Baltic States – CIS, EU – Baltic States, Financial Services, Latvia, Legislation, Real Estate

These regulations will apply to those who have:

- purchased real estate in Latvia for which ownership rights have not been registered jet;

- purchased real estate abroad for which ownership rights have not been registered jet whose purchase value exceeds EUR 14228,72;

- shares purchased in Latvia exceeding EUR 14228,72;

- shares purchased abroad;

- financial instruments in Latvia exceeding EUR 14228,72 at the time of purchase;

- financial instruments abroad;

- savings in Latvia and abroad exceeding EUR 14228,72;

- pensions and life insurance funds exceeding EUR 14228,72;

- other (not mensioned above) property exceeding EUR 14228,72;

- to the person – actual beneficiary who gains an advantage or profits from shares or financial instruments (exceeding EUR 14228,72) owned by another person or handed over to another person.

The property in Latvia the records of which are found in the public state registers: Land Register, State transport vehicle register, Civil aircraft register, Information system for the tractor-type machinery, Latvian integrated data base of ships shall not be declared.

The declaration will have to be submitted to the SRS in the period from 1 March 2015 until 1 June 2015.

Law office INLAT PLUS is ready to provide legal service and assistance with the procedure and represent your interests in SRS.

Law office INLAT PLUS

40 Brivibas Str., apt.15, Riga LV-1050

www.inlatplus.lv

[email protected]

+37167505970, +37126403577