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If you are considering opening a restaurant, bistro, cafe, bar or other eatery in Latvia, we will discuss aspects such as real estate, business registration and company formation, permissions and licences, recruitment, creating a potential customer base and tax regulations.
How to register in VAT Registrar?
Registration of Value Added Tax (VAT) taxable persons at the State Revenue Service (SRS) is governed by the Law on Value Added Tax listing VAT taxable transactions and their taxable value, as well as by the Cabinet Regulations No. 933 Procedures for the Application of Provisions of the Law on Value Added Tax adopted on 2013.
Commercial Register
The Register of Enterprises commenced its operation on 1 December 1990 when active establishment of private companies began. The institution began to operate as a part of the Ministry of Justice.
Land register
Only the person, who is registered as the owner in the Land Register, can be recognised as such. Until registration in the Land Register, the person acquiring the immovable property has no rights against third parties.
An alcohol sales license
A licence gives the right to sell alcoholic beverages or tobacco products only at the place indicated therein. A licence may be used only by the person to whom it was issued.
Bank list
List based on Participants of the Bank of Latvia Settlement Systems listed on official website of the bank.
Find the website here: Bank of Latvia
Bank account opening for your needs in Latvia, both natural persons and companies.
Register of Enterprises
Register of Enterprises is the central institution which keeps all data and records up to date. It is mandatory to submit incorporation documents with the registry at the moment of company establishment.
Residence permit
A residence permit is a document that gives a foreign citizen the right to temporarily (a temporary residence permit) or permanently (a permanent residence permit) stay in the Republic of Latvia.
https://www.baltic-legal.com/more-about-business-set-up-latvia-eng.htm
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