Narva is the third largest city in Estonia, boasting a range of qualities that render it an appealing choice for investment.
registered Narva entrepreneurs
are micro, small and medium enterprises
monthly average gross income
Why Narva
Here are five compelling reasons to kickstart or expand your business in Narva
Ida-Virumaa has received attention and support from several measures, i.e. the Just Transition Fund
At present, investing in Narva presents an exceptionally opportune moment. This is due to the allocation of 340 million euros from the EU Just Transition Fund for Ida-Virumaa, with a significant portion—218 million euros—earmarked specifically for business ventures.
Affordable real estate
Narva presents investors with the advantage of affordable real estate compared to certain other regions of Estonia. This creates investment opportunities in both commercial and residential real estate.
Labor potential
Narva boasts a sizable pool of potential workforce, making it an enticing prospect for entrepreneurs seeking skilled employees. Furthermore, Narva’s multicultural population offers an advantage for companies aiming to enrich and diversify their teams.
Infrastructure
Narva features a well-developed infrastructure, boasting good road and rail connections, as well as the Sillamäe port dispatch. These assets actively foster business activities and trade within the city.
Recreational opportunities
Narva offers a number of recreational opportunities, including historical attractions such as Narva Castle, bastions, river promenade, old town, Kreenholm, etc. The city’s compact layout ensures that attractions and essential infrastructure are conveniently within walking distance of each other. Just 15 kilometers from Narva lies the resort town of Narva-Jõesuu, boasting Estonia’s longest sandy beach by the sea. Here, several top-tier spa hotels await, offering ideal spots to unwind after a busy workday. This accessibility ensures seamless accommodation for foreign guests, making Narva an excellent destination for both work and relaxation.
Invest in Narva
Narva is evolving at a rapid pace, with new tourist attractions, services, and opportunities emerging each year. Come and explore the beauty and potential of this vibrant Estonian city!
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