Why choose Latvia for commercial property investment?

Latvia is an ideal location for business development and investment, offering a unique combination of competitive advantages. Here you will find favourable operational solutions, a highly skilled workforce, modern infrastructure and macroeconomic stability. Investors will also be attracted by easy access to European Union structural funds and to a wide range of markets – both within and outside the Baltic region.

Strategic location
Riga – the capital of Latvia and the largest city in the Baltic States – is an important financial, cultural, industrial and political centre. Thanks to its favourable location on the Baltic Sea coast and modern ice-free ports, Latvia has become an important trade hub between East and West. Together with Finland, Estonia, Lithuania and Poland, it forms the EU’s eastern border with Russia, Belarus and Ukraine. The main export markets are the UK, Germany, Sweden and neighbouring countries. Exports include wood and metal products, machinery, textiles and foodstuffs.

As a member of the EU and the Schengen area, as well as the OECD and the World Trade Organisation, Latvia ensures free trade and effective cooperation with global partners. The country’s customs and border procedures are aligned with international standards, facilitating logistics planning.

Potential for natural resources and innovation
Thanks to its abundant natural resources, Latvia has developed its traditional manufacturing sectors – woodworking, metalworking and technical manufacturing. The transport and logistics sector is also an important part of the economy. IT, energy efficiency, modern food production and the creative industries also offer great opportunities. The country’s free trade policy and openness to global markets are contributing to a rapid upturn in business.

3 dynamic locomotive sectors of the economy

1. Services sector (70% of GDP) – provides employment for 60% of the population.
2. Industry (26% of GDP) – wood processing, construction, food and pharmaceuticals.
3. Agriculture (4.1% of GDP) – provides food security and jobs for 15% of the population.

Business-friendly environment
Latvia offers:

• A simple tax system with low corporate rates (20%) and opportunities for incentives for innovative projects.
• Multilingual workforce – more than 80% of the population speaks English and Russian, and young people often speak German, French or Spanish.
• Strong work ethic and experience in international business standards, which encourages harmonious cooperation with Western European and Asian companies.

Evaluate the opportunities today!
The Latvian commercial real estate market is becoming an increasingly attractive investment destination at European level. The country’s stable economy, strategic geography and growing technology sectors create ideal conditions for sustainable profits. Want to know more about investment opportunities? [Contact us here].

REALAT.LV – Your trusted partner in the Latvian commercial real estate market.