Optimised transformation so you can stay ahead of threats and maintain long-term resilience
Services for the Defence sector
The security of Latvia is an integral foundation for our freedom, prosperity, and democracy. Security is not given but is something that must be actively maintained. It requires a targeted, planned approach and the ability to understand and proactively respond to increasingly complex and unpredictable challenges.
PwC in Latvia has long been a trusted partner in the defence sector, closely collaborating with state institutions, leading partners of the security ecosystem, as well as companies that develop security initiatives both within and beyond Latvia's borders, and foreign companies looking to develop their solutions here.
Strategic investment and collaboration in defence innovations are essential elements that connect Latvian and European expertise to enhance collective defence capabilities. This synergy not only provides economic benefits but also promotes stability and security in the region. It offers a unique opportunity to create sustainable and adaptable solutions to effectively respond to new security challenges and strengthen our defence positions both locally and internationally.
How we can help
We offer comprehensive services to defence sector companies, leveraging our local and international PwC network expertise. Our service range includes strategic and legal consultations, process review, evaluation, strategy development, and optimization of support functions. We also provide support in the public and private funding acquisition process, ensuring the preparation and analysis of project-related documentation, alongside other services required to provide defence sector companies with effective solutions.
Key Areas of our support
- Corporate Financing Services
- Public Funding Services
- Strategic Advisory and Legal Services
- Regulatory and tax compliance
- Manufacturing capacity
- Business development and strategic partnerships
Corporate Financing Services
Corporate financing
Complex support with fundraising process and assistance with communication with financial institutions, development of term sheet, process letter, meetings with potential investors, process management and related analyses.
Strategy development & Optimization of support functions
Buy-side and sell-side advisory services including price negotiations, preparation of marketing materials (Teaser and Investment Memorandum), searching and contacting potential investors/targets.
Public Funding Services
Support in the process of project preparation and evaluation, preparation of application documents, and at the project implementation stage
- Support with finding consortium partners and selecting suppliers, subcontractors
- Cost efficiency and/or Funding gap analysis
- Preparing a complete application documentation and support during the application evaluation phase (direct communication with stakeholders)
- Assistance in signing a funding agreement and support during the project implementation (payment requests, reporting statements, etc.)
Strategic Advisory and Legal Services
Site assessment
Detailed assessment of equipment, layout, permit requirements, costs, quality, work processes, workplaces, and more.
Production process optimization
Throughput increase, profitability increase, costs reduction, analysis & improvement of cycle time, value stream mapping, contract management, and more.
Strategy development & Optimization of support functions
Process scanning through the whole company with focus on inefficiencies, duplicates, potential for optimization, digitalization, automation, legal risk mitigation etc. Strategy review, design & execution.
Regulatory and tax compliance
- Investment Structuring and Tax Efficiency: Expert support in structuring investments to maximize return on investment, laying a foundation for robust financial operations.
- Export and Trade Compliance: Comprehensive advice on navigating export restrictions and customs regulations, ensuring adherence to international trade standards pertinent to the Defence sector.
- Intellectual Property and Data Rights Management: Guidance in handling intellectual property, data protection rights, and foreign currency limitations to bolster security and operational integrity.
- Legal Presence and Joint Ventures Establishment: Assistance in the establishment of legal entities and joint ventures in Latvia, facilitating strategic business development.
- Government Liaison and Collaboration: Facilitation of communication and collaboration with the Latvian Ministry of Defence, Ministry of Economy, and related agencies to meet regulatory requirements.
- Commercial Law Advisory Services: Specialist advice on navigating Latvian commercial law, with dedicated support for commercial contracts and non-disclosure agreements (NDAs) to ensure strategic and legally sound agreements.
- VAT and customs issues: Expertise in addressing VAT obligations and customs regulations specific to the Defence sector, ensuring compliance with local and international requirements.
- Tax planning services: Strategic advice on tax planning, tailored to the unique needs of Defence projects, to effectively manage tax liabilities and enhance financial efficiency.
Manufacturing capacity
We help you overcome challenges related to limited industrial capacity and access to modern production facilities.
Our solutions to build manufacturing capacity include:
- Identifying industrial park options, locations and tax incentives.
- Consulting regarding the technology transfer and investment in modern production lines.
Business development and strategic partnerships
We identify opportunities and help defence companies establish strategic alliances.
Our business development and strategic partnerships solutions include:
- Investment support and advisory: Guidance on navigating the Latvian investment landscape. This includes managing legal and regulatory requirements and incentive programmes.
- Attracting private equity investment: Leveraging our extensive network to attract investment.
- Tax and customs compliance: Specialist advice on tax compliance (ITS, VAT, and direct taxes) and customs regulations, focusing on international transactions and the specific needs of defence-related businesses.
- Comprehensive feasibility research: Focusing on the Latvian defence market and opportunities for dual-use technologies. Research includes financial feasibility studies, market analysis, risk assessment and financial modelling.
Why PwC for defence?
Our Differentiator |
Value for Your Company |
|
CEE Grants & Incentives delivery team |
100+ professionals having an experience of 300+ successful projects in different areas (including manufacturing, RDI, digitalisation, IT, automotive, energy, electronics and microelectronics) | The highest quality of services provided by CEE experts in Grants & Incentives and access to best practices in CEE region |
| PwC NATO Strategic Advisory Group | Based on +15 years working with the Alliance, PwC has designated NATO as one of our Global Priority Accounts. The PwC NATO leadership team consists of PwC representatives from each of the NATO member states, coordinated by PwC Belgium. | A deep understanding of NATO’s strategic, operational processes, as well as priorities tailored to each project. |
| PwC Global Center of Excellence in Drone and Counter-UAS Technologies | PwC Drone Powered Solutions team is the first global consulting Centre of excellence fully dedicated to Drone, and C-UAS technologies, with drone experts, business strategists, engineers and data scientists. Since 2012 has delivered 250+ projects gathering massive amounts of experience, building unique methodologies and technology solutions | Strong technical and strategic experience in Drone, and C-UAS technologies |
| Global Matchmaking | Thanks to the global network of PwC teams (including the team in Brussels), we are able to support our clients with services such as finding consortium partners in different countries, and more | Support in finding project partners at global level |
| Independence and Transparency | At PwC, independence and transparency are among our key values. Our services are not tied to or dependent on political, geopolitical, or other influences, excluding force majeure events | An independent and transparent approach to the project implementation |
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