Opening a recruitment company in Latvia is a relatively simple process, if the conditions imposed are considered from the beginning. Our company formation agents in Latvia can offer specialized assistance for those who want to open a business in this field. This article presents information about the requirements to open recruitment companies in Latvia.
Table of Contents
What are the main conditions to open a recruitment agency in Latvia?
One of the most important conditions for setting up a recruitment company in Latvia is obtaining an employment service license. This kind of license is issued by the State Employment Agency and allows the recruitment and placement of personnel in the employing companies. Moreover, an employment service license also serves recruitment agencies that deal with foreign staff. Here are some of the requirements for obtaining such a license:
- Presentation of the Certificate of Incorporation of the company in question.
- Proof of tax ID,
- Completing a standard application form,
- Copies of ID/passports of business owners.
Compliance with the conditions for obtaining an employment service license is essential in opening a recruitment company in Latvia. All the procedures involved can be managed by one of our local agents, and the processing time is not long. We have experience in company formation in Latvia and can help foreign entrepreneurs to open a business in the recruitment field.
What types of recruitment companies can you open in Latvia?
Recruitment companies or employment agencies in Latvia can develop various activities in the fields of interest. Here are some of the services offered by such a company in Latvia:
- Recruitment and placement of personnel in employing companies in Latvia.
- Recruitment of foreign staff for work and remuneration in Latvian companies.
- Implementation of recruitment platforms, with job openings, company information, job applications, etc.
- Recruitment services of ultra-qualified personnel for the placement in positions of directors/managers.
- Employee leasing, HR solutions.
Opening a company in Latvia in the recruitment field requires both attention to the competitors on the market, as well as a solid business plan for the niche in which you want to carry out the activities. We recommend you use our services for setting up a recruitment company in Latvia.
Main business costs of a recruitment agency in Latvia
Owners of employment companies in Latvia must get an idea about the main business costs in this sector. Obviously, in exchange for the recruitment services offered, the agency will charge a specific fee. Here are some of the business costs for setting up a company in Latvia in the recruitment field:
- Company formation costs with the relevant authorities in Latvia.
- Rental costs for an office space in Latvia.
- Costs for a business license in Latvia.
- Business insurance costs
- Daily operating costs, etc.
To these expenses will be added the fee of company formation specialists in charge of company incorporation in Latvia. We emphasize that we offer complete services at advantageous prices.
About the labor force in Latvia
We present below some information about employment in Latvia provided by the Central Statistical Bureau and the recent Labor Force Survey:
- Around 64.3% of Latvia’s population was active in the labor field in Q2 of 2024.
- Active workers in Latvia are between 15 and 74 years old.
- Approximately 29% of the total active population in the workforce in Latvia is between 15 and 24 years old.
Starting a company in Latvia also involves other services that can be outsourced. Entrepreneurs can opt for our accountants in Latvia and discover the main services needed for a firm. We invite you to contact us and find out more about how to open a recruitment company in Latvia.