Grant Thornton Baltic - Latvia

What Grant Thornton Baltic - Latvia does

Grant Thornton Baltic SIA is a Latvia-based professional services firm operating under the Grant Thornton International Ltd global network. Established in Latvia in 1996 and active for over 30 years locally, the firm employs 70+ professionals in Latvia and 350+ across the Baltic region (Latvia, Lithuania, and Estonia), structured around 23 partners and 6 offices. It is ranked as the 5th largest professional services firm in Latvia and serves 1,500+ active clients, including mid-to-large enterprises, international and cross-border businesses, and government entities. Distribution is partner-led and direct, supplemented by cross-border referrals from the Grant Thornton network spanning 150+ countries.

The firm's core offerings span audit and assurance, full-cycle accounting and payroll outsourcing, tax advisory (VAT, corporate income tax, transfer pricing, tax risk management, international tax, and due diligence), financial and business advisory (M&A due diligence, buy-side/sell-side advisory, reorganization, company valuation, forensic services, business planning, and outsourced CFO), real estate valuation, data protection, and legal consulting. Service delivery relies on senior professional oversight supplemented by the proprietary BPS accounting automation tool, which supports bookkeeping process efficiency. The firm's expertise is evidenced by named engagements with Latvian Railway, the Rail Baltica infrastructure project, the Court House Agency, Lightspace Technologies, and Catchbox.

Grant Thornton Baltic SIA generates revenue through project-based professional services fees, with no publicly disclosed pricing tiers and contract cadences that can extend to multi-year engagements. The firm is privately held under a partnership ownership structure typical of professional services firms and has no disclosed external funding, M&A activity, or revenue figures. It markets through a content-and-thought-leadership approach (insights on tax changes, audit industry analysis, conference participation such as TEGOVA 2026 in Riga) and through partner-level relationships rather than paid advertising channels.

Name

Grant Thornton Baltic - Latvia

Legal name

Grant Thornton Baltic SIA

Website

https://grantthornton.lv

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Grant Thornton Baltic SIA is a Latvia-based professional services firm offering audit, accounting, tax, legal, financial advisory, and real estate valuation services to 1,500+ mid-to-large enterprises, international businesses, and government clients across the Baltic region, operating as a member firm of the Grant Thornton International network.

Ownership category

akta.pro rank

Headquarters

HQ city

Rīga

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Professional Services Revenue: Grant Thornton Baltic generates revenue through providing professional services including audit/assurance, tax advisory, legal consulting, accounting/bookkeeping, real estate valuation, and financial advisory. Services are delivered to businesses of various sizes requiring professional financial and legal expertise.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Grant Thornton Baltic Latvia delivers multi-disciplinary professional services to businesses, including statutory audit, full-cycle accounting and payroll outsourcing, tax and transfer-pricing advisory, financial and business advisory (due diligence, M&A, reorganization, valuation, forensic, outsourced CFO), real estate valuation, data protection compliance, and legal advisory. Engagements are partner-led and tailored to Latvian commercial companies, foreign-capital companies, and state/municipal enterprises, with cross-border reach provided through the Grant Thornton International network.

Product overview

Grant Thornton Baltic Latvia is a professional services firm offering a comprehensive suite of services including audit, accounting, tax advisory, financial and business consulting, real estate valuation, data protection, and legal services. The core offering includes Revīzijas pakalpojumi (Audit Services), Grāmatvedības pakalpojumi (Accounting Services) with sub-services such as payroll outsourcing, full-cycle accounting, tax reporting, and accounting automation (BPS), Nodokļu konsultācijas (Tax Advisory) covering VAT, corporate income tax, transfer pricing, and international taxation, Finanšu un biznesa konsultācijas (Financial Advisory) including due diligence, M&A advisory, company valuation, and outsourced CFO services, Nekustamā īpašuma vērtēšana (Real Estate Valuation) for industrial, commercial and residential properties, Datu aizsardzība (Data Protection), and Juridiskās konsultācijas (Legal Services). The firm operates as a services-based practice, not a software product platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit Services (Revīzijas (audita) pakalpojumi) Statutory audit, agreed-upon procedures, in-depth company examination, and training on financial accounting, delivered to Latvian businesses, foreign-capital companies and state/municipal enterprises requiring independent assurance over financial statements.
• Accounting Services (Grāmatvedības pakalpojumi) Comprehensive outsourced bookkeeping and payroll services for Latvian businesses, covering full-cycle accounting, payroll outsourcing, tax reporting preparation, financial statement preparation, consolidated annual reports, payment processing on behalf of clients, and accounting automation via the BPS platform.
• Tax Advisory (Nodokļu konsultācijas) Tax consulting covering VAT, corporate income tax, personal income tax, transfer pricing documentation, Tax Risk Management (TRM), tax due diligence, international taxation and daily advisory, provided to Latvian companies, foreign-capital groups and state/municipal enterprises.
• Financial and Business Advisory (Finanšu un biznesa konsultācijas) Financial and business consulting for transactions and strategy, including buy-side and sell-side due diligence, M&A advisory, reorganization, company valuation, forensic services, business plan preparation and outsourced CFO services for Latvian and international clients.
• Real Estate Valuation (Nekustamā īpašuma vērtēšana) Independent real estate and asset valuation covering industrial facilities, commercial and residential properties, business and specialized properties, and company assets, used by businesses and property owners for transactional, reporting and lending purposes.
• Data Protection (Datu aizsardzība) Data protection and privacy compliance consulting supporting Latvian businesses in meeting personal-data processing and regulatory obligations under applicable data protection law.
• Legal Services (Juridiskās konsultācijas) Legal advisory covering business law, corporate law, transaction advisory, legal due diligence and day-to-day in-house legal support, provided to Latvian companies, foreign-capital groups and state/municipal enterprises.

Named customers5 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Grant Thornton InternationalflagshipStrategic or Co-development PartnerGrant Thornton Baltic is a member firm of the Grant Thornton International network, one of the world's leading audit, tax, and advisory organizations. This partnership provides access to global expertise, methodologies, and resources spanning 150+ countries with 23 partners and 6 offices in the Baltic region.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• KPMG Latvia: Latvia office of KPMG, Big Four audit, tax, and advisory firm. Directly competes with Grant Thornton Baltic for mid-to-large enterprise audit, tax compliance, and advisory engagements in the Latvian market.
• Deloitte Latvia: Latvia practice of Deloitte, Big Four audit, consulting, tax, and advisory firm. Closely comparable multi-discipline service offering and target client base to Grant Thornton Baltic, with substantially larger global resources.
• EY Latvia: Latvia member firm of Ernst & Young, another Big Four audit and advisory network. Direct competitor across audit, tax, and transaction advisory mandates in Latvia with comparable service breadth.
• PwC Latvia: Latvia office of PwC, one of the Big Four global audit, tax, and advisory firms. Directly comparable as a full-service professional services competitor to Grant Thornton Baltic in Latvia, but with materially greater scale, global brand, and large-enterprise client concentration.

Direct peers

• RSM Latvia: Latvia member of RSM International, a global network of audit, tax, and consulting firms. Direct comparable to Grant Thornton Baltic in scale, mid-market enterprise focus, and network-driven cross-border service delivery.
• BDO Latvia: Latvia member firm of BDO, a top-tier global accounting and advisory network outside the Big Four. Most direct comparable to Grant Thornton Baltic in scale, positioning, and service mix in Latvia, often cited as the closest rival in the 'second tier' of global accounting firms.
• Moore Latvia: Latvia practice within the Moore Global Network, an international accounting and advisory association. Comparable to Grant Thornton Baltic in tier-two global network affiliation and full-service professional offerings for mid-market clients.
• Crowe Latvia: Latvia office of Crowe Global, a top-10 accounting and advisory network. Directly comparable to Grant Thornton Baltic in multi-discipline professional services scope, network-driven international reach, and tier-two positioning.
• Baker Tilly Latvia: Latvia office of Baker Tilly, a top-10 global accounting network. Comparable to Grant Thornton Baltic in tier-two positioning, multi-discipline service offering, and cross-border capability via the global network.
• Mazars Latvia: Latvia practice of Mazars, an international audit, tax, and advisory network. Direct competitor to Grant Thornton Baltic across audit, accounting, tax, and advisory services with similar mid-tier global network positioning.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/grant-thornton-rimess---latvia

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grant Thornton Baltic - Latvia