Scheme of emigration to Latvia (European union)
31.10.12
30.10.12
Residence Permit
Residence permit
A residence permit – it is a document which provides to a foreigner the rights to reside in the Republic of Latvia for a period time exceeding 90 days within half a year starting from the first day of entrance.
There are two types of residence permits:
1. Temporary residence permit – it is residence permit for fixed period of time;
2. Permanent residence permit – it is residence permit to stay permanently.
Foreigner must have a valid health insurance policy before one receipt temporary residence permit.
More information about residence permits: http://www.udgm.gov.lv/en/pakalpojumi/uzturesanas.html
If You need legal services or accounting services, please contact us
Tel. (371) 29 112 333
e-mail: info@register-company.lv
28.10.12
Work Permit
Work permit
Foreigners who enter Latvia with or without visa are not allowed to operate economic activities as employees. Foreigners can be employed only in cases that are stated in regulations of Latvia and if they have received a visa for employment and work permit.
If employment is related with short term or irregular residence in the Latvia and which does not exceed 90 days within half a year, the foreigner is obliged to receive a visa or temporary residence permit and work permit. This condition refers also to foreigners who do not need visa for entering the Republic of Latvia.
If employment is related with regular residence in the Latvia and which exceeds 90 days within half a year, the foreigner is obliged to receive temporary residence permit and work permit.
Regulations regarding work permission to foreigners. Issued by Cabinet of Ministers in 20.01.2004., Section 29:
Work permit is issued by The Office of Citizenship and Migration Affairs (it is not necessary to get approved employer’s invitation in the State Employment Agency) accordingly to visa’s validity term. In this case it is necessary to get invitation approved by The Office of Citizenship and Migration Affairs. Work permissions issued to:
1. foreigner, who is:
a student of accredited educational institution or student who has arrived in Latvia for probation or to do praxis in the accredited educational institution or in the enterprise which is register in the Commercial register, if praxis or probation is related with employment relations;
a consultant (expert), who gives assistance to governmental or local authority or helps to realize international agreement or project in which Latvia is a member;
one who is registered in Commercial register as member of partnership and who have rights to represent partnership, board member or council of a company, managing clerk, administrator, liquidator or person who is powered to represent company (foreign merchant) in activities which are related to branch;
sole founder of company and who will duties of such officer which representative rights (authority to sign) is registered in a Commercial register;
2. to foreigner, who is expected to be employed as:
scientist in the state’s scientific institution;
director in the centre of culture financed by state and local authority, composer, musician, singer, choreograph, dancer, film director, stage director or other director or actor, technical worker involved in ensuring the performance;
pedagogue in the accredited educational institution;
evaluator, who evaluates, accredits, and monitors laboratories, certification and inspection institutions;
IT specialist, who has appropriate higher professional or higher academic education in the IT field and experience in leading position in the IT sector for at least 3 years and it is planned to employ him in such positions:
Project Director (PD);
Quality Manager (QM);
Lead Project Manager (PM2);
Lead System Architect (SAR3);
Lead System Analyst (SA3);
Lead Software Developer (P3);
Lead IT Solutions Consultant (ITC3);
Lead Business Consultant (BC3).
composer, musician, singer, choreograph, dancer, actor or director of a cinema or theater, artist of circus or one who technical worker involved ensuring the performance;
driver involved in international freight traffic.
If You need legal services or accounting services, please contact us
Tel. (371) 29 112 333
e-mail: info@register-company.lv
27.10.12
Advantages
Advantages of immigration to Latvia
In this article we want to show you why Republic of Latvia is one of the best counties in Europe for immigration process.
Immigration laws of European Union are getting same for all its members (The 25 Schengen countries are: Austria, Belgium, Czech, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and Switzerland. With Latvian residence permit you can live and work in any of these countries- members of European Union). Each country have its own specific character of immigration laws but its main features that allow its citizens and holders of residence permit to live and work legally in Europe are maintained in all European countries. United Kingdom and Ireland are not included in Schengen zone.
There is a certain period after which a person can get permanent residence permit in all European countries after official immigration. This period may not exceed 5 years after official immigration of foreign citizen.
We think that Latvia is one of the most attractive countries from the immigration point of view and simplicity of preparing documents needed for immigration. If you want to live and work abroad, Latvia is the best for you: Immigration to Latvia is really simple – you don’t need to satisfy strict age requirements, have higher education, know Latvian language or wait for several years without knowing result.
If we talk about simplicity of immigration process you should understand that it is a bit simpler to get residence permit and to satisfy all immigration laws in Latvia in comparison with other countries, but anyway it is not an easy thing to do.
Advantages of immigration to Republic of Latvia in comparison with other European countries:
1. Tax weight
Total tax weight in Latvia which forms from all the taxes including Social insurance tax is just 30,5% from GDP. It is one the lowest index via 27 EU countries. Average tax weight in Europe is 39,8% from GDP. The highest tax weight are in Denmark - 48,7%, Sweden - 48,3%, Belgium - 44%, France and Italy - 43,3% from GDP.
Value added tax (VAT)
Most of goods and services are taxed with 21% but there are exceptions and some specific goods and services are taxed with 10% VAT.
Personal income tax
Personal income tax is 23% from private incomes.
Corporate income tax
Corporate income tax to companies is 15%.
2. Latvia is a member of European Union and part of Schengen zone
Latvia became a member of European Union in 2004 and from 21st of December 2007 Latvia is part of Schengen zone. It means that after your immigration to Latvia you will get Schengen visa and can go to any European country without additional visa.
3. Very highly developed bank infrastructure
There are more than 20 banks what operates in territory of Latvia. Mostly they are controlled by Sweden, Norway, Germany and Denmark. They make financial system of the country stable and allow keeping money on the accounts without being scared about it.
4. Geographical position.
Latvia, officially Republic of Latvia is one of the three Baltic States in Northern Europe in the Baltic region. It is bordered to the north by the Baltic state Estonia, to the south by the Baltic state Lithuania, and to the east both by Belarus and the Russian Federation. Across the Baltic Sea to the west lies Sweden.
If You need legal services or accounting services, please contact us
Tel. (371) 29 112 333
e-mail: info@register-company.lv
26.10.12
Taxes in Latvia
Information about taxes in Republic of Latvia
Value added tax (VAT)
Most of goods and services are taxed with 21% but there are exceptions and some specific goods and services are taxed with 12% VAT.
Personal income tax
Personal income tax is 23% from private incomes.
Corporate income tax
Corporate income tax to companies is 15%.
Losses
Losses of previous periods can be carried forward for five years.
Tax rates in European UnionHere you can see comparison of main taxes in European Union
| Country | Income tax | VAT | |
| Corporate | Individual | ||
| Austria | 25% | 21-50% | 20% |
| Belgium | 33,99% | 25-50% | 21% |
| Denmark | 25% | 38-59% | 25% |
| Estonia | 21% | 20% | 18% |
| Finland | 26% | 7-30,5% | 22% |
| France | 33,33% | 5,5-40% | 19,6% |
| Germany | 30-33% (effective) | 15-45% | 19% |
| Hungary | 16% | 18% and 36% | 20% |
| Italy | 31,4% | 23-43% | 20% |
| Latvia | 15% | 23% | 21% |
| Lithuania | 20% | 15% / 20% | 19% |
| Norway | 28% | 28-49% | 25% |
| Poland | 19% | 18% / 32% | 22% |
| Portugal | 25% | 0-42% | 20% |
| Spain | 30% | 24-43% | 16% |
| UK | 28% | 0-40% | 15% |
Please feel free to contact us if you would like to get more information about taxes in Latvia.
Tel. (371) 29 112 333
e-mail: info@register-company.lv
25.10.12
Information about Visas
Visas and invitations
A visa is a sticker which is placed in a travel document. Before entry into Latvia a visa must be obtained at Latvian consular missions in foreign countries.
List of countries which citizens may enter the Republic of Latvia without a visa and stay in Latvia for up to 90 days within a six-month period from the day of entry:
Citizens from countries which are not mentioned above may enter the Republic of Latvia only with visa.
There are 2 forms of visa: individual visa and group visa.
There are 3 types of visa: single-entry visa, double entry visa and multiple-entry visa.
Documents required for submitting application of visa
- valid travel document; - accomplished, signed visa application form and photo; - document copy what confirms that the applicant has a health insurance policy;- documents what confirms the reason for entry and the expected place of residence or invitation letter of approved by the Office of Citizenship and Migration affairs (the invitation is valid for 6 months from the date of approval);
- receipt confirming payment of fees.
According to the Immigration Law, in order to be able to enter and stay in the Republic of Latvia, a foreigner must prove that one has sufficient financial means.
The following amounts are required:- if the party extending the invitation provides the foreign national being invited with accommodation, the estimate for the required financial means is 10 LVL a day;- if the foreign national intends to stay at a tourist accommodation, the estimate for the required financial means takes into account the cost of lodging based on the applicable rates, and is at least 30 LVL a day.
| - Lithuania; |
There are two types of Visa:
If You need legal services or accounting services, please contact us
Tel. (371) 29 112 333
e-mail: info@register-company.lv
21.10.12
About Latvia
About Latvia
(image from Google maps)
Latvia, officially Republic of Latvia is one of the three Baltic states in Northern Europe in the Baltic region. It is bordered to the north by the Baltic state Estonia, to the south by the Baltic state Lithuania, and to the east both by Belarus and the Russian Federation. Across the Baltic Sea to the west lies Sweden.
The Latvian government and local authorities have worked diligently to streamline procedures for doing business in Latvia, for instance, companies can be established just in one day. As a member of the EU, Latvia operates under Europe-wide legislation. To further stimulate investments, Latvian Government is implementing many state support programs via EU Structural funds for private business development.
The most popular business entity is the limited liability company (SIA). Corporate tax rate is fixed at 15%, one of the lowest in the EU.
A Latvian company is well positioned to be an effective EU intermediary for trade between Western and Eastern, “Russian- speaking” countries. Latvia is a multi-lingual society where Latvian, Russian and English languages are commonly spoken and professionals are adept at working with both Western and Eastern business cultures.
Tax weightTotal tax weight in Latvia which forms from all the taxes including Social insurance tax is 30,5% from GDP. It is one the lowest index via 27 EU countries. Average tax weight is 39,8% from GDP. The highest tax weight are in Denmark - 48,7%, Sweden - 48,3%, Belgium - 44%, France and Italy - 43,3% from GDP. More information about taxes in Latvia.
Latvia facts:
Capital: Riga
Official language: Latvian
Population: 2.3 million
Political system: Parliamentary democracy
EU Membership: since 2004
Official currency: Latvian lats (LVL )
Please feel free to contact us if you would like to get more information
Tel. (371) 29 112 333
e-mail: info@register-company.lv
Taxes in Latvia
Information about taxes in Republic of Latvia
Value added tax (VAT)
Most of goods and services are taxed with 22% but there are exceptions and some specific goods and services are taxed with 10% VAT.
Personal income tax
Personal income tax is 23% from private incomes.
Corporate income tax
Corporate income tax to companies is 15%.
Losses
Losses of previous periods can be carried forward for five years.
Tax rates in European UnionHere you can see comparison of main taxes in European Union
| Country | Income tax | VAT | |
| Corporate | Individual | ||
| Austria | 25% | 21-50% | 20% |
| Belgium | 33,99% | 25-50% | 21% |
| Denmark | 25% | 38-59% | 25% |
| Estonia | 21% | 20% | 18% |
| Finland | 26% | 7-30,5% | 22% |
| France | 33,33% | 5,5-40% | 19,6% |
| Germany | 30-33% (effective) | 15-45% | 19% |
| Hungary | 16% | 18% and 36% | 20% |
| Italy | 31,4% | 23-43% | 20% |
| Latvia | 15% | 23% | 21% |
| Lithuania | 20% | 15% / 20% | 19% |
| Norway | 28% | 28-49% | 25% |
| Poland | 19% | 18% / 32% | 22% |
| Portugal | 25% | 0-42% | 20% |
| Spain | 30% | 24-43% | 16% |
| UK | 28% | 0-40% | 15% |
Please feel free to contact us if you would like to get more information about taxes in Latvia.
Tel. (371) 29 112 333
e-mail: info@register-company.lv
Latvia in European Union
Latvia in European Union
According to report “Doing business 2009” of The World Bank, Latvia among 181 world states is in place 29 in list of most favourable states for entrepreneurship.
People's Council of Latvia proclaimed independence of the new country in Riga on November 18, 1918. Since that Latvia was independent country. On February 1922 was adopted constitution (Satversme) of Republic of Latvia. On 1940 Latvia was occupied by Soviet Union until 1991 when Latvia restored full independence.
Latvia became a member of the United Nations on September 1991, and is a signatory to a number of UN organizations and other international agreements, including Council of Europe, CERCO, International Council for the Exploration of the Sea, International Civil Aviation Organization, International Atomic Energy Agency, UNESCO, UNICEF, International Criminal Court, the World Bank, International Monetary Fund, and the European Bank for Reconstruction and Development.
Latvia is joined to European Union since May 2004 and Latvia is also member of NATO since March 2004.
Latvia have embassies in Argentina, Austria, Belarus, Belgium, Canada, the People's Republic of China, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Israel, Italy, Lithuania, Netherlands, Nicaragua, Norway, Poland, Portugal, Russia, South Africa, Sweden, Ukraine, the United Kingdom, the United States, and Uzbekistan.
On December 21, 2007 Schengen border-free zone was once more enlarged to include nine new nations. Now Latvia is one of Schengen countries. Schengen countries are: Austria, Belgium, Czech, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and Switzerland. United Kingdom and Ireland are not included in Schengen zone.
Please feel free to contact us if you would like to get more information
Tel. (371) 29 112 333
e-mail: info@register-company.lv
Legalization of Documents
Legalization of documents
Certification of document authenticity or legalization means verification of signature and seal of a document, it means that Consular Officer certifies signature and seal of document made in one country and then document becomes effective in another one. Legalization implies confirmation of the legal status and authority of the signatory.
Certification of document authenticity or legalization is not notarial act.
If document is issued abroad and must be in force in Republic of Latvia1. If the document is made in a country which is joined to the Hague Convention of Abolishing the Requirement of Legalization for Foreign Public Documents of 1961 (hereinafter Hague Convention-1961), authenticity of that document must be certified with an Apostille by the competent institution of the respective state abroad according to regulations of the Convention. There is no necessity for confirmation by another Latvian diplomatic/consular mission if document is certified with an Apostille.
2. If the document is issued in a country which is not joined to Hague Convention-1961, that document must be legalized by Latvian diplomatic/consular mission in the respective country, or document must be legalized by the diplomatic/consular mission of the respective country in Latvia or the nearest neighbour country, and then by Latvian Ministry of Foreign Affairs Consular Department.
If a document issued in Latvia and it must be in force outside Republic of Latvia
1. If the document is provided for using abroad and must be in force in a country which is joined to Hague Convention-1961, authenticity of that document must be certified by the Consular Department of Republic of Latvia with an Apostille. There is no necessity for confirmation by another diplomatic/consular mission of the respective foreign country.
2. If the document is provided for using abroad and must be in force in a country which is not joined Hague Convention-1961, authenticity of that document must be legalized by Latvian Consular Department and/or diplomatic/consular mission in the respective country, and then by a diplomatic/consular mission of the respective country.
Certification of document authenticity is not necessary
Regarding to countries that have concluded bilateral and multilateral agreements on legal assistance and legal relations in civil, family and criminal matters with Latvia, documents that are made or certified by a court or an official within its competence, and adhering to the established form, and are marked with the official seal in the territory of one contracting party, are accepted in the territory of the other party without any further certification.Documents considered as public in the territory of one contracting party are also considered as public in the territory of the other contracting party.
Latvia has concluded treaties on legal assistance and legal relations in civil, family and criminal affairs with such countries:
If it is necessary to legalize copy of document, it must be confirmed by notary. If there are more pages in document, those must be stringed through and stamped together. Copy of document can be without confirmation of notary if this copy is issued in institution which have issued also original.
If it is necessary to legalize translation of document it must be confirmed by notary. If there are more pages in document, those must be stringed through and stamped together.
Legalizing of copy of documents, extract and / or public confirmation of translation is made if only it is possible to confirm also authenticity of original document.
Before submitting documents for legalizing we advise you to clarify in respective consulate what documents you have to legalize:
- only original of document / copy of document which is confirmed by notary;
- only translation of document;
- both original document / and copy of document which is confirmed by notary, and translation of document.
It is not possible to legalize documents if there are not sample of signature of official which sign the document and print of stamp of competent authority in Consular department of Ministry of Foreign affairs of Republic of Latvia.If You need legal services or accounting services, please contact us
Tel. (371) 29 112 333
e-mail: info@register-company.lv
Study in Europe_Latvia
Study in Latvia (European Union) - Under construction
If You need legal services or accounting services, please contact us
Tel. (371) 29 112 333
e-mail: info@register-company.lv
Residence Permit
Residence permit
A residence permit – it is a document which provides to a foreigner the rights to reside in the Republic of Latvia for a period time exceeding 90 days within half a year starting from the first day of entrance.
There are two types of residence permits:
1. Temporary residence permit – it is residence permit for fixed period of time;
2. Permanent residence permit – it is residence permit to stay permanently.
Foreigner must have a valid health insurance policy before one receipt temporary residence permit.
If You need legal services or accounting services, please contact us
Tel. (371) 29 112 333
e-mail: info@register-company.lv
Work Permit
Work permit
Foreigners who enter Latvia with or without visa are not allowed to operate economic activities as employees. Foreigners can be employed only in cases that are stated in regulations of Latvia and if they have received a visa for employment and work permit.
If employment is related with short term or irregular residence in the Latvia and which does not exceed 90 days within half a year, the foreigner is obliged to receive a visa or temporary residence permit and work permit. This condition refers also to foreigners who do not need visa for entering the Republic of Latvia.
If employment is related with regular residence in the Latvia and which exceeds 90 days within half a year, the foreigner is obliged to receive temporary residence permit and work permit.
Regulations regarding work permission to foreigners. Issued by Cabinet of Ministers in 20.01.2004., Section 29:
Work permit is issued by The Office of Citizenship and Migration Affairs (it is not necessary to get approved employer’s invitation in the State Employment Agency) accordingly to visa’s validity term. In this case it is necessary to get invitation approved by The Office of Citizenship and Migration Affairs. Work permissions issued to:
1. foreigner, who is:
a student of accredited educational institution or student who has arrived in Latvia for probation or to do praxis in the accredited educational institution or in the enterprise which is register in the Commercial register, if praxis or probation is related with employment relations;
a consultant (expert), who gives assistance to governmental or local authority or helps to realize international agreement or project in which Latvia is a member;
one who is registered in Commercial register as member of partnership and who have rights to represent partnership, board member or council of a company, managing clerk, administrator, liquidator or person who is powered to represent company (foreign merchant) in activities which are related to branch;
sole founder of company and who will duties of such officer which representative rights (authority to sign) is registered in a Commercial register;
2. to foreigner, who is expected to be employed as:
scientist in the state’s scientific institution;
director in the centre of culture financed by state and local authority, composer, musician, singer, choreograph, dancer, film director, stage director or other director or actor, technical worker involved in ensuring the performance;
pedagogue in the accredited educational institution;
evaluator, who evaluates, accredits, and monitors laboratories, certification and inspection institutions;
IT specialist, who has appropriate higher professional or higher academic education in the IT field and experience in leading position in the IT sector for at least 3 years and it is planned to employ him in such positions:
Project Director (PD);
Quality Manager (QM);
Lead Project Manager (PM2);
Lead System Architect (SAR3);
Lead System Analyst (SA3);
Lead Software Developer (P3);
Lead IT Solutions Consultant (ITC3);
Lead Business Consultant (BC3).
composer, musician, singer, choreograph, dancer, actor or director of a cinema or theater, artist of circus or one who technical worker involved ensuring the performance;
driver involved in international freight traffic.
If You need legal services or accounting services, please contact us
Tel. (371) 29 112 333
e-mail: info@register-company.lv
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