Support for Entrepreneurs and Employees
Last update 16.07.2021
More information is available on the website of the State Revenue Service: Support options in the face of difficulties caused by Covid-19.
Detailed information on the criteria for potential support beneficiaries, the granting conditions, and the receiving procedure is available on the website of the State Revenue Service.
In case of any questions or uncertainties, please call the SRS consultation number 67120000 or ask a question in writing under the SRS EDS section “Correspondence with the SRS”. Personalised consultations may be received when calling 67120000, as long as the person accesses his/her SRS EDS account during the call and relays the code that is shown there.
Support from the ALTUM Finance Institution
Entrepreneurs can apply to the ALTUM finance institution for:
- Working Capital Loan
- Loan Holidays Guarantee
- Export support
- Investment fund
- Guarantees to large companies
- Loans for large and medium-sized businesses
Find out more about these support mechanisms by calling +371 26655309.
Bank support for entrepreneurs
To mitigate the effects of the crisis, banks have developed various solutions for determining bank loan holidays, deferring capital payments, and temporarily postponing other liabilities. If you are a borrower, you can agree with your credit institution on changes in your payment schedule.
To ensure the security of both customers and employees of the banking sector, a large part of banking services is available remotely.
The list of banks and their contact information is available on the website of the Financial and Capital Market Commission.
Support from the Investment and Development Agency in Latvia
- Exceptions for non-compliance with 14-day self-isolation requirements for performance of work duties
The requirement of 14-days’ self-isolation need not apply to foreigners at the time and place of performance of their work duties, the arrival of whom in Latvia is required for the fulfilment of liabilities of Latvian merchants.
Telephone: +371 68803505
Find out more about state aid to companies here!