Move freely within the European Union and enjoy amazing career opportunities by migrating to Latvia. Get the best Latvian immigration services with SxopeHit today.
Latvia is a country that provides you with multiple routes to individuals who seek residence which makes it a profitable destination for business owners and investors along with their families.
With Latvia being a Schengen Area country, you get the advantage of freely moving to other European countries once you have the Latvian residence permit.
For entrepreneurs and investors, Latvia is an ideal place to grow a business. The government encourages foreign investment through favorable tax policies, including low corporate tax rates and incentives for start-ups. The country also offers a variety of residency programs for investors, which allows them to not only establish businesses but also to live and work in the EU.
Additionally, as a member of the Schengen Area, Latvia allows residents to travel freely to other European Union countries, adding to its appeal as a destination for international business and leisure. The cost of living in Latvia is relatively low compared to other Western European countries, making it an economically attractive option for expats and investors alike.
Investing in a Latvian company is a viable approach to obtain a residence permit. Investing around €50,000 in the authorized capital of a Latvian company helps you cover the costs linked with maintaining your residence permit that covers tax contributions and administrative costs.
In addition, you need to give a one-time contribution of €10,000 to the state treasury. A maximum of 10 investors can join hands in one company.
Total Cost:
Investor’s 5-year residence permit: €70,000
Family members (spouse and minor children): Up to €1,000 per person
You can also obtain Latvian residence by establishing a Latvian company, and positioning yourself as its board member and director. You would need to register labor relations so you can carry out the roles of the company’s director. This is a good option for you if you aspire to actively run a business in Latvia.
Total Cost:
Investor’s 5-year residence permit: €70,000
Family members (spouse and minor children): Up to €1,000 per person
Real estate investment also provides a route to attain Latvian residency. To exercise this option, you need to acquire a real estate property with a minimum value of €250,000 (plus a 5% state tax) to qualify for a temporary residence permit valid for 5 years. It is a stable pathway to get residence in Latvia, and has worked well for many people.
Total Cost:
Investor’s 5-year residence permit: €250,000
Family members (spouse and minor children): Up to €1,000 per person
Latvia is a beautiful country with a very welcoming environment laced with opportunities for investors, business owners and families alike.
Moreover, it offers many attractive and sustainable immigration pathways making it easier for you to settle in the country. Once you migrate to Latvia, you can move across the European Union with great ease.
Whether you want to start your own business, invest in an existing venture, or purchase real estate, you get multiple opportunities to work, live and travel within the Eu with Latvian immigration.
Begin your Latvian immigration journey today. Contact us to get custom plans according to your goals, needs and budget.
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