SME pages
LATVIA
Infrastructures Supporting Business
The objective of LIDA is to promote business development by facilitating more foreign investment.
Latvian Guarantee Agency (LGA)
LGA aims to promote new SME formation and help support current SMEs, to stimulate investment in SMEs, to develop risk capital funds...
Mortgage and Land Bank of Latvia
The Mission of the Bank is to promote the economic development of Latvia through provision of the financial mediation and related services (lending to SMEs initiation of legislation, financial mediation…)
Latvia Chamber of Commerce and Industry (LCCI)
State Regional Development Agency (SRDA)
SRDA is an agency implementing national regional development policy in Latvia. In 2004 SRDA became a grant programme manager for the European Regional Development Fund.
Tax relief, relief on charges and other privileges
The government has reduced tax on businesses. For more information on tax relieves :Latvian Investment and Development Agency (LIDA)
Measures supporting SMEs
Credit support for SME development 2002-2006
Support to Market Oriented Research
Support to SME risk capital 2004-2006
Support to SME risk capital encourages risk taking in the start-up of innovative businesses.
Support to modernisation of business infrastructure 2004-2006
It aims to support private investments for improvement of business infrastructure, promote development of knowledge-based entrepreneurship…
Support to the development of new products and technologies 2004-2006
Consulting support for start-ups 2004-2006
Support scheme for creation of new start-ups providing consulting on elaboration of business plans, project proposals and business strategies.
Investment and Financial Support
Latvian Guarantee Agency
SME Crediting Programme: Mortgage and Land Bank of Latvia
The Mortgage and Land Bank of Latvia offers loans with preferential conditions. It contributes to business development in Latvia through crediting projects with a small volume and increased risk
Small and Medium Businessmen support fund
The risk capital fund 'Small and medium businessmen support fund' was jointly founded by the Mortgage and Land Bank of Latvia and the Norwegian-Latvian Business Development Fund
Norway-Latvia business fund
Support to investment in business development in specially supported territories (SRDA)
The purpose of grant schemes is to co-finance business development projects, in order to accelerate the development of the specially supported territories and promote business.
Latvian venture capital and private equity association (LVCA).
To promote the development of venture capital sector in Latvia, the six largest companies that operate in Latvia have founded a public organisation "Latvian venture capital and private equity association"
BaltCap Management
BaltCap Management is the leading private equity investor in the Baltic States providing equity capital for growth-oriented companies.
Hanseatic Capital
Hanseatic Capital is provider of mezzanine capital to growth-oriented businesses across the Baltic countries.
Baltic Small Equity Fund
The Baltic Small Equity Fund (BSEF) is a venture capital firm that invests in SMEs in Estonia, Latvia, and Lithuania.
The European Bank for Reconstruction and Development (EBRD)
Competitions
The American chamber of commerce and industry has also launched a Business plan competition
An Annual prize for innovation is supported by Employers confederation of Latvia.
Other Support Organisations
Euro Info Centre- Latgale
Euro Info Centre- Latvian Investment and Development Agency
Innovation Relay Centre (IRC)
IRC LATVIA is a joint project of EC and Latvia, realised by the Latvian Technological Center.
Latvian Association of Technology Parks and Business Incubators
The main goal is to bring together the corresponding institutions in the Baltic Sea States, primarily from the Republics of Estonia, Latvia and Lithuania.
