reasons to invest in

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.

Key sectors

Knowledge-intensive bioeconomy

One of Europe’s top five forest-rich countries

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Biomedicine, medical technologies & pharmacy

Latvia exports 76% of its domestically produced chemicals and pharmaceuticals.

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Smart energy & Mobility

Ranked 3rd in the EU for renewable energy use, Latvia offers a strong foundation for smart energy and mobility innovation.

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Information and communications technologies

Latvia ranks 3rd in Europe for ICT students per 1M population, ensuring a strong and growing tech talent pool.

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Photonics, smart materials, technologies & engineering

Latvia hosts one of the world’s leading producers of optical fiber technologies.

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Latvia’s Defense Innovation Ecosystem

Latvia is a TOP 3 NATO country for defense expenditures as % of GDP in 2025 and manufacturing.

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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

As of 2025, Latvia’s tax system ranks 2nd globally in competitiveness according to the Tax Foundation International Tax Competitiveness Index. (Source: International Tax Competitiveness Index 2025)

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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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5

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."

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Pierre AnderssonChief Operating Officer (COO)

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."

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Antonio Marcegagliapresident and CEO of the company Marcegaglia

Other video stories:

Care of Sweden
Marcegaglia

51%

of territory is covered by forest
making Latvia one the greenest countries in EU

Recent news

08.12.2025 - Real estate, Smart city

Major Swedish Investment Planned for New Ogre Apartment Village
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08.12.2025 - Companies, Food processing & retail

“Fazer Latvija”: 18 million investment, the most modern bakery in the Baltics, and ambitions for further growth
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08.12.2025 - Economy, Startups

UK eyeing (and seeing) business opportunities in Latvia
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02.12.2025 - LIAA

Riga to Host the Global Aftercare Forum 2026
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See other news

Our advisors

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Why Latvia?
Key sectors
Incentives for investors
Success stories
Resources
News
Contacts

  • 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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Copyright, LIAA 2023

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