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Organisation
Areas of activity
Invest in Latvia
Latvia in Facts
Key sectors
Environmental Technology
Food Processing
Health Care
Information Technology
Life Sciences
Metalworking and Mechanical Engineering
Transport and Storage
Woodworking
Business guide
Business Incentives
Foreign Direct Investment
Human Resources
Business Infrastructure
Operating Environment
Financial Environment
Taxation
Annual Financial Reporting
Quality of Life and Recreation
Start-up Ecosystem
Locations
Useful links
Trade
Foreign Trade Statistics
Industries
Chemical, Pharmaceutical and Biotechnological Industry
Construction and Building Material Industry
Design in Latvia
Electrical Engineering and Electronics Industry
Environment and Renewable Energy Industry
Food Industry
Forest Industry
Information and Communications Technology Industry
Mechanical Engineering and Metalworking Industry
Printing and Packaging Industry
Textile and Clothing Industry
Transit and Logistics
Wellness Industry
Latvian Export & Import Directory
International and Regional Trade Fairs in Latvia
News
Event calendar
News
Contacts
LIAA Contacts
Business Information Centre at RIX
Investment team
LIAA representative offices abroad
LIAA Representative Office in the United Arab Emirates
LIAA Representative Office in Belarus
LIAA Representative Office in Denmark
LIAA Representative Office in France
Representative Office in Japan
Representative Office in China (Bejing, Northern China)
Representative Office in China (Southern China)
Representative Office in the United Kingdom
Representative Office in Finland
Representative Office in Ukraine
Latvia's Foreign Economic Representative Office in Germany
LIAA Representative Office in Sweden
LIAA public representatives abroad
LIAA Representative Office in the United States of America
About us
Investment and Development Agency of Latvia (LIAA) works to increase export and competitiveness of Latvian companies, facilitate foreign investment and implement tourism development and innovation policies.
Organisation
The Investment and Development Agency of Latvia (LIAA) is a direct administration institution subordinated to the Minister of Economics of the Republic of Latvia.
Areas of activity
LIAA offers a broad range of services for both foreign investors and buyers.
Invest in Latvia
Everything one needs to know when investing in Latvia.
Latvia in Facts
The advantages of Latvia based on facts and data.
Key sectors
The main sectors LIAA focuses on are woodworking, metalworking and mechanical engineering, transport and storage, information technology, green technology, health care, life sciences, and food processing.
Environmental Technology
With biomass and hydropower being the most prominent renewable energy sources in Latvia, there still is potential to develop wind power and solar energy segments.
Food Processing
A robust supply chain, access to quality ingredients, and high quality standards can be listed among advantages of Latvia’s food processing sector.
Health Care
Health care sector in Latvia boasts having a combination of highly qualified staff, low costs, and first-rate facilities. Medical tourism is also getting importance due to reasonably priced treatments.
Information Technology
The industry has a lot to offer because of availability of highly skilled IT professionals, low cost but high-performance broadband, and a superb efficiency of IT infrastructure.
Life Sciences
The sector ranks high by turnover among manufacturing industries in Latvia, with value added growing steadily.
Metalworking and Mechanical Engineering
With skilled workforce, strong R&D capability, and access to supplies from various countries, metalworking and mechanical engineering has always been one of the leading industrial sectors in Latvia.
Transport and Storage
Access to Russian and European markets, excellent infrastructure, three ice-free ports and other factors greatly account for industry's success.
Woodworking
Representing one of the most important export industries of Latvia, woodworking companies greatly benefit from country’s vast forest resources, strategic location, industry expertise and cost-efficient labour force.
Business guide
Everything one needs to know when doing business in Latvia.
Business Incentives
Those willing to do business in Latvia will appreciate various tax incentives, labour related incentives, state and EU rendered loans and other advantages.
Foreign Direct Investment
Most of Latvia’s FDI inflow comes from neighboring countries in the Baltic Sea region and other EU member states.
Human Resources
Latvia ranks high among European states for the percentage of residents, who in addition to their mother tongue can speak at least one foreign language.
Business Infrastructure
Located on the crossroads between the main Eurasian markets, Latvia is a hub for transporting goods from Asia to Europe and vice versa.
Operating Environment
The Register of Enterprises undertakes to review applications and register companies as fast as within one working day.
Financial Environment
The overview provides insight into the banking sector of Latvia.
Taxation
General taxation principles in Latvia are set by the Taxes and Duties Act.
Annual Financial Reporting
Preparation of annual accounts is a must for companies in Latvia.
Quality of Life and Recreation
Riga is Europe’s capital of Art Nouveau architecture and one of the greenest cities in the region full of entertainment options.
Start-up Ecosystem
Around 400 startups, a pool of institutional investors and business angels, etc. make up the startup ecosystem in Latvia.
Locations
Useful links
Trade
When doing business in Latvia, statistics and information on industries might be helpful.
Foreign Trade Statistics
In 2019, Latvia’s main trading partners were Lithuania, Estonia, Germany, Russia, and Poland.
Industries
Industries like chemical, pharmaceutical and biotechnological industry, construction, design, electronics, food, forest etc. define the economy of Latvia.
Chemical, Pharmaceutical and Biotechnological Industry
R&D bases and a good cooperation between industry and scientific sectors result in great opportunities to conduct a research is microbiological synthesis, wood chemistry, virology, etc.
Construction and Building Material Industry
Latvian construction companies work well in different scales, ranging from general construction to specific installation works.
Design in Latvia
The advantages of Latvian design are its unique historic background, capacity to combine history and tradition with contemporary challenges and its long-term industrial background.
Electrical Engineering and Electronics Industry
Companies in Latvia manufacture such products as advanced acoustic systems, wireless data transmission equipment, and other telecommunications systems, industrial optics, nuclear electronics, etc.
Environment and Renewable Energy Industry
Latvia is internationally acknowledged as a country with a high level of biological diversity.
Food Industry
Latvia’s food producers manage to meet the demand for food that is fresh and natural, while taking advantage of modern technologies to ensure consistency, availability, and safety.
Forest Industry
With Latvia being one of the most forested EU member states, the forestry industry has always been its export leader.
Information and Communications Technology Industry
The industry mainly exports communication equipment, consumer electronic equipment, and computers and peripheral equipment.
Mechanical Engineering and Metalworking Industry
The main advantages of the mechanical engineering and metalworking industry are educated and well-trained workforce, excellent logistics infrastructure, short order delivery time, etc.
Printing and Packaging Industry
The main export products of the industry, such as books and magazines, go to Western Europe and Scandinavia, while labels and packaging tend to be for eastern markets.
Textile and Clothing Industry
The textile and clothing sector has deep cultural roots, mostly associated with natural materials, high quality, and a true-to-nature lifestyle and values.
Transit and Logistics
Due to its location Latvia helps connecting major world economies like.
Wellness Industry
In Latvia, medical tourists can benefit from a variety of medical services, including cosmetic, plastic and reconstructive treatment, rehabilitation, etc.
Latvian Export & Import Directory
International and Regional Trade Fairs in Latvia
News
Event calendar
News
Contacts
LIAA Contacts
+371 67039499
+371 67039401
pasts
[at]
liaa.gov.lv
2 Perses Street, Riga, LV-1442, Latvia (Pērses iela 2, Rīga, LV-1442, Latvija)
Business Information Centre at RIX
Magnetic Latvia Business Information Centre at C Departure sector of Riga International Airport is where visitors of Latvia get their first impression about the country.
Read more
Investment team
We offer guidance and support throughout the investment process, from preparation and initiation, through implementation, to ongoing follow-up.
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LIAA representative offices abroad
LIAA foreign representative offices help bridging Latvia and its entrepreneurs to the most crucial markets.
Read more
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