
As a modern European business hub with a demand for skilled workforce, well-developed infrastructure, and a strategic location in the heart of Europe, Latvia has earned a reputation as one of the best places to host and launch global businesses. Which will boost the economy of the Latvia tremendously creating many job opportunities in the existing as well as new job categories. This will help you with getting better and very highly paid jobs.Over the last decades, Latvia has been on a steady economic growth path, powered forward by its increasingly modern and attractive business environment, as well as an emerging startup ecosystem that’s punching way above its weight. Of course, rapid growth necessitates talent to sustain it.Latvia's economy is heavily reliant on the services sector, which contributes the largest share to its GDP. This sector includes a well-developed financial services industry, transportation, and information and communication technology. Manufacturing and industry also play a role. Agriculture contributes a relatively small percentage to the GDP.High demand for workers across every industry has pushed the nationwide average salary up to 1,384 EUR gross, with the average salary across various positions in Latvian startups hitting 2,775 EUR gross in 2020. The minimum monthly salary in Latvia is 740 Euro. In their quest for talent, Latvian companies have also expanded their benefits and, today, remote work opportunities, mental health initiatives, and health insurance have become the status quo.
In Latvia, foreign children who are dependents of immigrants have the same rights to education as Latvian citizens. This includes access to free, mandatory primary and secondary education, as well as the opportunity to continue education after attaining majority. There are no separate or more restrictive procedures for their enrollment or acceptance into schools. Latvia being an EU member grants its citizens the right to live, work, and study in other EU countries. After 5 years of residency in Latvia, individuals can apply for long-term resident status, which simplifies migration to other EU countries.
- Skilled Workers: Professionals in IT, finance, manufacturing, healthcare, and construction with relevant experience and certifications.
- Tech Enthusiasts: Individuals with expertise in programming, software development, cybersecurity, data analysis, and AI for IT roles.
- Financial Experts: Professionals with finance, accounting, and fintech expertise can apply to Latvia’s growing financial services sector.
- Engineers and Technicians: Applicants with backgrounds in mechanical, electrical, and civil engineering for manufacturing and construction jobs.
- Healthcare Professionals: Doctors, nurses, and allied health professionals, especially those with EU-recognized qualifications or willing to take local language proficiency tests.
- EU Citizens and International Talent: While EU citizens enjoy easier access to the job market, non-EU citizens can apply for work visas in sectors with high demand.
- Information Technology (IT): Latvia's growing tech sector has created a surge in demand for skilled professionals across various IT disciplines. The country's strong ICT sector, employing around 40,000 people, has been on a non-stop hiring spree for years now and continues to be among the most attractive avenues for building a career in Latvia.
- Financial Services: The Latvian fintech ecosystem has continued to grow and evolve, driven by rapid technology advancements, new companies entering the sector, and strategic partnerships to boost growth. The landscape highlights the emergence of promising early-stage companies gaining significant traction and receiving considerable financial backing.
- Manufacturing and Engineering: Latvia's manufacturing sector remains a cornerstone of its economy, with a focus on processed foods, wood products, textiles, and electronics. The country has a high prevalence of SMEs, which dominate turnover compared to larger enterprises. Notably, Latvia ranks third highest in the EU for SME turnover share, underscoring the importance of this sector.
- Healthcare: There is a significant demand for healthcare professionals in Latvia, particularly doctors, nurses, and physiotherapists. Efforts are underway to attract workers in key occupations, addressing the growing need for healthcare services.
- Construction and Skilled Trades: The construction sector continues to experience growth, with a consistent need for skilled workers. In 2023, Latvia reported 24,300 job vacancies across different industries, with a significant portion attributed to construction and engineering roles.
Explore endless opportunities in the Lativa. Opt for a free consultation with Chieftains Overseas to get the latest information on career opportunities in Lativa and clarity on viable options based on your individual profile. Our fast and reliable counsellors offer customized recommendations for your specific needs. Choose the best and never settle for less. Launch your dreams of settling in the Lativa with the experts at Chieftains Overseas today!
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