Such enterprises that employ less than 50 people, and the annual turnover of which and/or the total balance sum does not exceed EUR 10 million (partnership enterprises and related enterprises must be taken into account as well).
Such enterprises that employ less than 250 people, and the annual turnover of which does not exceed EUR 50 million and/or the total balance sum does not exceed EUR 43 million (partnership enterprises and related enterprises must be taken into account as well).
Such enterprises that employ more than 250 people, and the annual turnover of which exceeds EUR 50 million and/or the total balance sum exceeds EUR 43 million (partnership enterprises and related enterprises must be taken into account as well).
a real estate is owned/being rented within the territory of RSEZ;
commercial activity is conducted within the territory of RSEZ;
an agreement is concluded with RSEZ Authority, and a permit for the performance of commercial activity within the territory of RSEZ has been received.
Long-term assets (buildings and premises, equipment and machinery);
Intangible assets (expenses related to the acquisition of patents and acquiring of new technologies);
Estimated salary costs for a period of two years.
Investments have been redirected to the following areas:
RSEZ enterprises have the right to receive the following tax incentives:
an 80% discount to corporate income tax;
an 80%-100% discount to real estate tax.
| Taxes subject to the application of incentives | Tax rate if operating in the status of RSEZ enterprise | Tax rate in Latvia |
|---|---|---|
| Corporate income taxapplicable on dividends | 4%* | 20% |
| Real estate tax | 0,3 — 0 %** | 1,5% |
* From 2018 corporate income tax in Latvia for reinvested or undistributed profit is 0%, while 80% discount in Rēzekne SEZ is applicable to dividends.
** All RSEZ enterprises receive an 80% discount to real estate tax, and the municipality is entitled to grant an additional 20% discount to the referred to tax.
Upon concluding a contract with RSEZ Authority, an enterprise may commence a procedure for the creation of a free economic zone in order to receive a permit for the performance of commercial activity in the free zone regime within the territory of RSEZ.
The free zone regime, which includes indirect tax incentives and special customs control measures, is applied to such enterprises.
The indirect tax incentives (0% rate on the value added tax (VAT)) is applied for supplies of goods within the free zone of the special economic zone for further exportation.
Support for the investigation and development programmes of the RSEZ territory
Financing for the entrepreneurship investigation, launch, support and training programmes at RSEZ
Support for investments in the infrastructure and real estate within the territory of RSEZ.
Support for the implementation of RSEZ education programmes.
Support for RSEZ enterprises in the form of subsidies for investments is available if at least one of the following conditions is observed:
In order to receive the status of Rēzekne SEZ enterprise, it is necessary to submit an application to the Rēzekne SEZ Authority for the conclusion of an agreement on investments for the performance of commercial activities in the territory of Rēzekne SEZ.
Documents to be submitted:
1. business plan for the planned activity of the enterprise in the territory of Rēzekne SEZ;
2. information on the planned investments and new work places in the territory of Rēzekne SEZ;
3. certified copy of registration certificate of the enterprise;
4. certified copy of statutes of the enterprise;
5. copy of the territorial plan of the enterprise;
6. document certifying the location of the enterprise in the Rēzekne SEZ territory (lease agreement or act of land registry);
7. information on registered structural units (if any).
If assistance is needed in the preparation of the relevant documents, please contact our consultants! RSEZ contact information
An agreement on investments for the performance of commercial activity is concluded, after which the merchant performs re-registration in the Register of Enterprises of the Republic of Latvia, including in the enterprise title the words “Rezekne Special Economic Zones…”.
An agreement on the performance of commercial activities in the territory of Rezekne SEZ is concluded, after which a merchant is granted a permit for the conduct of commercial activity in the territory of Rezekne SEZ with the right to apply the direct tax incentives provided in the Law “On the Application of Taxes to Freeport’s and Special Economic Zones”.
Document to be submitted:
Application for conclusion of the agreement on performance of commercial activity in the territory of Rezekne SEZ.
A merchant may commence the performance of investments after conclusion of an agreement on the performance of investments and/or an agreement on the performance of expected salary costs.
Documents to be submitted (may be submitted at the same time):
Agreement on performance of investments
1. Application for conclusion of the Agreement on performance of investments
2. Investment project concept
3. Declaration on the compliance of the enterprise with the small (small) or medium-sized enterprise
Agreement on the performance of expected salary costs
1. Application for conclusion of the Agreement on the performance of expected salary costs
2. Expected salary cost project
3. Declaration on the compliance of the enterprise with the small (small) or medium-sized enterprise