Guide on changing the purpose of a foundation
Foundations are charitable entities founded by a person or union of people and operated by the funds set up for their management. The registration of a foundation into the register of associations and foundations must be done by the true beneficiaries who can all or a part of them form the management board. A foundation […]
Registering as a VAT payer in another EU member state
It could be necessary for businesses that operate throughout the European Union (EU) to incorporate their company with a VAT id in another EU nation. The standards for this differ from nation to nation but are dependent on the EU’s Regulation, which each participating country should incorporate into domestic law. Essential to register The conditions […]
Required licenses for financial and insurance activities business in Latvia
Latvia is a tiny developing market with a limited financial system and little local demand for goods from the global financial industry. The Latvian banking sector is split into two groups: domestic-focused institutions, which are mostly comprised of subsidiaries of Scandinavian institutions, and non-resident-focused banks, which are not closely connected to the home market. Most […]
Changes in the information of a Sole Trader in Latvia
To change any personal data, it must be effected by the enterprise register ensuring that the information is correct. The Information regarding the merchant such as given names, personal identity numbers with the personal identity code of the Republic of Latvia, and others are applied for and necessary documents are submitted to the enterprise register. […]
Healthcare industry in Latvia
Recent budget cutbacks and restructuring of Latvia’s healthcare system are intended to improve efficiency and pave the way for the introduction of more private healthcare choices. The mix of highly skilled workers, affordable prices, and top-notch facilities is what gives the industry its promise. With Latvia’s reputation as a spa destination, its accessible location, and […]
The electronic declaration system in Latvia explained
The State Revenue Service (SRS) of Latvia’s Electronic Declaration System (EDS) is an information system that has been made available for widespread usage in compliance with the security guidelines for using the Internet network. The technology is offered to greatly expedite and simplify the data exchange procedure between the SRS and taxpayers, enabling the submission […]
Vehicle taxes in Latvia
Vehicle Registration Tax (VRT) must be provided in most instances when a motor is certified in the nation. When a car is certified, a number plate is also approved. Except for tractor-type equipment, wagons with a combined weight of fewer than 3500 kg, trollies, off-road machines, winter motorbikes, scooters, and bikes, all automobiles are subject […]
Changes in the council of a Stock Company in Latvia
It is important while deciding on the changes in the composition of the council, that the decision is taken in the meeting of shareholders. And that the composition thereof does not exceed what is mentioned in the Statutes. A council of a Stock Company (AS) is appointed to power for 5 years, unless where the […]
Latvian Limited Liability Company moving a company address to another country
The transfer of the listed office of a capital company from Latvia to another Member State of the European Union is understood as a cross-border reorganization. As a result, the company continues to operate in another EU Member State but is barred from the marketable register in Latvia. The Enterprise Register doesn’t check whether the […]
The most common business trademark mistakes to avoid
A business spends a lot of effort developing its identity. The terms, slogans, logos, and/or graphics that distinguish a company’s goods or offerings are referred to as trademarks, which are interchangeable with service marks. The seven trademark faults listed below should be avoided during the logo filing procedure. Not hunting for identical marks On the […]