Building a strong company culture in your Latvian business
The culture of a firm is its personality. It is defined by a collection of values, beliefs, actions, practices, and attitudes. It distinguishes your firm and drives it to success. So, how can you establish a great corporate culture in your Latvian firm? Here’s how it’s done: Hire following the culture The most successful organizations […]
Benefits and challenges of outsourcing IT services to Latvia
In today’s business landscape, outsourcing has become the preferred approach for modern IT firms to manage various business tasks and bridge project gaps. By leveraging external support, companies can avoid hefty investments in recruitment and internal hiring processes. Over the years, this trend has gained popularity worldwide, and the Baltic nations, including Latvia, were among […]
Building a strong company culture in Latvia
A successful company plan has to be implemented by the entire company workforce. They must work together in unison while being motivated by the same values and goals. In other words, every company requires the right kind of culture—one that binds the teams together and produces the desired results. Culture is a dynamic, living phenomenon. […]
Branding and marketing strategies for companies in Latvia
Businesses utilize marketing and branding to strengthen customer connections and boost revenues. Although both approaches have the same end in mind, how they are applied differs somewhat. Business owners will increase the number of leads they convert into customers by understanding the distinction between branding and marketing. Branding and marketing The term “branding” refers to […]
Advantages of establishing a holding company in Latvia
In Latvia, setting up a holding structure is a terrific method to grow and develop your company. A holding company’s primary objective is to bring together a collection of businesses to manage a shared cash flow and assets. As a result, you may expand your market and raise your company’s capitalization and worth. Aims of […]
Accessing funding and grants for startups in Latvia
Every successful business rides on the wings of money. Money is not only needed to start a business, it is also the fuel that keeps it running. Most start-ups typically last only a few years due to inadequate funding. Securing funding is vital for ensuring longevity beyond the initial years for startups. In Latvia, these […]
Accessing funding and grants for innovation projects in Latvia
Innovation is the engine of social advancement, and obtaining funds and grants is necessary to realize revolutionary notions. Rich in intellectual capability and cultural legacy, Latvia presents a plethora of business and innovation options. This post will walk you through the steps of applying for financial assistance for innovations in Latvia, emphasizing important resources and […]
Required Licenses for Health and Social Services Businesses in Latvia
All businesses in the republic must be registered in the Enterprise Register before they can engage in commercial activities. As stated by the government in accordance with Commercial Law, a company must have a certificate of registration before it can carry out business activities within or outside the territory. Several forms of business entities are […]
Guide on registration of the manager of a commercial pledge
Commercial pledges have to be registered in the register of Commercial Pledges according to the commercial pledge law. Tangible and intangible assets owned by legal persons or stocks owned by corporate entities can be used as the subjects of a pledge. The commercial warlord is in charge of the pledge and shall appoint a pledge […]
Guide on changing the information of a foreign representative office
Foreign representative offices are different from branches of foreign companies. A representative office is registered independently yet it is not recognized as a legal entity. This delimits the function of the RO to being an entry into the republic for the parent company and conducting research and market study. One or more representatives must manage […]