Last Update by Katie, 10 Jun 2024

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Exchange Rate

13 Jun 2024


Cost of Living

Indicative value for a working adult in a city: Riga

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (EUR)
McDonalds Set Meal 7.25
Monthly Train and Bus Tickets 30
3 Bedrooms Rental (City Center) 875
3 Bedrooms Rental (Outskirt) 566

Current Inflation Rate



Minimum Wages

  • 700 EUR per month

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (EUR)
Fresh Graduate
5 Years
Experienced & Managerial Level
10 Years
Specialized & Senior-Level
15 Years

Annual Salary Growth


Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Social security 23.59% 10.50% All staff with foreign employers
Maximum compulsory contributions 700 EUR per month

Other Benefit

Other common employment benefits in Latvia include:

  • Fitness Allowance: Around 20 EUR per month
  • Private Health Insurance : Around 40 EUR per month

Income Tax


  • Tax period: 1st January - 31st December
    Filing Due Date:1st March - 1st June following the year

Country Level

Taxable Income Rate
up to 20,004 20%
20,004 - 78,100 23%
over 78,100 31%


  • Depends on the double taxation agreement between countries. Typically, only income originating in Latvia is taxed, the rate is same as residents

Working Hours


40 hours
8 hours a day, 5 days a week

Typical practice

40 hours
Monday - Friday


Permitted with a written agreement. Overtime cannot exceed 8 hours in a 7 day period

  • During public holidays: Extra payment of 100% of usual pay

Employment Contract



3 months
Probation period for 18+ year old's only


  • Notice during probation:
    - Both parties give 3 days' written notice
  • Notice after probation:
    - 1 calendar month, unless shorter period stated in collective agreements
  • Severance:
    - Up to 5 years' service: 1 month
    - 5-10 years ' service: 2 months
    - 10-20 years' service: 3 months
    - 20+ years' service: 4 months

Public Holiday

12 days

Country Level

Date Name
01 Jan New Year's Day
29 Mar Good Friday
01 Apr Easter Monday
01 May Labor Day
04 May Restoration of Independence Day
23 Jun Midsummer's Day
24 Jun St John's Day
18 Nov Proclamation Day of the Republic of Latvia
24 Dec Christmas Eve
25 Dec - 26 Dec Christmas Day
31 Dec New Year's Eve


Leave Type Entitlement Notes
Annual Leave 20 working days All staff with 6 months' service
Sick Leave up to 52 weeks All staff with at least 1 months' service
Maternity Leave 112 calendar days
56 days before birth, 56 days after
All expectant mothers
Paternity Leave 10 calendar days All expectant fathers within 2 months of the birth
Parental Leave up to 1.5 years All staff with children till the child is 8
Adoption Leave 10 calendar days All staff adopting children up to 3 years old
Study Leave Up to 20 working days All staff taking state examinations or higher education papers


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