Looking for opportunities to expand production processes and optimize them while staying in the Europe? RATIO INTERNATIONAL provides full support for finding partners in Latvia and England, as well as providing all the necessary formalities for business registration, office settlement and recruitment selection.
By cooperating with RATIO INTERNATIONAL, you will:
- Optimize the salary costs and taxes, remaining in EU;
- Comply with all the EU production quality standards;
- Expand new markets;
- Expand new product manufacture, on account of cost optimization.
Compare RATIO INTERNATIONAL’s manufacture expansion suggestion with an Indian-based production facility:
|LATVIA (EU)||INDIA (ASIA)|
|Tax policy||EU compliant
Corporate Tax – 15 %
Corporate Tax – 30 %
|Salary cost optimization capabilities||Large
Starting from 40%
Starting from 85%
|Investments for factory opening||Average
Utility costs average
Utility costs low/average
|EU Funding||Fully possible||Not possible|
|Production equipment service maintenance costs||Average
Short travel time
Longer travel time
2,5 h (Paris– Riga)
8h (Paris – New Deli)
|Quality control of production processes||High
Fully complies with EU standards
Doesn’t comply with EU standards
|Specialist labor force availability in the market||High||Moderate|
|The credibility of the work done||High||Low|
|Work Safety||Complies with EU standards||Not specified|
Formalities for extending manufacturing to Latvia or United Kingdom takes from 4 – 12 weeks:
Register the Company and open Bank Account.
Find suitable facilities for manufacturing and office.
Recruitment of required specialists.
Maintain accounting in accordance with the law.