When starting a collaboration with a new business partner, it is highly recommended to verify the business partner's company data in the national registers.

An enterprise needs to register a business unit when expanding its activities or offering services in an Internet environment.

The laws and regulations and other binding documents prescribe a number of requirements that an economic operator must observe and ensure the fulfilment thereof when performing economic activity, it must pay taxes and duties in number. Latvia has several types of taxes: 1. excise duties 2. natural resources tax 3. electricity tax 4. lottery and gambling tax 5. personal income tax 6. micro-enterprise tax 7. customs duty 8. real estate tax 9. value added tax 10. solidarity tax 11. subsidised electricity tax 12. vehicle operating tax 13. corporate income Tax 14. company car tax 15. mandatory state social insurance contributions Tax returns must be submitted and payments made using the electronic Declaration system (EDS) of the State Revenue Service.

Financial support for economic operators is available in the form of various European Union (EU) fund programmes and other financial instruments. More information on EU fund programmes and forms of support can also be found on the http://www.esfondi.lv website. CFLA Customer Service Centre provides advice and answers on EU funds support options.

The public procurement regulation shall apply to persons (including public persons and merchants) who receive public financing, as well as suppliers who wish to participate in the public procurements announced as suppliers of goods, providers of services or performers of construction works. In order to participate in procurement procedures and procurements, as well as in order to verify its eligibility for participation in procurement procedures and procurements, the supplier must make a first registration with the EIS.

Different cross-border cooperation programmes shall be implemented within the framework of the European Union Structural and Investment Funds objective “European territorial Cooperation” with the support of the European Regional Development Fund from 2021 to 2027. Similarly, in the field of international carriage of passengers and freight by road Road Transport Administration” implements a single State policy and issues the documents necessary for the performance of the relevant carriage, ensuring equal conditions of commercial activity and support for participants in the international road transport market.

Latvia has several organisations representing the interests of enterprises in negotiations with state institutions and can be divided into several levels: national players, regional associations (according to your territorial affiliation in the region) and industry-specific associations. State-level organisations (Latvian Chamber of Commerce and industry, Employers' Confederation of Latvia, Foreign investors' Council in Latvia) act as umbrella-type associations, bringing together smaller regional associations and different companies. They actively negotiate with the state and monitor the improvement of the business environment in Latvia, promote the competitiveness of companies and improve exports.

In doing business, it is important to comply with the legal requirements. Honest and successful business is a pride for the entrepreneur himself and its customers. What can be business breaches? 1. Illegally employed workers 2. Cartels 3. Abuse of a dominant position 4. Control of mergers of market participants 5. Unfair retail practices 6. Violations of the Advertising Law 7. Taxes not paid on time

If the consumer has not fulfilled his or her obligations, the creditor (i.e. any merchant who provides services or sells goods to the consumer) or provider of debt recovery services has a duty to notify the debtor in writing regarding the existence of the debt and to invite him or her to voluntarily fulfil the arrears.

Relations between a merchant and a consumer are governed primarily by the Consumer Rights Protection Law (PTAL) and other laws and regulations governing consumer rights protection, so the rights and obligations of the parties arising from a legal transaction entered into between them, such as a contract of sale, must also comply with consumer rights protection requirements and not only formal requirements regarding legal transactions in general.

Statistical information useful for business purposes.

In doing business, it should be assumed that from time to time supervising authorities may want to check your company, depending on the business sector and requirements.

Mergers are governed by the provisions of the commercial Code. Mergers can take two forms: how to add (a commercial company transfers all its property to another commercial company) or how to merge (two or more commercial companies shall transfer all their property to a newly founded commercial company). Information on the stages of the merger is also available on the UR website.

Submissions and inquiries can increasingly be written and received electronically by different public authorities, i.e. via the E-address communication channel.

For the receipt of consultations for the commencement and performance of entrepreneurship, the relevant institution may be referred to the relevant institution.