Incentives for investors

Having initiated your business journey and now enthusiastic about exploring growth prospects or securing funding, we invite you to peruse the information in this section for valuable insights and support. Let us help you take your business to the next level!

For additional information, please reach out to us via email invest@liaa.gov.lv or give us a call at +371 25710113.

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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Fast-track 'Green Corridor' initiative

We offer incentives to shorten the time for administrative procedures by half for territorial planning, residence permits and foreign workforce attraction.

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Special Economic Zones

There are five Special Economic Zones (SEZ) in Latvia that offer 80% rebate in real estate tax and corporate income tax.

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CIT rate is applied to the reinvested profit

Support programmes

If you've already taken the first step in launching your business, and you're now eager to explore exciting development opportunities or secure funding, visit our website for valuable insights and support!

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1 - 3

days to register your company

with eID and eSignature

ALTUM

ALTUM is a state-owned development finance institution, which offers state aid such as: ● loans (for new companies and startups, to entrepreneurs, for energy efficiency, capital discount, for consequences of war); ● guarantees (credit, export credit, for consequences of war); ● investing in venture capital funds.

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Green Innovation Programme

The Green Innovation Programme (GIP) supports R&D and deployment of green products, technologies or business models which have beneficial impacts in terms of climate change mitigation, resilience to climate impacts, pollution control or the circular economy.

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Funding a Green Future for Europe

CINEA plays a key role in supporting the EU Green Deal through the efficient and effective implementation of its delegated programme.

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Bonus insights

If you are interested in exploring a wider array of incentives beyond the ones mentioned, we have compiled additional information and resources for you to delve into.

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Key sectors

Knowledge-intensive bioeconomy

5th most forested country in Europe

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Biomedicine, medical technologies & pharmacy

4th by turnover amongst manufacturing industries in Latvia

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Smart energy & Mobility

3rd in the EU in renewable energy consumption

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ICT & Smart city

Leaders in exporting telecommunications services in the Baltic States

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Photonics, smart materials, technologies & engineering

World’s leading provider of fiber optic products

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Fokker Next Gen

Crimppi

Care of Sweden

"The decision of the Swedish company Care of Sweden to build a production plant in Liepāja confirms that Latvia is attractive for investments."

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."