Discusses the legal requirements/options for joint venture/licensing in this market.
Last Published: 2/28/2019

A joint venture with a local partner can be a significant help for a U.S. company with little or no experience in the Baltics.  A good choice could be a company that is already registered with the Latvian Chamber of Commerce and Industry (LCCI).  However, it is advisable to find out as much as possible about potential partners.  Basic information on a local company, as well as its credit rating, can be obtained from Latvian business information companies as well as LCCI.  Find more information here: The Latvian Chamber of Commerce and Industry
 
The U.S. Commercial Service offers several services for the purpose of due diligence. Please consult the nearest U.S. Export Assistance Center: Export.gov - Offices in the U.S.

 

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