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 and even countries of Central Asia can easily access us.
7 Reasons to Invest in Ventspils
| Convenient import/export hub between the EU 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 0.5% of the land’s cadastral value. |
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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 40% (60% for small and 50% 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 |
Support provided to companies by the Business Support Centre and the Investment and Development Agency of Latvia during their initial phase of operations. |
| 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
Māris Daniševskis, Head of the PtX Department at SIA PurpleGreen Energy C: “We believe Latvia has strong potential to become an exporter of renewable energy. One of the most effective ways to export this energy is by converting it into molecules – such as e-methanol or green ammonia – and then transporting it using the infrastructure available at the Freeport of Ventspils. We highly appreciate the support provided so far by the Freeport of Ventspils Authority and the positive start to our collaboration, and we are working with great optimism to bring this project to life.”
Uldis Ālītis, Head of Project Development and Innovation at SIA PurpleGreen Energy C: “This project is of strategic importance not just for Latvia, but for the entire European Union in reaching the goal of net zero emissions by 2050.
The planned facility will operate with an installed power capacity of 550 MW, enabling the annual production of around 550,000 tonnes of green ammonia. The project could increase Latvia’s total electricity consumption by 65–70%. Additionally, this project is expected to provide a significant contribution to the national budget – approximately EUR 66.4 million in taxes annually.”
Member of the Board of Froli Baltic Margret Fromme.
– Margret Fromme on the city of Ventspils: “We know the city of Ventspils now since over 18 years. For us and the team of Froli the city is like a pearl by the sea. The people are open-minded, tolerant, interested and friendly. It always impresses us how the city is investing in new social, cultural and economic sites and organizations. Every time we come here, we feel the positive energy and it’s like we’re visiting friends.”
And on the Froli Baltic team: “What is commendable is not only the level of education of the local workers, but also the fact that every one of them is ready to receive educational training, to learn, to acquire new skills and, most importantly – let themselves be taught. Some of the skills have to be learnt on the spot - production and processes change, therefore the workers need new skills and competences. The training in collaboration with the German colleagues is taking place both here and in Germany. We are very proud of the team and pleased with how honestly and thoroughly they are doing their jobs.”
