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After the amendments to the Law on the Prevention of Money Laundering and Terrorism Financing entered into force on March 1, 2016, some of our clients applied to us with a request to comment on these amendments in terms of their compliance with the Constitution of the Republic of Latvia and the Declaration on the protection of fundamental human rights and freedoms.
Expanding the scope of its activities, Law Office INLAT PLUS has entered into a cooperation agreement with the Australian company, which has more than 15 years of experience in the field of migration legislation of Australia.
Since the amendments to the Law on Citizenship of Latvia were adopted on October 1, 2013, which allow certain categories of people to obtain Latvian citizenship as a second (dual citizenship), the flow of willing to take this opportunity is not decreasing. It is not surprising! As the citizenship of Latvia as EU member states gives these people a lot of advantages: the right to work, to live, to move freely throughout the European Union, which is a very significant advantage, especially for citizens of third countries. Despite the widespread opinion that dual citizenship in Latvia is possible only with the EU member states and NATO members, in fact, citizens of any state may receive Latvian citizenship as a second, if they meet the following criteria:
1) they are "Latvian exiles" or their descendants;
2) they are Latvians or Livs.
Happy Latvian national festival Ligo! We wish you good luck, health and love!
Love is to the heart what the summer is to the farmer’s year – it brings to harvest all the loveliest flowers of the soul.
Taking into account the continued relevance of the topic and a number of changes in the legislation we would like once again to discuss the responsibility of members of the board.
The responsibility of members of the board before the company begins from the moment of their election to the position, i.e. after the relevant decision of the shareholders has been made and a written consent of the member of the board to accept the position has been given. Accordingly, the liability ends the moment when the member of the board is removed from the position by the decision of the participants or their resignation from the position.
The Law of the Republic of Latvia on Commercial Pledge was adopted in 1998. The commercial pledge provides an opportunity to pledge the movable property – capital shares, vehicles, trademarks, equipment and other registered property – without transferring it into the possession of the pledge holder, but registering a lien in the appropriate register. Business owners use commercial pledge to receive loans for the development of their companies.
Providing a broad range of services requires the integration of specialists in different fields. Considering the established cooperation, our clients may now use the services of qualified lawyers, accountants, real estate agents and other competent specialists in Italy.
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.