Klauberg BALTICS Legal Newsletter March 2025
ESTONIA
Find out how Estonia is streamlining cash transactions! Since 1 January 2025, cash payments are rounded to the nearest 5 cents, reducing the use of 1 and 2 cent coins. This change simplifies transactions, lowers costs, and enhances efficiency, while card payments remain unchanged.
LATVIA
Find out how Latvia is enhancing real estate transparency! From 1 January 2025, legal entities must disclose their beneficial owners when acquiring property. EU and non-EU companies must provide verified ownership details, or risk registration refusal.
LITHUANIA
Find out how Lithuania is refining cash payment rules! From 1 May 2025, cash transactions will be rounded to the nearest 5 cents, gradually phasing out 1 and 2 cent coins. This change aims to enhance efficiency and sustainability while ensuring a smooth transition for businesses and consumers. Card payments remain unaffected.
Stay informed and stay ahead!