Why to do business in Latvia

Business in Latvia

Latvia is a small country in today’s globalized world and Latvia recognizes the importance of attracting foreign investment to sustain economic development. Latvia has consistently pursued liberal economic policies and welcomes investments that foster principles and benefits associated with free markets.


World Bank’s report Doing Business 2012  ranks Latvia as 21th out of 183 countries for ease of doing business, measuring quantitative indicators of regulations and the protection of property rights.
And among small nations of the world (population under 3.5 million), Latvia ranks in 2nd place.

Bureaucracy

The Latvian government and local authorities have worked diligently to streamline procedures for doing business in Latvia. For example, forming a company can be completed even in one day. More about company formation you read insection on ltd registration.

Collaboration with investors:

Government of Latvia fully understands that active dialogue between elected officials and international investors is a vital and continuous process. Key investment issues are also regularly raised with the government through the Foreign Investors’ Council in Latvia, various chambers of commerce and, less formally, through access to individual officials and decision makers.

Significant EU Structural Funds available:

As a member of European Union, EU funds are also available for companies in Latvia. Moe about advantages for Latvian company you can read in section on Advatages of Latvian company.