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Data Protection

Privacy Policy

Information About Personal Data Processing and Your Rights

Updated: 01.07.2026

Purpose of the Privacy Policy

The purpose of the privacy policy of SIA “Algorand” (hereinafter — Algorand, the Company, or the Controller) is to provide natural persons (data subjects) with clear, understandable, and comprehensive information about the purposes, legal basis, scope, protection measures, retention periods, and data subject rights relating to personal data processing, as well as the procedures by which the Company collects, processes, stores, transfers, and protects personal data.

Algorand respects individuals' rights to privacy and personal data protection in accordance with:

  • Regulation (EU) 2016/679 of the European Parliament and of the Council (General Data Protection Regulation or GDPR);

  • the Personal Data Processing Law;

  • the Electronic Communications Law;

  • the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing;

  • other laws and regulations in force in the Republic of Latvia.

This Privacy Policy applies to all personal data processing carried out by Algorand, regardless of whether the data is collected electronically, by telephone, in person, in writing, or through third-party platforms.

Data Controller and Contact Details

Legal form: Limited liability company
Registered name: Sabiedrība ar ierobežotu atbildību “Algorand”
Registration number: 40203669992
VAT number: LV40203669992
Registered address: Vienības iela 34A–58, Daugavpils, LV-5401, Latvia
Email: siaalgorand@gmail.com

For questions related to the processing of personal data, the data subject can contact Algorand using the email address provided above or in writing by sending a request to the legal address.

Scope of the Privacy Policy

This Privacy Policy applies to all natural persons whose personal data is processed by Algorand, including:

1. Clients:

  • real estate sellers;

  • buyers;

  • landlords;

  • tenants;

  • investors;

  • consultation recipients.

2. Potential Clients

Persons who have expressed interest in Algorand's services by completing website forms, booking a consultation, contacting us by phone, or communicating through social media.

3. Partners

Partner Programme participants, business partners, and client referrers.

4. Website Visitors

All persons who visit the Algorand website or use the functions available on it.

Categories of Personal Data

Depending on the type of service, Algorand may process the following categories of personal data:

1. Identification Data:

  • first name;

  • last name;

  • personal identity number;

  • date of birth;

  • identity document data.

2. Contact Information:

  • phone number;

  • email address;

  • residential address;

  • postal address.

3. Transaction Data:

  • information about real estate;

  • bank details;

  • payment information;

  • contract data;

  • the client's financial capacity (where necessary to complete the transaction).

4. Digital Data:

  • IP address;

  • browser data;

  • cookies;

  • communication history.

Purposes of Personal Data Processing

Algorand processes personal data only for specific, clearly defined, and legitimate purposes.

1. To Provide Services:

  • to identify the client;

  • to provide consultations;

  • to organise the transaction;

  • to sell or purchase property;

  • to manage the rental or leasing process;

  • to prepare legal documents;

  • to enter into contracts;

  • to provide customer service.

2. To Comply with Legal Requirements:

  • to conduct customer due diligence (KYC);

  • to perform sanctions checks;

  • to comply with AML/CFT/CPF requirements;

  • to fulfil reporting obligations.

3. For Business Development:

  • client acquisition;

  • advertising;

  • service quality improvement;

  • website optimisation;

  • analytics.

VI. Legal Basis for Personal Data Processing

Algorand processes personal data on the basis of:

1. Performance of a contract

Where data processing is necessary to enter into or perform a contract.

2. Compliance with a legal obligation

Where data processing is required by law.

3. Consent of the data subject

For example, for marketing communications.

4. Algorand's legitimate interests

  • to conduct business operations;

  • to manage risks;

  • to improve services;

  • to protect legal interests.

Disclosure of Personal Data to Third Parties

Algorand may disclose personal data only where necessary to:

  • notaries;

  • credit institutions;

  • lawyers;

  • public authorities;

  • business partners;

  • IT service providers.

In all cases, personal data is disclosed only to the minimum extent necessary and in accordance with applicable law.

Personal Data Protection

Algorand protects personal data by using:

  • SSL encryption;

  • access controls;

  • password protection;

  • firewalls;

  • data backups;

  • internal security procedures;

  • employee confidentiality obligations.

Personal Data Retention Period

Personal data is retained only for as long as necessary for:

  • performance of the contract;

  • compliance with legal obligations;

  • resolution of disputes;

  • compliance with regulatory requirements;

  • the duration of the consent.

Once the data is no longer required, it is deleted, anonymised, or archived in accordance with applicable law.

Data Subject Rights

The data subject has the right to:

  • access their personal data;

  • request correction of their personal data;

  • request deletion of their personal data;

  • restrict processing;

  • object to processing;

  • withdraw consent;

  • receive their personal data in a structured format;

  • lodge a complaint with the Data State Inspectorate.

Cookie Policy

The Algorand website may use cookies to:

  • ensure the website functions properly;

  • analyse user behaviour;

  • improve functionality;

  • optimise advertising.

Users can change their cookie settings in their browser.

Commercial Communications

Algorand may send commercial communications only with the client's consent or in cases permitted by applicable law.

The client may opt out of receiving such communications at any time.

Changes to the Privacy Policy

Algorand reserves the right to update or supplement this Privacy Policy at any time by publishing the current version on its website.

Questions About Data Processing?

If a data subject has questions about personal data processing or the exercise of their rights, they can contact Algorand:
SIA “Algorand”
Vienības iela 34A–58, Daugavpils, LV-5401
siaalgorand@gmail.com

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