Establishing a Company in Latvia
Located in northeastern Europe, Latvia is one of the three nations known as the "the Baltics" and is located in the Baltic region between Estonia to the north and Lithuania to the south. Latvia has land borders with Russia to the east and Belarus to the southeast, while its western edge lies on the coast of the Baltic Sea, making Latvia a neighbor of Sweden, located across the sea. In the past, Latvia was under Russian control and, later on, it became part of the Soviet Union under the sovereignty of Moscow. Latvia separated from the Soviet Union and declared independence in 1990. Today, with a flourishing democracy, Latvia is a full member of the European Union and the OECD, and it is considered a growing, progressive nation.
Latvia's capital city, Riga, is home to over 600,000 residents, accounting for roughly one third of Latvia's population. The country's official language is Latvian, one of only two Baltic languages that are still actively in use (the other being Lithuanian). With that said, many of the country's citizens speak Russian, a remnant of the communist regime. Latvia boasts modern, thriving cities along side lush and diverse nature that includes expansive forests, wildlife, enchanting lakes and more, as well as picturesque villages and castles that dot the breathtaking natural landscape across the country.