Narva is the third largest city in Estonia, located in Ida-Viru County. It is a unique place on the border of the European Union and Russia, characterized by a rich historical and cultural heritage, as well as an industrial past and present.
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.
Affordable real estate
Rental prices for apartments, office spaces, and land in Narva are on average 35% lower than in other major Estonian cities. You can always find the right option—whether it’s a temporary rental apartment, workspace, a permanent residence, office or production facility.
Support Makes It Simple!
EU funding programs make it possible to obtain support for business launches, restructuring efforts, and expansion.
The Just Transition Fund provides support for knowledge-intensive activities for entrepreneurs in Ida-Viru County. All companies registered in the Estonian Business Register, regardless of size or duration of operation, are eligible to apply if they plan to implement a project in Ida-Viru County or intend to invest here.
Additionally, the Just Transition Fund allocates nearly €8.46 million to establish a new industrial incubator in Narva town.
The incubator is primarily intended for industrial companies, including international ones, seeking modern rental space in Narva to develop their products and services. The incubator will be developed by the Ida-Viru Investment Agency (IVIA), which is a regional investment promotion agency of Ida-Viru county, responsible for promoting the region to foreign investors in order to diversify the local economy and business environment, and create jobs.
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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