Baltconsult provides consultations on issues related to business activities of your company. Our company experts will reply to all questions regarding the start of entrepreneurial activities and will provide comprehensive information on subtleties regarding the obtaining of a residence permit in Latvia. 

Baltconsult provides their clients with consulting services regarding issues of commercial, financial, banking, corporate, migration, labour and civil law of the Republic of Latvia.

Budget is one of the most efficient tools of monitoring the efficiency of a company. Financial experts of Baltconsult will assist in auditing your budget system and will give recommendations for its improvement – we will check the accounting records and financial transactions of your company. 

Conducting business operations in the EU requires deliberate decisions and enhanced mobility, as well as a capability to master new standards and conditions of entrepreneurial activities within a short amount of time.

Our services help in taking decisions and include:

• Performing analysis of the anticipated business, selection of the operation methods
• Evaluation of the potential for entering the market
• Consultations and comments on commercial legislation of the Republic of Latvia
• Selection of an organisational and legal form for conducting business
• Evaluation of the forecast for further development of a company
• Collection of information and development of constituents of a business plan
• Consideration and forecast of anticipated taxes and profit
• Development of a system of accounting records
• Solution of organisational issues
• Arranging of a primary consultation regarding acquisition of real estate

Baltconsult provides support in execution of documents and registration of a limited liability company (SIA), as well as a branch or a representative office of a foreign company in the territory of Latvia.

Advantages of registration of a limited liability company (SIA):

• Possible remote registration of a company (no need to come to Latvia)
• Quite simple and short procedure of a company establishment – from two days
• A company may be 100% owned by foreign residents (including a foreign company from a low-tax jurisdiction)
• No requirements for availability of a local member of the board
• Any shareholder of a LLC (SIA) may leave the company any time, regardless the availability of approval of other shareholders
• The corporate tax rate is 25% and is calculated from the amount of distributed profit. If the profit is reinvested, then there is no obligation to pay corporate income tax

Baltconsult offers financial consultations on any issues of conducting financial transactions, taxation and expenses and preparation of a financial plan of operation in compliance with the tax legislation of the Republic of Latvia.

You can receive consultations on tax planning issues regarding:

• Taxation and profit
• Value added tax
• Taxation of real estate transactions 
• Taxation of capital and dividends
• Preparation of tax declarations for natural persons
• Sale of assets
• Debt redemption
• And other operations 

The experience of our experts allows selecting and offering the optimum solution for each specific case efficiently and detailed towards the specific features of each business.

Our solutions in the field of corporate consulting pertain to:

• Assessment of a business
• Due diligence of companies
• Execution of merger and acquisition transactions
• Support of transactions on acquisition or sale of shares
• Organisation of project financing and placement of temporarily free funds
• Financing from the European Funds
• Assistance in obtaining licences (including brokerage or e-commerce licences)

Activities of Baltconsult encompass the entire range of services related to registration, obtaining of licences and the subsequent support of broker’s investment companies, payment aggregators and organisations providing payment services (issuing e-money).

We offer consultative services and full legal support regarding the following issues:

• All-round support for the registration of a new company
• Introduction of required changes in the already registered companies, fulfilling all requirements established in the laws and regulations of the Republic of Latvia
• Preparation of a full package of documents required for obtaining a licence and further operation of companies
• Representation of the client in the Financial and Capital Market Commission and other regulating bodies for obtaining a licence and approval of documents
• Full support of a company in Latvia and beyond its borders
• Provision of a legal address
• Taxation and economic consultations
• Provision of accounting and auditing services, assistance in sourcing human resources and translation of documents