The procedures involved in providing buildings, infrastructure, industrial facilities, and other operations from conception to completion are referred to as construction. Construction often begins with planning, funding, and design and continues until the asset is completed and ready for use; it usually includes repairs and maintenance, as well as any expansion, extension, or reconfiguration of the asset. enhancement work, and finally deconstructing, dismantling, or decommissioning the asset.
The building industry makes a considerable contribution to the gross domestic product of many countries (GDP). In 2012, global construction spending was estimated to be around $4 trillion. The construction business now spends more than $11 trillion each year, accounting for almost 13% of global GDP. In 2030, this spending is expected to reach $14.8 trillion.
Although the building business fosters economic development and provides several non-monetary benefits to many countries, it is one of the most dangerous.
Foreign investors interested in forming a company in Latvia are drawn by the country’s financial stability, its business-friendly environment, and the variety of company kinds available to them. There are, nevertheless, some enterprises that require special permits or licenses.
In Latvia, special permits are valid for one to five years. There are also special permits that can be issued for a limited time. Depending on the activity to be done, licensing fees might range from a few euros to a few thousand euros. Because Latvia lacks a centralized register in which all economic operations are registered, the procedure may differ depending on the type of business and the particular permit required.
The construction permit in Latvia
The construction permit is one of the most frequently requested special licenses in Latvia, as the standards for constructing a structure are crucial in protecting people. Latvia made the procedure of getting building licenses easier by shortening the period between the submission of paperwork and the issue of the permit, as well as removing the Public Health Agency from the equation. The following are the steps to obtaining a Latvian building permit:
- obtaining the construction conditions from the Municipal Building Board;
- obtaining the technical demands from the Latvian Environment Agency;
- obtaining the technical demands from the Riga Water Company;
- obtaining the approval for the architectural plan from the Riga Water Company;
- obtaining the final permission for the architectural plan from the Municipal Building Board;
- obtaining the building license and the water and sewer connections from the Municipal Building Board;
- obtaining building measures from the Special State Institution;
- permitting the Acceptance Commission to assess the structure;
- registering the structure with the Latvian Land Register