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3. Commercial Activity | 8 Step Guide
3. Type of commercial activity, turnover, changes in share capital, liabilities, volume of material and technical resources, and average number of employees of the company.
Information is available in published annual reports, which can be obtained for a fee using private Latvian Enterprise Register database providers: lursoft.lv and firmas.lv. It is important to note that there is a limitation to buying these services – a Latvian online bank or e-signature is necessary for authorization and payment in the database.
8 Steps for Trusting a New Business Partner from Latvia | Cross Border Deals
By obtaining publicly available information in this manner a company can make better-informed decisions and avoid potential risks. Checking registrations, evaluating financial stability, and even doing a quick online search can infuse further confidence in the transaction’s and business partner’s integrity and suitability. Switching to English on websites of state institutions might limit access to the same comprehensive databases available in Latvian, resulting in less information and poorer functionality.
What to do in case of uncertainties?
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