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Doing Business Guide in the Baltics.

Balti maksuuudised

05.10.2018
Our Law Firm on behalf of our client purchases creditor`s claims against JSC “ABLV Bank” in Latvia. We hereby inform, that our client has extensive experience in...
07.03.2017
You are cordially invited to the 10th Business seminar on “Expatriate Tax planning 2017 in the Baltics“ in cooperation with Swedish Chamber of commerce in Latvia. The seminar takes place on...
17.11.2016
“Baltic Taxes” available on the Apple App Store and the Android Market Baltic Taxes is a tax planning and optimization application which helps the user to calculate the VAT, corporate...
13.07.2016
On July 1, 2016, amendments to the Immigration Law of the Republic of Latvia came into force, modifying the provisions for receiving temporary residence permit and reissuance of the...
05.07.2016
Corporate income tax in Estonia is paid by domestic companies – residents, permanent establishments of non-residents that perform economic activity in the country (including branches) and non-residents acting as...
29.06.2016
A micro company (MB) is a legal form of business that was introduced in Lithuania in 2012. MB is not required to have a minimum share capital, thus a micro company may be...
21.04.2016
A micro company (MB) is a legal form of business that was introduced in Lithuania in 2012. MB is not required to have a minimum share capital, thus a micro company may be...
07.04.2016
Starting fromJanuary 1st, 2016excise taxes for fuel has been increased. For example, excise tax for unleaded fuel increased from 411,21 EUR to 436 EUR (per 1000 litres), for petroleum gases and other gaseous hydrocarbons from...
07.09.2015
Starting from 13th May 2015 new amendments in micro company tax are in force. The previous regulation of micro company tax Till the amendments the following rates of...
14.07.2015
Protecting EU market from counterfeit products is a constant struggle. For this reason, new systems to protect intellectual property right holders are...
08.07.2015
Location Of Work/Mobility The employee’s normal place of work must be specified by the employer in writing. Mobility clauses can be included in the contract ofemployment, but they cannot be...
04.06.2015
The Law on Consolidated Annual reports applies to commercial companies and co-operative societies registered in Latvia (hereinafter – the company) if they are parent...
26.05.2015
As of 1 January 2013 the holding regime has been introduced in Latvia. Such regime provides less tax burden In Latvia from receiving and distributing profits. Receiving dividends and profit taxation In line with Latvian legislation...
27.04.2015
Taxpayers Corporate income tax is paid by: domestic companies – residents; permanent establishments of non-residents that perform economic activity (including...
13.04.2015
Taxpayers Corporate income tax is paid by: domestic companies – residents; non-residents; permanent representative offices of non-residents that perform economic...
02.04.2015
Taking into account that there are different corporate tax rates in European Union member states, corporate income tax is used as a tool to attract...
31.03.2015
It makes us proud to announce that Gencs Valters Law Firm, a full service law firm in Latvia, Estonia and Lithuania, has crossed another milestone. On March 9th, 2015 our firm celebrated 15 Year...
17.03.2015
Structure Personal income tax is imposed on income acquired by a natural person, and it consists of: income from employment; business income (self-employed income); gains from transfer of...

Balti õigusuudised

31.10.2018
In order to register a yacht in Estonia, it is necessary to provide proof of the right to fly the Estonian flag. Consequently, it is important to understand who may or is obliged to fly the Estonian flag on their...
25.04.2017
When it comes to registration of a trademark in Europe, the European Union Intellectual Property Office holds the...
10.04.2017
The program ‘Newcomer’ introduced by the Central Bank of Lithuania The Central Bank of Lithuania has made a promise to provide...
08.12.2016
Recent situation with violations found also in resident banks in Latvia shows us that Prevention of Money Laundering and Terrorist Financing law in Latvia applies the same to all kind of...
01.12.2016
Currently gaps are not only in non-resident banking system, but violations are found as well in resident banks in Latvia. During last year Financial and Capital Market Commission in Latvia...
25.04.2016
How to collect debt in Lithuania? Regarding possibilities to request debt collection in Lithuania please be informed of the following. Verifying the debtor in Lithuania...
11.01.2016
In today's Latvia, a foreign national essentially stands in the same position as a Latvian citizen when it comes to the purchase of the real estate and to the costs associated...
05.08.2015
Part three Types Of Agreement Employment contracts may be: non-term; fixed-term, temporary, seasonal; on additional work, secondary job; with home workers; on the supply of servicesand other. As a rule, an employment contract...
03.08.2015
Every product has its own features such as lines, contours, colors, shape, texture and materials used, or its ornamentation. The design of a product is very important and can be protected by registering it as a...
08.07.2015
Nowadays word-of-mouth is not considered a reliable way to inform customers about company’s production. Advertising is crucial in order to get rapid sales of a product or service, and to have a successful...
11.06.2015
Legal Requirements As To The Form Of Agreement There is no legal requirement for a contract to be in writing. If a person does work for another person for remuneration, it is presumed to be an employment contract and...
14.05.2015
On Thursday, 7 May, the Parliament of the Republic of Latvia endorsed the new concept of the Repatriation law on the first reading. According to present version of...
10.04.2015
According to the Law on Citizenship, there are three ways how person can become citizen of Republic of Latvia- ancestors of...
30.03.2015
According to the Law on Citizenship, persons whose ancestors were citizens of Lithuania have a right to reinstate their citizenship. But what seems as a simple administrative procedure, can...
26.02.2015
Procedures For Terminating the Agreement In all cases the termination of an employment contract must comply with the...
19.02.2015
Changes To The Contract In the event of changes in production, its scope,...
16.02.2015
General Principles Forums For Adjudicating Employment Disputes The Labour...
04.02.2015
European Union citizens EU citizens have the right to stay in Estonia on the basis of a valid travel document or identity card for the period of up to 3 months. If the person wishes to stay...

Äriuudised

23.10.2015
Some Estonian banks do offer also the possibility to open a bank account for the foreign company. In that case there are several documents that need to be presented to the bank. Please find...
16.06.2015
Registering your invention seems like a long and complicated process. Taken into account the administrative burden and patenting costs, inventors often ask “is it really worth it”?...
01.06.2015
Part one Forums For Adjudicating Employment Disputes The Labour Inspectorate has exclusive jurisdiction for most employment claims, but in certain cases and when the parties fail to reach...
12.05.2015
General principles Forums For Adjudicating Employment Disputes The Labour Dispute...
15.04.2015
Commission of European Union released 18 March 2015 new tax transparency package. The package is aimed to put down tax avoidance and transfer pricing arrangements...
24.03.2015
From January 2015 Estonian Commercial Code was amended. The most significant change was new simplified procedure for...
20.03.2015
On the 11th of February the Parliament of Estonia adopted new amendments to the Commercial Code. These...
10.02.2015
The ruling regarding minimum rate of interest on fringe benefits from the Minister of Finance was nullified and staring from2015 issuing loans on market terms to the employees or persons equal...
19.01.2015
Brokerage services are usually defined as buying and selling of financial securities (or financial instruments) which include research and advice for the clients of a brokerage firm. Not to be confused with investment...
14.01.2015
Minimum monthly salary and the minimum hourly wage rate According to amendments in the Regulations of the Cabinet of Ministers of the Republic of Latvia regarding the...
10.01.2015
Similar to the Green Card in the USA, the EU blue card offers highly educated employees from third countries the opportunity and the right to work and stay in...
22.12.2014
Concept of Franchise Franchise is regulated in Estonia under Law of Obligations act. The act defines that franchise is a contract where one person undertakes to grant to another person a set of rights and information that belongs to the...
11.12.2014
Successful business model or brand may be leased to another party for period of time; this practice is regarded as franchising. For lessor, otherwise known as franchiser, franchising opens an opportunity to increase the notoriety of the brand...
08.12.2014
Prohibited agreements The Competition Law prohibits and proclaims null and void all agreements...
04.12.2014
Ministry of Justice in Estonia have proposed that starting from 2016 failure to submit annual reports on time would lead to fines. Also, Ministry...
03.12.2014
Following January 1, 2015 all the companies registered in Lithuania are imposed with obligation to change their share capital as the country...
26.11.2014
Mergers, divisions and changes in the form of Latvian companies fall under the reorganization rules. Information further covers the main legal and...

Küsimustega palun kontakteeruge Valters Gencs, advokaat: info@gencs.eu

 

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