Craft business ideas
One of the key components of a successful business may be one of your artistic talents or crafting interests. You have a ton of different business prospects at your disposal that let you market your crafting abilities in numerous different ways. Clothing designer Like that, you can design a wide range of unique apparel items […]
Required licenses for wholesale and retail trade business in Latvia
Wholesale and retail enterprises may register and get licenses using procedures that are quite similar to those used by industrial businesses. Traders are required to open a bank account, pay the registration fee, and get a tax identification number. In addition, the trader must provide the relevant paperwork, along with all pertinent details, to the […]
Requirements to set up a company in Latvia
In Latvia, forming a business is rather simple. After the company is registered, you must submit paperwork to the Latvian Enterprise Register and open a bank account in the firm’s name. You’ll almost certainly need a VAT number as well. This guide teaches all you need to know about starting a business in Latvia. Preparation […]
Engineering and Metalworking market overview in Latvia
Given that Latvia served as one of the high-tech manufacturing hubs for the Soviet military and aerospace industries, metal processing and engineering have traditionally been among the major industrial sectors in the nation. The industry’s excellent R&D competence, trained and economical staff, access to markets in the west, and metal supply from Russia are some […]
Benefits of starting a business in Latvia
As a tiny nation in Northern Europe, Latvia is renowned for luring businesspeople. Its vitality is greater than that of many other nations, even though it is a tiny nation. There are a lot of skilled professionals, and most people are proficient in two or three languages. Additionally, it is quite near to important markets […]
Subsidized electricity tax
The creation of a new “Subsidized Energy Tax” has received approval from the Latvian Council of Ministers. Firms getting financial assistance for energy production from CHP or alternative electric power resources will be responsible for paying this levy. This charge is intended to make up for the rising cost of the compulsory procurement element for […]
Amendments to the articles of association of a Stock Company in Latvia
The articles of association set the most relevant principles for operating under an amendment to the statuses made to the enterprise register, it takes 14 days from the adoption of the decision. According to commercial law, the members or shareholders are bestowed with the right to participate and vote before the meeting or remotely at […]
Transformation of sole dealers, farms, and fishing undertakings into LLC in Latvia
The individual company, as well as the farm of farmers or fishers, has the right to change the company into a limited company. The proprietor shall draw up a draft decision on the reorganization and a draft of the papers of association of the limited company. The amended company must initiate the reorganization process by […]
Start a transportation business in Latvia
The transportation industry is one of the most significant in Latvia because of its small natural resource base and advantageous placement between the EU and sizable markets to the east. A special asset for this industry is Latvia’s terrain, infrastructure, closeness to Russia, and relationships with other former Soviet-occupied nations. The industry has experienced a […]
Everything you need to know about Foreign Representative Office
A foreign representative office (FRO) is a common type of entity in which foreign companies establish a presence in a foreign country. One benefit of setting up this office, which makes it a popular choice amongst business owners and investors, is the relatively short time it takes to register the entity anywhere in the world. […]