Application of tax rebates in Latvia
When paying a non-resident, tax refunds must be applied in the following ways: Corporation income tax withheld If a legal person is paid by a non-resident who does not have a permanent presence in Latvia, corporate income tax is applied at the tax rate specified in the law on corporate income tax. Corporate income tax […]
Reasons why you should use company formations agents in Latvia
Individuals considering forming a business may be overwhelmed by the numerous papers, procedures, and processes required in doing so. This is where business formation agents may help. They aim to make the process of starting a new business as simple as possible for you. It is then vital to go over the following reasons why […]
Guide on franchising your business in Latvia
Have you considered franchising your business concept? A franchising program can be a fantastic method to expand your business quickly. However, there are other steps involved in starting a new franchise. Because of this, it can be beneficial to take advice from others who have already been through the procedure. Tips for franchising your business […]
Change the purpose of an association
An association is an entity formed by a group of persons having similar goals whose objectives are stated in its articles of association. To register an association in a country, the true beneficiaries have to register with the Enterprise Register. After establishing an association, changes can still be made to certain information or parts such […]
Understanding payroll in Latvia
A stunning nation in the Baltics, Latvia is well-known for housing several endangered species, including the black stork and European wolves. The Baltic region charms both its residents and foreign companies who decide to establish operations there. With a corporate business tax of 15% and a welcoming attitude toward immigrants, Latvia demonstrates its business support. […]
Procuration of a Stock Company in Latvia
To procure a stock company in Latvia, the governing board of the company has to issue a certain statement of intent. During the procurement of the stock company, joint procurement can be granted to several people at a time. The joint procurator issues the right of representation to procure the stock company to at least […]
Benefits of a shelf company
The shelf companies offer essential advantages across the board. The shelf company is a cutting-edge business. It doesn’t do anything. It was constructed, then left unfinished, and put on the shelf over time. The corporation may be sold to an individual or a group of people. They want to establish a new corporation without following […]
The most common startup financing mistakes to avoid
Any organization, regardless of size, must practice sound financial administration. Getting the basics sorted, though, can be challenging, especially in the early stages of a business. One of the main causes of startup failure is poor financial management, therefore the faster you take control of your company’s finances, the better. Planning carefully can prevent frequent […]
Solopreneur business ideas
Some tiny companies need a team. However, it is possible to launch your own business and manage it alone. Here are some suggestions if you’re prepared to launch your own company and desire the independence and financial savings of a solopreneur. What is a Solopreneur Small company proprietors known as solopreneurs run their companies on […]
Start a Health Care Industry Business in Latvia
Health care is the process of preventing, diagnosing, treating, ameliorating, or curing disease, illness, accident, and other physical and mental problems in persons. Medical and allied health specialists give care. Health professionals include doctors, dentists, pharmacists, midwives, nurses, optometrists, audiologists, psychologists, occupational therapists, physical therapists, athletic trainers, and others. It includes primary care, secondary care, […]