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26.02.2018

CEE Legal Matters: Zane Eglīte-Fogele on granting of stock options to employees

CEE Legal Matters published an article “Exercise of stock options under the Commercial Law of Latvia”, in which Primus partner Zane Eglīte-Fogele talks about the amendments of the Commercial Law in Latvia and introduction of a new mechanism granting of stock options to employees and management.

Until recently, however, the granting of stock options has not been directly regulated by company laws in Latvia, although the possibility of benefiting from an exercise of stock options was referred to in the country’s Law on Personal Income Tax. Nonetheless, the Latvian tax administration held that stock option income could only be earned if the options were granted by a company incorporated abroad, as local laws and regulations were silent about the exercise of stock options in Latvia.

Read the article here.