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The Ministry of Economics and LIAA offers '"Green Channel" for investments in priority sectors:
It shortens the time for administrative procedures by half for territorial planning, residence permits and foreign workforce attraction. The companies must fulfil 3 out of 4 criteria to apply for the support:
For more detailed information, please contact the Investment team.
Fast-track "Green Channel" fact sheet
Frequently asked questions:
Questions and answers within the Fast-track "Green Channel” initiative.
What is a project implementation location?
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).
What documents certify the availability of financing?
The availability of financing is certified by, for example:
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.
Is the business plan to be submitted separately from the description of the investment project?
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”.
Address: 2 Perses Street, Riga, Latvia, LV-1442
E-mail: andris.blumbahs@liaa.gov.lv
Stay up to date on the monthly newsletters on recent news and activities.
Stay up to date on the monthly newsletters on recent news and activities.