Within the current global economic climate, finding the right investment opportunities can be more challenging and stressful if you’re looking for stable returns. However, Latvia’s capital city, Riga offers the ideal conditions to start or grow a business or to invest.
This innovation-friendly, safe, affordable and thriving European capital city offers a high quality of living, an outstanding talent pool, low taxation rates and hyper-connectivity that will help your investment provide maximum return on investment.
Here are some of the most compelling reasons why you should invest in Riga.
Foreign direct investment continues to accelerate
According to the Business in Latvia 2022/2023 publication, “Latvia has set new records, reaching accumulated foreign direct investment of €21 billion.”
Numerous forward-thinking international companies have taken advantage of the investment opportunities within Riga including Bucher Municipal (formerly Bucher Schoerling) and Schneider Electric, and startups continue to choose Riga.
With its young, highly educated and multilingual talent pool, an exciting level of innovation (especially within tech), Western work ethic and various investment incentives like the recently launched Workcation program, this looks set to explode over the coming years.
The economy is thriving
Despite the global recession, the impact of COVID and the problems with the international supply chain, Latvia’s economy continues to grow with GDP increasing by 4.8% in 2021 alone and its per capita income doubling compared to two decades ago.
Although the inflation rate could increase over the coming year, Latvia’s talent pool and future-focused approach look set to ease the impact. Invest in Riga to expand your portfolio and get the returns on your investment that many other European cities would struggle to provide.
Globally minded and hyper-connected
Latvia’s capital city Riga is ideally positioned in the Baltics as a bridge between the European and Asian markets.
Teamed with its high-speed internet and more than 100+ flights to the rest of the world, savvy entrepreneurs and business owners know that when they invest in Riga, they can reach global markets with ease.
Stable and anti-corruption
Invest in Riga and you can take advantage of a politically stable and uncorrupt business environment with friendly and welcoming locals.
A member of both the EU and NATO and ranking 36th among 180 countries according to the Corruption Perceptions Index (CPI) by Transparency International, it’s the ideal place to discover affordable yet fruitful investment opportunities in a safe environment.
Summary
Riga, Latvia is an open and safe environment for investors with a wealth of opportunities available, despite the global economic conditions. Invest in Riga today.
