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Doing Business Guide in the Baltics.

Balti maksuuudised

18.10.2018
The list of the required documents for yacht registration in Latvia: your personal identification document (if you are the sole owner of the yacht as a natural person) of company’s registration certificate (if owner of the...
27.07.2018
Tax residency in Lithuania There are several possibilities how to become tax resident in Lithuania. Criteria for individuals to be considered a tax resident in Lithuania An individual (natural person) is treated as a tax...
10.04.2017
The program ‘Newcomer’ introduced by the Central Bank of Lithuania The Central Bank of Lithuania has made a promise to provide...
10.04.2017
The program ‘Newcomer’ introduced by the Central Bank of Lithuania The Central Bank of Lithuania has made a...
07.12.2016
On 15 November 2016 the Constitutional Court passed the judgement in Case No. 2015‑25‑01 “On Compliance of Section 60, Section 61 and Section 62 of...
19.09.2016
Latvia offers great incentives to incorporate for the Czech. Additionally, EU law implemented in the Latvia allows to exempt dividends withholding tax, as well as tax on interest and royalties. It is worth noting that...
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...
07.03.2016
Part 3 Register the transfer of title to the property in the Real Estate Register According to the Lithuanian law, the registration of...
03.09.2015
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...
05.08.2015
Protecting EU market from counterfeit products is a constant struggle. For this reason, new systems to protect intellectual property right holders are...
03.08.2015
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...
14.07.2015
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”?...
07.07.2015
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...
11.06.2015
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...
04.06.2015
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...
14.05.2015
Taxpayers Corporate income tax is paid by: domestic companies – residents; non-residents; non-resident permanent establishments that perform economic activity. Taxable...
06.05.2015
General corporate income tax rate in Lithuania is 15%. However, following the provisions of the Law on Corporate Income Tax, small companies can benefit from 5% corporate income...
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...
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...
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

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...
25.04.2017
When it comes to registration of a trademark in Europe, the European Union Intellectual Property Office holds the...
18.04.2017
At the beginning of the year, on 4thof January 2017, the Opposition Division of the EU...
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...
13.01.2017
Recently the General Court, acting as a first instance of the European Court of Justice issued a judgement, which refers to the trade mark registration in the European Union, describing the relevant provisions,...
11.01.2017
On 13th of September 2016 the Second Chamber of the General Court issued a judgement regarding revocation proceedings of an EU trade Mark. The main parties in...
02.01.2017
The Nice Classification is a system used to classify goods and services for international trade mark...
21.12.2016
On November 23, 2016 were accepted amendments to the Micro enterprise Tax Law, establishing that from January 1, 2017 the applicable tax rate will be 5% and the rate will no...
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 and...
15.11.2016
Media Law in Latvia for publishing industry The main legal act for the publishing industry in Latvia is the Law on the Press....
09.11.2016
Basic principles of Media Law in Latvia At the core of Latvian Media Law is the prohibition of government censorship. Additionally, Media Law seeks to...
07.10.2016
This year’s annual meeting was held in Chicago, USA and it...
14.09.2016
Latvia offers great incentives to incorporate for the Czech. Double Taxation Avoidance Agreement signed between Latvia and Czech Republic includes possibilities of 5% tax on dividends and tax exemption for personal...
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...
16.10.2015
On 16 June 2015 the European Court of Human Rights (ECHR) in the case of Delfi AS v. Estonia (application no.64569/09) finds that Delfi - a commercially-run internet news portal -...
16.06.2015
The Law on Consolidated Annual reports applies to commercial companies and co-operative societies registered in Latvia (hereinafter – the company) if they are parent...
01.06.2015
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...
26.05.2015
General principles Forums For Adjudicating Employment Disputes The Labour Dispute Law...

Sündmused

01.11.2018
Yacht Registration in Estonia: The Right to Fly the Estonian Flag 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...
23.12.2016
Amendments will enter into force on 18th January 2017. On Wednesday 14th of December, the Estonian Parliament adopted amendments to the Aliens Act with an objective of facilitating the settling...
24.11.2016
Basic principles of Media Law in Estonia The basic principles of Media Law in Estonia include the freedom of communication, the freedom to tell the truth, the avoidance of censorship, journalist...
07.04.2016
The WIPO (The World Intellectual Property Organization) has the Recommendation for the Protection of Well-Known Marks that is ’soft-law’, meaning that it is not a binding legal instrument. Majority of the...
07.09.2015
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...
21.07.2015
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...
27.04.2015
Taxpayers Corporate income tax is paid by: domestic companies – residents; permanent establishments of non-residents that perform economic activity (including...
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...
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...
17.02.2015
Structure Personal income tax is imposed on income acquired by a natural person, and it includes: income from employment; business income (self-employed income); gains from transfer of...
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...
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...
23.01.2015
Estonia has listed 55 countries that are on so-called black list because of their tax policy. The aim of this list to proof that the person who is involved in business is not located at low tax rate...
15.01.2015
According to the amendments made to the Income Tax Act, which became in force from the 1st of January 2015, all companies and permanent establishments located in Estonia...
06.01.2015
Option plans are good ways to reward employees for successful year or to bind them for the company. In Estonia option plans are taxed as fringe benefits. Fringe benefits are benefits received from the employer for...
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...
09.12.2014
In September Estonian Foreign Minister Mr Urmas Paet signed convention between the Republic of Estonia and the Kingdom of Morocco for the avoidance of double...
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...

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

 

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