Here are the general steps for registering a company in Latvia as an international student from India:
Choose a company name: Choose a unique name for your company and check that it is not already in use by another company.
Obtain a registration number: Apply for a registration number with the Latvian Enterprise Register.
Draft the company's articles of association: Prepare the articles of association, which outline the company's purpose, ownership structure, and management.
Register the company: Submit the registration application, along with the articles of association, to the Latvian Enterprise Register. You will also need to pay a registration fee.
Obtain licenses and permits: Depending on the type of business you plan to operate, you may need to obtain additional licenses and permits.
Open a bank account: Open a bank account in the name of the company.
It's worth noting that starting a business as an international student from India, can be challenging and time-consuming, so it is recommended to seek advice from local business consultants, lawyers and accountants to make sure you comply with the laws and regulations.
Regarding your visa renewal, starting a company in Latvia may help you to renew your visa as it gives you a valid reason for staying in Latvia beyond your graduation.
However, it's best to check with the local immigration office for the most up-to-date information and for any specific requirements that may apply to your situation.
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