Starting an accommodation business in Latvia
The hospitality industry is a leading industry in the economy and the top source of employment globally. In the republic, this industry is a growing sector of the economy thanks to its attractive location, natural resources, rich heritage, culture, etc. The accommodation industry is fast growing with the opening of new hotels, estates, apartments, and […]
Start a hotel business in Latvia
One of the most important sectors of the global economy and one of the largest in terms of employment is the hotel sector. The hospitality industry creates jobs in all nations, including those where unemployment is at a critical level. The tourism and hospitality sector of the economy of Latvia is expanding quickly. Geographically advantageous […]
Franchise opportunities in Latvia
The nation of Latvia, located in the northeastern part of Europe, is home to 1.95 million people, with more than 70 percent of them residing in urban areas. The greatest number of commercial prospects can be found in the country’s most populous cities, such as Daugavpils (population 112,000) and Riga (population 773,000). Latvia is distinguished […]
Everything you need to know about crowdfunding
Crowdfunding is a terrific method that can be used to raise money for your small business. However, not all projects that use crowdsourcing are successful in raising the money they need. Only a small fraction of successful crowdfunding projects who make optimal use of crowdfunding marketing can raise the amount of money they originally intended […]
Required licenses for public administration and defense business in Latvia
Companies require a certificate of registration issued by the Enterprise Register before they can carry out business activities. According to Commercial Law, all businesses must be registered in the trade register for record purposes. Different kinds of legal structures are allowed to operate in the country, partnerships, branch offices, foreign representative offices, stock companies, limited […]
Required licenses for Entertainment and Recreation business in Latvia
To operate a business in the republic, a business owner must register with the Commercial Register. There are different forms of business entities allowed to engage in commercial activities in the country. A common type is the limited liability company (LLC or SIA). This is a company whose equity consists of all its nominal value […]
Foreign Direct Investment in Latvia
Following Latvia’s accession to the EU, FDI swiftly increased, reaching a high of EUR 20.9 billion in 2021. The favorable geographic location of Latvia between the EU and the CIS countries, its sound monetary policy, the emergence of new market opportunities for foreign investors, and its well-developed infrastructure were the main drivers of FDI inflow. […]
Latvian Taxpayers’ Service Department
The State Revenue Service created a department called the International and Large Taxpayers Service Department to cater to exceptional taxpayers. Such segmentation serves to represent certain sectors, provide taxpayers comprehensive assistance, and make a significant contribution to the State budget. Improved communication between tax authorities and taxpayers is one benefit at the national level, which […]
List ok banks in Latvia
The Bank of Latvia is the country’s central monetary authority, having been established in 1922. The Latvian central bank seeks to maintain price stability by the European Central Bank’s and other Eurozone central banks’ functions and objectives. It also supervises Latvian banks and provides advice to the country’s Parliament and Government on monetary policy development […]
Advantages of a Ready-Made Company
Shelf companies are another name for ready-made corporations. In a sense, as the name implies, it has been “put on the shelf,” i.e., it is not in use. Except for making annual tax payments to remain a registered firm, which is required by Latvian law. In Latvia, a shelf company is a legal entity that […]