Manufacturing is the process of creating or producing goods employing labor, equipment, instruments, pharmacological or microbiological treatment, or composition. The secondary industry of the Latvian economy is supported by it. The main Latvian exports include furniture and wood products, electronics, hardware, steel, textiles, and consumables. The manufacturing of chemicals and medications has grown more and more important in the twenty-first century. Choose one of the aforementioned industries if you want to start a manufacturing business in Latvia.
Establishing the Latvian manufacturing enterprise
The world’s 14th most business-friendly nation is Latvia. Among the corporate forms used in Latvia are LLC, Sole Trader, Joint Stock Company, Partnership, and Branch Office. You may decide which kind best fits your manufactured product.
Obtaining a Latvian manufacturing license
To create a manufacturing business or get a manufacturing permit in the nation, you must complete some paperwork, all of which are available on the Enterprise Registration Portal. You’ll need someone to perform the transcription for you, or you may pay a lawyer to do it. If you have any Latvian-speaking friends who have worked in business, you’re in luck since the template forms contain instructions for those who are not Latvian citizens. Throughout the license purchasing procedure, you would need assistance from someone. Many businesses focus on helping foreigners who wish to launch manufacturing businesses in the nation. They can provide you with advice on the benefits of manufacturing in Latvia and any necessary permits.
Documents needed for Latvian manufacturing licenses
To get a license, you need to provide the following paperwork:
- an identity passport
- bank statements
- tax IDs
- product information
- trademark registration information
- business name
- founders’ information
A police certificate stating that the applicant has a spotless criminal record may also be required by the authorities in addition to these documents. The company is required to get the required permits before starting a business in Latvia. In Latvia, the majority of industrial permits are issued by the State Environmental Services and Maritime Safety Inspectorates.
Metal scrap license
Manufacturers must get the Permit for the Acquisition of Heavy and Nonferrous Metal Scrap and Wastages in the Republic of Latvia. Scrap is made up of recyclables that are left over after things are produced and used, including vehicle components, building supplies, and surplus materials. Contrary to popular belief, scrap is not only rubbish; non-metallic things are also gathered for reuse and have a financial value, especially recycled metals. The holder of this license is permitted to transport recyclable garbage from one location to another.
Permission to engage in harmful behavior
Permission to carry out Category A and B polluting activities is another sort of industrial permit in Latvia. The license contains limits on some polluting activities as well as a notification requirement about the firm’s environmental impact. In Latvia, emitting activities are categorized as A, B, or C. When it comes to large-scale activities, Category A polluting exercises are distinguished by significant contaminating conduct and stronger pollution prevention, while Type B polluting exercises are modest in size and have somewhat lower carbon emissions standards. Because the anticipated environmental effect is little or insignificant, modest power firms fall within the C category of polluting activities, for which getting a permit is quite straightforward.
License for greenhouse gas emissions
With the aid of a greenhouse gas release license, the owner is allowed to carry out certain activities that result in carbon dioxide pollution from the defined output sites. Additionally, it outlines the requirements for monitoring and reporting such pollutants.
Licenses for Latvia’s manufacturing sector
By the organizations that grant them, the following is a list of the licenses needed by Latvia’s manufacturing sector:
State Environmental Service
The following licenses are issued by the State Environmental Service:
- permit to acquire waste and scrap metals, both ferrous and non-ferrous
- permits for carrying out Category A, B, and C harmful activities
- permit for greenhouse gas emissions
- special authorization for handling cold agents
- permission to buy or sell goods with higher levels of organic solvents.
Maritime Safety Inspectorate of the Maritime Administration of Latvia
The following licenses are issued by the Maritime Safety Inspectorate of the Maritime Administration of Latvia:
- Shipbuilding, Design, Modernization, and Repair Certificate of Conformity
- Periodic examinations of ship safety equipment and its upkeep, repair, and modernization
State Railway Technical Inspectorate
The State Railway Technical Inspectorate issues safety certifications to those who, on behalf of the carrier or railway management, monitor the necessary technical procedures.
State Revenue Service
The State Revenue Service grants the following licenses:
- Permission to buy alcoholic drinks subject to excise taxes
- Purchase authorization for denatured alcohol
- Details on buying petroleum products for use in chemically treating coke
- Information on the dual or additional uses of petroleum products
Assay Office of Latvia
The Assay Office of Latvia grants the permit for listing the location of the firm dealing in precious metals, precious stones, and objects thereof in the register of economic activity.
Agricultural Data Center
The Agricultural Data Center is responsible for granting organizations the status of breeding organizations.
Food and Veterinary Services
The following licenses are issued by the Food and Veterinary Service:
- Authorizations for by-product and derived-product-related activities
- a national food quality system certificate of compliance