Focus on your goals

Our mission is to let you concentrate on your core business

Sign up for a free meeting

to discuss your needs and see how we can help

What are your needs?

Foreign investor acquiring
a company that holds a
commercial real estate
in Latvia

Foreign investor acquiring a company that holds a commercial real estate in Latvia

  • Take over accounting of the company holding the real estate from the seller
  • Ensure compliance with Latvian legal requirements
  • Maximize revenues from tenants
  • Minimize costs and operating risks
Foreign investor acquiring
a commercial real estate in Latvia

Foreign investor acquiring a commercial real estate in Latvia

  • Take over accounting from the seller
  • Ensure the company's compliance with Latvian legal requirements
  • Maximize revenues from tenants
  • Minimize costs and operating risks
Foreign investor acquiring
a Latvian company

Foreign investor acquiring a Latvian company

  • Take over accounting from the seller
  • Ensure the company's compliance with Latvian legal requirements
  • Maximize revenues
  • Minimize costs and operating risks
Manager of a Latvian
service company

Manager of a Latvian service company

  • Ensure the company's compliance with Latvian legal requirements
  • Maximize revenues
  • Minimize costs and operating risks
Manager of a Latvian
subsidiary of an
international trade
company

Manager of a Latvian subsidiary of an international trade company

  • Ensure the company's compliance with Latvian legal requirements
  • Maximize revenues
  • Minimize costs and operating risks
  • Report to the group in accordance with the group requirements
Finance Director of a Latvian subsidiary of an international real estate development company

Finance Director of a Latvian subsidiary of an international real estate development company

  • Ensure the company's compliance with Latvian legal requirements
  • Maximize revenues
  • Minimize costs and operating risks
  • Report to the group in accordance with the group requirements
Investment fund manager

Investment fund manager

  • Know what is happening in the companies you invested in
  • Receive clear and complete investment applications
  • Perform due diligence before investing
  • Support growth of the companies you invested in
Start up or a company
seeking attraction of
financial investment

Start up or a company seeking attraction of financial investment

  • Prepare an investment application and business plan
  • Have a strong team member in charge of finance

Our Clients do business in the following areas

Highlights

TAX REFORM — Check your loans to related parties

From 1 January 2018, signficant changes in Corporate Income Tax (CIT) law come into force. The changes are a part of changes taxation principles that affect several taxes referred to as "Tax Reform". According to the new CIT law loans issued to related parties may be treated as conditional profit distribution and taxed at the rate of 25% from the amount transferred in the month of transfer.

TAX REFORM — Starting from 2018, CIT is paid not annually but at profit distribution

At the moment, and until the end of 2017, companies pay Corporate Income Tax (CIT) in the amount of 15% every year when they have taxable profits. As a part of Tax Reform, from 2018 CIT is payable at profit distribution. This means companies do not have to pay CIT every year when they have taxable profits. Instead, they have to pay tax at the rate of 20% when they distribute dividends.

For profit making companies and international groups, it becomes very favorable to use a Latvian company for accumulation of profits. On the contrary, the loss-making companies suffer, since they have only 5 years to use their accumulated tax losses and they will be able to use only 50% of their accumulated tax losses.

Join Assistants to Business

It is all about help in reaching goals. As a company, we have our goals. And we reach them by helping our Clients to reach theirs. You have goals of your own. Is your goal becoming a highly skilled chief accountant, finance director, company director or business owner? Do you need a job where you can not only earn money but also learn and grow? Then join Assistants to Business.

Previous experience is not required for Intern and Assistant Accountant position.