Value Added Tax refund to taxpayers of the United Kingdom in case of Brexit
Following Brexit, the UK tax department has proposed modifications to the procedures for UK companies to recover the VAT they have already deposited in the EU. Similar changes have been made to how EU-based companies can recover the tax they paid in the UK. On March 31, 2021, the previous agreements to use the EU […]
Latvian Limited Liability Company cross-border merger
The Latvian marketable law states that a merger is a sale in which the acquired company ceases to continue without going into liquidation, and its assets and liabilities are transferred to the acquiring company. Cross-border mergers may take two forms, consolidation, and acquisition. The acquisition is the process whereby the acquired company transfers its assets […]
Division of a foundation guide
Founding an organization such as a foundation needs at least two individuals, enterprises, or associates with related goals. The purpose of foundations is stipulated in their articles of association drafted by the board. The registration of organizations takes a maximum of seven days to process. Founders of organizations can choose to reorganize because of specific […]
Latvian Employment Laws
According to Latvian labor law, if an employee is posted to perform work in Latvia, regardless of the law that applies to the employment contract and employment legal relationships, such posted employee is entitled to the working conditions and employment provisions outlined in Latvian regulatory enactments, as well as collective agreements that have been recognized […]
Changing beneficial owners of an association
Associations are formed by a group of persons or entities with similar goals known as beneficial owners or true beneficiaries. To establish an association in the country, it must be registered in the Enterprise Register by filling out an application form with the authority in charge of the Commercial Register. While existing and carrying out […]
Everything you need to know about a sole trader in Latvia
Investing and doing business in the republic is one of the best decisions a foreign investor can make. As an EU member country, it offers better opportunities than most countries in Europe. Aside from the availability of materials, and skilled and abundant labor, doing business within the territory comes with benefits such as a wider […]
The company registration process in Latvia
In Latvia, establishing a business is rather simple. You must submit the necessary paperwork to the Latvian Enterprise Register before opening a bank account in the company’s name once it has been registered. You’ll probably also need to obtain a VAT number. Choice of the company for preparation and submission of registration documents Latvian Enterprise […]
Changing the name of a Sole Trader in Latvia
For a merchant to change a name, they have to apply for an entry in the commercial register. The document involved in the process to effect this change include: The KR18 Application form A copy of a receipt, a bank payment printout, or any other document It should also be important to note that the […]
Guide on selling a business
If you’re prepared to sell your firm, there are specific measures you need to take. You should begin taking those actions right away, even if you’re only considering selling your company. This is because you’ll need specific and thorough data to back up the worth and cost you assign to your company. Additionally, you will […]
Required licenses for scientific and technical activities business in Latvia
The scientific and technical activities sector is made up of organizations that focus on doing specialized, academic, and technology work for other people. These jobs need a high degree of expertise and understanding. The license in these fields allows for the provision of personal financial reporting, recordkeeping, and payment processing services, as well as structural, […]