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Access to Justice for Business and Inclusive Growth in Latvia

image of Access to Justice for Business and Inclusive Growth in Latvia

Like many OECD countries, Latvia is taking an innovative, user-centred approach to improving legal and justice services by strengthening the judicial sector and law enforcement authorities This report reviews the commercial, legal and regulatory framework in Latvia, highlighting its impact on businesses and its suitability for different forms of commercial activity. It analyses business’ legal and justice needs, and evaluates the accessibility and responsiveness of public services for business, including dispute resolution mechanisms. Finally, the report provides recommendations to help Latvia better tailor justice services to the needs of business and thus support more inclusive growth.

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Measuring the administrative costs of starting a business in Latvia

This chapter seeks to measure administrative costs related to selected procedures prescribed under the Commercial Law. It identifies and analyses possible simplification measures that may support the starting-up or re-organisation of business operations and translate into cost savings. The main focus of this chapter is put on reducing administrative burden generated from selected business registration procedures administered by the Latvian Enterprise Registry, i.e. registrations of an individual merchant and a limited liability company with decreased capital, and reorganisation of a limited liability company through merger by acquisition. The chapter presents evidence that may be considered to substantiate legal amendments and changes in procedural practice and make the relationship with businesses more efficient, as presented in Chapter 1.

English

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