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 […]
Registration of new company in Latvia
Starting a business in the country is quite easy and lucrative. With the numerous incentive policies introduced by the government for the benefit of foreign investors and local business owners, the prospects of setting up a company within the republic are limitless. Once one has a business idea, there are different companies to choose from […]
Company registration authority in Latvia
The Register of Enterprises in the country is the authority in charge of registering companies within the territory. The Enterprise Register enters companies, business owners, branch offices, and representative offices as well as changes in certain information. It also registers commercial pledges, associations, foundations, public-private partnership agreements, trade unions, etc. Business owners can request information […]
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 […]
Franchise opportunities in Latvia
The nation of Latvia, located in the northeastern part of Europe, is home to 1.95 million people, with more than 70 percent of them residing in urban areas. The greatest number of commercial prospects can be found in the country’s most populous cities, such as Daugavpils (population 112,000) and Riga (population 773,000). Latvia is distinguished […]
Foreign Direct Investment in Latvia
Following Latvia’s accession to the EU, FDI swiftly increased, reaching a high of EUR 20.9 billion in 2021. The favorable geographic location of Latvia between the EU and the CIS countries, its sound monetary policy, the emergence of new market opportunities for foreign investors, and its well-developed infrastructure were the main drivers of FDI inflow. […]