The amendments to the law regulating the work of Latvian companies

Riga, Latvia, September 6, 2013, 11:00 / / Jurisdiction: Latvia

On 2nd May 2013 new amendments to Commercial Law of Republic of Latvia were adopted. Amendments became effective on 1 July 2013.

New representative office of ABLV Group – in Vladivostok

Riga, Latvia, August 8, 2013, 10:00 /

Since we always try to stay close to our customers, also in terms of geographical location, at the end of July, network of ABLV Group representative offices was expanded by one more – that in Vladivostok. This is already the fourth ABLV Group representative office in Russia (the other three are located in Moscow, St. Petersburg, and Yekaterinburg) and eleventh in total.

Ukrainian Parliament Ratifies New Tax Treaty with Cyprus

Riga, Latvia, July 23, 2013, 17:00 / / Jurisdiction: Cyprus, Ukraine

On July 4, 2013, the Parliament of Ukraine ratified the Convention between the Government of Ukraine and the Government of the Republic of Cyprus for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income.

Cyprus introduces a range of investment incentives to fight crisis

Riga, Latvia, July 5, 2013, 10:00 / / Jurisdiction: Cyprus

According to Cyprus Investment Promotion Agency, a number of new measures have been put into place by Cyprus recently, designed to reboot the economy in the wake of the massive restructuring of the country’s banking sector. The measures, among other things, aim at helping stimulate economic growth.

New residence scheme in Malta for foreigners launched

Riga, Latvia, June 20, 2013, 10:00 / / Jurisdiction: Malta

A new residence programme for foreigners (non-EU) was launched on 1 June 2013, replacing the foreign residents' scheme which was controversially suspended in 2011.

Global OECD boosted by decision to open membership talks with Latvia

Riga, Latvia, June 7, 2013, 15:00 / / Jurisdiction: OECD, Latvia

The OECD took a significant step to extend its global reach by deciding to open membership talks with Latvia and signaling its intention to do likewise with Lithuania in the near future.

OECD is looking for ways to increase corporate taxes

Riga, Latvia, May 30, 2013, 14:00 / / Jurisdiction: OECD

National austerity measures taken by OECD member governments as a result of the financial crisis have sparked voter anger at the way big international companies shift profits around the world to cut their tax bills.

Tax information exchange agreement between Latvia and Jersey signed

Riga, Latvia, May 29, 2013, 15:00 / / Jurisdictions: Latvia, Jersey

Latvia and Jersey signed a tax information exchange agreement (TIEA) at the Latvian Embassy in London. The agreement was signed by the Assistant Chief Minister with responsibility for External Relations, Senator Sir Philip Bailhache, and the Latvian Ambassador, His Excellency Eduards Stiprais.

Tax burden in Latvia is among the lowest in the European Union

Riga, Latvia, May 7, 2013, 09:15 / / Jurisdiction: EU

In its 2011 tax report, released on 25 April 2013, Europe's statistics agency identified Denmark as having the highest tax burden in the European Union, with income equivalent to 47.7 percent of the country's annual output.

Cyprus Amends Its Laws to Meet Troika Measures

Riga, Latvia, January 23, 2013, 15:00 / / Jurisdictions: Cyprus

In view of the imminent Memorandum of Understanding between the Republic of Cyprus and Troika (International Monetary Fund, Eurogroup and European Central Bank) for financial support, the Cyprus Parliament has been particularly active in the last weeks of 2012 to vote new laws essentially aiming to meet pre-agreed targets with the Troika.

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