State Support for entrepreneurs during the crises situation

As of March 25,2020 the Latvian Investment and Development Agency (LIDA) has launched a HOTLINE, specifically designed for this crisis situation with a purpose to provide business information and advice on the state aid possibilities.  Entrepreneurs are invited to contact LIAA by phone +371 68803505 or e-mail jautajumi@liaa.gov.lv, describing as accurately as possible the situation the company is facing with and the scope of support that it needed.  The support by phone is open every working day from 8:30 a.m. to 5 p.m.

The companies also have the opportunity to describe the situation in the LIAA questionnaire on the impact of the crisis on the company's operations, thus helping to assess the overall situation in a timely manner and to seek the necessary solutions. The questionnaire can be filled in on the LIAA website - https://ej.uz/Krizes_anketa

Additional information: https://www.em.gov.lv/lv/jaunumi/27547-liaa-konsultativais-talrunis-uznemejiem-covid-19-krizes-parvaresanai-68803505

LIAA SUPPORT

FOR FACILITATING FOREIGN TRADE

TO ENTERPRISES DUE TO COVID-19

 

Consultations on export promotion activities

LIAA consults by phone or email on export promotion activities in existing and target markets, as well as on issues related to restrictions due to emergency situation.

Contacts: +371 68803505 or +371 67039409,

jautajumi@liaa.gov.lv or eksporta.nodala@liaa.gov.lv

For questions regarding restrictions in foreign markets, please contact LIAA representative offices: ejuz.lv/liaaoffices

SUPPORT FOR ENTREPRENEURS DURING EMERGENCY SITUATION

 

Compensations for remuneration of employees

 

on idle time | State Revenue Service

■ Entrepreneurs must submit information to the State Revenue Service about employees on idle time

■ State aid will cover 75% of the remuneration but will not exceed 700 EUR

■ State Revenue Service will transfer the compensation to the employee’ s bank account only for one of his/her employments

 

 

Contacts: +371 67120020, vid@vid.gov.lv

More information: labsoflatvia.com/en/support

 

 

 

Tax aid | State Revenue Service

■ Extension to tax payments (sectors affected by COVID-19)

■ Postponed Personal Income Tax payments

(irrespective of the sector)

■ Prompt refund of Value Added Tax (irrespective of the sector)

■ Enterprises must address State Revenue Service via Electronic

Declaration System

 

 

Contacts: +371 67120020, vid@vid.gov.lv

More information: labsoflatvia.com/en/support

 

 

 

Loan for financing current assets | Altum

■ For enterprises, including in the agricultural and fisheries sector, affected by COVID-19 crisis

■ Up to 1 million EUR for up to 3 years