Doing Business in Latvia

Reasons to do business in Latvia:

  • Latvia provides a strategic location for business operations targeting developed economies of the EU and emerging markets of eastern neighbours.
  • Latvia is an EU country, a member of Schengen and an active participant of the World Trade Organization.
  • Latvia’s workforce is ranked in the top five in the world in terms of university students per capita.
  • Latvia has one of the fastest telecommunications infrastructures in the world.
  • Latvia’s position in the global market offers investors both opportunity and stability.
  • Latvia offers significant cost advantages to investors.
  • Latvia`s tax system has been recognized as 2nd most competitive in the world.

How to set up a business

Latvian Business Guide

More information on taxes, intellectual property rights, sectors and industries, regulation on competition, mergers and acquisitions is available here: