Altum Funds or Plan B for Business in Latvia?

Many countries offer some good platforms for start-ups and new enterprises such as lower tax rates or even tax breaks, funds, loans and investors. Latvia is in a list of this countries thanks to ALTUM.

Why it could be interesting for you?

1. If you are owner of company so you can get loans to facilitate business operations and development. Type of loan depend of type and size of your company.
2. If you are just thinking about new start for yourself you can make a choice between loan to start a business, micro loans, seed and start-up venture capital programme, accelerator funds programme and others.

ALTUM is a state-owned development finance institution, which offers state aid for various target

groups with the help of financial tools (loans, credit guarantees, investing in venture capital funds, etc.).

The most great news that ALTUM supports enterprises at different stages of their development, starting

with developing business ideas to carrying out large projects if financing is not available in the private

finance sector.

If you have plan, idea and you want your big dream to come true in Latvia, it is time to do it because

deadline for term deposit agreements is 31 December 2020.

Newborn businessman or businesswoman can not forget about enterprise registration and other

aspects that could help to get loan. On the other hand, he/she also need to have plan B.

What do you need plan B?

1. If you are not sure about some points and you anyway do not have enough information that you can provide by your own.
2. If your vision of great business is not clear to others.
3. If you have difficulties with paperwork and understanding of rules, regulations, requirements and Laws
4. If for any reasons (something is not matching up) you did not get loan.

Find out more about this great opportunities and necessary steps of company registration with

Baltic Legal