Corporate governance practices in Latvian companies
Ensuring openness, accountability, and safeguarding the goals of stakeholders within firms is contingent upon the implementation of corporate governance. Latvia has strengthened its corporate governance procedures and brought them into compliance with global guidelines in the last several years. The goal of this essay is to present a thorough examination of Latvian enterprises’ existing business […]
Benefits of outsourcing accounting and bookkeeping services in Latvia
The idea of contracting out a portion of a business’s daily operations has been shown to be a successful way to raise performance in many nations. Several businesses find it helpful that all sections that are not directly connected to a company’s main line of business should be eliminated. The list also includes tasks like […]
Company dissolution and liquidation in Latvia
The process of dissolving and liquidating a company can be complicated, requiring careful thought and respect for regulatory requirements. For entrepreneurs looking to close their businesses in Latvia, knowing the procedures and regulations is essential. This article gives a thorough overview of the process by describing the six steps involved in dissolving a company and […]
Business networking and collaboration opportunities in Latvia
It is no longer sufficient for enterprises to function independently in today’s competitive business environment. Collaboration is rapidly becoming a fundamental driver of success, with organizations understanding the advantages of working together to accomplish their objectives. This is especially useful for cooperative marketing activities, manufacturing of products, or importing items, where expenses may be pooled […]
Building strategic partnerships with Latvian businesses
Strategic partnerships are nothing new. Corporations have been collaborating for decades, with corporations such as Spotify and Uber, and McDonald’s and Coca-Cola collaborating for mutual advantage. Although some of these organizations seem to have nothing in common, the finest strategic alliances discover innovative methods to reach new audiences and perhaps enter new industries. When two […]
Benefits of establishing a virtual office in Latvia
The advancement of the internet and communication technology has made doing business remotely more straightforward. The upkeep of a specialized office and expensive rent are no longer necessary for a firm to be present in a foreign market. Due to the accessibility of remote communications, business owners often resort to setting up virtual offices of […]
Choosing the right business structure for your company in Latvia
Choosing the right business structure is one of the most important choices you will have to make when starting a company in Latvia. Your company’s corporate structure decision will have a big impact on a lot of different things, such as liability, freedom to operate, taxation, and regulatory requirements. We shall examine the various company […]
Business ethics and anti-corruption practices in Latvia
In the Corruption Perceptions Index 2021 published by Transparency International, Latvia came in at number 39 out of 180 nations, indicating a moderate degree of perceived corruption. The government has been working hard to combat corruption and raise the status of the nation. A transparent and sustainable business environment is strongly supported by ethical business […]
Building a strong employer brand to attract talent in Latvia
Employers can easily find workers, but the most qualified candidates in the labor pool are aware of their value and are less likely to take the first job that comes their way. Instead, they seek an employer with a recognizable and reliable brand. How then can you concentrate on luring in and keeping top-notch applicants […]
Benefits of establishing a research and development center in Latvia
As part of the development of the European Research Area (ERA), Latvia is putting in place measures to align its research system with that of other member states of the EU. This is also to enhance its efficacy in accordance with international standards. There is a need to raise R&D expenditure and encourage the renewal […]