Invest In Ventspils
The Port of Ventspils is an industrial zone of the Northern part of the EU for the development of all kinds of industrial production. Our advantages include favorable conditions of cooperation, customized manufacturing infrastructure, availability and, if necessary, creation of strategic resources, major intellectual capital, scientific and educational potential, as well as an attractive environment of a coastal city next to the Baltic Sea. Due to convenient transport connections and diverse logistic solutions the EU, the CIS and even countries of Central Asia can easily access us.
7 Reasons to Invest in Ventspils
| Convenient import/export hub between the EU, CIS and Central Asian markets | Location in the East-West transit connection and the TEN-T transport network allows all types of logistics. |
| Customized territories for all kinds of industrial production | Territories of more than 500 ha equipped with electricity, IT and telecommunications as well as other utilities waiting for new industries (possible investments for the development of company infrastructure). Rent no bigger than 0.25-0.5% of the land’s cadastral value with a possibility to purchase land ownership. |
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Labour supply, high potential of intellectual capital |
Multilingual local labor (Latvian, Russian, English, German). Well-developed vocational education in required fields – the most modern infrastructure in the country to acquire professional skills of metalworking, mechatronics, mechanical engineering, energetic, electronics, etc. One of the best bases for vocational and higher education in the Baltics, covering such fields as IT, telecommunications, electronics, astronomy, engineering, mechanical engineering and other promising sectors. Modern infrastructure and possibilities of staff training in fields necessary for production. Active local scientific institutes for the transfer of R&D knowledge to the business environment. |
| Favorable business start-up, attractive tax environment, the special economic zone (SEZ) status. |
Clear unitary regulations and benefits for both local and foreign investors, as well as a secure business environment. Business company registration within a few days. Corporate income tax and immovable property tax are reduced by 80% until a company is able to compensate up to 35% (55% for small and 45% for medium-sized companies) of investments. When paying out compensation, corporate income tax is 4% which otherwise is 20% in Latvia, immovable property tax, in turn, is 0.3%. |
| Ambitious business incubation system | Infrastructure and service support of the VHTP Business Incubator at business start-up phase, including pre-incubation period. |
| Supportive local government that is open for cooperation in every development stage of the company |
A project coordinator for solving practical investment project issues and their faster guidance. Municipal support in providing utilities and public infrastructure necessary for production. Professional and regulator services within easy reach. |
| Comfortable and tidy urban environment | One of the most attractive coastal cities of the Baltic Sea. Ventspils is not only a port and an industrial park, but also a gorgeous environment for everyday life and tourism offering first-class infrastructure, a wide range of cultural, sports and leisure activities, all forms of education and a unique beach. |
Businesses currently in Freeport of Ventspils
Co-owner of the confectionery factory Pobeda and director-general of its Ventspils branch Andrey Muravyev:
- At Ventspils plant we have installed the world's most advanced chocolate production line. We have chosen the best equipment for our European branch, which allows us to work at the highest level, guaranteeing the highest quality and product safety. Ventspils is our gateway to the Latvian, European and world markets, and we are willing to enter them with the highest quality products and perfectly tasting chocolate. We are the first confectionery plant in Russia opening a production unit in Europe, and we regard the establishment of a plant in Latvia as a very important step.
Sales manager of Hydraulik Bauteile Baltic Alfrēds Grieze:
– Since our greatest customer Bucher Municipal Ltd. operates in Ventspils, we chose to launch our company’s operation right here. The future operations and business development in Ventspils was also supported by the fact that the municipality and the Freeport of Ventspils had been very flexible and had supported us in the development process.
