristics of a corporation and a partnership or sole proprietorship. While the limited liability feature is similar to that of a corporation, the availability of flow-through taxation to the members of an LLC is a feature of partnerships.Rules for SIA company name:

• Includes a reference to the type of the company "sabiedrība ar ierobežotu atbildību" or its abbreviation "SIA", which is included at the beginning or end of the company;

• Use the letters of the Latvian or Latin alphabets;

• You can use numbers;

• Punctuation (points, commas, cols, quotes, etc.) can be used;

• It is allowed to use five symbols - &, @,%, +, =, use of other symbols is not allowed;

• You can not include the names of state or local government institutions (institutions), as well as the word "state" or "local government";

• Can not include the words "Latvijas Republika"(the Republic of Latvia) and their translation into a foreign language;

• You can not include misleading information about the business form, such as the designations "AS", "IK", etc;

• The use of names that contain uncensored words and ambiguous terms (contrary to good morals) is not allowed;

• If the name of an administrative territory or a populated area is enclosed, the company must not coincide with the name of the administrative area or populated area, it is necessary to include in the name additional names, letters or numbers;

• Can not match the already registered trademark or part thereof;

• It is not allowed SIA name to be the same with any of the registered entities of the Register of Enterprises or the name of the registered entity. Punctuation, spacing, and capitalization do not represent a sufficient distinction from another name.

Keep in mind that all documents to be submitted must bear the same name.