Latvia
Make employment in Latvia easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Latvia, all in one easy-to-use platform.
- Capital City
Riga
- Currency
Euro (€, EUR)
- Languages
Latvian
- Population size
1,907,675
Facts & Stats
- Capital City
Riga
- Currency
Euro (€, EUR)
- Languages
Latvian
- Population size
1,907,675
- Ease of doing business
Very easy
- Cost of living index
52.87 (2021)
- Payroll frequency
N/A
- VAT - standard rate
21%
- GDP - real growth rate
5.2% (2021)
Latvia is a little-known country that’s mostly a natural paradise, covered with 12,000 rivers and 3,000 small lakes — and it’s 54% forest, making it Europe’s sixth most forested country. It has some record-beating internet speeds and is the 14th easiest place to do business in the world, with equally high human development rankings (38th globally).
Grow your team in Latvia with Remote
Want to hire employees in Latvia? Companies hiring in Latvia are typically required to either own a local legal entity or work with a global employment platform like Remote that can legally provide employment services in the country.
Remote can employ team members in Latvia and keep you compliant. Remote can hire, onboard, and pay your Latvia team so you don't have to set up local HR services in the region. Remote also makes it easy to pay contractors in Latvia. now to get started or talk to an expert for more details.
Risks of misclassification
Latvia, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Latvia may lead to fines and penalties for the offending company.
Employing in Latvia
Workers' rights in Latvia are protected by:
The Latvian Constitution of 1922 and
The Labour Law of 2002
— all of which guarantee equal pay for equal work, the right to individual and collective labour disputes, safe working environments, and protections against discrimination based on age, religion, and race.
Common questions that could come up during the hiring process include the minimum wage, overtime rates, and guaranteed paid time off. Remote can help you offer a complete, competitive, and compliant benefits package to your employees in Latvia.
Minimum Wage
Latvia’s minimum wage is at €700 per month from 1 January 2024.
Minimum Onboarding Time
We can help you get a new employee started in Latvia fast. The minimum onboarding time we need is only 10 working days.
Our team ensures your employees are onboarded and paid as quickly as possible while keeping your business compliant with all local employment legislation. The minimum onboarding time begins after the employee submits all required information onto the Remote platform. The onboarding timeline is also dependent upon registration with local authorities.
For all non-nationals of the country of employment, the Right to Work assessment (if applicable) will add three extra days to the total time to onboard. There may be extra time required if we need to follow-up on the right to work assessment.
Please note, payroll cut-off dates can impact the actual first day of employment. Remote has a payroll cut-off date of the 10th of the month unless otherwise specified.
14 Public holidays
Want to see and manage all holidays? Sign up for our free HRIS!
Effortless HR Latvia: Take the Tour
Competitive benefits package in Latvia
At Remote, we’re passionate about helping you craft the best possible employee experience for your team. We are leading the way in developing globally competitive benefits programs. This means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive, and that your company has the localized expertise needed to attract and keep the best global talent.
Our benefits packages in Latvia are tailored to fulfill the local needs of employees. Typically, our packages contain some or all of the following benefits:
Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Pension or 401(K)
Life and Disability Insurance
Fair Pricing in Latvia
Employer of Record
Hire and pay your global team
Starting at $599/month
for annual plans
Top features
Satisfaction guaranteed
No deposits or hidden fees
Zero onboarding or offboarding fees
Compliant equity incentives support including withholding and reporting
Built-in security and compliance
Fast onboarding (average 2-3 days)
Flexible, localized benefits
Contractor Management
Compliantly onboard and pay contractors
$29
per contractor/month
Top features
Only pay for contractors you actively work with
Work with contractors in 200+ countries and territories
Create, edit, and sign tailored, localized contracts
Approve contractor invoices with one click or auto-pay
Transparent payments with complete visibility
Payroll
Consolidate your multi-country payroll
$29
per employee/month
Top features
Support: Personalized assistance with a dedicated team and specialists
Accuracy: Test runs and parallel pay runs before implementation
Compliance: Adhere to local labor laws in every country
Timeliness: Accurate and on-time payroll with labor authority reporting handled
Experience: Seamless payroll with easy access to payslips and expenses
Top features
Guided onboarding and offboarding
Employee profile and document management
Time and attendance (time off and tracking)
Expense management and reimbursement
Employee self-serve on the platform and mobile app