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After more than 10 years of discussions the Saeima has adopted the law popularly known as nil return. The much-anticipated regulatory enactment adopted December 1, 2011 by the Saeima is the law “On the declaration of property status of individuals and undeclared income”. Upon careful review of the said document we decided to seek advice on the main provisions of the new law from Aleksandrs Lenkovskis, lawyer of INLAT PLUS, and tax consultant Dmitrijs Serebrjakovs.
On Sunday, July 3 Law office INLAT PLUS took part in the celebration of the U.S. Independence Day.
of May 2011 law office INLAT PLUS took part in the conference organized by Latvian-British Chamber of Commerce.
Law office Inlat Plus hereby informs that Saeima has adopted amendments to the Immigration law which provide additional requirements for foreign investors applying for residence permit in Latvia. Whereas many consider new amendments more severe, however nervousness regarding some initiatives to remove certain sections completely from the law is now over.
As of 1 July 2010, new amendments to the Immigration Law came into effect providing the right to request a temporary residence permit in consideration for different kinds of investment.
Regularly law office INLAT PLUS gets letters from foreigners regarding new possibilities, as well as queries asking for legal help in carrying out the investment and in obtaining a temporary residence permit (hereinafter referred to as TRP). In order to reduce the amount of false transactions not allowing obtainment of TRP, Law office INLAT PLUS has made a review of the regulatory enactments and would like to share its experience.
Business for sale – a company, which is carrying out the construction of the terminal for oil products transshipment and storage in the special economic zone with the territory of 130 thousands sq.m.
The proposed investment object is a terminal located in Liepaja, Latvia, at the coast of Baltic Sea.
There is significant interest from the C.I.S. countries about making investments in Latvia and receiving permanent residence permits in return, reports Nozare.lv. Most "investors" wish to invest in real estate in Riga and Jurmala, as Rietumu bank and legal offices "Inlat Plus" noted to the daily Diena.
Law office Inlat Plus has thirteen years of experience in company formation in Latvia. For our foreign clients we offer a wide range of services including organization of different types of business (such as limited liability company (SIA), joint stock company (A/S), branch office, representative office), staff recruitment, opening of a banking account, complex legal support and bookkeeping support, providing with a legal address, as well as office and warehouse premises.
Vital amendments to the Immigration law offering new possibilities for obtaining residence permits will come into lawful effect on 1st of July 2010.