Taxpayers in Latvia
A taxpayer is a natural person, business, or other entity that must pay taxes. The government has assigned an identifying number to each taxpayer in Latvia. In addition to many other kinds, there are taxes in Latvia that are levied on real estate owners, including income taxes and property taxes. Latvian taxpayers People who pay […]
The Cross-Border Merger of Stock Company in Latvia
The cross-border merger is a result of a company in Latvia merging with a commercial company registered in another member state of the European Union, Iceland or Liechtenstein. The provision of the commercial law relating to the merger of capital companies is applicable in the case of cross-border companies; thereby taking into account the specific […]
Open a fast-food restaurant in Latvia
Today, Latvia is a developing nation in many ways, with great business potential because of its favorable position. The decision to open a restaurant in Latvia is wise, and it could be a profitable one. It’s crucial to be fully aware of all the essential aspects and risks, though. Every year, hundreds of thousands of […]
Tips when buying a ready-made company in Latvia
The term “ready-made company,” also referred to as “Shell Company,” “preliminarily formed company,” “seasoned company,” or “aged company,” designates a Limited Liability Company (LLC) or partnership that has not undergone any effort and has been placed directly on the shelf to age or is similar to an empty shell. A ready-made business typically has a […]
Information regarding working conditions and job terms in Latvia
Working time, as used in this law, is defined as the time from the start of work until its conclusion during which an employee performs work or is available to the employer, excluding breaks. Working process rules, shift schedules, or an employment contract must specify the start and conclusion of each workday. Regular working time […]
Start a construction business industry in Latvia
The procedures involved in providing buildings, infrastructure, industrial facilities, and other operations from conception to completion are referred to as construction. Construction often begins with planning, funding, and design and continues until the asset is completed and ready for use; it usually includes repairs and maintenance, as well as any expansion, extension, or reconfiguration of […]
Everything you need to know about a foreign branch office in Latvia
Located in the Baltic region, the republic of Latvia provides foreign investors access to one of the largest markets in the world. With the numerous incentives available for business owners doing business here, it is no surprise that foreign investors choose to set up branches of their companies in the republic for running regional operations. […]
A merger of foundations guide in Latvia
Persons, corporations, or associates with akin purpose, working toward achieving it, found foundations. Registering a foundation within this country requires a minimum of two individuals as founding members and takes seven days to process. A foundation is a form of organization, which engages in limited commercial activities to raise its revenue. The main source of […]
Change the name of an association
An association is a form of a non-profit organization usually established by persons with the same ideas and missions, always stated in its Statute. It is easy to set up an association in a country; all one needs to do is register with the Enterprise Register and submit the necessary documents. After starting an organization, […]
Escrow Bank Account opening in Latvia
An escrow account is a contractual arrangement; this is where a third party which is either the stakeholder or escrow agent receives or disburses money or property for primarily transacting for the parties with the disbursement dependent on a condition. It is also an arrangement made under contractual provision whereby an independent third party which […]