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 […]
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 […]
Changes in the composition of representatives of a foreign representative office
The representative office of a company in a foreign country is independently registered as an entity or a public or non-profit registered and located in the Republic. Although an entity, these offices are not allowed to carry out business activities or involve in economic activities in their stead. However, they can represent or stand in […]
Foreign representative office registration guide in Latvia
The representative office of a foreign company is an independent part of the organization usually registered in a foreign country as a public or non-profit organization. A representative must be registered in the register of representative offices. Representative offices in the republic cannot carry out commercial activities and are not seen as legal entities. It […]
Foundation registration guide in Latvia
A fund that is established within a foundation that has been granted tax-exempt status contains the Founder’s Endowment as one of its primary purposes. One person or more than one person can establish it, and once it has been registered into the register, it is considered to be a legal person. The categories of activities […]
Association registration guide in Latvia
Associations are voluntary non-profit unions of members that are formed to work toward a goal that is outlined in the articles of association. Legal entities and even partnerships can have ownership over them. To register a corporation of this kind, you need the participation of at least two people. The Cabinet Regulations classify associations under […]
Guide on choosing a business structure in Latvia
It is crucial to evaluate and select the best type of activity in terms of law and economics before starting a business. This decision will have an impact on the amount of equity capital required, as well as the enterprise’s legal status and other business-related difficulties. Foreigners are permitted to conduct business in Latvia through […]