Non-resident property owners who register their economic activities with the tax authorities are liable to pay tax on their rental income at a reduced rate of 15%.

It is a very competitive country for foreign direct investments

Latvia provides good opportunities for investment and business in the finance sector.

It is a bridge between East and West.

Latvian tourism is gradually integrating into the world’s tourism system.

Standard VAT rate of 18 percent. Foreign investors are entitled to exemptions from VAT and customs duties on fixed assets which are imported as long-term investments.

Latvia’s economy shrank 18 percent

Retail sales in Latvia dropped by almost 30%.

Unemployment rate to be at 16% this year and may fall to 14% in 2011.

Consumer prices are forecast to decline 3.5% in 2010.