Ready-made company acquiring is a useful alternative to new company formation. Typically, entrepreneurs choose to acquire a ready-made company if they need already functioning company in a matter of hours. Another reason may be a necessity for the company to be registered some time ago. Such a requirement is often included in government tenders. Also, your partners and financial institutions may consider older company more trustworthy.

In case you have decided on acquiring a ready-made company rather than establishing a new company, there are several things to keep in mind:

You can start your business operations immediately after the purchase is finalized. Please take into account, that any change, such as company name, will take additional time and costs. Some service providers offer to purchase a ready-made company in a certain field. It is useful to search for a ready-made company, which is registered to operate in a field suitable for you.

All ready-made companies have a history. You have to do your due diligence to make sure that the history of the company you are willing to purchase is 100% clean. This means that a company has had zero operational activity and has no liabilities. Typically, service providers also deliver a certificate confirming zero operational activity of the company you are willing to purchase.

Prices of ready-made companies and services included vary among different service providers. Typically, also the nature of the person (private or legal) and status of the person (resident or non-resident) will affect the costs of acquiring a ready-made company. The average price of a ready-made company in Latvia varies between 1 000 EUR and 1 600 EUR and includes itself:

Consultation about ready-made companies in Latvia;
Preparation of a custom share purchase agreement;
Notary and state fees;
Legal address;
Confirmation that the company has a clean history.