WHY INVEST IN LATVIA?

Investing in Latvia offers numerous advantages, including access to the EU market, a strategic geographic location, a favorable business environment, and a skilled workforce. These factors, combined with government support and a high quality of life, make Latvia an attractive destination for international investors looking to establish or expand their business operations in Europe.

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STRATEGIC LOCATION

  • Geographic Position: Latvia is situated at the crossroads of Northern and Eastern Europe, providing access to major markets in the EU, Russia, and the broader Eurasian region.
  • Transport Infrastructure: Excellent logistics and transport infrastructure, including a well-developed port network, modern highways, and Riga International Airport, which is a major hub in the Baltic region.

EU MEMBERSHIP

  • Single Market Access: As a member of the European Union, Latvia offers access to a market of over 450 million consumers without customs barriers.
  • Regulatory Framework: Latvia adheres to EU standards and regulations, providing a stable and predictable legal environment for businesses.
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ECONOMIC ENVIRONMENT

  • Stable Economy: Latvia has shown consistent economic growth and resilience, even during global downturns.
  • Eurozone Member: Since 2014, Latvia has used the Euro (€) as its currency, eliminating currency exchange risk and fostering financial stability.

COMPETITIVE BUSINESS ENVIRONMENT

  • Ease of Doing Business: Latvia ranks high in international ease of doing business indices, with streamlined procedures for starting a business, registering property, and obtaining permits.
  • Favorable Tax System: The corporate income tax rate is competitive, and there are various tax incentives for investors, particularly in special economic zones and free ports.
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INNOVATION AND TECHNOLOGY

  • ICT Sector: Latvia has a thriving information and communication technology (ICT) sector, with a strong focus on innovation, startups, and digital infrastructure.
  • Research and Development: The country encourages R&D activities with various grants, subsidies, and tax incentives for innovation-driven companies.

QUALITY OF LIFE

  • Living Standards: Latvia offers a high quality of life with a balance of affordable living costs, excellent healthcare, and a rich cultural scene.
  • Natural Environment: The country is known for its beautiful natural landscapes, including forests, lakes, and a pristine coastline, contributing to a pleasant living environment for expatriates and their families.
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GOVERNMENT SUPPORT

  • Investment Incentives: The Latvian government actively supports foreign investment through various incentives, grants, and support programs aimed at attracting and retaining investors.
  • Investment Agencies: Institutions like the Investment and Development Agency of Latvia (LIAA) provide assistance to foreign investors, helping them navigate the local market and regulatory environment.

FIND OUT HOW TO OBTAIN YOUR GOLDEN VISA TODAY!

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