Don’t risk non-compliance with local employment, social insurance, and tax regulations.
Omnipresent provides global employment solutions and professional employment organisation (PEO) services for companies looking to grow and build out a global team in Latvia. Traditional methods of establishing global employment and subsidiaries in Latvia typically take months and can incur heavy costs. Omnipresent’s global employment solutions and PEO services is helping hundreds of organisations onboard new employees in Latvia in a matter of days with full compliance of local labour laws. We use a tech-forward approach to streamline the process.
Employer costs include State Social Insurance. Use the OmniCalculator to estimate costs, or contact us for further information.
The rate of personal taxation varies depending on the income tax bracket the individual belongs to. This ranges between 20% - 31%.
Average 5-day working week amounts to 40 hours of work. The overtime must be agreed upon in writing. The employee is entitled to an additional minimum of 50 to 100% hourly wage.
Please note that the below information covers national holidays and should be used for informative purposes only and not as a guarantee for payroll purposes. While we strive to offer you accurate information, public holidays are subject to frequent changes and can be dependent on regional differences. Should you need more detailed information on public holidays, please consult the government pages of the state and/or the local municipality of your employee.
If sufficient social contributions were paid, the employee gets payments, paid by the employer or state, depending on the duration of the sickness.
Maternity and parental leave of 56 days each, irrespective of the number of days of prenatal leave utilised prior to childbirth.
Father 10 days of paid leave within 2 months after birth.
Minimum of 4 weeks paid annual leave granted in parts. One part of the leave in the current year shall not be less than 2 uninterrupted calendar weeks.
Depending on the cause of termination a severance payment can be due. The amount depends on the total time of service.
Termination of the employment contract is subject to statutorily provided causes and different notice periods.
Termination without cause is not permitted.
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The benefits of growing a global team and finding the best talent anywhere in the world are endless. It’s important to note that labour laws and regulations in Latvia are strict with penalties for non-compliance. Let our team take care of the global employment solutions such as payroll, benefits, compliance, taxes, and admin so you can focus on growing your business. We are here to help you every step of the way.
Omnipresent makes it easy to hire, pay, and support your international team with our top-notch services including our global EOR & PEO services. Book a call with us to start building your global team today. Book a call with us to start building your global team today.
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