Now in Daugavpils

Business support

Information has been updated at 25.01.2023, 16:56

DAUGAVPILS CITY COUNCIL:

Support Of Business Enviroment in Daugavpils - presentation

Special Tax and Co-Financing Programms Within Daugavpils:

  • up to 25% for those who have created at least 5 new work places in a current year
  • up to 50% for the enterprises that employ people with disabilities (minimum 50% of the number of employees)
  • co-financing up to 70% for connecting to a centralized water supply or sewerage system
  • up to 75% of total project implementation costs. Maximum Grant volume 10 000 EUR

 

BUSINESS SUPPORT ORGANIZATION IN DAUGAVPILS:

 ALTUM - Development Finance Institution 

Latvian Development and Investment Agency 

Within the project, clients can apply for two types of grants:

up to 10 000 euros for specific services (prototyping, testing, licensing, certification, logistics, outsourcing, expert advice, etc.) - for each service;

up to 5 000 euros to cover the cost of acquiring equipment (production equipment, materials and raw materials) - for each unit of purchase. To apply for a hardware grant, a company must be a LIAA customer for at least 1 year.

Each grant is provided as co-financing with a maximum aid intensity of 50% of eligible costs. Incubator customers can submit 8 grant applications per calendar year. To summarize: a client can receive support from 40 000 - 80 000 euros per year, but not more than 200 000 euros for 3 years.

ABOUT LATGALE SEZ      ADVANTAGES OF LATGALE SEZ

Special Tax Relief Within Latgale SEZ:

  • 80% relief for company income tax;
  • Up to 100% relief for property tax.

Maximum allowed support intensity from the investments:

  • 55% of the investment costs in tax relief – when the company conforms to category of small or micro company;
  • 45% of the investment costs in tax relief – when the company conforms to category of medium company;
  • 35% of the investment costs in tax relief – when the company conforms to category of large company.

Accepted investments:

  • Long-term tangible investments – buildings, constructions, equipment and machinery;
  • Long-term intangible investments – costs of acquisition of patents and technology;
  • The assets purchased must be new, except if the company conforms to the status of small or medium-sized capital company.
  • Employee salary with taxes for 2 years.

 

LATGALES ENTREPRENEURSHIP CENTRE (LEC)

STATE EMPLOYMENT AGENCY REPUBLIC OF LATVIA

 

USEFUL SITES: