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  • About us
    • 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
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    • 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 Singapore
      • 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 67039400 +371 67039401 liaa [at] liaa.gov.lv Location of departments
    • 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 Read more
    • 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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  • About us
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    • Key sectors
      • Environmental Technology
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      • Health Care
      • Information Technology
      • Life Sciences
      • Metalworking and Mechanical Engineering
      • Transport and Storage
      • Woodworking
    • Business guide
      • Business Incentives
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      • Human Resources
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      • Annual Financial Reporting
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  • 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
  • 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 Singapore
      • 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
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