Business And Investmentopportunities In Latvia For Indian Immigrants

Latvia has virtually been a success story

Latvia has virtually been a success story. In the big competitive global Business environment this Baltic state seems to have grabbed the right note and has actually been able to appreciate role of foreign Investments in the country to foster economic growth and harness the benefits of rich dividends with minimum domestic capital outlay. To encourage development of right environment for commerce and trade more and more areas and fields are being explored to expand Opportunities for aspiring foreign businessmen. The focus is on developing large, medium and small scale companies. This seems to be a good prospect for Indian Immigrants.

Latvian authorities have been stepping up economic initiatives to garner more leverage to achieve sustainable growth. Very first step positively indicating towards this direction is reduction of the beaurocratic hurdles thus paving way for ease of establishing business enterprise in the country. As a financial support authorities have been channelizing EU structural funds to various areas.

The government is keen on getting feedback on its initiatives and policies from the Investors, for this purpose a non formal initiative has been set-up to take issues and concerns upto the authorities efficiently.

There are lots of advantages on offer to the Investors from around the globe, which Indian Nationals may find very attractive. You can establish your own enterprise of invest in an existing business concern. Even if you have decided to start your enterprise from scratch it is quick and smooth and you can get the procedure completed in just 4 days. Moreover the amount required as start up capital is barely 2000 LVL i.e. 2800. you just need to present a minimum of 50% of capital at time of registration while rest can be paid in liquid or through participation of property. The best thing here is that you do not need to be present personally for registration of the company and this process can be easily carried out by your authorized individual.

You can easily explore various areas like ICT, Woodwork, construction materials and industrial real estate. You have the chances and prospects of forming fruitful partnerships with the existing enterprise. Being a member of EU and Schengen treaty, you have innumerable prospects at your disposal of getting to access the huge and prosperous markets of European Union. The authorities also are quite supportive and offer incentive to exporters.

Government of Latvia is quite upbeat and committed to creating a business friendly environment and facilitating foreign Investments into country. Development of infrastructure has been on special emphasis and providing investors with venues that include separate well connected and developed SEZs. Foreign Investors can also avail assistance and credible free advice about business Opportunities, prospecting and establishment procedures, venue and assistance in nurturing contacts in industry.

by: Abhinav

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