Employer of Record (EOR) in Latvia
Need to hire new team members in Latvia? Native Teams’ EOR solutions are at your service! With our wholly-owned legal entities in Latvia and 85+ other countries, you can hire top talent like a local.
How does an EOR in Latvia work?
There are two options when expanding your workforce in Latvia. The first one requires setting up a legal entity, which means you’ll need to wear plenty of legal hats. All the paperwork, registering with authorities, opening physical offices and maintaining them become your responsibilities. And if you fail to meet these requirements, you’ll likely face legal penalties.
The second option is to use Native Teams’ legal entities. It’s a great choice if you want to avoid the complex process of opening legal entities yourself and need to hire Latvian employees in days. We take the role of a legal employer of your employees, handling their taxes, social security contributions, and salaries. This frees up time in your workday, so you can focus only on managing your employees.
Who can use EOR services in Latvia?
EOR services are beneficial for any company size that wants to grow but doesn’t have a local presence in Latvia. This includes a startup looking to scale quickly, a mid-sized company that needs help with the legal legwork or an enterprise that needs all-in-one EOR.
Besides removing the legal entity burden, we also take the admin stuff out of the picture. Whether that’s running a global payroll, crafting employment contracts, or providing employee benefits, our services got you covered.
Features of Native Teams EOR services in Latvia
Employment status
By using Native Teams to hire new employees, you can be confident that they will be formally employed via our entity and receive a contract that fully complies with Latvia's employment laws and regulations.
HR administration and documentation
We will optimise and simplify all HR administrative responsibilities while securely storing your employees' documentation within your Native Teams dashboard. This will offer you effortless one-click access to all necessary information.
Global payroll
Navigating the intricacies of computing salaries, taxes, benefits, and deductions for your global workforce can be challenging. Our payroll calculators provide a user-friendly solution, allowing you to manage payroll for all your international employees within a unified platform. This simplifies the process considerably.
Benefits
We ensure that your new employee receives all necessary benefits, encompassing healthcare, insurance, and pension coverage. Furthermore, you can offer them extra incentives, such as gym memberships and wellness options!
Dive deeper into Latvia’s labour laws by checking our global hiring guide
What legal requirements exist for employment in Latvia
Written employment contract
Employees must receive a written employment contract specifying essential terms, such as the job description, working hours, salary, benefits, and termination conditions.
Minimum wage
Employers must pay their employees at least the minimum wage, which the Latvian government determines and periodically revises.
Social security contributions
Employers must make social security contributions on behalf of their employees, which includes contributions for health insurance, pension, and unemployment benefits.
Workplace safety and health
Employers must comply with relevant regulations and ensure necessary safety measures are in place.
Discrimination and equality
Employers must follow laws prohibiting discrimination based on gender, age, race, religion, disability, sexual orientation, or other protected characteristics.
Work permits
For non-EU citizens, obtaining a work permit may be necessary before they can work in Latvia. Different rules apply to EU and EEA citizens, who generally have the right to work in Latvia without a permit.
Please note that all these requirements may vary depending on the job type, the employer and individual circumstances.
Why choose Native Teams as your Latvia Employer of Record?
Within the span of five years, Native Teams has become an industry leader in the EOR market. This is all thanks to our legal expertise on local employment and payments coupled with unmatched pricing. And the numbers speak for themselves — 70,000 satisfied customers who have managed to grow globally without the admin work slowing them down.
``What is an Employer of Record?
An Employer of Record (EOR) is a third-party organisation that assumes the role of legal employer on behalf of the client company. In simple terms, an EOR provider will formally employ your team through their legal entities and take over administrative and compliance tasks like payroll processing, tax withholding, benefits administration, and compliance with local labour laws.
What are the costs of using an Employer of Record in Latvia?
The costs for using an EOR provider in Latvia can vary depending on factors like the specific EOR provider you choose, the number of employees you want to onboard, and the scope of services your business requires.
As an EOR provider trusted by global companies in 85+ countries, Native Teams offers a flexible pricing structure that can be adjusted to your unique needs. For more information regarding our EOR pricing, please visit our pricing page.
What is the difference between PEO and EOR?
EOR providers take over the role of legal employers for your company. This means they take responsibility for employment management, payroll processing, benefits administration, tax withholding, and other functions. As such, they're mostly beneficial for companies that want to hire in foreign countries but don't have their own legal entities there.
PEO providers cover only a few of these responsibilities, including payroll management, benefits administration, and other HR functions. The client company remains the legal employer and has a shared responsibility for compliance and employment management. Therefore, PEO providers are an excellent option for businesses that have their legal entities in the hiring countries but need expert assistance with their essential HR operations.
What are the responsibilities of an Employer of Record (EOR)?
An EOR provider's main responsibility is being the legal employer for your team members in their residential countries. Your employees will be formally employed through the provider's legal entities, and with this, the provider takes over responsibilities like employment contracts, benefits administration, payroll, labour law compliance, and additional HR support if needed.
This allows the client company to prioritise their core business operations while the EOR provider handles the employment-related tasks.
Is using an Employer of Record in Latvia legal?
Yes, using EOR services in Latvia is completely legal. In fact, the EOR's main responsibility is ensuring that their clients work in compliance with the country's labour laws. With the help of Native Teams as your EOR provider, you can hire team members in 85+ countries without any worries about employment law compliance.
Why should I use EOR instead of opening my own company or an office in Latvia?
Establishing your own company in Latvia is a difficult and time-consuming process that requires legal expertise and financial resources. The process includes registering with the authorities, obtaining a tax number, opening a business bank account, and finding a physical office space before you can hire employees in Latvia.
EOR providers help you skip this complex process and hire directly without opening your own company. By hiring through the provider's entities in Latvia, you can rest assured that a professional team handles your employment management, payroll, taxes, and compliance, allowing you to work with the best talent in Latvia without worrying about labour law compliance.
How many people can I employ in Latvia?
There is no specific limit on the number of employees you can hire in Latvia. With the help of Native Teams' EOR solutions, you can employ as many individuals as your business requires in any country of your choice.