Here you can discover the main competitive advantages of doing business in Latvia. Some of the main are cost-effectiveness, highly skilled workforce, well-developed infrastructure, macroeconomic stability. But there are many more. Find out below.
Latvia is 2nd in the world according to the number of females obtaining master's degrees (Source: Education at a Glance 2021)
Read full storyTop-level infrastructure from well-developed transport and logistics to IT and communications. Latvia is 18th in the world on Economic Freedom Index (2022)
Read full storyLatvia`s tax system has been recognised as 2nd most competitive in the world (Source: International Tax Competitiveness Index 2022)
Read full storyTech-savvy founders are attracted by Latvia's favorable startup policies and vast funding opportunities. Latvia is the #1 startup-friendly country in the world (SIfted, 2021)
Read full storyOver the years, Latvia's economy has experienced one of the highest GDP growth rates in Europe.
Read full storyAs a member of the European Union, the Latvian government is channeling EU Structural Funds to implement a number of state-support programs to foster business development.
Find out moreThe attraction of foreign investment has been one of our national priorities and is recognized as a key source of economic growth. Most of Latvia’s FDI comes from other EU member states and in 2021 reached its highest point (EUR 20.9 billion).
Read full storyAs National Technology Transfer Centre LIAA provides various activities aiming to contribute to innovation growth by supporting technology transfer and by developing a platform for long-term cooperation between research and industry.
Find out moreRelatively small population does not make Latvia a major market, but the country’s key advantage is its location, providing access to its immediate neighbours. On its doorstep are the Scandinavian countries, Europe, Russia and the CIS countries.
Read full storyOur country offers a wide range of leisure options, from a vibrant city to unspoiled nature areas, from excellent music and theatre to fine dining, from water sports to architecture, from shopping to golf!
Find out moreLatvia has been a trusted NATO member for 18 years, which is the strongest military alliance globally.
Find out moreLatvia is on the road to address the issues of climate change and pollution by facilitating the creation of innovative projects and ensuring sustainability.
Find out moreELWIND is a joint Estonian-Latvian state-run cross-border offshore wind project in the Baltic Sea.
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