Other events in Baltic States Porzingis to participate in Skills Challenge at All-Star Weekend Latvian U-19 lady basketball team to play France, Canada and South Korea at World Championships Zvejnieks wins gold at 2017 Winter Universiade Riga Zoo to put two new weaver ant species on display in February Estonian National Museum’s “Echo of the Urals” named the best permanent exhibition of the year American President’s message to Europe and the BalticsThe new 45th US President in his about 16 minutes’ speech made some new directions for internal and external policy of the most powerful nation in the world. Together with the general notions (e.g., public administration must work for people), there are some new: “America first” and the end to elites’ power. Never before, have US presidents been so radical. Below are some already evident messages to Europe and the Baltics and more are on the way… A foreign company is registered on your address - what to do?Residence permit in Latvia.

Questions and answersAbout the upcoming changes in the micro tax in LatviaThis month devoted to doing business in Latvia, one of the best for new business in the whole Baltic area. Starting a business, company registration / formation, trade and import export. This year we talk in Riga about internationalization and initiatives involving Germany, Austria, Sweden, Italy, Switzerland, USA, new trends for social start-ups in B2BALTIC StartUp Hub with concrete funding opportunity for childcare and elder-care, innovation & tech, plus restructuring and reconstruction of real estate for commercial purpose (retail, entertainment) in Riga. In this practice guide you´ll find important information you absolutely should know. B2BALTIC Team is anytime ready to meet up personally in Riga. Contact B2BALTIC team, go to support zone (for registered members of B2BALTIC, registration is free). If you are considering investment in Latvia, here are some steps you may wish to consider as you get started:

– Watch the presentation movie Doing Business in Latvia below; – Register your company on B2ALTIC™ Hub and start B2B with Nordic/Baltic/Russian companies; – Join B2BALTIC LinkedIn groups directory GROUPS4U for guest entrepreneurs. – Subscribe to our Twitter page to follow the top business news from the Hub; – Arrange with B2BALTIC Development team, (for registered members of B2BALTIC, registration is free) a skype call with a representative or meet-up with us in Riga. – Supporting Latvian professional to find partners abroad and increase export, providing free facilities as well, thank B2Baltic B2B networking groups (see GROUPS4U) and blogs, promoting Latvia worldwide; – Supporting Latvian Non-Profit professional industry (see our regional group) and helping develop new music & concert events in the Baltic States, connecting to international Music-Industry experts; – Developing Real Estate targeting renovation of old historical buildings in Riga and a new construction of a luxury retail mall (see experience Baltica & Partners), inside the project Luxury Nordic Hub (new partners/investors are welcome, otherwise you can propose your own building and your development idea);

– Developing social family services especially oriented to elder and children care (new partners/investors can join us); Over the last ten years Latvia has experienced an extensive economic growth in all sectors. The highest priority objective of the program is the direct foreign investments (FDI), which is the key to a fast and successful economic recovery. Latvia is NATO member since 2004. The strategic geographical position in the center of the Baltic area provides big accessibility to the large and rich Nordic markets.handyman website template free Latvia has highly educated and multilingual workforce, with a northern European culture and work ethic, historical developed business knowledge and experience with Russia/CIS. business for sale dubboWorkers here are ready to take on new challenges and, even more in the current circumstances. affordable handyman services of chicago

Employees are highly motivated. Latvia’s workforce is rated in the top five in the world in terms of university students per capita and possesses a northern European culture and work ethic, excellent skills and discipline. Over 85% of Latvians speak Russian; 70% of people under age 40 speak English; German and Scandinavian languages are also widely spoken. Renewable energy, ICT, Woodworking, Construction materials and industrial real estate offer high business opportunity in Latvia.handyman service norfolk If you don´t want to create a startup, B2BALTIC can provide you with a ready-made company with zero or positive financial records, as well as operational activities for sale including structures, assets, collaborations, contracts, clients in Riga. business for sale amesburyPlease contact B2BALTIC Development team, to support zone (for registered members of B2BALTIC, registration is free). business for sale bimini

You can also join B2BALTIC INVESTOR CLUB and Baltica & Partners to acquire and develop commercial or residential premises in Latvia, development commercial real estate, get in touch with luxury Latvian traders, support the launch of new startups, or get private/EU funding in Latvia for your next smart project. In terms of logistics, Latvia is one of the best locations to establish a business in Northern Europe. Riga itself is the largest city in the Baltic States and is ideally located at the centre of the region. It´s European Union boarder with Russia, providing Ice-free ports, a fastest growing airport in Europe RIX which offers direct flights to more than 80 destinations, plus a well developed transport infrastructure in Riga free port. The Trans-Baltic highway (Via Baltica) connects directly to Moscow. Latvia has four separate Special Economic Zones (three ports and one inland). All are well connected to transport systems. Zones offer corporate tax discounts (as much as 80%) as well as 0% rates for VAT, customs and excise duties to companies setting up there.

Special government funding programs are available to assist export-oriented business activities. Ask B2Baltic team the best zone and check out the ability of the logistic structures partners of B2Baltic. Latvia’s labour costs are very competitive, especially compared to those in older EU member countries. Corporate income tax rate is among the lowest in Europe at a flat rate of 15% and dividends to EU citizens are not taxed. Personal income tax is also at a low flat rate of 26%. In July 2010 Latvia adopted a new regulation providing for additional opportunities for a foreign person to obtain a temporary residence permit in Latvia without the need to reside in the country for a specific period of time. According to the newly adopted provisions a foreign natural person may obtain a temporary residence permit on the following basis: investment not less than EUR 35500 in a small Latvian company and EUR 100.000 for the rest; board member of a Latvian company which by the time of applying exists for not less than 1 year: payment of at least EUR 284600 to the subordinated capital of a Latvian bank;

acquisition of real estate in Riga / or one of the larger cities of Latvia worth EUR 142300 or real estate worth EUR 71200 in other areas. Latvia has one of the fastest telecommunications infrastructures in the world, providing companies seamless connection with customers and partners abroad. Indicative rankings include: 5th globally for average measured Internet connection speed (7.8Mbps) and 7th globally for broadband connectivity above 5Mbps. Latvia offers significant cost advantages to investors, including competitive labor and real estate expenses, as well as competitive tax rates. Coupled with strong productivity in manufacturing and services, Latvia provides investors with a highly cost-effective environment for business, producing compelling returns on investment. In Real estate sector, overhead costs have decreased significantly in recent years, particularly for construction, office space and industrial real estate. You can use B2BALTIC experienced lawyers to manage your real estate transactions.

The official language is Latvian, secondary Russian. However the English language is daily used in business place. When you need language support, B2Baltic team will provide you English Latvian translator in order to translate Latvian to English or other language, as well as editing and printing documents, assistance for corporate localization when you join fair trade in Latvia. Please contact B2BALTIC LOCALIZATION team, go to support zone (for registered members of B2BALTIC, registration is free): The upcoming trade fairs in Latvia. According to the World Bank’s, Latvia has one of the best rank in the world, 22nd (in 2016), among the world’s most businessfriendly countries. Latvia’s strengths are demonstrated in the fields of registering property, paying tax, and trading across borders. Thank B2Baltic Start-Up Hub and the Investor Club Nordic/Baltic, your project might find in Latvia fundraising opportunities and assistance by sales & marketing force on global scale.

N.B. Local structures, local accelerators, domestic startup hubs, although able to integrate you inside the local market, sometimes do not provide your future startup with good developed international connections. Instead in B2Baltic StartUp Hub you will work together with European sales & marketing developers, high communications skills, open-minded attitude, high experience in big market-places like Germany, Sweden, Austria, Switzerland, Italy and USA. You can candidate your project now, is free. B2Baltic cares about all the tasks from company forming to registration, directory listing, VAT registration, accounting and financial support, as well as investor and fundraising search. Typically the formation costs for a new business LLC/LTD including register and notary fees are about 700-1200 EUR one-time, accounting about 700-1300 EUR a year. The minimal capital requirement in Latvia can also be 1 EUR. Each new startup is registered in B2Baltic Hub, get listed and promoted automatically by B2Baltic marketing team for the first year included.