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Why is Latvia an Attractive Country for Foreign Investors?
Updated on Wednesday 01st August 2018
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Latvia is a country that supports foreign direct investments and at the same time offers a multitude of investment opportunities. The main sources for foreign direct investment flow have been the Baltic countries, however, more foreign investors are seeing the opportunities in business sectors like manufacturing, healthcare, logistics and IT and a number of other areas for investments.
Our team of company formation agents in Latvia can assist foreign investors who wish to open a company in Riga or another Latvian city.
Latvia’s main benefits for foreign investors
The list below highlights the main reasons why Latvia is an attractive country for foreign entrepreneurs:
- • Business climate: a quick and unbureaucratic process is in place for those who want to open a company in Latvia.
- • Business costs: competitive real estate and labor costs are available in Latvia; what’s more, a number of business incentives are also available in certain economic zones, for research and development and in other cases.
- • Good infrastructure: the country has developed business centers and good transport and logistics services.
- • Skilled workforce: Latvian workers are highly skilled and motivated, making it easy for foreign investors to recruit employees.
Latvia’s geographical location, near the Baltic states and Russia, makes it a country that also offers a favorable position to base a trade or transport business. In terms of foreign direct investments, the country offers freedom of establishment and complete company ownership.
Foreign investment details in Latvia
Some of the most popular business sectors in Latvia include financial and insurance, wholesale and retail trade, real estate, manufacturing, transportation, logistics and storage, construction, information, and communication as well as other activities.
Among the countries accounting for the highest percentage of foreign direct investment in Latvia, we can include Sweden, Estonia, the Netherlands, Luxembourg, Switzerland, the United Kingdom.
The main business entity types in Latvia are the limited liability company or SIA, the joint stock company or AS, the limited and the general partnership as well as the foreign branch.
Our team of Latvia company formation agents can give you more details about each of these business types as well as the steps for company registration.
Contact our agents who specialize in company registration in Latvia for more information about foreign direct investments.
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