Latvia: A Safe Country According to European Rankings
Latvia has a crime index of 36.28, relatively low compared with other European countries. That figure, combined with a homicide rate that has halved over the past twenty years, reflects a steady improvement in safety. Its safety-walking-alone-during-daytime score stands at 81.64, a reassuring level for residents and visitors alike.
Latvia's membership of the European Union and NATO since 2004, together with the Schengen Area, reinforces its geopolitical stability. This triple membership guarantees a stable political environment favourable to foreign investment, in a country of around 1.9 million people at the heart of the EU. With a low assessed terrorism threat level, Latvia is a secure choice for doing business.
Crime in Riga: Facts and Perceptions
Although Riga is the country's nerve centre, crime there is moderate. Petty theft (pickpocketing) is mostly concentrated in tourist areas: the Old Town, near train stations and around Central Market.
- Avoid displaying valuables in public places.
- Use secure bags and keep them closed at all times.
- Stay alert on public transport and in tourist areas.
Political Stability and the Business Climate in Latvia
Latvia's political stability makes it fertile ground for business. As an EU member, the country benefits from the same protections and regulations as its European neighbours, which reassures investors about the durability of their investments. The country also has a low corporate insolvency rate, a further sign of this economic stability.
What Entrepreneurs Say
Many English-speaking entrepreneurs have chosen Latvia for its stability. They point to the ease of the administrative process and the helpfulness of local authorities. Find out more in our article on why entrepreneurs choose Latvia.
Living and Working in Latvia: The Expat Experience
Expats living in Latvia describe a high quality of life and a dynamic professional environment. The English-speaking community, though small, is active and supportive, offering plenty of networking opportunities. For anyone considering a tax relocation to Latvia, the standard of living here is particularly appealing.
Latvia: A Safe Choice for Building and Growing Your SIA
Latvia stands out for its safety, political stability and favourable business climate. A member of the EU, the Schengen Area and NATO for over twenty years, the country offers English-speaking entrepreneurs a reliable environment for setting up a business in a secure setting conducive to growth.
These facts confirm that, beyond preconceptions, Latvia remains one of the most stable options in the European Union for launching your SIA with confidence.