Baltic Business Consulting

Baltic Business Consulting Baltic Business Consulting is one of the leaders in providing professional services related to incor

The list of the Baltic Business Consulting services includes: registration and sales of businesses, accounting and auditing, legal advice, virtual office facilities, real estate management, as well as visa support and assistance with immigration and obtaining a residence permit in Latvia. Serving over 150 regular clients from all over the world, Baltic Business Consulting successfully operates in the market for over 10 years. The company’s main priorities are:

- Offering a full package of business services, tailored individually for each client;
- Providing all available company’s resources and experience in order to solve the customers’ problems;
- Assuring individual approach to each client and developing the most reliable and effective solutions to every problem;
- Helping customers with all aspects and subtleties of doing business in Latvia.

Managing Baltic companies remotely from another jurisdiction can create significant tax risks that international entrepr...
12/08/2026

Managing Baltic companies remotely from another jurisdiction can create significant tax risks that international entrepreneurs often remain unaware of. If key management and operational decisions are made outside the country of business incorporation, tax authorities may recognize the existence of a permanent establishment or classify the company as a tax resident of a foreign country.

This discrepancy between the legal address and the actual place of management leads to the risk of double taxation, unexpected corporate income tax assessments, and penalties for non-compliance with reporting procedures. To eliminate these threats, cross-border businesses need to establish a real economic presence (substance) in the Baltic countries and properly structure their corporate governance.

Mitigating tax risks requires clear documentation of management decisions, application of Double Taxation Agreements (DTAs), and a professional audit of accounting policies.

💬 Elena Yudinceva, Head of Accounting, BBCRiga:
“Remote management of Baltic companies without a proven economic presence creates the possibility of double taxation. Proper coordination of accounting, local management, and international tax treaty provisions is the only possible way to protect capital from claims by tax authorities in different countries.”

👉 Prevent the risks of double taxation and protect the tax status of your business in the Baltics: https://www.bbcriga.com/

Investment programs for obtaining EU residency status and a Latvian residence permit are a sought-after tool for entrepr...
10/08/2026

Investment programs for obtaining EU residency status and a Latvian residence permit are a sought-after tool for entrepreneurs seeking freedom of movement and capital protection.

Unlike direct migration procedures, investing in financial assets or company share capital attracts investors due to its predictability and clear legal framework.

In turn, the successful implementation of any investment strategy depends entirely on the quality of preliminary compliance. Latvian credit institutions and the Office of Citizenship and Migration Affairs (PMLP) impose strict requirements for verification of the source of funds (SoF/SoW).

Any discrepancies in the initial financial documents or non-compliance with AML standards can lead to delays or blocking of the transaction. Professional legal support ensures the synchronization of bank checks, financial instrument audits, and migration procedures, guaranteeing the complete security of the investor's capital.

👉 Get expert guidance on securing your Latvian residence permit and passing bank compliance: https://www.bbcriga.com/

For corporate directors in Vilnius and Tallinn, regional expansion is standard. But if you look past marketing headlines...
07/08/2026

For corporate directors in Vilnius and Tallinn, regional expansion is standard. But if you look past marketing headlines at actual cash flow math, a clear structural trend emerges: an increasing number of Lithuanian and Estonian enterprises are shifting their expansion and capital-pooling nodes to Riga.

👉 Read our newest blog about 0% CIT in Latvia - https://www.bbcriga.lv/blog/latvian-core-advantage-0-cit-on-reinvested-earnings/

Transactions between related companies are strictly monitored by the Latvian State Revenue Service (SRS / VID). Failure ...
05/08/2026

Transactions between related companies are strictly monitored by the Latvian State Revenue Service (SRS / VID). Failure to comply with transfer pricing (TP) rules creates direct risks for medium-sized businesses of additional corporate income tax assessments, penalties, and late payment interest.

Latvian tax legislation requires intra-group pricing to comply with the arm's length principle. Depending on transaction volumes, companies are required to prepare TP documentation confirming their market nature. The security of international transactions depends on a thorough functional analysis, clear justification of pricing methods, and the alignment of contracts with actual economic substance.

💬 Natalja Kostina, Head of Tax and Compliance, BBCRiga:
“TP audits have long affected medium-sized businesses: the SRS actively requests price justifications. Having accurate documentation allows businesses to pass audits with confidence and guarantees that the terms of their transactions will not raise questions from tax authorities.”

👉 Protect your international transactions from SRS tax risks: https://www.bbcriga.com/

Registering a European Union Trade Mark (EUTM) through the EUIPO is one of the most effective ways to protect the brand ...
04/08/2026

Registering a European Union Trade Mark (EUTM) through the EUIPO is one of the most effective ways to protect the brand and intangible assets of medium-sized enterprises entering the European market. A single application provides legal protection in all 27 EU countries, preventing unfair competition and increasing the company's market value.

It is important to note that obtaining pan-European status requires a detailed preliminary check. Even if a similar local mark exists in only one EU country, the rightholder has the right to file an opposition, which in turn creates the risk of refusal of the entire application without a sound strategy.

The success of the procedure depends entirely on a high-quality trade mark search in databases, the precise selection of Nice Classification classes, and the development of a system for subsequent monitoring of potential infringements in the market.

💬 Igors Dzivaga, Head of Legal, BBCRiga:
“Registering a trademark in the EU is not a formality: it is an important strategy for protecting key business assets. A preliminary risk audit allows you to avoid costly litigation and build a robust intellectual property portfolio for international expansion.”

👉 Secure your brand across the EU with expert IP and trademark support: https://www.bbcriga.com/

Buying an established business in Latvia is a quick way to enter the EU market, but such a transaction, in turn, require...
31/07/2026

Buying an established business in Latvia is a quick way to enter the EU market, but such a transaction, in turn, requires a thorough and responsible analysis of hidden financial and legal risks.

Acquiring an existing company means assuming not only its assets but also its entire corporate history. Without comprehensive due diligence, the new owner runs the risk of encountering past tax arrears, hidden liabilities, or problems with bank compliance.

When purchasing an existing business in Latvia, entrepreneurs should pay attention to several key factors:

1️⃣ A full audit of the company's financial statements with the SRS (Valsts ieņēmumu dienests) to exclude hidden debts and penalties.
2️⃣ Verification of existing commercial contracts, litigation risks, and data in the Register of Enterprises (Uzņēmumu reģistrs).
3️⃣ Account and credit history audits to ensure that a change of beneficial owner (UBO) does not raise questions from banks.

👉 Protect your investment and ensure full compliance when buying a company in the EU: https://www.bbcriga.com/

For medium-sized businesses entering the European market, ESG compliance is no longer just a matter of image — it's now ...
29/07/2026

For medium-sized businesses entering the European market, ESG compliance is no longer just a matter of image — it's now an essential operational requirement.

Even if your company isn't directly subject to mandatory reporting under the CSRD, large European partners are legally obligated to audit their entire supply chain. The lack of clear ESG data creates direct risks for banking relationships and the company's existing contracts.

To maintain cooperation with European partners and ensure bank compliance, it's important for companies to focus on several factors:

🔷 Labor standards: Full compliance with local labor laws (Darba likums) and supply chain transparency are essential.
🔷 Carbon metrics: It's important for companies to be prepared to provide baseline data on emissions and energy consumption (Scope 1 and 2).
🔷 VSME Standard: The implementation of the EU voluntary standard for small and medium-sized businesses simplifies auditing by counterparties.

💬 Natalja Kostina, Head of Tax and Compliance, BBCRiga:
"In today's European Union market, regulatory safety has long gone beyond basic tax reporting. In the current situation, corporate clients and banks evaluate a business's reliability by the quality of its operational data."

👉 Ensure your business meets EU compliance standards and bank requirements: https://www.bbcriga.com/

Address

Riga
LV-1009

Opening Hours

Monday 09:00 - 18:00
Tuesday 09:00 - 18:00
Wednesday 09:00 - 18:00
Thursday 09:00 - 18:00
Friday 09:00 - 18:00

Telephone

+37167160320

Website

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