Easily manage employment in

Latvia
latvia flag

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.

Services available in this country:
Employer of Record ProductContractor Management
  • Capital City

    Riga

  • Currency

    Euro (€, EUR)

  • Languages

    Latvian

  • Population size

    1,907,675

Services available in this country:
Employer of Record ProductContractor Management

Facts & Stats

Latvia
  • 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

Looking to hire employees in Latvia? Companies hiring in Latvia must 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 Latvian 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. Sign up 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.

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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 19 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.


12 Public holidays

Jan
Monday 1 January 20241New Year's Day (Jaunā gada diena)
Mar
Friday 29 March 20242Good Friday (Laba piektdiena)
Apr
Monday 1 April 20243Easter Monday (Otrās Lieldienas)
May
Wednesday 1 May 20244Labour Day (Darba diena)
Saturday 4 May 20245Restoration of Independence Day (Neatkarības atjaunošanas diena)
Jun
Sunday 23 June 20246Midsummer's Eve (Jāņu vakars)
Monday 24 June 20247Midsummer's Day (Jāņu diena)
Nov
Monday 18 November 20248Proclamation Day of the Republic of Latvia (Latvijas Republikas proklamēšanas diena)
Dec
Tuesday 24 December 20249Christmas Eve (Ziemassvētku vakars)
Wednesday 25 December 202410Christmas Day (Ziemassvētku diena)
Thursday 26 December 202411Day after Christmas (Diena pēc Ziemassvētkiem)
Tuesday 31 December 202412New Year's Eve (Vecgada Diena)

Want to see and manage all holidays? Sign up for our free HRIS!

Effortless HR in Latvia: Take the Tour

Seamlessly Manage Your Workforce, from First Hire to Final Paycheck

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 your company has the localised expertise to needed attract and keep the best global talent.

Our benefits packages in Latvia are tailored to fulfil 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 €550/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, localised benefits

Contractor Management

Compliantly onboard and pay contractors

€27

per contractor/month

Top features

  • Only pay for contractors you actively work with

  • Work with contractors in 200+ countries

  • Create, edit, and sign tailored, localised contracts

  • Approve contractor invoices with one click or auto-pay

  • Transparent payments with complete visibility

Payroll

Consolidate your multi-country payroll

€27

per employee/month

Top features

  • Simplify: Comprehensive platform that integrates all payroll functions

  • Support: Personalised assistance with a dedicated team and specialists

  • Accuracy: Test runs and parallel pay runs before implementation

  • Compliance: Adhere to local labour laws in every country

  • Timeliness: Accurate and on-time payroll with labour authority reporting handled

  • Experience: Seamless payroll with easy access to payslips and expenses

HRIS

Manage all of your employees in one place

Free

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