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Latvia

Heart of the New Nordics

We are becoming the HQ of sustainable innovations by addressing the circular economy and climate challenges. Latvia creates an environment for global scale rapid innovations and long-term investments.

Latvia is 4th in EU for renewable energy use

(Source: Eurostat)

Key sectors

Knowledge-intensive bioeconomy

5th most forested country in Europe

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Biomedicine, medical technologies & pharmacy

76% of Latvia-made chemicals & pharmaceutical products are exported

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Smart energy & Mobility

3rd in the EU in renewable energy consumption

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Information and communications technologies

3rd in Europe in the number of ICT students per 1M population

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Photonics, smart materials, technologies & engineering

One of the world's leading optical fiber products providers

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Skilled and motivated talent pool

Latvia is 4th in the world according to the share of female tertiary graduates (Education at a Glance, 2023)

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Developed infrastructure

Top-level infrastructure from well-developed transport and logistics to IT and communications. Latvia is 17th in the world on Economic Freedom Index (2023)

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Cost effective environment

Latvia`s tax system has been recognised as 2nd most competitive in the world (Source: International Tax Competitiveness Index 2023)

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Strong startup ecosystem

Tech-savvy founders are attracted by Latvia's favorable startup policies and vast funding opportunities. Latvia is the #1 startup-friendly country in the world (SIfted, 2021)

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Latvia has five Special Economic Zones (SEZ), which can offer appealing tax rebates for your business

Care of Sweden

"We chose Liepāja for several reasons, certainly its geographical location as a port city, as well as the proximity of two other ports approximately 100 km away, the ports of Ventspils and Klaipeda. Additionally, Liepāja offers a good business climate, which influenced our decision."

Marcegaglia

"We are delighted to have invested in Latvia and we are confident that our cooperation will continue to deliver great results in the future. We plan to resume operations very soon."

Antonio Marcegagliapresident and CEO of the company Marcegaglia

of territory is covered by forest

making Latvia one the greenest countries in EU

Our advisors

LIAA team is supporting foreign investors worldwide. We have closed the Representation Offices in Russia and Belarus.

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Investment and Development Agency of Latvia (LIAA)
Address: 2 Perses Street, Riga, LV-1442, Latvia

Phone: +371 25710113

invest@liaa.gov.lv
www.liaa.gov.lv
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Latvia

Heart of the New Nordics

Latvia is 4th in EU for renewable energy use

(Source: Eurostat)

Key sectors

Skilled and motivated talent pool

Developed infrastructure

Cost effective environment

Strong startup ecosystem

Latvia has five Special Economic Zones (SEZ), which can offer appealing tax rebates for your business

Care of Sweden

Pierre AnderssonChief Operating Officer (COO)

Marcegaglia

Antonio Marcegagliapresident and CEO of the company Marcegaglia

of territory is covered by forest

making Latvia one the greenest countries in EU

Recent news

Frankenburg Technologies Set to Skyrocket the Air Defence Industry in Latvia

Cembra Latvia establishes itself quickly and expands team within one year

Norwegian opens new routes to Spain, the UK and Croatia

Latvia and South Korea strengthen ties in biomedical and pharmaceutical industries

Our advisors

LIAA team is supporting foreign investors worldwide. We have closed the Representation Offices in Russia and Belarus.

Latvia

Heart of the New Nordics

Latvia is 4th in EU for renewable energy use

(Source: Eurostat)

Key sectors

Skilled and motivated talent pool

Developed infrastructure

Cost effective environment

Strong startup ecosystem

Latvia has five Special Economic Zones (SEZ), which can offer appealing tax rebates for your business

Care of Sweden

Pierre AnderssonChief Operating Officer (COO)

Marcegaglia

Antonio Marcegagliapresident and CEO of the company Marcegaglia

of territory is covered by forest

making Latvia one the greenest countries in EU

Recent news

Frankenburg Technologies Set to Skyrocket the Air Defence Industry in Latvia

Cembra Latvia establishes itself quickly and expands team within one year

Norwegian opens new routes to Spain, the UK and Croatia

Latvia and South Korea strengthen ties in biomedical and pharmaceutical industries

Our advisors

LIAA team is supporting foreign investors worldwide. We have closed the Representation Offices in Russia and Belarus.

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