Ultimate guide on starting a business in Latvia as a foreigner
In Latvia, limited liability (SIA) or stock corporations (AS) with share capital operate the majority of businesses. For small and medium-sized firms, a limited liability company is a less onerous option. Private and public stock companies are the two types available. The public may only purchase shares from a corporation with a public stock market. […]
The most profitable business industries in Latvia
With a population of over 2 million people and a GDP valued at USD 23.4 billion, the country is a hub for business owners and foreign investors. It provides investors with a skillful workforce at affordable labor costs and competitive tax rates. Both foreign and local investments are treated equally by the law. The economy […]
Start an insurance business in Latvia
When it comes to the process of incorporating a business, the nation has one of the smoothest and least stressful incorporation procedures, which places it in the top 25 countries in which it is easiest to start a business. When compared to other countries in the OECD, the insurance market in Latvia is relatively underdeveloped […]
Start an IT business in Latvia
When compared to other countries in the region, Latvia ranks among the most advanced in terms of its information technology. The key factor that led to the occurrence of the problem that is the subject of this discussion is the presence of highly skilled IT workers who are also outstanding language speakers and who have […]
Starting an accommodation business in Latvia
The hospitality industry is a leading industry in the economy and the top source of employment globally. In the republic, this industry is a growing sector of the economy thanks to its attractive location, natural resources, rich heritage, culture, etc. The accommodation industry is fast growing with the opening of new hotels, estates, apartments, and […]
Start a hotel business in Latvia
One of the most important sectors of the global economy and one of the largest in terms of employment is the hotel sector. The hospitality industry creates jobs in all nations, including those where unemployment is at a critical level. The tourism and hospitality sector of the economy of Latvia is expanding quickly. Geographically advantageous […]
Required licenses for public administration and defense business in Latvia
Companies require a certificate of registration issued by the Enterprise Register before they can carry out business activities. According to Commercial Law, all businesses must be registered in the trade register for record purposes. Different kinds of legal structures are allowed to operate in the country, partnerships, branch offices, foreign representative offices, stock companies, limited […]
Required licenses for Entertainment and Recreation business in Latvia
To operate a business in the republic, a business owner must register with the Commercial Register. There are different forms of business entities allowed to engage in commercial activities in the country. A common type is the limited liability company (LLC or SIA). This is a company whose equity consists of all its nominal value […]