
Latvia has experienced an extensive economic growth across all sectors over the past ten years. The global economic crisis, however, has led to many economic challenges. The Latvian government has expressed its determination to meet these challenges and prepared a development programme that features foreign direct investment (FDI) as a top priority and key to a fast and successful economic recovery.
As a small country in today’s globalised world, Latvia knows the importance of attracting foreign investment. It has consistently pursued liberal economic policies and welcomed FDI. Latvia has worked diligently to make doing business in this country easy and fast, for example it takes only one day to incorporate a company in Latvia. Other elements are:
The present economic conditions mean there are a number of attractive merger and acquisition opportunities in a variety of sectors including:
Cost effectiveness
International recognition
Gateway to the EU and Russia/CIS
Availability of temporary residence permits
Temporary residence permits are available in Latvia without the requirement to reside in Latvia for a specific period of time if a foreign national:
Upon receipt of residence permit one time fee shall be applied. Amount of fee varies from €25,000 (deposit and state securities) to 5% from real estate purchase value.
You can get more information about business and investment opportunities in Latvia from Doing business in Latvia 2016, published by BDO Latvia.