Disregarding the tightened company formation and bank account opening procedures that had been implemented in Latvia, it still represents several benefits for corporate entities for doing of business, including the geographical positioning, qualified labour, and educational system, as well as transparent taxation structure for foreign investors. For the implementation of an investment decision towards Latvia Read more
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Lithuania continues to strengthen the business development environment for start-ups and helps them become stronger and more successful in the Lithuanian market. Read more
The problem that has arisen in practice, where Estonian companies are unable to open a bank account, will receive a solution no later than the 1st of January 2019, when Estonian companies will have the option to open an account in a foreign credit or payment institution. Read more
In May 2018 the amendments to the Law on the Prevention of Money Laundering and Terrorism Financing (“the Law”) came into force, which aimed to strengthen the Latvian state financial system by reducing the number of high-risk transactions with particularly high-risk customers, which are shell companies. At present, the Law sets the characteristic features of Read more
There have been no major acquisitions of any listed companies in Estonia for a couple of years already. With the exception of Järvevana (2014), the latest acquisitions date back to the previous decade – Norma (2010), Estonian Telecom (2009), Saku Brewery(2008) etc. Also, considering the importance of OEG for the stock exchange and for minority Read more
According to the current law, it is not allowed to manage Estonian companies from abroad. However, such a possibility is provided for starting next year, but in that case a contact person located in Estonia has to be appointed to receive documents. Read more
The issue of personal Management Board member liability of Latvian limited liability companies has attracted attention both locally and between non-residents serving as managers in Latvian companies. Read more