Environmental regulations for companies in Latvia
The Latvian Environmental Protection Law, which was passed in 1991, serves as the foundation for the environmental rules that apply to businesses there. The legislation outlines the fundamental guidelines for ecological protection in Latvia. The Ministry of Environment designates as the principal entity in charge of this task. The Ministry of Environment in Latvia requires […]
Creating a strong brand identity for your Latvian company
Creating an effective brand identity is essential for an organization’s achievement and sustainability in the cutthroat business world of today. A clear brand identity helps your Latvian business stand out from the competition and builds a powerful emotional bond with your demographic. This post will go over important tactics and things to think about when […]
Cybersecurity best practices for Latvian companies
It is now essential for Latvian businesses to ensure strong cybersecurity in the linked world of today. Putting in place strong defenses is essential to safeguard confidential information, ensure company continuity, and uphold customer confidence in the face of a growing number and complexity of cyberattacks. Key encryption guidelines are presented in this article with […]
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 […]
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 […]
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. […]
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 […]
Reasons to use a company formation agent
If you’ve never formed a company, the business incorporation world may seem intimidating. The jargon, legal requirements, and registration procedure are simple to understand if you work with a business formation agent. What is a company formation agent A company formation agent is an autonomous entity that establishes corporations on behalf of other persons. This […]
Companies that are obligated to register for VAT
The registration of Value Added Tax (VAT) payers in the country by the State Revenue Service (SRS) in the register is controlled by these provisions; Article 3 and paragraphs 1 and 9 of Article 26 of the Act ‘On Value Added Tax’. Any company which engages in business activities and purchases goods in the EU […]
Company management in Latvia
Two aspects of the environment played a role in shaping corporate governance in Latvia. The very first part of this story takes place in 1991 when Latvia won its independence by seceding from the political and economic institutions of the Soviet Union. This event marks the beginning of this particular narrative. Confusion reigned supreme among […]