Global Business Services market overview in Latvia
In Latvia, the Global Business Services (GBS) industry is expanding quickly. Riga, the capital of Latvia, is the new GBS site in Europe. Riga offers competitive conditions and a great business climate for new investors, as well as an opportunity for GBS firms to grow. Currently, Latvia has 50 corporate service centers that employ, on […]
Divestiture without establishing a new company of Stock Company in Latvia
Dividing a company without establishing a new company means that; the company will transfer part of its property to one or several acquiring companies In this event, the company continues to exist and all or part of the shareholders of the company divided become members of the acquiring company following the company’s separation. The reorganization […]
Immovable property tax in Latvia
Immovable property duty is among the federal levies whose regime is constantly changing. The process for calculating taxes, the tax burden, and the tax levels has evolved significantly over time. The common policy changes of fixed real estate taxes have aided in the creation of a new, steady, and reliable technique for the implementation of […]
Latvian Limited Liability company liquidation or termination of activities
The liquidation of SIA at the action of the participants is to be carried out in two phases. This section reads the way of the first phase of the winding-up of the SIA. On the other hand, the arrangements for the conclusion of liquidation and the resumption of operations, and the way of the alternate […]
Electricity tax in Latvia
The tax was implemented in Latvia in conformity with European Commission guidelines and has been in effect since Jan 1, 2007. The Energy Tax Legislation and Cabinet Laws govern the processes for the implementation and management of levies, prices, and the awarding of revenue exemptions and relaxation. Within 20 days after the completion of the […]
Change of the board of a European Company in Latvia
During a company’s lifetime, there are occasions when the management or the stakeholders feel the need to make changes to the board. Since the board, while formation is properly notified and registered with authorities, any suggested changes have to go through a process. While the basic principle is similar in all economies, some countries may […]
Latvian Limited Liability company merger
Divisions, Mergers, and changes in the form of Latvian companies fall under the reorganization rules. The following is the summary of the main legal points which must be taken into account in reorganizations in Latvia. Mergers Merging can take the form of acquisition or consolidation. An acquisition is a process in which the acquired company […]
Guide on closing inactive business
Many different factors can lead to a company closing. Some firm owners do it out of desperation since they are aware that their venture has just reached its end. Others might decide to shut down one firm to launch a new one and concentrate their efforts there. Sealing the entrance and posting an “out of […]
Agriculture business ideas
When starting an agriculture business in Latvia, it is a good idea to see various options. Here are some of the agriculture business ideas: Urban agriculture A large location is not necessary to start an agriculture business. You can still grow some vegetables in tiny or vertical containers in your city or suburban house to […]
Start a Computer Industry business in Latvia
ICT development trends are paving the way for new possibilities. It’s fantastic that this forward-thinking industry – information and communications technology (ICT) – is one of Latvia’s fastest-growing. We are not surprised because Latvia outperforms several other countries. It has the world’s 33rd fastest internet speed (Cable, 2021) and ranks third among OECD countries for […]