Why Latvia?

Over the last five years, Latvia experienced very rapid economic growth and development across all sectors. Today, as many other countries, Latvia has been affected by the global economic crisis and faces a number of difficult economic challenges. The Latvian government has expressed its clear determination to meet these and has set out a programme of measures to do so. One of the key objectives is the attraction of foreign direct investment (FDI), recognised to be an important tool for successful economic recovery.

	Business Friendly Minor bureaucratic obstacles Transparent legal and judicial system Business without boarders - EU Member State Read more
	Access to Knowledge and Skills Highly educated and multi-lingual workforce Northern European culture and work ethic Business knowledge and experience with Russia/CIS  Read more
	Gateway to EU and Russia/CIS European Union boarder with Russia Ice-free ports Fastest growing airport in Europe Integrated, well developed transport infrastructure  Read more
	Business Incentives State support programmes Special Economic Zones LIAA services Read more
	Cost Effective Low taxes Competitive labour costs High productivity Read more
	International Recognition EU and NATO membership since 2004 Ranked 29th in the world for ease of doing business (World Bank Report  „Doing Business” 2008) Latvia’s national currency, the lat LVL (Lat) pegged to the euro Business envirionment fosters entrepreneurship Read more

To conclude, we all know that businesses and economies run in cycles. Therefore, LIAA would encourage you to commence a more detailed study of Latvia with assistance of our institution today to ensure a pole position for your business in the future.