Latvia offers significant cost advantages to investors – including competitive labour and real estate expenses, as well as competitive tax rates. Coupled with strong productivity in manufacturing and services, Latvia provides investors with a highly cost-effective environment for business, producing compelling returns on investment.
- Riga, capital of Latvia – ranked as on of the Best Large European City for Cost Effectiveness by FDI Magazine “European Cities and
Regions of the Future “. - Competitive labor costs, relatively low in comparison with the U.S. and Western Europe.
- Competitive real estate costs and taxes.
- High productivity – Latvia is a leader among other EU countries with regard to wage adjusted labor productivity (highest value for each wage dollar).
- Stable, single currency – euro, since January 1, 2014