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Doing Business Guide in the Baltics.

Skattenyheter i Baltikum

15.09.2016
Research and Development is highly encouraged in Lithuania as firms can deduct R&D expenditures 3 times. Moreover, 5% Corporate Income Tax is possible for the small...
17.08.2016
Financial year in Latvia starts with the registration of the company to Commercial Register regardless the date and ends on December 31. Income tax is valid for all resident companies and is defined...
04.08.2016
Tax benefits for Polish for personal income in Lithuania According to Lithuanian-Polish Double Taxation Avoidance Agreement Article 25, Polish resident that receives income in Lithuania is required to pay 15% tax...
14.06.2016
Latvia has listed 62 countries on a list of low or no tax states. Transactions with these countries have special regulations and are subject to particular taxes applicable for individuals and...
03.05.2016
Corporate income tax in Lithuania is paid by domestic companies – residents, non-residents and non-resident permanent establishments that perform economic activity in the country. Taxable objects in...
29.04.2016
Corporate income tax in Estonia is paid by domestic companies – residents, permanent establishments of non-residents that perform economic activity in the country (including branches) and non-residents acting as...
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...
18.04.2016
In Latvia corporate income tax is paid by domestic companies – residents, non-residents and permanent representative offices of non-residents that perform economic activity in the country. Taxable objects in...
05.02.2016
Micro company tax starting from January 1st, 2016 did not change and the tax of 9 % is applicable for companies with turnover till 7000 EUR, but micro companies with turnover from 7001 EUR to 100000EUR are subject...
02.02.2016
From January 1st, 2016 the vehicle operation tax for vehicles with gross weight till 12000 kg is increased more than twice in almost all weight categories. For example, for vehicles with gross...
27.01.2016
From January 1st, 2016 excise taxes for fuel has been increased. For example, excise tax for unleaded fuel increased from 411,21 EUR to 436 EUR (per 1000 litres), for petroleum gases and other gaseous hydrocarbons from 161 EUR to 206 EUR...
19.01.2016
The SRS has the power to determine taxable object that is decreased with taxes and fees on the basis of statement and levy fine in the amount of 100 %, if it is...
23.12.2015
De baltiska staterna har de bästa företagslösningarna i Europa, eftersom driftskostnaderna där är betygligt lägre än i övriga Europa. Särskilt i...
11.12.2015
The Saeima (Parliament) of the Republic of Latvia in the final reading accepted several amendments to the Gambling and Lottery law on 30.11.2015. The amendments are not in the force yet. Law...
13.10.2015
Please find below list of countries with which Latvia has concluded DTT. Albania Armenia Austria Azerbaijan Belarus Belgium Bulgaria Canada China Czech...
22.09.2015
On the 11th of September the Supreme Court of Estonia dismissed cassation submitted by Sirowa Tallinn (Sirowa) in relation with Tax...
28.07.2015
Following the amendments of the Law on VAT, reverse VAT charge shall also apply for construction works, even if customer and contractor are both established in...
21.07.2015
The MOSS system, otherwise referred to as mini one stop shop will allow merchants all over the EU to pay VAT more easily. The MOSS system has been introduced to ease the...

Juridiska nyheter i Baltikum

23.09.2016
To obtain work permit in Lithuania for EU citizensthere are no restrictions. However for Non-Nationals in Lithuania to get the employment permit there are certain procedures. Foreigners in Lithuania should first find an employer...
20.09.2016
In recent decision of the Opposition Division of EUIPO it was decided to reject a European Union trademark in its entirety due to the likelihood of...
19.09.2016
Lithuanian rules on Permanent Establishment stipulate requirements on a company acting through agent/representative, construction sites or using natural resources. Contradictions...
12.09.2016
Recent decision of the Board of Appeal in the European Union In the recent decision of the fourth Board of Appeal in the European Union in case R 892/2016-4, Applicant or Appellant AWG...
08.09.2016
Reinstatement of citizenship in Lithuania Recently Lithuanian government has enacted a new amendment to the Law on Citizenship of Lithuania. A new amendment eases path to reclaim citizenship in...
01.09.2016
One of the main reasons for trademark opposition in Estonia is identical or similar trademarks that have been registered earlier and, thus, can result in a likelihood of confusion. In order to avoid such disputes, it is useful to...
29.08.2016
Likelihood of confusion for trademarks in Lithuania is one of the main reasons for trademark disputes. This is due to the reason that new applications for registration are made without ensuring that no similar of identical...
25.08.2016
Often there are several disputes arising over the intellectual property rights due to the protection of trademarks, patents, designs and copyrights. The most frequent intellectual property dispute in Latvia is over trademarks due to...
11.08.2016
Nejběžnějsí formou společnosti vyskytující se v Lotyšsku je společnost sručením...
10.08.2016
Nejběžnějsí formou společnosti vyskytující se v Lotyšsku je společnost sručením omezeným...
09.08.2016
Company establishments in Sweden In order to establish a company in Sweden, there are several possibilities. A foreign company may set up: A branch office in Sweden, but a branch office is not however a separate legal...
15.07.2016
Nejběžnějsí formou společnosti vyskytující se v Lotyšsku je společnost sručením...
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...
12.07.2016
Directive 2014/67/EU on the enforcement of rules concerning the posting of workers came into force on June 18, 2016. On June 18, 2016 the DIRECTIVE 2014/67/EU OF THE EUROPEAN...
04.07.2016
According to the Commercial Code there are five forms of business entities, which are created by entry into the Commercial Register: private limited company, public limited company, general partnership, limited...
27.06.2016
Since the restoration of the independence in 1990 Lithuania has been firmly applying the principle of prohibition of double citizenship. There are, however, exeptions that allow eligible...
09.06.2016
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 established with 1 EUR or any other tangible property...
08.06.2016
Recently there have been made several amendments to the Immigration law in Latvia that will come into force on July 1, 2016. The new amendments have made changes regarding the repeated issuance...
26.05.2016
Buying property in the Baltics will qualify you for a residence permit in the country. For example purchase of a property will qualify you for receiving...
11.04.2016
On March 26, 2016 the Office for Harmonization in the Internal Market (OHIM) became the European Union Intellectual Property Office (EUIPO) when the Regulation (EU) 2015/2424 of the...

Affärsnyheter

06.09.2016
During 2016 summer Mr Trusevic, a very keen law student from Netherlands, spent a month on a internship at Gencs Valters law firm office in Vilnius, Lithuania. After his...
05.08.2016
Viesturs Tamužs, successful businessman and a partner at Eco investor, in his book ‘Ķīmiķis ķemmē un saķemmē’ (author’s translation: Chemist brush...
02.08.2016
At the summer of 2016 student from Finland (Lappeenranta) took part in internship in Gencs Valters Law firm. Intern took practical internship in Estonian office, Tallinn. Sara...
07.07.2016
In spring 2016 student from Georgia (Kutaisi) took part inGencs Valters Law firm'sinternship program. Intern took practical internship in Estonian...
30.06.2016
Tadas Bulota has joined our Law firm from June 20. He has gained strong legal background atChicago-Kent College of Law (Illinois Institute of Technology, USA) where he obtained...
19.05.2016
To expand the professional knowledge and experience about International taxation Gencs Valters Law Firm became a member of the...
17.05.2016
At the beginning of 2016 student from Finland (Helsinki) took part in internship in Gencs Valters Law firm. Intern took practical internship in Estonian office, Tallinn. Tommi...
13.05.2016
On 11 May, 2016 the 20th Annual General Meeting of the Swedish Chamber of Commerce in Latvia took place at...
02.05.2016
At the beginning of 2016 student from Finland (Kajaani) took part in internship in Gencs Valters Law firm. Intern took practical internship in Latvian office, Riga. Samuli...
13.04.2016
At the begining of 2016 student from Finland (Tampere) took part in internship in Gencs Valters Law firm. Intern took practical internship in Tallinn office, Estonia. Aleksi...
28.01.2016
In theautumn of 2014 student from Rome (Italy) took part in internship in Gencs Valters Law firm. Intern took practical internship in Tallinn, Estonia....
15.01.2016
On March 15th, 2016 Gencs Valters together with Multilaw will take part in lawyers’ informal networking event during MIPIM at the Miramar Page. MIPIM is the world’s...
17.12.2015
In theautumnof 2015 student from Belarus took part in internship in Gencs Valters Law firm. Intern took practical internship in Vilnius, Lithuania....
19.11.2015
In the summer of 2015 student from Göttingen (Germany) took part in internship in Gencs Valters Law firm. Intern took practical internship in Vilnius, Lithuania. Alexander Kopf was...
27.10.2015
In Latvia bank accounts are subject to bank scrutiny and some real business shall be present. However few Latvian banks offers the possibility to open a bank account for the foreign company and individuals. In that case...
19.10.2015
In the summer of 2015 student from Glasgow (Scotland) took part in internship in Gencs Valters Law firm. Intern took practical internship in Riga, Latvia. Kate Ireland was glad...
07.10.2015
Part three Restricting Future Activities A written agreement between an employee and an employer regarding the restriction of the occupational activities of the employee after termination of employment is possible. Such...
07.09.2015
Dear coorporation partners, We are glad to invite you to the SelectUSA Roadshow in Tallinn on 21st of September 2015. The aim...
04.09.2015
The new data on minimum wage across Europe published by Eurostat on July, 2015 proves that the Baltic States remain the most attractive countries for...

För ytterligare information, var god kontakta advokat Valters Gencs: info@gencs.eu

Denna information kan ej anses vara en konsultation eller ett juridiskt yttrande. 

© Valters Gencs Advokatbyrå, 2016

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