LATVIA — Smart Investment
ENGINEERING AND METALWORKING
invest@liaa.gov.lv www.investinlatvia.org +371 67039473 2 Perses Street, Riga, Latvia, LV-1442
20%
of all employees in manufacturing are working in this sector (2022)
2nd
highest share in exports among all manufacturing sectors (2022)
Capital: Riga Population: 1.9 M Area: 64.6 K km Member of EU, NATO, WTO & OECD GDP per capita: €20.7 K FDI: 57.8% of GDP
2nd
highest value-added among all manufacturing sectors (2022)
3rd
highest turnover among all manufacturing sectors (2022)
583 M
EUR FDI stock (2022)
80%
of the sector’s output gets exported (2022)
INFRASTRUCTURE THAT MEANS BUSINESS • Rail Baltica railway line Tallinn-Riga-Kaunas in 2026; 1520mm: rail integrated in all CIS rail system • 100+ direct flights: Riga International Airport – the biggest in the Baltics • Multimodal terminals in 3 ice-free ports and 7 smaller ports • 5 Special Economic Zones with 80%-100% rebate on RET and 80% rebate on CIT
HELPING YOU GROW
EASY TO START
• Vouchers for R&D activities, prototype development • Support for industrial research • Fast track 'Green channel' for large-scale projects
• Startup visa as fast track for non-EU founders • EU Blue Card for highly qualified workers & their families • Temporary Residence Permit as another option