Business support
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. Grant programme "Impulss". Minimum Grant volume 5 000 EUR, maximum - 15 000 EUR
BUSINESS SUPPORT ORGANIZATION IN DAUGAVPILS:
ALTUM - Development Finance Institution
Latvian Development and Investment Agency
LIAA representative office in Daugavpils
The LIAA representative office in Daugavpils has expanded the range of services provided. New support for business development, innovation and export is available for small and medium-sized enterprises. The purpose of the support program is to ensure the availability of funding for the implementation of a business idea and business development in Latvia, promoting activities aimed at increasing the share of innovative merchants in the economy and promoting entrepreneurship.
The LIAA representative office in Daugavpils has a co-working space, or open office, where clients of the representative office can work, meet with cooperation partners and clients, use co-working space equipment (printer, scanner, etc.), as well as attend seminars and events held in the co-working space. Co-creation working hours: Monday - Thursday from 10.00 a.m. to 5.00 p.m. Mandatory prior registration on the platform https://business.gov.lv/
Facebook: facebook.com/LIAADaugavpils
Instagram: instagram.com/liaa.daugavpils/
More about support programs: https://business.gov.lv/en/support-programs
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.
