Why Latvia?

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.

 
Skilled and motivated talent pool

Latvia is 2nd in the world according to the number of females obtaining master's degrees (Source: Education at a Glance 2021)

Read full story
Developed infrastructure

Top-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 story
Cost effective environment

Latvia`s tax system has been recognised as 2nd most competitive in the world (Source: International Tax Competitiveness Index 2022)

Read full story
Strong startup ecosystem

Tech-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 story

Latvia in facts

Over the years, Latvia's economy has experienced one of the highest GDP growth rates in Europe.

Read full story

Business friendliness

As 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 more

Foreign direct investment

The 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 story

Technology transfer

As 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 more

Accessibility to large markets

Relatively 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 story

Quality of life

Our 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 more

International security

Latvia has been a trusted NATO member for 18 years, which is the strongest military alliance globally.

Find out more

Mission Sea 2030

Latvia 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 more

ELWIND

ELWIND is a joint Estonian-Latvian state-run cross-border offshore wind project in the Baltic Sea.

Find out more

Key sectors

Visma Labs

“Visma is very satisfied doing business in Latvia. Visma entered the market in 2014 and has since then grown the business in the country.  Latvians are hard working, reliable, they adapt easily to different cultures and deliver all tasks in high quality.”

Read more
Therese SlettenDirector Strategic initiatives, Visma group

TietoEVRY

“At TietoEVRY in Latvia we are setting new standards as we focus on attractive work environment. More than 750 of our employees have a modern work model – open-plan office, flexible working hour concept, fruits in the office, and psychologist counseling included in the insurance policy. We, Tieto Latvia, are an employer with a balance between work and leisure.”

Read more
Valērija VārnaCountry manager, Chairman of the board Tieto Latvia

Other video stories:

Visma Labs
TietoEVRY

Read why they have chosen Latvia

Sign up for newsletters

Stay up to date on the monthly newsletters on recent news and activities.

Please enter valid email

Thank you! Your email has been added to mailing list!

Sign up for newsletters

Stay up to date on the monthly newsletters on recent news and activities.

Please enter valid email

Thank you! Your email has been added to mailing list!

Please fill the input fields
Thank you the file has been successfully downloaded
Back