Low capital LLC vs LLC in Latvia

There are 2 types of LLC in Latvia which are low capital LLC and the regular LLC.

LLC
A limited liability company is a commercial company whose share capital consists of the total nominal value of the share capital.

A limited liability company is a closed company and its shares are not publicly traded. The company is a legal entity.

rules:

• The minimum share capital is 2800 EUR;
• The founders may be individuals(natural persons) and juristic persons;
• Fixed capital can be paid with cash or property.

Low capital LLC
A limited liability company is a commercial company whose share capital consists of the total nominal value of the share capital.

A limited liability company is a closed company and its shares are not publicly traded. The company is a legal entity.

rules:

• EUR 1-2799 share capital;
• The founders and participants are only individuals (natural persons) and their maximum number is five;
• Board members may be held only by members of the LLC;
• A participant may only be at the one low capital company;