THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. You should always consult with and rely on your own legal and/or tax advisor(s). G-P does not provide legal or tax advice. The information is general and not tailored to a specific company or workforce and does not reflect G-P’s product delivery in any given jurisdiction. G-P makes no representations or warranties concerning the accuracy, completeness, or timeliness of this information and shall have no liability arising out of or in connection with it, including any loss caused by use of, or reliance on, the information.
Employer of Record in Latvia.
G-P provides employer of record services for customers that want to hire employees and run payroll without first establishing a branch office or subsidiary in Latvia. Your candidate is hired via G-P’ Latvia PEO in accordance with local labor laws and can be onboarded in days instead of the months it typically takes. The individual is assigned to work on your team, working on your company’s behalf exactly as if he or she were your employee to fulfill your in-country requirements.
12Holidays per year
40hours per weekWorking hours per day or month
Payroll in Latvia.
Latvia is a small country that’s part of the Baltic states in Northern Europe. With a western edge along the Baltic Sea, the country is in a great location for companies that want to form relationships with other businesses in Europe. Although it’s exciting to form a new company location, you have to worry about setting up your Latvia payroll and staying compliant.
Compensation & Benefits in Latvia.
Compensation & Benefits in Latvia.
One of the keys to retaining great employees is offering competitive benefits and compensation. Your Latvia benefits management plan must include the country’s statutory minimums, but you can add supplemental benefits to stand out from other employers. You also need to meet Latvia’s compensation laws to stay compliant.
EUR620 per monthMinimum wage per month
4weeksAnnual vacation leave (min)
Latvia Subsidiary.
Establishing a Latvia subsidiary is the most important part of your expansion. You need a registered entity before you can hire employees, establish a payroll, and give out benefits and salaries. However, it can take months to learn how to set up a Latvia subsidiary — even longer if you fail to follow all of the country’s laws.
Latvia Visas & Permits.
With one of the fastest growing economies in Europe, Latvia is a destination of choice for many expatriates and international companies. If your company is planning a Latvian expansion, a team of talented workers can go a long way toward ensuring a smooth transition. That said, recruiting employees is just one step of the process. You’ll also need to ensure that all of your employees have the visas and permits they need to live and work in Latvia legally.