Reasons to write a business plan
The business plan is often viewed by entrepreneurs as an outdated document that is primarily written with VCs and bank loan officers in mind. Rarely do bootstrappers believe they need one to survive. However, a business plan, even if it’s simply a one-page document with a few financial estimates, can be a useful internal tool. […]
Start an Agriculture Business in Latvia
There are many cornfields cultivated by foreign farmers in Latvia, and further projects for the creation of farms and pig farms are underway. Latvia has a lot of undeveloped territories, low production costs, and a big Russian market right next door. Many farmers who have invested in Latvia and built modern and efficient farms have […]
Manufacturing business ideas
For entrepreneurs interested in small-scale startup ideas, there are numerous small-scale manufacturing opportunities. Here are a few possible small manufacturing business concepts to consider. Making of toys Toys can be constructed from a wide range of materials and are often rather small. They might therefore be excellent items for small manufacturing companies to concentrate on. […]
Required licenses for electricity, gas, heating, and air conditioning business in Latvia
As a nation, Latvia has always made an effort to reduce its energy use. The economic stability, business-friendly culture, and range of viable ventures in Latvia all attract foreign companies interested in setting up electricity, gas, heating, and air conditioning services or businesses there. However, certain businesses need unique permissions or licenses to operate. How […]
Personal income tax payment dates
The calendar year is the taxable period. No matter where they live, anybody in Latvia who earns a living must pay municipal taxes. Permanent residents are subject to global income tax, but foreign nationals who live and work in Latvia are only subject to local earning tax. Employers may deduct income, which they then send […]
Changing the name of a European Company in Latvia
The Company Law of the Republic of Latvia allows foreign companies to change the name and title of the companies, provided the statutes are amended accordingly at the same time. The updated statutes shall then represent the firm and the merchant thereon. The Law also allows members/stakeholders to vote in person or remotely on this […]
VAT refund to companies registered in third countries
The Value Added Levy Law governs VAT returns to non-residents who are incorporated in third nations and who return value-added duty for the products acquired from them. Each nation has its laws and regulations governing how to claim taxes. Everything you require to know about VAT returns in third-party countries is covered in this article. […]
Latvian branch office change of documents of the foreign company
In the contract act of objectification, the changes must be applied for entry in the marketable register If a foreign merchant added the information in documents submitted in the enterprise register similar to merchant papers of association. Below are the demanded documents that are required for the change of documents. Register of enterprises There’s a […]
Green technology market overview in Latvia
The most advanced scientific and technological advancements are combined in green technology to protect the environment. It is the generation of clean energy utilizing alternative fuels and less damaging technological advancements. The future of technology is green. The ecosystem is safeguarded, and sometimes the harm caused by earlier generations is even undone. Because of climate […]
Starting a tourism industry business in Latvia
Latvia is one of the three Baltic states, situated on the eastern shore of the Baltic Sea, between Estonia and Lithuania, north and south respectively. The country is also bordered by Russia to the east and Belarus to the southeast, and it shares maritime borders with Sweden to the west. It has an area of […]