Fully Managed Payroll Services in Latvia
Expand into Latvia with TopSource Worldwide's Payroll Services
Hiring in Latvia
Discover the allure of Latvia, a Baltic gem with medieval charm and a rapidly evolving economy. Since joining the EU in 2004, Latvia has emerged as one of Europe's dynamic success stories.
With a diverse economy centered on manufacturing and raw material exports, Latvia is an emerging force. While foreign investment is growing, there's a noticeable labour shortage, particularly in high-tech and traditional skilled sectors.
Explore the potential of Latvia's workforce, evolving industries, and strategic location. For international businesses, leveraging specialised payroll services in Latvia ensures seamless integration into this growing Baltic nation. Embrace the opportunities in Latvia's economic resurgence with tailored payroll solutions.
Contents
Our Expertise
Simplified global payroll services in Latvia
Navigating the intricacies of global payroll can be daunting. TopSource Worldwide offers streamlined payroll services that ensure timely, accurate, and compliant global payroll processing to support your expansion into Latvia and beyond.
Global payroll expertise
TopSource Worldwide offers global payroll and HR expertise in over 150 countries, simplifying global expansion for growth-oriented businesses.
Dedicated support
Benefit from a dedicated account manager and team, ensuring you always have a direct point of contact for all your payroll-related queries and needs.
Compliance assurance
TopSource Worldwide's in-country compliance experts ensure you stay compliant with local regulations, minimising risks and penalties for your business.
Flexible solutions
Because every business is unique, TopSource offers tailored solutions to ensure our payroll services align perfectly with your individual needs.
Global Employee Cost Calculator
Estimate the cost of your new hire with our calculator. Simply enter their location and salary information in to this handy tool to see what will be spent in employment costs each month.
Testimonials
Hear from our clients about our payroll services in Latvia
With TopSource we were able to have employees hired or maintained in Nutreco without having to establish an entity in these countries for only 1-2 employees. I think most countries are covered by TopSource, so they can help us with almost all cases. Good advice on conditions and direct contact with employees. Invoicing done directly to the company. An easy process compared to hiring employees by ourselves.
Annette van Duijnhoven
We searched the market for a local payroll vendor in 2014 and we chose TopSource as our partner. We were looking for error free and timely payroll processing and TopSource Worldwide delivers this, saving us time and money. We have worked together for 8 years now and would recommend them to anyone.
Praveen Lihinar
TopSource Worldwide has a detailed and methodical onboarding process that made it easy for us to get set up and running with our UK employees. They were able to take the worry out of trying to comply with all local laws and regulations. Because they have this knowledge we do not have to research on our own and hope we are in compliance. This has saved us hours of time and gives both the company and employees a sense of security.
Supervisor
Streamlining global payroll for Latvia, one step at a time
Consultation and setup
Data collection and integration
Process and compliance checks
Review, approve and disburse
Global Expansion Simplified
Setting up your business in Latvia
Venturing into the Latvian market can be both exciting and challenging. With distinct business regulations, cultural nuances, and economic landscapes, it's essential to have a clear roadmap for your business establishment journey.
TopSource Worldwide is here to guide you every step of the way. From understanding local regulation to ensuring smooth operational transitions, our expertise ensure that setting up your business in Latvia is swift and efficient.
Insights
Key insights into Latvia's landscape
Currency: Euro (EUR)
Language: Latvian
GDP: $39.85 billion (USD)
Population size: 1.8 million
Biggest industry: Information Technology
Cultural highlights: Song and dance festivals, medieval architecture, and Baltic traditions.
Seamless Workforce Management
Effortless global Employer of Record (EOR) solutions
In the ever-evolving global business landscape, managing a diverse international workforce can be complex. This is where TopSource steps in as an invaluable Employer of Record (EOR) services partner for companies seeking to expand their global reach while ensuring compliance with local employment laws and regulations.
Calculate Your Payroll Taxes in Seconds
Payroll tax calculator for employers in Latvia
If you struggle with payroll tax calculations and complying with the relevant regulations, then our payroll tax calculator is for you! It's easy to use and can help you calculate your payroll taxes in seconds. Simply enter your employee information, like salary amount, deductions, and benefits, and our calculator will do the rest.
In addition to calculating your payroll taxes, our calculator can also help you:
- Understand the different types of payroll taxes
- Stay up-to-date on the latest changes to payroll tax regulations
- Avoid penalties for non-compliance
Our author
Amit Kumar
AVP of Sales
Amit Kumar is the AVP of Sales at TopSource Worldwide, a leading Global Expansion services provider. He has 15 years of experience in the industry, specializing in EOR, payroll, and HR functions. Amit is a true sales professional and a strategic thinker, always eager to deliver innovative and customised solutions to meet the diverse needs of his clients. He is passionate about building long-term relationships and exceeding expectations.
Published Feb 2, 2022
Updated Apr 15, 2024
Reviewed by:
Safwan Banedar
Fact checked by:
Safwan Banedar
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