Here we consolidate all the information and knowledge which startup founders might find useful in the process of establishing and developing their unicorns: from practical details on startup visa and startup law to all the nuances of company registration and tricky matters of investment agreements. Open the section of interest - download templates - enjoy & repeat. We got your back covered.
Electronic ID Card
On Tuesday, 12 October, the Cabinet of Ministers approved amendments to the regulation on the State fee regarding issue of personal identity documents and regarding personal identity documents in order to facilitate inclusion of foreigners in the digital environment of Latvia and facilitate development of economics, science, education and culture in Latvia, offering the electronic identification means for foreigners - foreigner’s eID card.
Latvian Startup Guide
Trying to kick-off a startup in a foreign country? Dealing with all the required documents in a language you don't speak? What a daunting experience… But hey, no more!
To help you stay focused on your startup tasks, our friends Sorainen offer you a range of templates for industry-standard legal documents in English. As every single company has its own needs and unique factors, we suggest you view these templates as the starting point: download them, tweak them as needed and put them to good use!
IT IS ESSENTIAL THAT LEGAL ADVICE SHOULD BE SOUGHT BEFORE USING THE DOCUMENTS!
Neither Magnetic Latvia Startup, nor the Latvian Register of Enterprises, nor Sorainen take any responsibility for the content of the documents or the consequences of using them. None of the documents should be construed as legal advice for any particular facts or circumstances.
By downloading or accessing any document, you agree that the document you download or access may only be used by you for your personal or business use and may not be commercially redistributed (including on another website) without the express written consent of Sorainen.
Technically, it’s a temporary residence permit – which is much cooler than just a Schengen visa! For the sake of convenience, we call it “startup visa”.
Startup visa is offered to all non-EU startup founders who are willing to come and kick-off their startup ideas in Latvia, a proud member of EU since 2004. One startup can have up to 5 founders with a startup visa. The application process takes one month. The visa is given for the period of maximum 3 years and it is spouse and children-friendly.
The main criteria for getting the visa is a sound startup idea described in a free-form – save us some time and make it a 1-pager! No business plans or qualification interviews required!
Once your startup is registered and settled in, bring your team from abroad – there is a special type of visa (again – residence permit) reserved for them.