Abstract Here, we report first-principles calculations of laser-induced photocurrents at the surface of a prototype Rashba system. By referring to Keldysh nonequilibrium formalism combined with the Wannier interpolation scheme, we perform first-principles electronic structure calculations of a prototype BiAg2 surface alloy, which is a well-known material realization of the Rashba model. In addition to the nonmagnetic ground state situation, we also study the case of in-plane magnetized BiAg2.