Hire and pay employees in Latvia, hassle-free
With Deel, your business can easily hire employees in Latvia. No more worrying about local laws, complex tax systems, or managing international payroll. Deel takes care of everything in 150+ countries. The average onboarding time frame in the Latvia is 3 days with Deel.
Onboard, pay and manage employees in Latvia with Deel
Usually, to hire in Latvia, your business needs an entity. That means a local office, an address registered as a subsidiary, and an account with a local bank. All of this, plus navigating regional benefits, payroll, tax, and HR laws, can take months.
Now you can hire employees in Latvia quickly, easily, and compliantly. Automate tax document collection, payroll, benefits, and more. For your existing direct employees, we can manage your entire payroll operation from end-to-end.
Currency Euro (EUR)
Capital Riga
Official language Latvian
Payroll cycle Monthly
All the necessary benefits for Latvia built right in
Deel allows you to provide localized benefits for employees in Latvia within minutes. All in one manageable online dashboard in a single HR platform.
- Public Health Care
- Social Security
- Private Healthcare - Unisure (optional)
- Private Healthcare - Allianz (optional)
- Global Life Insurance - Allianz
Our quickstart guide to hiring in Latvia
Navigate the tabs below to learn everything you need to know about hiring an employee in Latvia
Minimum Wage Requirements
The minimum monthly salary in Latvia is €700 for 2024 and is set to increase gradually until 2028:
- 2024: €700
- 2025: €740
- 2026: €780
- 2027: €820
- 2028: €860
Individual Income Tax
From January 1, 2025, individual income tax is calculated based on progressive tax rates ranging from 25.5% to 33%.
|
Gross Annual Income |
Tax Rate |
|---|---|
|
Up to €105,300 |
25.5% |
|
Over €105,300 |
33% |
Payroll Cost
The employer cost is generally estimated at 23.59% of the employee salary.
- Employer Social Security Contribution - 23.59%
- Health and Safety training - EUR 5
- Business risk fee per employee - €0.36
Please note: the Employer Social Security Contribution rate may change if the employee receives a retirement/disability/service pension from the state.
These costs are provided as estimates and are intended solely for general informational purposes. To fully comprehend all associated costs and fees related to the terms of any employment agreement for this country, please contact our Sales team for a quote.
Overtime Pay & Maximum Hours
Overtime payment is mandatory. Hours outside of standard work hours are considered overtime. Employees can work a maximum of 8 hours of overtime per week.
Overtime cannot exceed 48 hours per month and 200 hours per year. For additional hours, employees are paid a minimum supplement of 100% of the hourly or daily wage rate.
Standard working hours are eight hours per day, 40 hours per week. The standard workweek is from Monday to Friday.
Hiring in Latvia, hassle-free
With Deel, your business can easily hire employees in Latvia with our EOR solution. If you have an entity, our Global Payroll solution takes care of payroll and compliance for your direct employees. Our 250+ in-house experts handle everything from managing local laws, complex tax systems, or your payroll in Latvia and 150+ countries.
Management fee
Starting at
$599
/month
Estimated Employer Cost
23.59%
of employee salary