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List of incentives available in this location for quick easy reference below.

Incentives

Table key

  • Incentive offered
  • Incentive not offered
  • Did not submit information
Cash grants/incentivesMore [+]Less [-]
  • Support for international marketing (exhibition attendance, visits to customers, matchmaking)
  • 10 business incubators across Latvia for support of SME startups – grants covering 25-85% of costs of services during first three years
  • Grants for innovation and R&D (for example, EU Seventh Framework, EUREKA, services from research institutions)
Tax exemptionsMore [+]Less [-]

Four Special Economic Zones (SEZ) offer:

  1. 80% rebate on corporate income tax
  2. 80% rebate on real estate tax
  3. 80% rebate on withholding tax (i.e., withholding tax for dividends, management fees and payments for usage of intellectual property for non-residents)
  •  Corporate income tax rebates for large-scale investment projects (minimum EUR ~4.27 million over five years)
  • Local governments may grant rebates of 25-90% on local real estate taxes.
  • Favorable rates for depreciation and loss carry-forward
  • Latvia has one of the lowest corporate income tax rates in Europe, 15%, flat
Property assistance / other fiscal incentiveMore [+]Less [-]
  • Variety of Greenfield/Brownfield sites throughout the country individually selected and presented by the Investment and Development Agency of Latvia upon request
  • Possible investments from the local government on individual assessment basis
Training and labor market assistanceMore [+]Less [-]
  • Job-creation grant program, promoting new job creation, significant investments and salary expansion (granting up to 17100 Euros per newly-created position; 50 positions minimum)
  • Numerous training grants, services and programs (grants for placing disadvantaged/disabled persons, employer-requested training, training through industry associations, youth training, Leonardo da Vinci program, and others)
Loan guarantees, cheap loans or financeMore [+]Less [-]
  • Government loans for a range of development programs including improvement of business competitiveness, self-employment support and SME micro-lending and growth programs
  • Mezzanine loans for providing capital to companies with high growth potential
  • Loans for SMEs by the European Investment Fund in cooperation with banks Citadele and SEB in Latvia
  • Credit guarantees provided by the Latvian Guarantee Agency
  • The European Investment Fund’s initiative JEREMIE ensures partial equity financing for establishment of new seed, launch and risk capital funds (available through venture capital funds BaltCap and Imprimatur Capital)
  • Equity financing from private and angel investors
  • Export guarantees provided by Latvian Guarantee Agency
Exemptions from regulations
Target sectorsMore [+]Less [-]
  1. Services (healthcare, SSC/BPO, transportation/logistics)
  2. High-tech industries (greentech, ICT, life sciences)
  3. Traditional industries (food processing, metalworking/machinery/electronics, woodworking)
Sectors specific incentivesMore [+]Less [-]
  • Manufacturing and transportation/logistics: four Special Economic Zones offering tax rebates
  • Manufacturing and services: grants for job creation and employee training

Sponsorship

If you are the authorised promotions agency for Latvia and would like to have your location highlighted on fDi Atlas, you can contact our sales team on + 44 (0) 207 775 6667 or contact us here.