Employers may choose to handle payroll in-house or outsource to a payroll provider. It is important to ensure that payroll in Latvia is processed accurately and on time to avoid penalties and legal issues. You can seek the services of our company formation agents regarding payroll services in Latvia. Besides this, if you need any other accounting…
Taxation is a complex thing to understand, so, it is important to get help from experts. If you are a foreigner in Latvia, you are advised to get in touch with our company formation agents to learn about taxation, because it is crucial to comply with taxation in the region if you…
If you want to open a cryptocurrency company in Latvia, it is advised to get local assistance in this regard. In this country, the issuance and usage of cryptocurrencies are unregulated and unlinked to any national currency. Furthermore, cryptocurrency cannot be deemed an official currency in Latvia. Our company incorporation specialists will not…
One of the first recommended steps to complete when moving to Latvia is to open a bank account. With numerous options in terms of banks and financial services, setting up an account today is quite easy. If you have recently moved or started a business and want to open a bank account in…
Tax minimization in Latvia, sometimes referred to as tax optimization, encompasses a set of lawful practices aiming to reduce the overall tax burden for a company. An important distinction is made between tax minimization and tax evasion as the latter is an illegal practice that is based on avoiding the…
Import and export in Latvia is an important part of the country’s economy and export growth has had an important contribution to the country’s positive evolution, along with the rapid development of the services sector. Investors who open a company in Latvia that engages in export and import activities need to observe both…
A holding company is a legal entity that does not engage in specific business or commercial activities but holds stock in other existing companies. It can be seen as a parent company with enough stock percentage to have voting rights in other corporations. This is a guide on how to open a holding company in…
A liaison office in Latvia, also called a representative office, is a manner in which a foreign company can establish a channel of communication or representation between its main offices located in another country and the business parties and/or clients in Latvia. With the help of our company formation agents in…
The General Data Protection Regulation is an EU law that is applicable in all member states starting with May 2018. The main purpose of this unifying law is to provide the same conditions for the protection of personal data at a European Union level. All companies in Latvia will have to comply…
Riga is Latvia’s capital, it’s cultural and business center. It is one of the key economic centers in the Baltic region and the Riga Port is one of the largest in the area, making the city ideal to base trade businesses. Company formation in Riga consists of a series of steps, all…
