Progressive companies stumble over outdated regulations

  • 2006-05-31
  • By Dorian Ziedonis
RIGA - Opening a business in Latvia can be an economic and bureaucratic rollercoaster, even if you know what you're doing. Although the procedure is relatively straightforward, and many companies are up and running in less than two weeks, the difficult part comes once the operation begins. According to Julija Janesa of real estate brokerage IBL Property, knowing the local language is not as important as it may seem. Business start-up lawyers are available for those who don't speak Latvian, and cost less than 100 lats (144 euros). After paying state, notary and bank fees of about 150 lats, a...
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