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 % |
Non-EU reliable Corporate Tax – 30 % |
Salary cost optimization capabilities | Large Starting from 40% |
Large Starting from 85% |
Investments for factory opening | Average Utility costs average |
Low Utility costs low/average |
EU Funding | Fully possible | Not possible |
Production equipment service maintenance costs | Average Short travel time |
High Longer travel time |
Logistics costs | Low | Low |
Flights | Cheap, fast 2,5 h (Paris– Riga) |
Expensive, long 8h (Paris – New Deli) |
Time Zone | Friendly GMT +2 |
Afar GMT +5:30 |
Quality control of production processes | High Fully complies with EU standards |
Low 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 |
Business Risks | Low | High |
Formalities for extending manufacturing to Latvia or United Kingdom takes from 4 – 12 weeks:
1
Register the Company and open Bank Account.
2
Find suitable facilities for manufacturing and office.
3
Recruitment of required specialists.
4
Maintain accounting in accordance with the law.
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