On June 20, 2013 the Saeima adopted the Law "Amendments to the Civil law" (hereinafter - the Amendment), which entered into force on 1 January, 2014. Contracts which entered into force before December 31, 2013 and which include the obligation to pay a penalty, if the contract is continued…
At 1st of January, 2014, changes of the Law on the resident income tax and Law of the state social insurance came into force. These changes affects Members of the board of the limited liability companies registrated in Latvia and from now they are assessed with salary tax and obligatory…
As of July 1, 2010 foreigners may obtain a temporary residence permit in Latvia, for a period of up to 5 years, by purchasing real estate or by investing in companies or credit institutions. Additionally, family members of this person may also acquire residence permit (spouse and children under 18).…
The general supervision and co-ordination of construction in the State is performed by the Ministry of Economics. Construction may be initiated by an owner, possessor, lessee and user of the immovable property or an authorised person by submitting a construction work submission-registration card to the building authority of the relevant…
