Business - Regional information

Saliena

Regional information

Latvia is at the geographic crossroads, where the East and the West meet. Latvia has the fastest growing economy in the European Union, with over 10% GDP growth per year. The Latvian market offers a highly developed logistics, transport and IT infrastructure, whilst being perfectly located for easy access to Western Europe, Scandinavia and CIS. The capital city of Latvia is Riga - the largest city in Latvia and also in the Baltic States. Nearly one third of the country's population lives in Riga, and over 50% of GDP is developed here.

Saliena is situated at the point of intersection, adjacent to Latvia's main A10 motorway, connecting the nation's capital to the transportation arteries of The European Union and locally to the resort of Jūrmala. The town is just 8 km from Riga international Airport, 15 km from the historical centre of Riga, capital of Latvia, directly opposite to the Retail Park and a short walk from Saliena Golf course.


Corporate income tax

Latvia levies corporate income tax at a flat rate of 15% on adjusted accounting profits. Corporate capital gains are taxed as ordinary income, except for sales of EU-listed securities and EU-registered open investment fund certificates, which are non-taxable. Capital allowances are computed under the reducing balance method and the rates are fairly generous, from 10% for buildings to 70% for IT equipment. Dividends to qualifying EU companies may be paid without withholding tax.

Contact us

To learn more about taxation system and the Latvian market insights, contact us directly or acquire more information here.

Barny Edis
Commercial Manager Saliena Business Park
Phone: +371 6714 6316
Mob. Phone: +371 2632 1561
E-mail: barny.edis@saliena.com


Saliena - a town in creation

Barny Edis
Commercial Manager Saliena Business Park
Phone: +371 67146316
Mob. Phone: +371 26321561
E-mail: barny.edis@saliena.com


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