Why Invest in Latvia? Excerpts from the Investment and Development Agency’s Website

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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

Access to Knowledge and Skills

  • Highly educated and multi-lingual workforce
  • Northern European culture and work ethic
  • Business knowledge and experience with Russia/CIS 

Gateway to EU and Russia/CIS

  • European Union boarder with Russia
  • Ice-free ports
  • Fastest growing airport in Europe
  • Integrated, well developed transport infrastructure 

Business Incentives

  • State support programmes
  • Special Economic Zones
  • LIAA services

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