LIAA - Investment and Development Agency of Latvia
Key Competitive Attractions
The Investment and Development Agency of Latvia (LIAA) was created with the dual objective of promoting business development to facilitate foreign investment, and increasing the competitiveness entrepreneurs located in Latvia.
Competitive attractions:
- In the last five years, Latvia has undergone rapid growth, with the emergence of developing sectors.
- Highly skilled, multi-lingual workforce
- Close business ties with Russia/CIS
- State support programmes
- Special Economic Zones
- Free LIAA support services
- Highly competitive tax rates - among the lowest in Europe.
- Low labour costs
- Low costs for construction, office space and industrial space.
- No tax on dividends to EU citizens
- High levels of productivity
- Member of the EU and NATO since 2004
- The world’s 29th best country for ease of doing business (World Bank Report, 2008).
- One of the best locations to establish a business in Northern Europe.
- Home to the biggest city in the Baltic States – Riga.
- Ideally situated at the heart of the Baltic Region.
- Direct-access border with Russia - one of just three EU countries to do so, making it strategically placed for east-to-west trade.
- Strategic position amid the fast growing Baltic market, and well placed to benefit from key opportunities in Russia and the CIS.
Infrastructure:
- Highly developed, integrated communications infrastructure.
- Europe’s fastest growing airport – Riga International Airport, with direct flights to over 70 destinations.
- Traversed by the Trans-Baltic highway (Via Baltica).
- Three major ice-free international ports, Ventspils, Riga and Liepaja, all easily accessed by rail, road and pipeline.
- Specialised, high-capacity railway corridor connecting Latvia’s ports to Russia and the Far East.
For a list of our current investment opportunities, please see our website.
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