A highly skilled workforce, well-developed infrastructure, macroeconomic stability, and cost-effectiveness – these are just a few of the reasons for investing and doing business in Latvia.
From established, billion-dollar export industries to bold innovations aimed to solve humanity’s greatest challenges, Latvia provides future-proof investment opportunities for investors in a wide variety of profiles and industries.
An initiative to fast-track investments in priority sectors – ICT, bioeconomy, smart materials & photonics, biomedicine, GBS, smart energy, construction, and transport & logistics. It shortens the time for administrative procedures for territorial planning, residence permits, and foreign workforce attraction.
There are five Special Economic Zones (SEZ) in Latvia, established to promote entrepreneurial activities within these regions. The benefits for companies operating in SEZ include an 80% rebate on real estate and corporate income tax, as well as reduced withholding tax for dividends, management fees, and payments for the usage of intellectual property.
By law, if a company doesn’t pay dividends, but decides to reinvest the earned profit into the business, they aren’t required to pay taxes on that amount. This is to motivate entrepreneurs to invest in the further development of their company.
The Investment and Development Agency of Latvia (LIAA) offers guidance and support during the investment process. Reach out and you’ll be connected to your personal advisor who will help with all your questions, from preparation to implementation. All LIAA services are free of charge.
Both local and foreign capital companies can access EU-funded support programs. For investors, this provides opportunities to secure additional capital for purposes such as R&D, employee recruitment and training, business development, and more.
Investors can receive a Latvian residence permit for up to 5 years by investing in companies, real estate, government bonds, or subordinated capital of credit institutions.
Latvia is creating a favorable environment for businesses developing high-value innovations – from 5G-enabled technologies to cures for cancer.
Bloomberg named Latvia the most innovative country in the Baltics and Index Ventures – the most startup-friendly country in the world. We have the perfect environment for tech unicorns!
Historically, Latvia has strong scientific R&D traditions that we continue to develop and nurture to this day. Invest in collaboration with our scientists and make the next billion-dollar discovery.
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Convenient logistics across Europe and Central Asia, plus our reliable workforce are the main reasons why global companies choose to open their manufacturing facilities in Latvia.
Riga is Europe’s emerging GBS location, and other cities are not far behind. Latvia provides an excellent environment for GBS businesses thanks to our developed IT infrastructure and skilled workforce.
Latvia’s focusing heavily on upgrading and modernizing its transportation, energy, and communication infrastructure.
Latvia’s real estate market offers investment opportunities, particularly in the commercial sector. Riga has a booming property market with a high demand for commercial and residential properties.
