Frequently asked questions
General information about our platform
Are there any taxes applicable to my income generated on VIAINVEST?
As a licensed investment platform, VIAINVEST is legally required to withhold a tax from private investors’ income generated from investing in the regulated financial instruments within a platform.
The standard withholding tax rate is 20% of the interest income earned, however, this rate can be reduced down to 0% thanks to the tax treaties concluded between countries. To reduce your withholding tax rate, we welcome all investors to submit the certificate of residency issued by your tax residence country.
For the rate applicable to your country of tax residence, please see the table in the “What are the applicable tax withholding rates?” section below.
Please note that withholding tax is applied only to the interest portion of the revenue, while principal repayments are not taxed.
Where can I receive the tax residency certificate?
The tax certificate is provided by the tax authorities in your country of tax residence. Please contact the tax authority for information on how to receive your tax certificate. The certificates may be provided online or in-person depending on the country of residence.
Each country has its own definition of tax residence, but:
- You are usually considered a tax resident in the country where you spend more than six months out of the year.
- If you spend less than six months a year in another EU country, you will normally remain tax-resident in your home country.
How do I upload the tax residency certificate?
The document can be uploaded by visiting your profile and heading to the Settings -> Documents Upload page.
Once the document is approved, the reduced tax rate will automatically apply to any further interest income received to your VIAINVEST account.
What information do I need to state in my tax residency certificate?
Your tax residency certificate must include the following information:
- Your full name and tax identification number.
- Confirmation of the tax treaty between your tax residency country and Latvia, verifying that it applies to income generated in Latvia.
- The current year or period for which the certificate is issued must be visible.
Some tax offices provide tax certificates separately for each country, and some of them include them all in one. Make sure your tax certificate confirms the existence of the treaty with Latvia.
What are the applicable tax withholding rates?
Once your submited tax residency certificate is approved, you can benefit from the reduced tax withholding rates based on the double tax treaty with Latvia.
Below is the full list of the tax treaty rates by country:
| Private investor’s tax residence country | Tax residency certificate submitted | No tax residency certificate |
| Lithuania | 0% | 20% |
| Bulgaria | 5% | 20% |
| Austria, Belgium, Croatia, Czech Republic, Republic of Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, The United Kingdom, Iceland, Norway, Switzerland, USA, Hong Kong, Republic of India, Japan, Canada, Republic of Korea, United Mexican States, Republic of Singapore | 10% | 20% |
| Liechtenstein, Brazil, Australia, South African Republic | 20% | 20% |
This particular business loan allows early exit from the investment taking into account specific annual interest rate calculation terms. Early exit options and respective annual interest rates are listed below. Early exit from the investment can be requested by pressing EARLY EXIT button available in this particular business loan profile. Invested principal and earned interest returns to investor account after selected notice period.
| Reason for withdrawal from the agreement | Prior notice period | Guaranteed annual interest rate (paid on monthly basis) | Extra annual interest, paid once at the end of the agreement | Total annual interest rate |
|---|---|---|---|---|
| The loan maturity day | n/a | 12% | 2% | 14% |
| Early exit request before the maturity day | 1 month | 12% | n/a | 12% |
| Early exit request before the maturity day | 3 month | 12% | 1% | 13% |
| Early exit request before the maturity day | 6 month | 12% | 2% | 14% |
By selecting one of the early exit options listed below, you will automatically inform VIAINVEST about your willingness to exit the investment after the selected period of time starting from the date when the request is made. Invested principal and respective earned interest will be transferred to your investor account after chosen time period.
This particular business loan allows early exit from the investment taking into account specific annual interest rate calculation terms. Early exit options and respective annual interest rates are listed below. Early exit from the investment can be requested by pressing EARLY EXIT button available in this particular business loan profile. Invested principal and earned interest returns to investor account after selected notice period.
| Reason for withdrawal from the agreement | Prior notice period | Guaranteed annual interest rate (paid on monthly basis) | Extra annual interest, paid once at the end of the agreement | Total annual interest rate |
|---|---|---|---|---|
| The loan maturity day | n/a | 11% | 2% | 13% |
| Early exit request before the maturity day | 1 month | 11% | n/a | 11% |
| Early exit request before the maturity day | 3 month | 11% | 1% | 12% |
| Early exit request before the maturity day | 6 month | 11% | 2% | 13% |
By selecting one of the early exit options listed below, you will automatically inform VIAINVEST about your willingness to exit the investment after the selected period of time starting from the date when the request is made. Invested principal and respective earned interest will be transferred to your investor account after chosen time period.
This particular business loan allows early exit from the investment taking into account specific annual interest rate calculation terms. Early exit options and respective annual interest rates are listed below. Early exit from the investment can be requested by pressing EARLY EXIT button available in this particular business loan profile. Invested principal and earned interest returns to investor account after selected notice period.
| Reason for withdrawal from the agreement | Prior notice period | Guaranteed annual interest rate (paid on monthly basis) | Extra annual interest, paid once at the end of the agreement | Total annual interest rate |
|---|---|---|---|---|
| The loan maturity day | n/a | 9% | 2% | 11% |
| Early exit request before the maturity day | 1 month | 9% | n/a | 9% |
| Early exit request before the maturity day | 3 month | 9% | 1% | 10% |
| Early exit request before the maturity day | 6 month | 9% | 2% | 11% |
By selecting one of the early exit options listed below, you will automatically inform VIAINVEST about your willingness to exit the investment after the selected period of time starting from the date when the request is made. Invested principal and respective earned interest will be transferred to your investor account after chosen time period.
*Two component compensation model: interest of 8% p.a. on monthly basis plus interest paid at maturity of the agreement, providing investor with yield to maturity range from 8% to 12% p.a. Interest paid at maturity derives from project Capitalization Rate and Real Estate sales price as follows:
Calculation example:
| Capitalization Rate | Sales price | Yield to maturity |
|---|---|---|
| 5,75% | < 38 093 071 € | 8% |
| 5,25% | 38 093 071 € - 41 720 983 € | 10% |
| 4,75% | 46 112 665 € < | 12% |
Capitalization rate indicates the expected rate of return an investor is likely to achieve on an investment property. The rate is calculated by dividing net annual operating income by the value of the property and multiplied by 100 to get the percentage.
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Although we highly value your right not to submit the information about your knowledge and experience in the financial market, please note that we are not able to evaluate your knowledge and experience according to MiFID requirements. Therefore, the financial instruments might potentially be inappropriate to your knowledge and experience.
We have asked you to submit the information about your knowledge and experience in compliance with MiFID requirements, and after evaluating it we would like to inform you that the evaluation result based on the information provided is that you have knowledge and experience as a starting investor. Therefore we inform you that the financial instrument is potentially inappropriate for you.
We have asked you to submit the information about your knowledge and experience in compliance with MiFID requirements, and after evaluating it we would like to inform you that the evaluation result based on the information provided is that you have knowledge and experience as an informed investor to operate with financial instruments offered by us on the platform. Therefore we inform you that the financial instrument is potentially appropriate for you.
We have asked you to submit the information about your knowledge and experience in compliance with MiFID requirements, and after evaluating it we would like to inform you that the evaluation result based on the information provided is that you have knowledge and experience as a high-level investor to operate with financial instruments offered on the platform. Therefore we inform you that the financial instrument is appropriate to you.