European best destinations 2025 - Riga

Invest in Riga, Latvia

Riga is one of the largest cities in Northern Europe, with 1,1 million inhabitants in the Riga metropolitan area—an open and safe place for investments.

The Economic Profile of Riga 2025

Riga, the heart of Northern Europe, is a vibrant city that combines the richness of history with modern innovation. Here, tradition and creativity converge to create a strong and attractive environment for both life and business. Our advanced infrastructure, including a modernised airport, a deep-water port and connections to the European transport network, ensures that Riga is a gateway to the global market. The city's workforce is highly educated and multilingual, with the majority of residents fluent in Latvian, English and Russian. Riga's society is innovative, open and ready for challenges, with its universities and research centres providing a strong foundation for scientific achievement and talent development.

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Why invest in Riga, Latvia?

Discover Riga – the heart of Northern Europe and a dynamic investment hub Riga offers access to vast markets, cost-efficiency, a highly skilled and multilingual workforce, well-developed business infrastructure, and a stable, long-term investment environment. It is a city where opportunity meets potential.

The Heart of Northern Europe. Riga is the largest metropolis in the Baltic States and one of the major cities in Northern Europe.

Strategic Location Riga offers convenient access to European markets and a highly developed logistics network. Over 6 million people live within a three-hour drive. The international airport provides direct flights to more than 90 destinations, while the Port of Riga connects with ports in 50 countries worldwide.

Competitive costs and favorable tax environment. Riga offers competitive labor and real estate costs, along with attractive tax rates and incentives.

Highly Skilled Workforce. Riga is Latvia's largest education centre, with 39.5% of the population holding a higher education degree and 29% possessing vocational secondary education. More than half of the population speaks at least two foreign languages. Latvia ranks 18th in the IMD World Talent Ranking.

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Priority Sectors for Investing in Riga, Latvia

For Investors

Riga – where ideas turn into successful ventures. A dynamic environment, openness to innovation, and a business-friendly atmosphere make Riga a place where bold ideas transform into tangible results.

If you need an assistance

We are your first point of contact if you're interested in Riga as a place for investment, business development, or film production. We will assist and help with the right people and organizations without added cost. Get in touch and let's make things happen.

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Recent news

20% Growth in Tourism in Riga in Q1 of 2025
20% Growth in Tourism in Riga in Q1 of 2025
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Film projects supported by the Riga Film Fund brought nearly 3.8 million Euros to the economy last year
Film projects supported by the Riga Film Fund brought nearly 3.8 million Euros to the economy last year
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The Economic Profile of Riga 2025
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