{"id":4023,"date":"2017-11-10T07:14:25","date_gmt":"2017-11-10T07:14:25","guid":{"rendered":"https:\/\/www.conferencecall.co.uk\/blog\/?p=4023"},"modified":"2017-11-08T11:47:37","modified_gmt":"2017-11-08T11:47:37","slug":"exporting-to-latvia-everything-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-latvia-everything-you-need-to-know\/","title":{"rendered":"Exporting to Latvia &#8211; everything you need to know"},"content":{"rendered":"<p>The UK is Latvia\u2019s eighth largest export market, with exports of goods and services between the two countries worth around \u00a3745 million.<\/p>\n<p>The top\u00a0UK exports to Latvia are:<\/p>\n<ul>\n<li>machinery<\/li>\n<li>wood<\/li>\n<li>metal<\/li>\n<li>electrical equipment<\/li>\n<li>textile<\/li>\n<li>transport vehicles<\/li>\n<\/ul>\n<p>If you fancy doing business in one of the EU&#8217;s fastest growing economies, here&#8217;s everything you need to know about exporting to Latvia&#8230;<\/p>\n<p><!--more--><\/p>\n<h2>Where is Latvia?<\/h2>\n<p>Nestling on the Baltic coastline between Lithuania, Belarus, Russia and Estonia, Lativa is at the\u00a0crossroads of northern and eastern Europe and is in the heart of the developing Baltic States market.<\/p>\n<p>The country has a population of just over two million, and it&#8217;s capital, Riga, is around 1,400 miles from London, with regular flights available from the UK.<\/p>\n<p>Latvia&#8217;s official language is Latvian, its currency is euros, and the dialling code is +371.<\/p>\n<p><iframe style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m18!1m12!1m3!1d4474248.331330949!2d20.06045114945192!3d56.79976338122727!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x46e930677b8a9afd%3A0xcfcd68f2fc10!2sLatvia!5e0!3m2!1sen!2suk!4v1509961524779\" width=\"650\" height=\"500\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h2>What are the pros and cons of exporting to Latvia?<\/h2>\n<p>Latvia is a member of the\u00a0<abbr title=\"European Union\">EU<\/abbr>\u00a0and the\u00a0<a href=\"https:\/\/www.wto.org\/\" rel=\"external\">World Trade Organization<\/a>\u00a0(<abbr title=\"World Trade Organisation\">WTO<\/abbr>), and goods manufactured in the UK are exempt from import duties.<\/p>\n<p>The strengths of the Latvian market include:<\/p>\n<ul>\n<li>strong economy<\/li>\n<li><a href=\"http:\/\/www.doingbusiness.org\/rankings\" rel=\"external\">ease of doing business<\/a><\/li>\n<li>skilled workforce<\/li>\n<li>cost effective<\/li>\n<li>strong transport links and logistics base<\/li>\n<\/ul>\n<p>Benefits for British businesses exporting to Latvia include:<\/p>\n<ul>\n<li>strategic location<\/li>\n<li>ideal starter market<\/li>\n<li>open economy<\/li>\n<li>sophisticated consumer market<\/li>\n<li>English widely used as business language<\/li>\n<li>business incentives and <abbr title=\"European Union\">EU<\/abbr> funding available<\/li>\n<\/ul>\n<p>And there are little if any challenges to doing business in Latvia, so it should be as straightforward as doing business in any other EU country.<\/p>\n<div>If you\u2019re doing business in Latvia, you\u2019ll need a reliable and cost-effective\u00a0<a href=\"https:\/\/www.conferencecall.co.uk\/conference-call\" target=\"_blank\" rel=\"noopener\">conference call<\/a>\u00a0provider to help keep on top of business matters with overseas colleagues and clients. Here\u2019s\u00a0<em><a href=\"https:\/\/www.conferencecall.co.uk\/blog\/how-to-set-up-a-conference-call-between-latvia-and-uk\/\" target=\"_blank\" rel=\"noopener\">How to set up a conference call between the UK and Latvia<\/a>.<\/em><\/div>\n<div>\n<p>And remember, you can now screen share and video conference, using\u00a0<a href=\"https:\/\/www.conferencecall.co.uk\/blog\/now-can-screen-share-conference-calls\/\" target=\"_blank\" rel=\"noopener noreferrer\">Crankwheel<\/a>.<\/p>\n<p><iframe src=\"https:\/\/www.youtube.com\/embed\/D4mpJByOLQk\" width=\"650\" height=\"405\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h2>How does tax work in Latvia?<\/h2>\n<p>The main tax rates in Latvia are:<\/p>\n<ul>\n<li><strong>VAT<\/strong> &#8211; charged at a standard rate of 23%, with some goods charged at a lower rate of 12%.<\/li>\n<li><strong>Corporation tax<\/strong> &#8211; charged at 30%<\/li>\n<li><strong>Income tax<\/strong> &#8211; charged at a flat rate of 23%.<\/li>\n<\/ul>\n<h2>How will I be affected by customs in Latvia?<\/h2>\n<p>The internal EU single market allows for the free movement of goods and services without any import duties being applied, and testing is mandatory for some imported goods, especially technical and electrical equipment.<\/p>\n<p><a href=\"https:\/\/www.conferencecall.co.uk\/conference-call\"><img decoding=\"async\" class=\"alignnone wp-image-1777 size-full\" src=\"https:\/\/www.conferencecall.co.uk\/blog\/wp-content\/uploads\/2015\/05\/conference-call-banner.jpg\" sizes=\"(max-width: 600px) 100vw, 600px\" srcset=\"https:\/\/www.conferencecall.co.uk\/blog\/wp-content\/uploads\/2015\/05\/conference-call-banner.jpg 600w, https:\/\/www.conferencecall.co.uk\/blog\/wp-content\/uploads\/2015\/05\/conference-call-banner-300x59.jpg 300w\" alt=\"\" width=\"700\" height=\"118\" \/><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The UK is Latvia\u2019s eighth largest export market, with exports of goods and services between the two countries worth around \u00a3745 million. The top\u00a0UK exports to Latvia are: machinery wood<\/p>\n<div class=\"more-link-wrapper\"><a class=\"more-link\" href=\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-latvia-everything-you-need-to-know\/\">Read More<span class=\"screen-reader-text\">Exporting to Latvia &#8211; everything you need to know<\/span><\/a><\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[22,2,7],"tags":[23,3,24],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exporting to Latvia | ConferenceCall.co.uk blog<\/title>\n<meta name=\"description\" content=\"The UK is Latvia&#039;s eighth largest export market, here&#039;s everything you need to know about exporting to Latvia, including tax and customs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-latvia-everything-you-need-to-know\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exporting to Latvia | ConferenceCall.co.uk blog\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-latvia-everything-you-need-to-know\/\" \/>\n<meta property=\"og:site_name\" content=\"ConferenceCall.co.uk blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pages\/Conference-Call-UK\/178511498997826\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-10T07:14:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-11-08T11:47:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.conferencecall.co.uk\/blog\/wp-content\/uploads\/2017\/11\/Latvia-flag.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Les Roberts\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LesRobertsMedia\" \/>\n<meta name=\"twitter:site\" content=\"@ConfCallUK\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Les Roberts\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-latvia-everything-you-need-to-know\/\",\"url\":\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-latvia-everything-you-need-to-know\/\",\"name\":\"Exporting to Latvia | ConferenceCall.co.uk blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.conferencecall.co.uk\/blog\/#website\"},\"datePublished\":\"2017-11-10T07:14:25+00:00\",\"dateModified\":\"2017-11-08T11:47:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.conferencecall.co.uk\/blog\/#\/schema\/person\/fd51b09e17d75360ba18197c2c1c535b\"},\"description\":\"The UK is Latvia's eighth largest export market, here's everything you need to know about exporting to Latvia, including tax and customs.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-latvia-everything-you-need-to-know\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-latvia-everything-you-need-to-know\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.conferencecall.co.uk\/blog\/exporting-to-latvia-everything-you-need-to-know\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.conferencecall.co.uk\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Exporting to Latvia &#8211; 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