Become a member
FICIL is proud of the changes and improvements that Latvia has achieved through the cooperation between FICIL and the Government of Latvia. A better investment climate benefits the whole of Latvia by attracting further capital that is needed to improve the economy. FICIL members and Executive Board welcome applications from new candidate members.
If you are willing to participate actively in helping to improve the investment climate in Latvia, we invite you to submit your application to join FICIL.
New members are selected by the vote of existing members of the Council. When admitting corporate members, the Council follows the principle that the Council’s corporate membership shall, as much as possible, broadly represent the foreign direct investment in Latvia by its countries of origin and industries.
Business Enterprises
To be considered for membership a company should:
- Be a legal entity of good standing, not involved in any activities considered detrimental by the FICIL Executive Board.
- Have invested at least EUR 1 000 000 in Latvia or provide professional services billed annually at EUR 1 000 000 within Latvia.
- Have at least 25 % of fixed capital owned by foreign entity(ies) or individual(s).
- Not be a monopoly, or more than 50% owned by Latvian national or municipal government.
- Have active operations in Latvia.
- Observe transparency and good corporate governance in its operations.
- Commit to active participation by its senior management in FICIL’s work.
The FICIL Executive Board reserves the right to reject any applicant who’s current or past activities, in its judgement, in any way bring discredit or disrepute to FICIL's reputation.
There is a LVL 2200 initiation fee (one-time payment) and annual dues of LVL 2500 payable in advance. The working language is English and translators are not provided. The senior management stationed in Latvia is expected to participate in General Meetings and the key staff should be assigned to specialized FICIL committees working with the Latvian Government on a range of business environment issues.
FICIL application form for potential members can be found here.
Business Associations
To be considered for membership, the prospective associated members should be duly organized non-government business associations representing significant international investment groups in Latvia.
The FICIL's associated members are entitled to exercise the same rights as members.
We appreciate you giving this matter your careful consideration and we will give full consideration to your nominations.
