Latvia is small country located conveniently at the crossroads of northern and eastern Europe. It is also 1Office’s newest branch and our office in Riga marks the start of our second wave of expansion. We established a business in Latvia and here are some reasons why you should consider bringing your business to this market too.

• It is logistically well developed with 3 marine ports, railroad to Russia and around 80 direct flights to worldwide destinations.
• Latvia is a member of EU, UN, NATO, OECD, IMF and WTO.
• Well-developed communication infrastructure, free wifi is available almost everywhere and internet speed has been consistently among the world’s top 10.
• Latvian people are well educated. In addition to Latvian they usually speak English and Russian, which makes hiring specialists easy.
• The level of salary is still quite low. The average monthly gross salary on 2016 was 894€.
• Low taxes – Latvia has one of the lowest tax rates in Europe
• From January 1^st Latvia has a Start-up law with a special tax regime that applies to certain start-ups and is unique in Europe.

A good news to all e-Residents of Estonia – in addition to Estonian e-services the digital identity also gives you an opportunity to establish a company in Latvia!