Why to establish a company in Latvia:
For what purposes you can use a company in Latvia?
20 reasons why establish company in Latvia
- Strategic location: Latvia is located in the heart of the Baltic region, making it a strategic location for businesses that want to enter the European market.
- Access to the European Union: Latvia is a member of the European Union, providing businesses with access to the largest single market in the world.
- Favorable tax environment: Latvia has a low corporate tax rate of 20%, making it an attractive location for businesses looking to minimize their tax burden.
- Competitive labor costs: The cost of labor in Latvia is relatively low compared to other European countries, making it an attractive location for businesses looking to reduce their operational costs.
- Highly educated workforce: Latvia has a well-educated and skilled workforce, with a high level of proficiency in languages such as English and Russian.
- Ease of doing business: Latvia is ranked as one of the easiest places in Europe to do business, according to the World Bank’s Ease of Doing Business report.
- Pro-business government policies: The Latvian government has implemented a number of pro-business policies to encourage foreign investment and business growth.
- Strong legal system: Latvia has a strong legal system that protects the rights of businesses and provides a stable business environment.
- Modern infrastructure: Latvia has modern infrastructure, including a well-developed road network, modern ports, and an efficient public transportation system.
- Good telecommunications infrastructure: Latvia has a high-speed broadband network, making it easy for businesses to stay connected and operate efficiently.
- Excellent logistics: Latvia is known for its excellent logistics infrastructure, with easy access to major European markets.
- Rich cultural heritage: Latvia has a rich cultural heritage, which can provide a unique and attractive environment for businesses looking to establish a presence in Europe.
- High quality of life: Latvia is known for its high quality of life, with affordable housing, good healthcare, and a range of recreational activities.
- Access to a talented workforce: Latvia has a strong education system, producing a steady stream of talented graduates in a variety of fields.
- Growing startup ecosystem: Latvia has a growing startup ecosystem, with a number of incubators, accelerators, and venture capital firms supporting entrepreneurship.
- Strong support for innovation: Latvia has a strong focus on innovation, with a number of government programs supporting research and development.
- Access to a variety of industries: Latvia has a diverse economy, with a range of industries including manufacturing, IT, logistics, and finance.
- Good trade relations: Latvia has good trade relations with other European countries, as well as with Russia and other countries in the region.
- Low cost of living: Latvia has a low cost of living compared to other European countries, making it an attractive location for businesses looking to reduce their overheads.
- Excellent quality of education: Latvia has a highly regarded education system, providing businesses with access to a skilled and knowledgeable workforce.