All companies must be registered in the Commercial Register of The register of Enterprises. For companies to achieve legal status, their founders shall prepare and submit to the Register of Enterprises a foundation agreement and articles of association, together with receipts that confirm payment of registration duty and for the publication of an announcement in the official newspaper “Latvijas Vēstnesis”. Registration duty depends on the chosen form of business. More…
Agencies such as Moody’s Standard & Poor’s, Fitch have evaluated Latvia as Stable place for investments. Latvia has signed bilateral agreements for the promotion and mutual protection of investments with 43 countries. The agreements grant safety and protection to investments made in real estate, intellectual property, shares or any other form of investment, prohibiting the application of unreasonable, discriminatory or arbitrary measures to investments by the other contracting State and direct or indirect expropriation or nationalization. More…
Mergers, divisions and changes in the form of Latvian companies fall under the reorganization rules. Here is the summary of main legal points which must be taken into account in reorganizations in Latvia. More…
From the 8th of 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 liquidation of the company or creation of a new legal entity in another Member State. SE may transfer its registered office not only within the EU, but also to Iceland, Norway and Liechtenstein, which are not EU Member States. Registration of a SE in Latvia is performed by The Register of Enterprises. SE is treated like Public Limited Company (PLC) and is governed by the regulations of the respective Member State on operation of such companies. More…
According to the Commercial Law, local and foreign companies may establish branch offices in Latvia. More…
A partnership is a business entity in which two or more persons (members) have united, on the basis of a partnership agreement to perform commercial activities utilizing a joint company name. The Commercial Law provides for two forms of partnership: general and limited partnerships. Both can be established by two or more persons. More…
As Latvia is new country there are many possibilities to set up companies for different business types. Latvia is in EU, Schengen, soon there will be used euro in daily transactions as only currency, good geographical position, the smallest Corporate Income Tax in EU etc and many other reasons are motivation to start business in Latvia. On the basis of comparative advantages of Latvia, there are seven sectors with high-potential for foreign investments. More…
