Our Latvian lawyers receive a lot of questions about investment opportunities and moving to the country. Below are the answers to some of the most frequently asked questions about immigrating and opening a company in Latvia.
Business litigation is usually tried by the Latvian courts of justice. However, certain business litigation cases can also be tried by the Arbitration Court in Latvia. The steps for resolving disputes usually depend from case to case.
The main steps to open a company in Latvia are to select the type of company you want to register, find out what the required share capital is and prepare the documents for incorporation. Our lawyers in Latvia can draft your company’s Memorandum and Articles of Association.
Depending on the type of company you want to register you should know the minimum share capital you have to deposit when opening a company in Latvia. In the case of limited liability companies, you must deposit 2,000 LVL.
Yes, depending on the type of activity your company will conduct, you could be required to apply for a special license or permit.
Debt collection proceedings in Latvia are usually handled by the court and are treated like any other litigation case. For legal representation you can ask for the services of our law firm in Latvia.
Foreign citizens from non-EU countries are the only ones requiring a visa to enter Latvia. You can ask our Latvian attorneys about the procedure for obtaining a visa.
Under the Citizenship Law, foreign citizens can obtain Latvian citizenship after living and working in the country for five consecutive years.
Foreign citizens wanting to work in Latvia must first sign an employment contract with a local company. Company representatives will then apply for a Latvian work permit on behalf of the foreign employee.
You must announce the local authorities a month prior to the ceremony that you want to get married in Latvia. The spouses must also have two adult witnesses. Divorce proceedings can be completed by a notary or by a Latvian court.
The Latvian taxation system applies an income tax to individuals and a corporate tax to companies. The income tax has several rates, while companies are required to pay a 15% tax rate.
If you have questions related to any other matters, do not hesitate to contact our law firm in Latvia.
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