In order to receive the “Green Corridor”, the applicant has to complete all the criteria that apply to the company:

• The company must be founded in Latvia;
• Not insolvent, liquidated;
• The applicant has no international or national sanctions;
• The Russian Federation or the Republic of Belarus, its citizens or legal entities have no influence;
• No tax debt over 1000 EUR with the exception of tax payments for which an extension of the payment term has been granted, an agreement on voluntary tax payment or a settlement agreement;
• The application must be in Latvian;
• The application is signed by the person entitled to sign.

Investment projects in ICT, Bioeconomy, Smart materials and Photonics, Technology, Biomedicine and Pharmacy, GBS or Mobility, must fulfil 3 out of 4 criteria:

1. The investment amount in 3 years should be at least 5 million euros (in Riga – at least 10 million euros)
2. The investment project should create 75 new workplaces (in Riga – 100) or 50 new workplaces (in Riga - 75) with Latvia’s monthly average salary of the previous calendar year (published on the website of the Central Statistical Bureau of Latvia) multiplied with a coefficient of 1.5 (in Riga - the coefficient is 2)
3. The planned product and service export amount in 3 years after the launch of the investment project should be larger than 3 million euros (in Riga – the amount is 5 million euros)
4. The planned investment in R&D and employee competence development should be over 250 thousand euros

Investment projects in Construction, Transport and Logistics must fulfil following criteria:

1. The investment amount in 3 years should be at least 5 million euros (in Riga – at least 10 million euros)​​​​​
2. At least one company, which will be provided with the provision of a service or the creation of the relevant infrastructure, meets at least 2 of the qualification criteria:​​​​​

• The investment project should create 75 new workplaces (in Riga – 100) or 50 new workplaces (in Riga - 75) with Latvia’s monthly average salary of the previous calendar year (published on the website of the Central Statistical Bureau of Latvia) multiplied with a coefficient of 1.5 (in Riga - the coefficient is 2)
• The planned product and service export amount in 3 years after the launch of the investment project should be larger than 3 million euros (in Riga – the amount is 5 million euros)
• The planned investment in R&D and employee competence development should be over 250 thousand euros 

Investment projects in Smart Energy must fulfil 1 out of 2 criteria:

1. The investment amount in 3 years should be at least 5 million euros (in Riga – at least 10 million euros)
2. The planned investment in R&D and employee competence development should be over 250 thousand euros

In order to receive the “Green Corridor”, it is necessary to submit an application to the LIAA regarding the compliance of the investment project with priority status by sending an electronically signed application form to the e-mail address pasts@liaa.gov.lv, or without a secure electronic signature, by sending by mail to LIAA, 2 Perses Street, Riga, Latvia, LV-1442.

Depending on the priority sector, there are two different application forms:

1. Application form for investments in smart specialization sectors, such as, ICT, Bioeconomy, Smart materials and Photonics, Technology, Biomedicine and Pharmacy, GBS or Smart Energy and Mobility​
2. Application form for investments in Construction, Transport and Logistics

Information to be provided in the application form*:

• Key company information;
• Description of the investment project and relevance to the priority sector;
• Project implementation location;
• Investment amount;
• Brief activity plan and timeline;
• Job description and salary levels on created jobs;
• Planned export volumes;
• Planned investment amount in R&D activities.

*Information must be provided in Latvian

Together with the application form, applicant must submit supporting documentation:

1. documents that certify the availability of financing;
2. confirmation of the company who is provided with the provision of the service or the creation of the relevant infrastructure (if applicable)

Project implementation location is where the project applicant manufactures the product or provides services, according to the Regulations of the Cabinet of Ministers. The project may be implemented at several addresses if there is a unified manufacturing or service provision chain).

The availability of financing is certified by, for example:

• an agreement with a credit institution registered in the European Union or the European Economic Area regarding the necessary financing;
• an agreement with an associated party regarding the financing necessary, if the equity specified in the last concluded annual report of the associated party constitutes at least 100% of the total costs of the project;
• a corresponding project applicant board decision regarding the financing from their funds, if the equity specified in the last concluded annual report is at least 100% of the total project costs.

The Investment and Development Agency of Latvia will check the Lursoft public database for the equity of the corresponding merchants indicated in their last concluded annual report.

If the associated party providing financing is a foreign merchant not registered in the Register of Enterprises of the Republic of Latvia, a translation into Latvian of the last concluded annual report indicating the equity has to be provided.

The submission of a separate business plan is not a mandatory requirement. The Investment and Development Agency of Latvia will mainly evaluate the information specified in Subparagraphs 8.2.1-8.2.8 of the Regulations; however, this information should be indicated in a separate section of the application — “The description of the investment project business plan and the investment project”.