Latvia ranks 19th in the world for ease of doing business, making it one of the finest areas to start a company. High-skilled and multilingual workforce, friendly government policies, strategic geographic location, one of the world’s fastest internet connections, convenient transport system, developed technical and IT sectors, simple company formation procedure, highly developed infrastructure, and a stable financial and political environment are just a few of the advantages of the Latvian market.

Latvia offers several incentives to potential investors as part of its EU membership, ranging from free trade in goods and roaming tariff-free cell phone subscriptions to significant access to EU-funded structural investment for business development. Food processing, electronics, healthcare, life sciences, green technology, woodworking, metalworking, information technology, transportation, and logistics are among Latvia’s most developed industries.