The most common legal entity (business) established in Latvia, Lithuania and Estonia is a limited liability company, also known as LLC. This type of venture provides its owner with business opportunities while limiting the risk of direct investment and not affecting his personal obligations. There are no restrictions on the creation of a company - an enterprise can be created by a resident, non-resident or legal entity. In Latvia, an LLC is called SIA, in Estonia - OÜ, and in Lithuania - UAB. https://www.baltic-legal.com/accountancy-services-eng.htm
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