Here are some of the key reasons why to invest in Riga.
Looking for a thriving European city that offers outstanding investment opportunities, a highly educated multilingual workforce, well-developed infrastructure, low cost of startup and business-friendly taxation system?
Latvia’s capital city, Riga may be exactly what you are looking for.
Located in a highly strategic position in Northern Europe with a booming economy that is corruption-free, this small yet mighty Baltic power could provide maximum ROI to savvy international investors who aren’t afraid to get ahead of the crowd.
Here are some of the key reasons why to invest in Riga.
Why invest in Riga
Low level of saturation
Riga is a hidden gem for investment as it has a largely untapped potential, despite the continual growth of the economy.
Although large international businesses tend to focus on other European cities, Riga offers the same excellent infrastructure, innovative workforce and solid economy without the high level of competition.
This makes it easier to establish visibility and brand awareness, and potentially deliver international investors with greater ROI than other similar destinations.
Outstanding location & infrastructure
The third largest city in Northern Europe, Riga offers precisely the right conditions for international business growth and success.
With more than 100 direct flights from the city and other worldwide locations, it provides an excellent ‘bridge’ between the large markets in Europe and Asia for optimal investment opportunities.
Additionally, the city boasts a myriad of high-quality coworking spaces, low cost office rentals, high speed internet connection and other features that can support the needs of startups and established international investors alike.
Rapidly growing startup industry
Thanks to the extremely business-friendly environment, Riga’s startup scene has exploded over recent years, especially within information and communication technology (ICT). Further growth is expected in the future, with four thousand new jobs to be created in the next three years alone.
Access to the largest talent pool in the Baltics
With its multilingual and highly educated talent pool of around 1.1 million, potential investors can rest assured they will have access to cutting-edge skills and knowledge, fresh and innovative ideas and a young and motivated workforce.
This is partly because of the high standard of education offered in Latvia that attracts students from Scandinavia, Eastern Europe and further afield who are keen to start their careers in Riga.
Incentives for investors
When you invest in Riga, you can take advantage of various investment incentives that have been designed to provide the ideal conditions for international business success in the city.
This includes:
- Green Channel
- For Filmmakers
- Other Business Incentives
- Workcation Riga 2022
Outstanding quality of life
Riga is a forward-thinking European city that prioritises green living and sustainable development. With its incredible natural beauty and plans to become the first climate neutral city in the Baltics by 2030, Riga could become one of the key players on the European business stage.
Summary
If you’re looking for opportunities to invest in Northern Europe, why not travel to Riga to discover just how lucrative this city can be?
With low market saturation, an innovative and creative young workforce, various investment incentives, outstanding infrastructure and low cost of living, Riga looks set to become one of the hottest cities for investment in the world.
