Investment services

The Investment and Development Agency of Latvia (LIAA), a government agency reporting to the Ministry of Economics, was founded to promote business development by facilitating the growth of foreign investment and increasing the competitiveness of Latvian entrepreneurs in domestic and foreign markets.

With 30 years of experience in the attraction of foreign direct investment to Latvia and the promotion of foreign trade, LIAA today offers an integrated solution. The agency supports companies both in Latvia and trading internationally, as well as overseas enterprises seeking business partners or locations in Latvia.

We offer guidance and support during the investment process, from preparation and initiation, through implementation, to ongoing follow-up. Our services are available free of charge.

Investors typically work with one of our advisors or project managers as a single point of contact. Department of Investment Projects works as a team, supporting each other to satisfy your needs as an investor. Our advisors have expertise in one or more business sectors and are thoroughly knowledgeable about the opportunities and requirements of these sectors.

An overview of our comprehensive services

Information on economic and market situation

We provide investor clients with information they need on evaluating Latvia as a potential site, including economic and market dynamics, workforce availability and business incentives.

Business opportunities

LIAA is a one-stop solution for foreign companies looking at establishing a new business or expanding their base in Latvia. We organize best location and fact-finding missions, company visits, bring investors to potential facilities sites and arrange meetings with stakeholders.

Investment incentives

We offer information on a host of financial and strategic business incentives available from local and state sources. As LIAA is also one of the administrators of EU Structural Funds in Latvia, we can identify programs applicable to our clients.

Contacts with business partners in Latvia and abroad

LIAA provides not only investment promotion within Latvia, but also export promotion in markets around the world. Through our representative offices, we have a wide and developed network of companies and individuals – located domestically and internationally - who are interested in working with investors, including suppliers, service providers, utilities companies and other investors.

Identification of best property options

LIAA operates its own data base of real estate sites, which we browse according to investor’s inquiry to satisfy the needs of a given investment project. Also the base of connections with real estate companies and municipalities gives opportunity to find best solution for your location.

Cooperation with municipalities and academia

We work closely with local governments throughout the country, enabling cooperation and support for individual investors. Research institutes and universities are active participants in working with investors in developing innovations, products and patents.

Access to relevant government officials

Our position within the national government provides access to relevant local and state officials, enabling streamlined decision-making and approvals for projects.

Assistance with start-up procedures and investment project aftercare

We provide project management services starting from project initiation, during set-up and after implementation (aftercare) by working with investors to identify lessons learned and new further opportunities for business development.

Contacts

Riga office

Address: 2 Perses Street, Riga, Latvia, LV-1442
Web: www.investinlatvia.org
For more information: invest@liaa.gov.lv
Phone: +371 25710113
For tailored advice contact our team of experts