Latvia has a rather small population of 2 million, which is mostly situated in the capital Riga. One of the key advantages of Latvia lies in its location and easy access to the neighboring countries. The country is situated at the east coast of the Baltic Sea, in the crossroads of Northern and Eastern Europe. Latvia is bordered by Estonia, Russia, Belarus and Lithuania. The central location on the coast of the Baltic Sea connects Latvia to more than 300 million people of the neighboring Scandinavian and other Baltic countries, Russia and CIS states and Eastern European.
Infrastructure is a strong business advantage but Latvia is also known for its skilled and multilingual labour force, invaluable natural resources, stable economic situation and great business potential to foreign and domestic companies. Latvia has the capacity to provide a solid business environment for companies of different sizes. This is demonstrated by the presence of wide range of well known international companies in Latvia.
Business operations in Latvia benefit from EU membership, which enables the free movement of goods, services, capital and labour. Latvia is also part of the euro zone.