Jānis Zelmenis

IN THE DIENAS BIZNESS NEWSPAPER– JANIS ZELMENIS ABOUT INTENTION TO RESTRICT ACTIVITIES OF OFFSHORE COMPANIES IN LATVIA

17 June, 2011

The Dienas bizness newspaper published an article, in which BDO Zelmenis&Liberte partner Janis Zelmenis criticizes the measures proposed by politicians to restrict the activities of offshore companies, because they  may reduce the  competitiveness of Latvia  in the attracting investments.

All Baltic countries have a similar regulatory framework for offshore companies and set of measures to restrict transactions with them. However, there are significant differences with Scandinavia, where in addition to restrictions of offshore companies, there is a set of measures to increase tax contributions. This shows the BDO Zelmenis&Liberte study on the measures to restrict activities of offshore companies in the Baltic countries.

Please read the article here (the article is published in Latvian).