27.01.2015
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...
20.01.2015
European Union citizens EU citizens have the right to stay in Latvia on the basis of a valid travel document for the period of up to 3 months within half a year counting from the first...
14.01.2015
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...
10.01.2015
Brokerage services are usually defined as buying and selling of financial securities (or financial instruments) which include research and advice for the clients of a brokerage firm. Not to be confused with investment...
07.01.2015
Minimum monthly salary and the minimum hourly wage rate According to amendments in the Regulations of the Cabinet of Ministers of the Republic of Latvia regarding the...
23.12.2014
Similar to the Green Card in the USA, the EU blue card offers highly educated employees from third countries the opportunity and the right to work and stay in...
08.12.2014
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...
28.11.2014
Successful business model or brand may be leased to another party for period of time; this practice is regarded as franchising. For lessor, otherwise known as franchiser, franchising opens an opportunity to increase the notoriety of the brand...
19.11.2014
Following January 1, 2015 all the companies registered in Lithuania are imposed with obligation to change their share capital as the country...
10.11.2014
Framework of commercial competition in Estonia is provided in the...
04.11.2014
Relocating your business to another country or city is not only an excellent way to expand your company but it is also a great way to reduce and optimize costs and taxes. The most common question is: which country (or city) to...
29.10.2014
Relocating your business to another country or city is not only an excellent way to expand your company but it is also a great way to reduce and optimize costs and taxes. The most common question is: which country (or city) to...
27.10.2014
Successful business model or brand may be leased to another party for limited amount of time, this practice is regarded as franchising. For lessor, otherwise known as franchiser, franchising opens an opportunity to increase the notoriety of...
21.10.2014
The Latvian government introduced in August a new regulation enabling Latvia’s lotteries and gambling regulator to...
13.10.2014
Due to economic conditions sometimes it is required to relieve more than one employee at a time. Although these actions are necessary to preserve the business or reduce the expenditures, termination of multiple...
07.10.2014
On Thursday, 25 September, 2014 the Saeima of the Republic of Latvia has approved in the last reading amendments in the Insolvency Law. According to approved amendments, in...
01.10.2014
Relocating your business to another country or city is not only an excellent way to expand your company but it is also a great manner to reduce costs. The most common question is: which country (or city) to choose? While...
22.09.2014
Accounting records According to laws, accounting records shall clearly display the transactions and financial results of a company, and it shall give a true and fair view of its financial...
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For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu


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The material contained here is not to be construed as legal advice or opinion.

© Gencs Valters Law Firm, 2014