Liepaja Special Economic Zone

Company profile

Liepaja Special Economic Zone company profile

Liepaja bases its steady pace of development around its own advantages, which are particularly attractive to industry and trade in tangible commodities. As a result of its advantageous geographic location, Liepaja has always been one of the main entry points for foreign investment coming to Latvia. In order to make Liepaja even more attractive to business, a Special Economic Zone has been established guaranteeing one of the most favorable tax environments in the Baltic Sea region. Furthermore, Liepaja City Council is strongly committed to further improving the city’s business environment, and has allocated the major portion of its budget to development-related activities – education, transport and utility infrastructure. Thus, Liepaja provides an advantageous manufacturing location with direct access to European Union’s half a billion strong market together with local experience and capabilities in dealing with the Russian Federation and other emerging markets to the east of Latvia’s and European Union border. Establishment of the Liepaja Special Economic Zone has proved that, in the course of less than 10 years, it was possible to convert one of the most backward state regions into one of the leading industrial and logistic centers of the country. More and more foreign companies choose Liepaja as the place where to relocate their business, taking into account the geographical location of the City, its highly qualified labor force and industrial potential of the City. More and more foreign businesses chose Liepaja as place for further development of their businesses by assessing its geographical location, highly qualified labor and industrial potential. In the time period of 15 year Liepaja Special Economic Zone companies have invested more than 120 million EUR creating several thousand new working places in Liepaja and region. Thanks to performance of existing and former Liepaja SEZ enterprises, already today Liepaja is major manufacturing center – manufacturing productivity per one resident considerably exceeds that of any Latvian city, while in total amount giving in only to Latvia’s capital city Riga.