News

Expanding a business internationally has never been more accessible. Today, companies of all sizes, from startups to established SMEs, are taking advantage of global opportunities to reach new clients, reduce operational risks and unlock long-term growth. With the right strategy, entering a foreign market can increase revenue and strengthen a company’s global presence. However, successful international expansion requires a clear understanding of the legal, tax and employment frameworks in each target country. Company registration procedures, corporate tax rates, payroll regulations and labour laws vary widely. These differences influence how quickly a business can launch operations, what it will cost and what compliance obligations must be met.

To strengthen the transparency of the financial system and at the same time protect individuals whose data is included in the registers of actual owners - ultimate beneficial owners (UBOs) - the government has approved a draft law amending The Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing, in order to ensure that Latvian legislation complies with EU Directive (EU) 2024/1640, which sets out unified mechanisms for protecting the financial system against money laundering and terrorism financing.

Latvia has held on to its A- credit rating with a Stable Outlook, according to the latest update from Fitch Ratings on 7th November. This confirmation sends a clear message to investors, businesses and international partners: Latvia continues to be viewed as a solid, investment-grade market where financing conditions remain comparatively stable.

Please note that our office will be closed on November 18 in observance of the holiday. We'll resume work as usual on November 19.

What truly makes an accountant a good partner for a business? Is it knowledge, accuracy, the ability to see the bigger picture? At Numeri we believe the answer lies in the team - in people who share their experience, support one another and grow together with clients. This time Kristīne, a senior accountant at Numeri, shares her perspective. She sees every day how collaboration and team strength make Numeri the right choice.

Starting 9 October 2025, a new EU-wide banking regulation takes effect requiring financial institutions to verify that the recipient's name (or business name) matches the account number (IBAN) before executing any payment. The rule applies to all banks and payment service providers operating within the EEA.

In Latvia, significant tax changes are being prepared, which will affect both companies and their owners, natural persons. The Ministry of Finance offers a new regulation that would balance the tax burden between local and foreign investors, while at the same time ensuring additional revenues for municipalities. If everything goes according to plan, the new model will enter into force on 1 January 2026 together with the state budget.

On 24 September 2025, the Estonian Government approved the state budget for 2026. According to the proposal, the income tax rate for both individuals and companies will remain at 22% and will not be increased to 24% as prescribes the law amendment adopted by the Estonian Parliament earlier on 18 June 2025. The Government also confirmed that the general tax rate for individuals using an entrepreneur account will not increase.

Starting 1 January 2026, access to the State Revenue Service (VID) Electronic Declaration System (EDS) will only be possible using secure electronic identification tools. This change aims to strengthen data protection for both individuals and businesses in Latvia.

Tax Overview for Global Mobility is a cross-border guide addressing the tax, social security, and compliance challenges faced by employees and employers operating internationally. As part of this collaborative project, Numeri contributed the Estonian and Latvian chapter, providing expertise on tax residency and personal income tax in the regions, social security and health insurance rules for mobile workers, double taxation relief mechanisms and key compliance and reporting obligations.

Companies operating in an international business environment face constantly changing regulations, cultural differences, and economic fluctuations. This is exactly where a well-functioning supervisory board plays a key role, a strategic governance body whose importance goes far beyond oversight: it sets the vision, guides growth, and ensures long-term sustainability.

The EU and the US have agreed on a new tariff framework that aims to restore trade stability and avoid a looming escalation in duties. The deal offers predictability for businesses on both sides of the Atlantic at a time when global supply chains remain vulnerable and geopolitical tensions continue to reshape international commerce.