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

reasons to invest in

Latvia

Where ideas meet talents

Latvian labour is highly educated and multilingual, with the capability to execute complex, high value projects. Talent in Latvia supports technology and knowledge intensive investments from idea to large scale implementation

reasons to invest in

Latvia

Where people are connected

Latvians are a data driven nation, combining analytical thinking with a strong sense of balance and purpose. We stay connected with people, culture and nature while maintaining a work-life balance that supports long term productivity. This grounding in tradition and environment strengthens focus, resilience and sustainable performance.

Connecting our key sectors to your opportunities

Sustainable Bioeconomy

One of Europe’s top five forest-rich countries

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Next-Gen Biomedicine

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

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Energy Systems

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

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Technology

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

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Manufacturing an Engineering

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

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Defense

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

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

Skilled and 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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