Accounting services

Company Visas.lv offers accounting services and accounting consultations concerning with accountancy of tax and personnel. We realize full financial analysis of accountancy and timely notification to manager about any risk
which endanger successful development of business. Company Visas.lv also manages making accounting reports, all necessary accounting documents and delivering them to State revenue service, Central Statistical Bureau and
other institutions of the Republic of Latvia.
If you choose accounting services in Company Visas.lv we take consequences for accuracy and punctuality of accounting services in your Company and in accordance with all regulations of accounting. Delegating accounting
services to us you will save up on personnel, taxes as well as on working place and qualification courses in accounting for employee, without which professional accounting is impossible.

Accounting services we offer include:
– Accountancy in accordance with the legislation of the Republic of Latvia;
– Analysis of the primary documentation;
– Drawing up of all necessary reports (declaration) and submitting them to the territorial office of the State revenue service;
– Representation in State revenue service;
– Drawing up bookkeeping organization documents;
– Verification of payments with dealing partners;
– Calculation of the salary;
– Working with source documents, entering them into registers;
– Consultations on questions about accounting;
– Drawing up of all internal documents according to legislation;
– Tax optimization.
If You need immigration services or other legal services, please contact us

Tel. (371) 29 112 333
e-mail: visas@visas.lv

Immigration services » 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 Latvia

1. 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:

Belarus, Estonia, Kyrgyzstan, Lithuania, Russia, Moldova, Poland, Ukraine, Uzbekistan

Documents are legalized after confirmation of respective institution of Republic of Latvia in which there are shown surname and position of official. Signature, print of stamp and seal must be clearly seen. If there is more than one page in document they must be stringed through.

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 immigration services or other legal services, please contact us
Tel. (371) 29 112 333
e-mail: visas@visas.lv

Immigration services » Advantages of immigration to Latvia

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 21^st 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 (Schengen country) without additional visa. Article about Latvia in European Union, Schengen.

   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. Article about Latvia in Baltic States.

If You need immigration services or other legal services, please contact us

 Tel.             (371) 29 112 333      

 e-mail: visas@visas.lv

Why do you need immigration layer to Latvia (European Union)?

Immigration lawyer can help you in following:

» Analyze the facts of your immigration European Union (EU) case;

» Find the best way for you to immigrate to European Union (EU);

» Explain all the benefits of your immigration to European Union (EU);

» Explain immigration law and other regulations which can affect you;

» Avoid delays and problems of your immigration case;

» Avail the system to your advantage because immigration layer has such experience.

Find your immigration lawyer here: www.visas.lv

     Immigration services » Information about Visa

    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:

1.Citizens of the European Union, member states of the European Economic Area and Swiss Confederation:

2. List of countries and territorial authorities citizens of which do not require a visa in accordance with Council Regulation (EC) No  539/2001 of 15 March 2001 listing the third countries whose nationals must be in possession of visas when crossing the external borders and those whose nationals are exempt from that requirement:

3. Categories of persons who are exempt from the visa requirement: 

– British Nationals (Overseas);

– holders of British subjects passports (Persons who are British subjects by virtue of Part IV of the British Nationality Act 1981 and who have the right of abode in the United Kingdom and are therefore exempt from United Kingdom immigration control); 

– Recognized refugees, stateless persons and other persons without a citizenship, who permanently reside in one of the EU member state and who hold a travel document issued by this member state (except Great Britain and Ireland).

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.

There are two types of Visa:

  – short term Visa;

  – long term 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 which confirms 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.

If You need immigration services or other legal services, please contact us

 Tel.             (371) 29 112 333      

 e-mail: visas@visas.lv

  Immigration services » 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.

A residence permit may be issued to a foreigner as a citizen of a third country:

1) Due to the family unification:

As a spouse of a citizen, a non-citizen of the Republic of Latvia or a foreigner who has received a permanent residence permit:
At the first submission of documents – a temporary residence permit for one year;
The second submission of documents – a temporary residence permit for four years;
At the third submission of documents – a permanent residence permit;
!!! Minor children or children under maintenance of a foreigner can also receive a residence permit for the above mentioned terms.

As a minor child of a citizen, a non-citizen of the Republic of Latvia and a foreigner holding a permanent residence permit:
a permanent residence permit;
Up to the third step relative vertically or the second step relative horizontally or a brother/sister-in-law up to the second step to a citizen or a non-citizen of Latvia or to a foreigner holding a permanent residence permit:
once in a calendar year for a period of time not exceeding six months;
As parents or spouses of a citizen of Latvia, a non-citizen of Latvia who have reached the retirement age (62 years) set in the Republic of Latvia:
At the first submission of documents – a temporary residence permit for one year;
At the second submission of documents – a temporary residence permit for four years;
At the third submission of documents – a permanent residence permit;
As a child of age, a spouse or minor children of a citizen of Latvia:
At the first submission of documents – a temporary residence permit for one year;
At the second submission of documents – a temporary residence permit for four years;
At the third submission of documents – a permanent residence permit;
2) Due to a labour agreement:
– For the period of employment however not exceeding five years;

3) As an individual merchant registered in the Commercial Register:
– For the period of employment not exceeding five years;

4) As a member of a partnership with rights to represent a partnership, member of the board or the council, managing clerk, executive, liquidator or a person authorized to represent a merchant (a foreign merchant) in activities related to the branch office:
– For the period of office term however not exceeding five years;

5) As a self-employed person:
– For a period of time not exceeding one year;

6) As a representative of a foreign merchant:
– For a period of time not exceeding four years;

7) Due to scientific collaboration:
– For the period of time stipulated in the scientific cooperation plan however not exceeding five years;

8) Due to the implementation of an international treaty or a project where the Republic of Latvia is a partner:
– For the period of time necessary for the implementation of the agreement or the project;

9) Due to providing assistance to public or municipal institutions of the Republic of Latvia:
– For the period of time necessary for providing assistance however not exceeding one year;

10) Due to treatment in inpatient medical establishment:
– for the period of time indicated in the treatment contract;

11) Due to religious activities:
– For the period of time required for religious activities however not exceeding one year;

12) Due to joining a monastery registered at the Religious Matters Department:
– For the period of time not exceeding three years;

13) Due to studies at an accredited educational establishment:
– For the time period of studies however not longer than one year;

14) Due to studies practice, student exchange or traineeship:
– For the period of time stipulated in the cooperation agreement however not exceeding one year;

15) If a marriage is annulled and if in the marriage there is a child, who is Latvian citizen or a non-citizen of Latvia:
– For period of time till the date a court decree of a divorce and a judgment of a settlement of a residence place of a child coming into force, however not longer than one year;

16) If pre-trial investigation institutions or the court require the foreigner stays in the Republic of Latvia till the investigation of the criminal case will be completed or till its litigation at the court:
– For period of time not exceeding one year;

17) Due to acquiring citizenship of another state, if the foreigner resides in the Republic of Latvia and has been a citizen of Latvia or a non-citizen of Latvia prior to the acquisition of the citizenship of the other state:
– A permanent residence permit;

18) If a secondary education certificate is received in the Republic of Latvia by completing a programme of the secondary education thereto by studying in the official language:
– A permanent residence permit;

19) If a foreigner was a citizen of the Republic of Latvia on 17 June 1940 or if one of his or her parents is a citizen of the Republic of Latvia:
– At the first submission of documents – a temporary residence permit for one year;
– At the third submission of documents – a temporary residence permit for four years;
– At the third submission of documents – a permanent residence permit;

20) If a foreigner has been continuously residing in the Republic of Latvia with a temporary residence permit at least for 5 years (this provision does not apply to a foreigner who has received a temporary residence permit for the period of studies):
– A permanent residence permit.

!!! A citizen of the European Union is eligible to receive a registration certificate, if he or she:
1. Is employed as an employee in the Republic of Latvia;
2. Is a self-employed person in the Republic of Latvia;
3. Is a service provider or an employee with a merchant registered in a Member State of the European Union or the European Economic Zone, or the Switzerland Confederation, who is a service provider in the Republic of Latvia according to an agreement;
4. Acquires education at an educational establishment accredited in the Republic of Latvia and has sufficient financial means in order not to encumber the social assistance system, and a valid health insurance card in Europe, a statement issued by a Member State of the European Union or the European Economic Zone certifying that the individual is eligible to receive, in the Republic of Latvia, medical assistance to extent guaranteed by the state, or a health insurance policy. For the present regulation, sufficient financial means is monthly income exceeding 50% of a minimum wage valid in a relevant period;
5. Has sufficient financial means in order not to encumber the social assistance system, and a valid health insurance card in Europe, a statement issued by a Member State of the European Union or the European Economic Zone certifying that the individual is eligible to receive, in the Republic of Latvia, medical assistance to extent guaranteed by the state, or a valid health insurance policy;
6. Is a spouse of a citizen of Latvia, a non-citizen of Latvia or a foreigner holding a permanent residence permit in the Republic of Latvia and has sufficient financial means in order not to encumber the social assistance system, and a valid health insurance card in Europe, a statement issued by a Member State of the European Union or the European Economic Zone certifying that the individual is eligible to receive, in the Republic of Latvia, medical assistance to extent guaranteed by the state, or a valid health insurance policy;
7. Trusteeship or guardianship status has been established for him or her in the Republic of Latvia.

!!! A citizen of the European Union is eligible to receive a permanent residence permit, if he or she:
1. Has continuously resided in the territory of the Republic of Latvia for five years, in accordance with the conditions stated in Article 20 of Cabinet of Ministers Regulation No. 586 of 18.07.2006;
2. Before acquiring citizenship in a Member State of the European Union or the European Economic Zone, or the Switzerland Confederation, has been a citizen of Latvia or a non-citizen of Latvia and has submitted documents for requesting a permanent residence certificate within 30 days from a making a decision on revocation of the status of a citizen of Latvia or a non-citizen of Latvia;
3. Is a minor child of a citizen of Latvia or a non-citizen of Latvia, or a foreigner holding a permanent residence permit.

!!! A citizen of the European Union, who has resided in the territory of the Republic of Latvia as an employee or a self-employed person for a period less than five subsequent years, for five years, is eligible to receive a permanent residence permit, if he or she:
1. At the moment of completion of his or her professional activity, has reached the pension age determined in regulations of the Republic of Latvia or terminates paid employment for early retirement, if he or she has worked in the Republic of Latvia at least for the previous 12 months and has continuously resided in the Republic of Latvia for more than three years. Continuous residing in the Republic of Latvia includes a period of employment in another Member State of the Republic of Latvia, the European Economic Zone, or the Switzerland Confederation;
2. Has continuously resided in the Republic of Latvia for more than two years and has terminated work in the Republic of Latvia due to permanent disability. In case, if such disability was caused by an accident at work or occupational disease, for which the individual is eligible to a benefit in the Republic of Latvia, the provision of period of residing is not applicable. Continuous residing in the Republic of Latvia includes a period of employment in another Member State of the Republic of Latvia, the European Economic Zone, or the Switzerland Confederation;
3. After three years long continuous employment relations and residing in the Republic of Latvia, is an employee or a self-employed person in another Member State of the Republic of Latvia, the European Economic Zone, or the Switzerland Confederation, by retaining his or her place of residence in the Republic of Latvia and by returning to it daily or at least weekly.

!!! A family member of a citizen of the European Union is entitled to reside permanently in the Republic of Latvia after continuous legal residing in the Republic of Latvia for five years.

!!! A family member of a citizen of the European Union, who is not a citizen of the European Union, is eligible to receive a residence permit:
1. For five years or shorter period, if envisaged period of stay of the citizen of the European Union is less than five years;
2. For 10 years, if the family member of the citizen of the European Union has been granted the right to reside permanently in the Republic of Latvia.

More information about residence permits: http://www.pmlp.gov.lv/en/pakalpojumi/uzturesanas.html

If You need immigration services or other legal services, please contact us
 Tel.             (371) 29 112 333    
 e-mail: visas@visas.lv

   Real estate

Our company works in field of real estate in market and territory of republic of Latvia. We provide the best solutions and render professional advices to our clients what helps easier to make decision and what will satisfy client specific needs.
We are specialized in various fields of real estate businesses. We work for your desires and our purpose is to offer and ensure absolutely safe services and high quality services willing to make long term cooperation.
 Our main services in Latvia are:
–          sales of real estate;
–          rent and lease of property (flat, house, land, office etc);
–          finding the best real estate (property) according to demands and interests of client;
–          Registration of real estate in the Land Register, preparing of the required documents;
–          Legal services, consultations and preparing all necessary documents for deal as well as making contracts on behalf of client and representing client;
–          Planning and administration of real estate on behalf of client;
      –          Representing our client interests in governmental institutions.

If You need immigration services or other legal services, please contact us
 Tel.             (371) 29 112 333    
 e-mail: visas@visas.lv

Immigration services » Long term Visa

  Long term visa is an individual single-entry, double-entry or multiple-entry visa enabling a foreign national to enter the Republic of Latvia within the specified period of time, once, two times or an unlimited number of times and accordingly stay there for the term indicated in the visa and depart from the country.

Long term visa is issued:

 1. If a foreigner needs to stay in the Republic of Latvia for more than 90 days within a six-month period and the issuance of a visa:

– complies with international legislation;

– complies with the interests of Latvian state;

 2. If a foreign national arrives with the purpose of obtaining a residence permit in the Republic of Latvia on the basis of a decision made by the 

Office of Citizenship and Migration affairs

 to grant a residence permit. In such cases a single-entry long–term visa with a term of validity of up to 30 days is issued.

 

With a long-term visa, the length of stay in the Republic of Latvia can exceed 90 days within a six-month period.

 

The maximum term of validity of a long-term visa is one year.

 

More information: http://www.pmlp.gov.lv/en/pakalpojumi/visa/visa_types.html

If You need immigration services or other legal services, please contact us

 Tel.             (371) 29 112 333      

 e-mail: visas@visas.lv

  Company formation

  Latvian company formation                   !!! Advantages of Latvian company !!!

   One of our main services is formation (establishing) companies in republic of Latvia in State Register of enterprises. Our employees according to your needs are ready to give you all necessary information and consultations about establishing Latvian company and necessary documents, as well as drawing up all required documents for registering of Latvian company.

 There are several company types in Latvia – Limited Liability Company, Joint Stock Company, individual businessman, limited partnership etc. Here you can find main necessary information about formation of most popular company type in Latvia– Limited Liability Company as well as our offered services related with changes in foundation documents of company.

 Requirements:

     – Minimum share capital – LVL 2000 (€3090), at least half to be paid up;

     – Minimum directors: one required;

     – No restrictions on foreign shareholders or directors;

     – Registered office address (Legal address);

     – A visit to Latvia is necessary to open a bank account, to sign documents and to discuss accounting requirements or there is also possibility to register company without visiting Latvia by making power of attorney to register company and open bank account and filling some necessary documents

Please feel free to contact us for additional information about these or alternative arrangements and possibilities.

 Benefits of limited liability company (LLC or SIA) in Latvia:

–          company is legal entity;

–          all company liabilities are limited with the share capital;

–          simply procedure of registration of company;

–          it is not necessary to visit Latvia for registering of limited liability company in Latvian state register of enterprises;

–          owner of limited liability company can be any person (legal entity and physical person) and also offshore company;

–          simply managing (can managed by one person);

–          there is not necessary for local (resident) director of company;

–          Corporate income tax of Limited Liability Company is 15%.

 Required information for registering LLC

–          company name (there can used letters of Latvian or Latin alphabet, must be different from name of already registered company);

–          legal address of LLC (legal address must be located in Republic of Latvia, we offer service of legal address);

–          information about founders of company;

–          information about board of members;

–    information about share capital;

If You need immigration services or other legal services, please contact us

 Tel.             (371) 29 112 333      

 e-mail: visas@visas.lv

 Company formation » Shelf company

Shelf company

   Latvia is just 20 years independent republic and there are a lot of possibilities to make business and there are many free segments and many segments of business are not filled.

   Business and companies are products which we can freely sell and buy if they are formed especially.

  There are two solutions:

 1. Establish a new company

 2. To buy already formed and running business

  We offer shelf companies in Latvia and ready business. Shelf companies are just registered companies in State register of enterprises and also registered in State revenue service as tax payers. Shelf companies are without any working history and are ready for doing business. See Timescales and Fees for additional information.

  There are some business segments which are full and there is not possibilities to start new one. In such situation there is possibility to buy a business.

If You need immigration services or other legal services, please contact us

 Tel.             (371) 29 112 333      

 e-mail: visas@visas.lv