Business Friendly

As a small country in today’s globalised world, Latvia knows full well the importance of attracting foreign investment to sustain economic development. Latvia has consistently pursued liberal economic policies and welcomed FDI. The Latvian government and local authorities have worked diligently to streamline procedures for doing business in Latvia, for example, companies can be established here in just one day. As a member of the EU, Latvia operates under common, Europe-wide legislation. To further stimulate investment, the Latvian government is channelling EU Structural funds to implement a number of state support programmes aimed at business development.

At the same time, Latvia also understands that active dialogue between government and foreign investors is a vital and continuous process. Key investment issues are regularly raised with the government through the Foreign Investors’ Council in Latvia and, less formally, through easy access to officials and decision makers.

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