Invest in Latvia

What Invest in Latvia does

Invest in Latvia is the operating brand of the Investment and Development Agency of Latvia (LIAA), a governmental administration institution established in 1993 under Latvia's Ministry of Economics. Headquartered at 2 Perses Street, Riga, the agency functions as the Latvian government's primary vehicle for attracting foreign direct investment and supporting business development in-country. It markets six priority sectors to international investors: Sustainable Bioeconomy (forestry, agriculture, biorefineries, food processing), Next-Gen Biomedicine (precision medicine, pharmaceuticals, medical devices, digital health), Smart Energy (Power-to-X, biomethane, hybrid parks, smart city solutions), ICT (FinTech, communications, sensors, data centres), Manufacturing and Engineering (sustainable aviation, quantum, semiconductors, optical fibre, thin films), and Defence (drones, military manufacturing). The platform itself is informational rather than productised — a website, weekly newsletter, conference presence, and a global network of 22 representative offices staffed by sector-specialised advisors (Energy, ICT, Biomedicine, Defence) supported by a headquarters Investment Promotion Division. Beyond promotion, LIAA actively brokers ecosystem partnerships, most notably the 22-institution 2024 biorefinery memorandum, the €600-700M Fibenol Valmiera project with Green Corridor status, and the €114M ASNS Ingredient yellow pea protein facility with Pfeifer & Langen and Bühler. Revenue is not commercially derived — the agency is wholly funded by Latvian government budgets and provides tailored advisory, one-stop administrative assistance, and after-care services to investors free of charge, leveraging Latvia's regulatory selling points (0% corporate income tax on reinvested profit, 100% remote company establishment, and a Green Corridor regime that delivers administrative services twice as fast as standard legal timelines).

Name

Invest in Latvia

Legal name

Investment and Development Agency of Latvia (LIAA)

Website

https://investinlatvia.org

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Short description

Invest in Latvia (LIAA) is Latvia's national investment promotion agency under the Ministry of Economics, marketing six priority sectors — bioeconomy, biomedicine, smart energy, ICT, manufacturing/engineering, and defence — to foreign investors via 22-country office network, free advisory services, and Green Corridor fast-track administrative support.

Ownership category

akta.pro rank

Product category

Investment Promotion Services

NAICS

Finance and Insurance (52), All Other Financial Investment Activities (52399)

SIC

International Affairs (9721), Investment Advice (6282)

akta.pro primary industry

Export Promotion & Market Access Support (BPADAMAC)

akta.pro secondary industries

Economic Research, Statistics & Policy Advisory (BPADAMAJ), Trade Finance, Export Credit & Risk Mitigation (BPADAMAG)

Keywords

• Investment promotion services
• Foreign direct investment
• Government investment agency
• Investment advisory services
• Sector promotion

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices24 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Government Funding: As a governmental administration institution under the Minister for Economics, LIAA is funded through government budgets to promote investment and economic development in Latvia.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Invest in Latvia, operated by the Investment and Development Agency of Latvia (LIAA), is a government investment promotion agency that markets Latvia as an investment destination to foreign investors. It provides free tailored advisory, one-stop administrative assistance, and aftercare services for foreign companies, organized around six priority sectors: Sustainable Bioeconomy, Next-Gen Biomedicine, Smart Energy, ICT, Manufacturing and Engineering, and Defence.

Product overview

Invest in Latvia (operated by the Investment and Development Agency of Latvia - LIAA) is a government investment promotion platform that markets Latvia as an investment destination to foreign investors. The organization promotes six key economic sectors: Sustainable Bioeconomy (including forestry, agriculture, food processing, and biorefineries), Next-Gen Biomedicine (precision medicine, pharmaceuticals, medical devices, and digital health), Smart Energy (Power-to-X, biomethane, smart city solutions), ICT (FinTech, communication technologies, sensors, data centers), Manufacturing and Engineering (aviation, quantum, semiconductors), and Defence (drones, military manufacturing). LIAA provides investment promotion services including tailored advisory, one-stop administrative assistance, and aftercare services for foreign investors. The platform showcases success stories from international companies operating in Latvia and maintains a network of advisors both domestically and abroad across 22 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Promotion Services
• Sustainable Bioeconomy Investment Promotion
• Next-Gen Biomedicine Investment Promotion
• Smart Energy Investment Promotion
• ICT Investment Promotion
• Manufacturing and Engineering Investment Promotion
• Defence Investment Promotion
• Green Corridor Fast-Track Administrative Services

Quantifiable outcome

• 0% CIT rate applied to reinvested profit
• +2 more outcomes

Named customers29 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core and strategic.

• ASNS IngredientcoreStrategic or Co-development Partner · 18 June 2024Company founded to construct yellow pea protein isolate production facility in Jelgava with planned production commencing end of 2026. Technology developed in partnership with Swiss manufacturer Bühler.
• Biorefinery Memorandum Signatories (22 institutions)coreStrategic or Co-development Partner · 18 June 2024Memorandum signed by 22 companies and organizations including ministries (Economics, Agriculture, Climate and Energy, Finance, Transport), universities (RTU, University of Latvia, Latvia University of Life Sciences and Technologies, Vidzeme University of Applied Sciences), research institutions (Latvian State Institute of Wood Chemistry, Baltic Studies Centre, Institute of Agricultural Resources and Economics, BIOR), and companies including Fibenol, ASNS Ingredient, Aloja-Starkelsen, Field and Forest, Biolat, Bio-Venta to develop biorefinery ecosystem in Latvia.
• FibenolcoreStrategic or Co-development Partner · 9 April 2024Estonian cleantech company developing a commercial-scale biorefinery plant in Latvia using patented Sunburst technology to convert low-quality wood into functional biomaterials. Total investment of €600-700 million, with €70 million demo plant in Estonia. Project has received Green Corridor status and national priority investment project designation.
• Riga Technical University (RTU)strategicStrategic or Co-development Partner · 9 April 2024Committed to providing research support for Fibenol's biorefinery project, contributing scientific competencies and training high-level engineers for bioeconomy value chains.
• Latvia University of Life Sciences and TechnologiesstrategicStrategic or Co-development PartnerCollaboration on developing high-efficiency, low-emission protein sources and low-emission, high-efficiency biomass solutions. Also partner in Biorefinery Memorandum with programs in agronomy and food technology.
• Latvian State Forest Research Institute (Silava)strategicStrategic or Co-development PartnerResearch partner offering programmes in forestry, wood processing, biology, biotechnology, and environmental sciences supporting bioeconomy innovation.
• LatrapscoreStrategic or Co-development PartnerAgricultural services cooperative established in 2000, behind the ASNS Ingredient alternative protein project. Represents Latvia's agricultural sector seeking to add value to local produce through innovative processing.
• National Research and Innovation Institute (NIRI)strategicStrategic or Co-development PartnerFormed by merging Latvian Biomedical Research and Study Centre (BMC) and Latvian Institute of Organic Synthesis (LIOS), creating largest life sciences research institute in the Baltics. Partner in biomedicine sector development.
• Baltic Biomaterials Centre of Excellence (BBCE)strategicStrategic or Co-development PartnerLeading Baltic R&D hub for advanced biomaterials established through strategic cooperation between international and Latvian partners providing complete cycle from material science to clinical applications.
• Valmiera Municipality GovernmentcoreStrategic or Co-development PartnerLocal government partner providing 26-hectare industrial site in Valmiera Industrial Park for Fibenol's biorefinery development, supporting bioeconomy sector priority development in Vidzeme region.
• BühlerstrategicTechnology or IntegrationSwiss plant equipment manufacturer that partnered with ASNS Ingredient to develop production technology for yellow pea protein isolate, with over a year of research resulting in 82% raw material conversion rate.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Germany Trade & Invest (GTAI): Germany's federal economic development agency promoting FDI into Germany. Comparable in mandate (state-backed FDI advisory across multiple sectors) but operates at far greater scale and with substantially deeper resources, serving as the upper bound benchmark for EU investment promotion.
• CzechInvest: Czech Republic's investment promotion agency with a comparable one-stop service model and EU-focused FDI mandate. Comparable in function (government-backed investor advisory and after-care) though operating at meaningfully larger scale and budget.
• UK Department for Business and Trade (DBT): UK government's department responsible for trade promotion, investment attraction, and economic development. Comparable as a state-backed, multi-sector FDI and trade promotion actor though integrated into broader government operations rather than operating as a single-purpose agency.
• IDA Ireland: Ireland's foreign direct investment agency, widely regarded as a gold-standard investment promotion organization. Comparable in mandate (state-backed FDI attraction with sector specialization) and serves as a benchmark for incentive design, after-care, and win-rate measurement.
• Business Finland: Finland's national innovation and investment funding agency. Larger and better-funded than LIAA, but serves a comparable role promoting FDI, sectoral partnerships, and innovation-driven foreign capital — making it a benchmark peer despite Finland's larger domestic market.
• Singapore Economic Development Board (EDB): Singapore's lead government agency for investment promotion and economic development. Comparable in mandate and institutional design (government agency with sector-focused investment promotion) but operating at substantially larger scale and with global brand recognition.

Regional players

• ProColombia: Colombia's national promotion agency for FDI, exports, and tourism. Comparable in government-backed, multi-sector investment promotion model though operating in a different geography and serving different sector emphases.

Direct peers

• Invest in Estonia: Estonia's national investment promotion agency operating under similar governmental mandate to attract FDI. Directly comparable as a Baltic peer promoting a small EU member state to foreign investors across overlapping sectors (ICT, manufacturing, bioeconomy).
• Investuok Lietuvoje (Invest Lithuania): Lithuania's direct national counterpart, also a state agency promoting FDI into a Baltic EU economy. Closely comparable mandate, service portfolio (one-stop investor advisory, after-care), and target sectors including ICT, manufacturing, and life sciences.
• Business Sweden: Sweden's national investment promotion agency with a mandate to attract foreign investment and support Swedish companies internationally. Closely comparable in role, ownership (state-backed), service mix, and Nordic/Baltic regional focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/invest-in-latvia

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Invest in Latvia