Guide on liquidation of an association in Latvia
It becomes necessary for a Latvian company to liquidate when it has failed to meet its financial obligations to creditors. The process signifies the termination of business activities and the permanent closure of the association. When a corporation decides to end the business, the owner(s) must remove the existence of the firm from the Companies […]
Changes in the composition of the board or the representation rights of a foundation
A management board is a group elected by the beneficial owners of the entity and charged with managing the operations of the foundation following its articles of association. The board members can be founders of the organization or directors. The board is required to have at least two members and last for a period stated […]
Start a wholesale and retail business in Latvia
Retail refers to the unaltered resale of new and used items by market trade establishments, primarily for use or consumption by the public. According to the Central Statistical Bureau (CSB), Latvia’s total retail sales increased by 15.6% in January 2022, with food retail sales increasing by 5% and non-food retail sales increasing by 33.1%, except […]
Starting an Education Business in Latvia
Education facilitates learning, or the acquisition of knowledge, skills, values, morals, beliefs, and habits, as well as human development. Education originated as a technique of transmitting cultural information from generation to generation. Educational objectives in the current day increasingly incorporate novel notions such as learner liberation, critical thinking about supplied information, modern-day skills, empathy, and […]
Latvian Limited Liability company appraisal of property contribution
The subject of a property donation may be either touchable or untouchable means that are estimated in financial value and which can be used in the company’s business conditioning, except for means that are pure from enforcement under the law. Property benefactions may not be made in installments. The following assets may not be the […]
Everything you need to know about European Companies (SE) in Latvia
European companies known as SE for short are types of a company registered in the Commercial Register and are allowed to move their business address from a European Union member state to another without having to create a new company. A European company can be transferred not only between EU members but to certain countries […]
Amendments to the article of association of an association
Associations are organizations formed by beneficial owners who may or may not be board members of the entities. An association takes seven days to register with the Enterprise Register via the submission of an application form and some documents. It is stated in the Act that without a certificate of registration, no association can carry […]
Tips to improve your business reputation in Latvia
A company’s reputation is essential in today’s environment. While it takes time and works to establish a positive reputation, it simply takes a few poor reviews or a negative press mention to destroy it. Today, reputation management is a vital talent for high-level executives, as a company’s ability to gain consumers and keep them for […]
Benefits of registering a company in Latvia
The government of Latvia supports Latvia’s pro-business environment by making incentives and facilities easily accessible. The nation has also made outstanding advancements in the building, manufacturing, woodworking, and renewable energy industries, opening a wide range of options. In addition to its growth rate, Latvia got a significant amount of foreign direct investments (FDIs) because of […]
Guide on changing the name of a foundation
A foundation is a type of non-profit organization founded by owners having a common interest. Starting a foundation is easy; the only thing to do are registering with the Enterprise Register by submitting the form and other documents. Foundations can decide to make changes to some of their details for instance the legal address, true […]