Latvia
Latvia is a country located in Northern Europe, one of the three Baltic States, alongside Estonia and Lithuania. It is bordered by Estonia to the north, Russia to the east, Belarus to the south, and Lithuania to the south. To the west, Latvia has a coastline along the Baltic Sea.
Residence by Investment Overview
Latvia offers a residence by investment program that allows foreign nationals to obtain temporary residence permits by making certain financial investments in the country. This program is designed to attract foreign capital and stimulate economic development while offering the opportunity to live and work in Latvia and the European Union.
Investment
Real Estate Investment: minimum investment of €250,000 in property
Investment in a Latvian Business: minimum contribution of €50,000 into the business.
Benefits
As Latvia is a member of the European Union and the Schengen Area, investors and their families can travel freely within the 26 countries of the Schengen Zone without the need for additional visas.
Latvia Residence by Investment
Latvia’s residence by investment program offers a straightforward pathway to obtaining residence in the EU, with various investment options ranging from real estate to business ventures. However, it’s important to consider all costs and legal requirements, as well as possible changes to the program over time. Applicants are encouraged to consult with legal and financial professionals to guide them through the process.
Benefits of residence by investment in Latvia
EU Travel: Latvia is a member of the European Union, so successful applicants gain access to travel within the Schengen Area without additional visas.
Low Taxation: Latvia has a relatively low corporate tax rate, making it attractive for investors wishing to do business in the EU.
Permanent Residency Option: After five years of temporary residence in Latvia, investors may be eligible for permanent residency, provided they meet certain requirements such as economic activity or language proficiency.
Access to Health and Education: As a resident of Latvia, investors and their family members can benefit from the country’s social services, including healthcare and education.
chengen Area Travel: As Latvia is a member of the European Union and the Schengen Area, investors and their families can travel freely within the 26 countries of the Schengen Zone without the need for additional visas.
Permanent Residency Eligibility: After five years of holding a temporary residence permit, investors may apply for permanent residence in Latvia. Permanent residency allows for indefinite stay and access to all the rights granted to Latvian residents, including the ability to work and live without restrictions.
