Licences/Latvia

Latvia Licence — Cost & Bank Account

Real Latvia licensing costs from IAUI / State Revenue Service, plus how to open a bank account once you hold it. Setup typically 18 weeks; banking usually 10 days after.

Cost overview (5-year all-in)

Application fee
€200,000
Annual licence
€50,000
Capital req.
€1,400,000
GGR tax rate
15.0%
Legal setup
€80,000
Compliance / yr
€140,000
Audit / yr
€28,000
5-year total
€2,770,000
Setup time18 weeks
Term99 years
Local personnel requiredYes
Player-fund segregationRequired
Tiereu regulated
Confidencehigh

Notes

€1.4M capital. Tax up to 15% from Jan 2026. IAUI merged with SRS Apr 2026.

Primary sources

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