Various law and business articles
List 2
How to employ foreigner in Latvia
Vacancy notice If the employer wants to employ a third-country national in his or her company, a vacancy notice should be submitted to the State Employment Agency. Vacancy should be unoccupied for at least a month before the day when the employer submits a request on the confirmation of the…
Introducing eID card in Latvia
Identity card or an electronic identity card (eID) is a personal identification document that verifies the identity and legal status of its owner. Each person, who is registered in the Population Register, can obtain an identity card according to his or her legal status. An identity card for children under…
European Company in Latvia
Legal status and regulation As of 8 October 2004 it is possible to establish a new type of undertaking in Latvia – a European Company (Societas Europaea – SE), which can transfer its registered office from one EU Member State to another without winding-up of the company or creation of…
Obtaining a licence to open a pharmacy
The following three types of pharmacies may be opened in Latvia: a) General or open type pharmacies – These pharmacies are permitted to pack medicinal products. This type of activity is allowed only in branches of pharmacies that have pharmacists. – Also, packaging of medicinal products upon receipt of a…
Micro-enterprise tax in Latvia
Regulatory framework. The activities of micro-enterprises are governed by the Micro-enterprise Tax Law. Criteria for a micro-enterprise The entrepreneurship must be implemented in the following forms: • individual undertaking; • individual enterprise; • farm or fish farm; • natural person registered at the State Revenue Service (SRS) as an economic…
Value Added Tax registration in Latvia
Regulatory framework. Registration of Value Added Tax (VAT) taxable persons at the State Revenue Service (SRS) is governed by the Law on Value Added Tax listing VAT taxable transactions and their taxable value, as well as by the Cabinet Regulations No. 933 “Procedures for the Application of Provisions of the…
The process of company restructuring
Company restructuring process 1. In compliance with the Article 357 of the Commercial Law, a draft decision on restructuring is prepared containing the information referred to in the Paragraph 2 of the Article 338 of the Commercial Law, also indicating the type of the acquiring company. The decision is then…
Investing in real estate in Latvia
The amount of investments in real estate in Latvia for the purposes of residence permit are now equal throughout all the the administrative divisions.
Work permit in Latvia
Short-term entry and employment-based residence If the employment of a foreigner entails short-term or occasional residence in the Republic of Latvia not exceeding 90 days within a 6-month period, the foreigner must obtain a visa or temporary residence permit and a work permit. This condition applies also to foreigners who….