Latgale Special Economic Zone (Latgale SEZ) jobs and careers

About Latgale Special Economic Zone (Latgale SEZ)

In accordance with the regulatory policy the status and the tax reliefs of the Latgale Special Economic Zone (LSEZ) can be granted to enterprises that are registered and operate in the Latgale region. Management of Latgale SEZ is centralized through the Latgale planning region. Unlike in other special economic zones, the size and location of the territory that can be granted the status of LSEZ in each of the municipalities of the Latgale planning region is not predefined. LSEZ status can be granted to up to 5% of the total territory of the Latgale planning region, and is granted to the territory in which the entrepreneurs want to invest. Territory of Latgale planning region: 7 municipalities – Balvi municipality, Augšdaugava municipality, Krāslava municipality, Līvāni municipality, Ludza municipality, Preiļi municipality, Rēzekne municipality; 2 cities of the republican significance (Daugavpils and Rezekne); A total of 14 547 sq.km (or 22.52% of the total territory of Latvia) and includes 9 local municipality. Tax relief: 80% relief for company income tax; Up to 100% relief for property tax. The total amount of tax relief: Maximum allowed support intensity from the investments: 60% of the investment costs in tax relief – when the company conforms to category of small or micro company; 50% of the investment costs in tax relief – when the company conforms to category of medium company; 40% of the investment costs in tax relief – when the company conforms to category of large company. Accepted investment: Long-term tangible investments – buildings, constructions, equipment and machinery; Long-term intangible investments – costs of acquisition of patents and technology; The assets purchased must be new, except if the company conforms to the status of small or medium-sized capital company. More information: invest.latgale.lv