Latvia is a practical and business-oriented destination for obtaining a residence permit in Europe, offering some of the lowest investment thresholds on the continent. The most accessible route is an investment from €50,000 into the share capital of a Latvian company with an annual turnover of up to €10 million and a workforce of up to 50 employees, allowing investors to become full participants in the European business community. Alternatively, traditional options such as purchasing real estate in Riga, Jurmala, or other major cities also remain a popular way to obtain legal residency. Latvia's banking system has become one of the most transparent and stable in the region following major financial sector reforms.
Nature is one of Latvia's greatest treasures: more than half of the country is covered by forests, with around 12,000 rivers and over 2,000 lakes, while the long sandy coastline of the Baltic Sea offers picturesque beaches and dunes. The temperate climate features mild winters and cool summers, creating comfortable living conditions year-round. National parks such as Gauja and Ķemeri offer excellent opportunities for ecotourism and outdoor activities, while Jurmala, known for its therapeutic mud and unique microclimate, is a popular wellness resort.
At the same time, the program's practicality does not compromise the quality of life or business opportunities. A Latvian residence permit grants access to local healthcare and education for the entire family. As a member of the European Union, the country serves not only as a place to live but as a strategic springboard for entering the broader European market. The absence of a minimum stay requirement makes this option particularly convenient for those who wish to maintain mobility while having a reliable EU base for business and personal financial management.
Tax residency in Latvia is established if you stay in the country for 183 days or more during any 12‑month period.
Personal income tax rates for 2026:
Double taxation. If you have already paid tax abroad, Latvia generally provides a foreign tax credit or an exemption, provided this is covered by a double taxation agreement. Latvia has such agreements in place with dozens of countries.
When relocating, it is important to keep in mind that having worldwide income does not in itself mean you will be taxed twice. Much depends on the country where the income originates, the terms of the relevant tax treaty, and the type of income — salary, dividends, interest, capital gains, business income, etc.
Exclusive real estate services
Company registration/incorporation (local and offshore companies)
ID renewal (through the consulate or through the country)
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Portugal has approved a major citizenship law reform, significantly tightening the rules. Key changes include increased residency requirements (up to 10 years), mandatory language and culture tests, and stricter rules for children born to foreign parents.
A new draft law in Romania proposes a Residency by Investment program, granting non-EU citizens a renewable 5-year residence permit. The program requires a €400,000 minimum investment in bonds, real estate, funds, or shares.
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