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Right to Live in Latvia

The program grants a five-year temporary residence permit that can be renewed indefinitely if the investment continues. The Golden Visa allows the applicant and his family to live in Latvia permanently. Permanent residence permit is valid for life if the investment continues. There is no limit on how long you can stay. On the other hand, there is no minimum length of stay, either.

The Latvia Golden Visa program offers unlimited renewal rights if the required investment is maintained.

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Access to the European Union Market

Latvia is a member of the European Union, granting investors access to the vast EU single market, facilitating business operations across member states.

Positioned in Northern Europe, Latvia serves as a gateway between Western Europe and the Baltic region, enhancing trade and investment opportunities.

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Freedom of Movement: Visa-Free Travel

Latvia Golden Visa holders can travel in the Schengen area for up to 3 months each semester without needing an additional visa. The Schengen area consists of 26 European countries that have officially abolished visas and border controls at their common borders.

The Schengen Area covers most EU countries except Ireland and the soon-to-be-joined Romania, Bulgaria, Croatia and Cyprus. Although not members of the EU, countries such as Norway, Iceland, Switzerland and Liechtenstein are also part of the Schengen zone.

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Family Inclusion

The residency plan allows Golden Visa holders to include their spouses and children under 21 to obtain a residence permit and enjoy all the benefits of the Golden Visa program. Thus, two generations of family members are included in the program with a single investment.

In some cases, dependent parents or other relatives may also be included, subject to specific conditions and approvals.

Family members receive the same residency rights as the primary investor, including access to education and healthcare. Spouses can work, and children can attend schools in Latvia, ensuring comprehensive family integration.

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Business Opportunities

The program offers a variety of investment options, including real estate, that are relatively affordable compared to other European countries. The applicants have an option to make a financial investment or set up an approved business instead of buying a real estate.

Latvia offers a competitive corporate tax system, with a flat corporate tax rate and favourable conditions for startups and established businesses. It also enables the investors access to a well-educated and multilingual workforce supports diverse business needs.

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No Residence or Minimum Stay Requirement

Since there is no obligation to reside in Latvia, the program does not impose a minimum stay requirement for maintaining the residence permit through the Golden Visa program. This means that holders of the Latvian Golden Visa are not required to spend a specific number of days in Latvia each year to retain their residency permit.

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Pathway to Permanent Residency and Citizenship

Although the program does not offer citizenship directly, it does provide a path to permanent residency and Latvian citizenship. after 10 years. After five years of legal residence (183 days per year), Golden Visa holders can apply for permanent residency, and after 10 years, they may be eligible for Latvian citizenship, provided certain requirements are met.

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Economic Stability and Life Quality

Latvia offers a stable economic and political environment with the added benefit of being part of the European Union. Additionally, Latvia is known for its high quality of life, beautiful landscapes, cultural richness and modern infrastructure The country offers a vibrant cultural scene, historical sites, and natural beauty, enhancing personal living experiences.

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Education and Healthcare

Investors and their families have access to high standard and quality educational institutions, including universities and international schools, catering to families. Comprehensive healthcare services are available, ensuring residents have access to medical care.

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Low Investment Threshold

Latvia has a more affordable entry points for residency, the lowest investment threshold among residence programs in Europe. Applicants can invest as little as 50,000 to 300,000 EUR according to the type of investment they choose.

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Tax Benefits

Latvia’s unique corporate tax system taxes only distributed profits, allowing businesses to reinvest earnings without immediate tax implications. Latvia has numerous treaties to prevent double taxation, beneficial for international investors.