Government services and information for entrepreneurs

For Latvian entrepreneurs, the local market often becomes too narrow for more ambitious business growth. The European Union (EU) single market opens up enormous opportunities – access to more than 450 million consumers without customs tariffs and with relatively uniform rules of the game. However, this does not mean identical rules in absolutely all areas of business. Starting a business or expanding an existing company abroad requires careful preparation. To become a global leader from a local player, a clear business model and an understanding of legal, tax and cultural aspects are required. Entrepreneurs must be able to balance courage with pragmatism, using both national and European level support instruments.

As global competition becomes increasingly intense, Latvia's dynamic economy and business-friendly environment have become an attractive destination for foreign entrepreneurs and investors. It offers access to the European Union's single market, competitive costs, a skilled workforce, a developed digital infrastructure, and a business-friendly tax regime.

When applying for state or European Union (EU) funding, it is important for entrepreneurs to understand the rules for business support. State support is an essential tool for both business growth in general and a significant stepping stone for the further development of a specific company, such as developing new products, increasing exports, embarking on digitalization or improving energy efficiency. Knowing these rules will not only help you successfully apply for funding, but also avoid the risk of having to repay the support you received later.