Latvian authorities have duly appreciated importance and relevance of foreign investments in domestic economy. There are various Incentives For Foreign Investors intending to enter country by infusing money into various sectors.
Generally talking local government extends similar treatment to foreign investors and domestic investing establishments. There are special provisions extended as Inducements for Overseas Investing concerns for infusing funds into

• Projects in form of tax discounts, waivers in value-added taxes in special economic zones and free port area.


• Large scale undertakings are granted a certain percentage of waivers on start-up investments injected into undertakings.

Numerous Advantages are offered to Foreign Businessmen Investing in Latvia in form of

• Devaluation of machinery in prescribed proportions


• Carry forward of losses upto prescribed periods or indefinitely as permitted

State employment authority is running several programs to facilitate employment givers like

• Free enrollment into register of employing organizations for posts needing manpower


• Assistance in selection of appropriate people for jobs


• Training personnel as requested by employing organizations


• Extending financial aids in form of


• Disbursement of certain proportion of remuneration for offering jobs to jobless labor, youth and labor with impairments


• Leonardo-da-vinci initiative for extending assistance in training local labor at international locations in partnering corporates

LIAA offers companies enrolled in one of 16 areas of designated investment financial support to cover expenses incurred in initiatives to train local labor
Several activities concerned with R&D are being assisted through different initiatives under FP7-EU scheme for R&D innovation, EUREKA, 8 TPKs (tech-transfer nodal windows) and competence units servicing industries innovating into new technology and commodities (LIAA is running this scheme which is rooted in assistance from EU under EU regional development fund)
Government has a dedicated scheme to groom up and nurture prospective business owners by offering them various facilities like

• Work-space and infrastructural facilities


• Extensive advice on various issues of business activities concerned with


• Interpretation of Business blueprint


• Incorporation of organization


• Ways and channels to procure financial advances and encourage investments from markets and identity schemes for financial packages offered by government etc.

Authorities also furnish sureties for Latvia based business owners who are unable to obtain financial advances from banks on grounds of not possessing assets to suffice for amount of pledge and their area of activity is classified as highly speculative and volatile
Mortgage and loan bank of Latvia a nodal government financial body has been entrusted with job of encouraging economic development in all areas of country and assist small and midsize organizations. Currently this agency is involved in facilitating advances in form of investments, operational liquidity, and gap financing and establishing business.
Other concrete Incentives being offered To various Investors domestic or Foreign are assistance in form of start-up finance raising facilitation for small and middles level companies. Baltcap Latvia has been effective assisting in raising private investments under the aegis of European investment fundâEUR(TM)s JEREMIE scheme.