WELCOME TO LATGALE
Welcome to get to know Latgale as a brilliant location for expanding the growth of your business and accumulating new opportunities! Latgale Special Economic Zone is a solution so that any business can take advantage of the majority of the modern economy and the planned processes take place in the shortest possible time and with the most effective support of the state and local government.
First of all, we want to be proud that Latgale as a region is special in the whole Baltics as a well-developed and convincingly functioning multi-ethnic and multicultural environment that has been able to take advantage of such environmental benefits while avoiding negatives that are relatively rare even globally.
We offer to use Latgale's unique code for the development of your business, which together with the rapidly growing proportion of young people with higher education and especially technical and high-tech specialists in the active workforce, balanced and well-integrated transport infrastructure network, good railway access and high-speed optical Internet a fertile environment for the deployment, development and establishment of a wide range of businesses. Let's enjoy the famous landscape of Latgale, the history, the heritage, and great opportunities not only for work but also for recreation in all seasons.
Yours faithfully,
Iveta Maļina-Tabūne
Head of Administration of Latgale Planning Region
Head of Latgale Special Economic Zone
WHY LATGALE?
Latgale is a region with many opportunities and advantages. One of which is its location - these efforts are supported by a developed transport infrastructure that eases the planning of logistics.
Businesses from European Union choose to base their manufacturing in Latgale because of lowered costs of production – cheaper workforce, taxes and raw materials). Local governments have prioritized their efforts to develop industrial infrastructure and are supportive of new investors that can aid in the development of the region.
Significantly lower tax rates in the Special Economic Zone of Latgale, the availability of various European Union grants and the residency permit program for non-EU nationals and other instruments supports Latgale as an attractive place for investments.
Latgale is also well suited for various recreation opportunities because of its nature – numerous lakes and lush forests and an overall green environment. A special kind of investment with high potential can be made in the “black gold” of Latgale – sapropel that can be extracted from the bottom of numerous lakes and is used as an excellent fertilizer or a beauty product.
Aspects in favor of investments:
- Infrastructure for manufacturing (for metalworking and engineering, textiles, woodworks, production of food and beverages);
- Diversity of natural resources (water, land, forests, sapropel);
- “Eco” friendly environment (for tourism, SPA, Eco food production).
