Entrepreneurship costs
| Latgale in figures | ||||
| Costs of labour force (gross), EUR |
Administration, management | From 450 | ||
| Skilled manpower | 250 – 500 | |||
| Office staff | 200 – 400 | |||
| Unskilled labour | 130 – 200 | |||
| Power resources, EUR | Electric power | 0,0617 EUR/kWh | ||
| Water-supply |
Cold water – 0,37 – 0,45 + 5% PVN Sewerage – 0,37 – 0,50 + 5% PVN |
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| Natural gas | 0,25 EUR/m3 | |||
| Liquefied gas | 0,5 EUR/l | |||
| Heat supply | 33 – 43 EUR/MWh + PVN | |||
| Woodchip | 3,55 – 5 EUR/m3 | |||
| Firewood (for heating) | 9 – 11 EUR/m3 | |||
| Costs of business taxes* | VAT |
18% 5 % 0 % |
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Social costs for an employee |
9% (employee) 24,09% employer |
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| Corporate income tax * * | 15% | |||
| Real estate tax | 1,5% | |||
| Indicators of costs efficiency |
Office premises in the biggest cities, EUR/m2 |
3,5 – 10 | ||
| Office premises in the rest of the territory, EUR/m2 | 2 – 5 | |||
| Premises for retail trade, EUR/m2 | 3 – 15 | |||
| Storehouses/industrial premises, EUR/m2 |
1,5 – 3,5 |
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| Costs of financial resources |
Interest rate of loans for enterprises in Lats |
6,5 – 7,5 % | ||
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Interest rate of loans for enterprises EUR |
6 – 6,5 % | |||
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Costs of loan granting |
Up to 0,7 % from loan sum | |||
* – more information in the section “Rezekne special economic zone” and “Appendixes”
* * – possible preferences, more information in the appendix section “Taxes”