Latvia Highlights:
- An EoR (Employer of Record) package is the most efficient and effective way to deploy local and foreign employees in Latvia.
- 1WB acts as an EoR ensuring full compliance with country’s regulations.
- The whole deployment process for foreigners takes about 4 weeks whereas for locals within 1 week.
- Handling payroll processing, immigration and taxes compliantly, swiftly and cost efficient.
- Employment income is subject to social security contributions at a rate of 34.09% of an employee’s gross salary (23.59% as the employer’s portion and 10.5% from the employee’s salary).
- Work permit - 1WB can sponsor work permits for foreign employees and the processing time is about 5 weeks.