Business Environment

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.

Advanced Business Infrastructure. Riga has emerged as the leading startup hub in the Baltic region, offering a dynamic environment for business growth and investment. The core of regional industrial activity is concentrated within special economic zones. Riga stands out as the only capital city in the Baltic with such a zone — the Freeport of Riga.

High quality of life with affordable living. Riga combines a high standard of living with reasonable everyday expenses, a rich cultural heritage, excellent public services, and a safe, family-friendly environment.

Strategic Investment in Urban Development. In 2025, the Riga municipality is implementing its largest investment programme to date — €288 million allocated to education infrastructure, transport improvements, and urban environment development.