Incentives for investors

As a Member State of the European Union, Latvia implements EU regional funding for economic and social development. The largest financial instruments from which Latvia receives EU financial assistance are EU funds: European Social Fund (ESF), European Regional Development Fund (ERDF) and Cohesion Fund (CF). For the current EU funding budget, Latvia has been allocated EUR 4.53 billion EUR. Through EU funds, direct support is available for both local and foreign capital companies. Please see below some of the support instruments available for entrepreneurs:

Programme name Supported activities Maximum financing per year Support intensity of eligible project costs Application deadline
Support for employee training Training of employees 250 000 EUR 50-60% Till September 30, 2020
Voucher R&D activities, prototype development 25 000 EUR 45-85% While funding is available
Promotion of energy efficient resources Purchase of equipment; renovation of production buildings 1 000 000 EUR 30% October 1, 2020
Competence centers Industrial research; experimental development  Depends on available financing 50-70%
+15% (effective collaboration)
December 31, 2022
Aid for investment in agricultural processing Purchase of equipment; construction of facilities Up to 10 000 000 EUR 30-50% Calls open twice a year

Other incentives include loan programs from State Financial Institution, credit guarantees, business incubators, venture capital and others. For more detailed information, please contact the Investment team.

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