Foreign investors who want to set up a company in Latvia are attracted by the financial stability of the country, its business-friendly environment and by the array of types of companies that are offered to investors. However, there are types of businesses requiring special permits or licenses.
As mentioned above, there are types of Latvian companies that require special permits or licenses in order to conduct business activities. These licenses are issued by the relevant authority in the country or city the business is registered in.
Special licenses in Latvia have from one to five-year validity. There are special permits that can be released for a short period of time also. The licensing fees usually range from a few euros to few thousand euros depending on the activity to be undertaken. Latvia does not have an unified register where all economic activities are recorded so depending on the type of activity and the special permit is required for, the procedure may vary.
Special permits and licenses are requested for the following types of structures in Latvia:
One of the most requested special license in Latvia is the construction permit as the rules for building an edifice are very important to protect people. Latvia facilitated the process for obtaining construction permits by reducing the time spent between the submission of documents and the issuance of the permit and by removing the Public Health Agency from the process. The steps for obtaining a Latvian construction permit are:
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