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It takes two weeks for a new company registration or shelf company transfer, in most cases. However, the set-up or transfer process will take up to 15 business days, if the shareholder of Latvian company is an overseas corporate entity
VAT registration requires up to 1 month in most cases (Latvian tax authorities may request additional information)
For a ready-to-use bank account a minimum of 15-20 days is required. (Account activation is possible only upon receipt of the required information and hand-signed application forms) http://www.confiduss.com/en/jurisdictions/latvia/business/company-formation/