The information on this page was collected from public resources.

Is there cash assistance available? Who is eligible? How does someone apply?

Residents of Ukraine in Latvia can receive the following benefits:

  • one-off benefit in a crisis situation - 272 euros for an adult and 190 euros for a child
  • an additional monthly allowance of EUR 109 for the first person and EUR 76 for each subsequent person in a Ukrainian household
  • other material support or social services according to the individual needs.

In Latvia, the provision of financial payments for Ukrainian refugees, as well as compensation for their resettlement in the country, has been extended until December 31, 2023. Source mceclip0.png.

How do I set up a bank account?

In most Latvian credit and financial institutions, Ukrainian civilians can open payment accounts free of charge.

In order to open an account and issue a payment card, it is necessary to visit the bank's customer service center in person, bringing with you a travel document or ID issued in Ukraine or a TUA (ID) issued in Latvia. It should be noted that most banks serve customers in person only upon previous appointments. Thus, please contact the specific bank before visiting.

More information is available here mceclip0.png and on the websites of the following Latvian banks: SEB mceclip0.png, Citadele mceclip0.png, Swedbank mceclip0.png, Luminor mceclip0.png, Industra Bank mceclip0.png, Regional Investment Bank mceclip0.png.

How do I withdraw cash or exchange my currencies?

Possibilities to exchange hryvnias to EUR in cash are limited in Latvia. It is recommended not to withdraw cash from cash machines.

If you have Ukrainian hryvnia in cash, go to Tavex, Romkons, Eiro ars currency exchange points in Riga. One person can exchange hryvnia for up to 100 euros per week.

If you want to transfer hryvnia to a bank account in Latvia, you must first perform a currency conversion.

VISA and MasterCard payment cards issued by Ukrainian banks are operational in Latvia, but technical problems may occur. These payment cards can also be used to withdraw money from ATMs.

How do I pay taxes in a country?

You can read about taxation in Latvia here mceclip0.png and here mceclip0.png.

If I already work remotely, how should I pay my taxes?

In this case, individual consultation with a professional lawyer is necessary.

How to avoid double taxation?

There is an ingenious, but not perfect, solution โ€” to prove to the tax authority of the state in which the citizen does not plan to pay taxes that he is a resident of another country where he fulfills this duty.

A natural person has such a right, as Ukraine has valid conventions and treaties on the avoidance of double taxation with 73 countries of the world. Among them are almost all European countries, as well as the USA and Canada. According to these conventions, Ukrainians who pay taxes in Ukraine have the right to avoid taxation in the country of residence.

If such a situation arises in which a citizen falls under the criteria of a tax resident of Ukraine and at the same time another state defines him as its resident, he has the right to contact the tax authorities of the country of residence and make a request to the Ukrainian tax authorities to confirm that he pays taxes.

That is, in order to prevent double taxation, it is necessary to determine the resident status of an individual and, if necessary, obtain a document that will confirm it. But this may require the help of specialists - tax consultants or lawyers. Specialists advise in advance to collect evidence of the presence of a center of economic interests in Ukraine (if you plan to pay taxes only in Ukraine).

Among them may be:

  • certificate of payment of taxes in Ukraine;
  • certificate of tax resident of Ukraine (soon to be available in electronic form);
  • actual place of registration in Ukraine;
  • evidence of the presence of an individual entrepreneur registered in Ukraine (registration documents and tax declarations);
  • certificates of current accounts in Ukrainian banks;
  • certificates about the child's attendance at educational institutions in Ukraine;
  • receipts for the payment of utility bills.

If a citizen of Ukraine is recognized as a resident of Ukraine, but paid taxes in another country, the taxes paid can be credited in Ukraine. But if a person does not meet the criteria of a resident of Ukraine, it allows to change the tax resident status and consider another country as the place of tax payment.

It is important to check the registration of a natural person as a subject of entrepreneurial activity in the Unified State Register. Even if the activity has not been carried out for a long time, but the registration has not been terminated, this is a criterion for recognizing a person as a resident of Ukraine, which is accompanied by the obligation to pay taxes on income received abroad in Ukraine.

Being a citizen of Ukraine, but a tax NON-resident, you will still have to pay taxes in Ukraine for some types of income:

  • when receiving inheritance and gifts from persons who are not relatives of the 1st and 2nd degrees of kinship;
  • when receiving an investment profit;
  • when selling/leasing immovable and movable property to a natural person.

Source mceclip0.png.

How can I send money back to Ukraine?

You can transfer money from Latvia to Ukraine via an international transfer or money transfer at a corresponding provider or a bank.

For an international transfer at the bank you have to fill out a special form and usually pay fees. Other special money transfer providers (e.g. Western Union, Moneygram, Wise, Revolut, Paypal) are often a cheaper and faster alternative.