Establishing a foundation in Latvia is a relatively straightforward process, and the costs involved are generally lower than in other jurisdictions. But it is still recommended to get the help of experts while setting up a foundation in Latvia in order to avoid making mistakes because you don’t know well…
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…
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…
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…
Businesses are bound to observing certain regulations for accounting, financial transparency and recordkeeping and our accountants in Latvia can help with these requirements. Our extensive experience in the Latvian business and commercial environment means that your company will benefit from professional and sector-specific services, tailored to the needs of your company according to…
The virtual office is a physical address for the business, complete with selected office services, as needed but without the usual costs needed for renting a permanent office space and providing for the same office services. The virtual office in Latvia is an alternative way of setting up a location for…
Starting a business in Latvia implies completing several steps, however, before reaching that part, it is important to choose a legal vehicle under which it will operate. One of the most entities appreciated by local and foreign investors is the private limited liability company (LTD or SIA in Latvian). In order to create…
