LATVIA — Smart Investment
WOOD WORKING
LIAA – Investment and Development Agency of Latvia
Your business gate openers providing quick solutions & ensuring smooth business startup
invest@liaa.gov.lv www.investinlatvia.org +371 67039473 2 Perses Street, Riga, Latvia, LV-1442
GREEN EXCELLENCE GROWING IN FRONT OF US 5th
most forested country in Europe
51 %
of the country’s territory is covered by forests
Capital Riga Territory 64.6 K km Population 1.9 M Currency € (EUR) Languages Latvian, English & Russian; German is also widely spoken
13 M m³
20%
6.5%
46%
share of forestry, wood processing & furniture in GDP (2021)
of forests are owned by the state & certified
of timber harvested each year
forest sector contribution to Latvian exports (2022)
INFRASTRUCTURE THAT MEANS BUSINESS
• Latvia: integrated in TEN-T transport core network
• Multimodal terminals in 3 ice-free ports & 7 smaller ports
• 1520mm: rail integrated in all CIS rail system; upcoming Rail Baltica project
• Forestland constantly expanding & the volume of timber in the forest is increasing 3x more than the area of forestland
EASY TO START
HELPING YOU GROW
• Startup visa as fast track for non-EU founders
• 50–60% of co-finance for Staff Training. Last call for applications will open in June
• EU Blue Card for highly qualified workers & their families • Temporary Residence Permit as another option
• Support for digitalization of processes in commercial activities • 5 Special Economic Zones