Looking for an Investment Option? Invest in Latvia and Get Citizenship in Return
Acquiring citizenship in some other country is not that difficult only if you are a wealthy person and open to investments. Citizenship by investment is of great value for wealthy individuals who can save themselves from the hassles of immigration and also provide an option to stay during an economic or political instability in their birth country. If you are looking for European citizenship, Latvia citizenship might help you in getting it.
Latvia is a European state on the coast of the Baltic Sea. Also, cost of living in Latvia is much less and reasonable as compared to other European states.
A citizenship in Latvia by making an investment can enable you to travel EU states without a visa. One can easily get a Latvian citizenship by investment through many different programs. One of the options is to invest in real estate or deposit a substantial sum of money in one of its banks. Latvia citizenship by investing in a business is another option for people interested in enjoying EU free travelling.
Latvian citizenship by investment in a real estate is one of the most popular and cheapest way to get a residence permit. A temporary residence permit is issued to non-EU investor for 5 years which enable them to move freely in and out of Latvia and also the 25 Schengen countries of Europe.
One of the options to obtain the Latvian citizenship by investment requires you to make a loan to a Bank or a credit institute for a period of 5 years that is the length of a residency permit. Till date, this option seems to be not so popular among investors. One reason can be that the Latvian Banks are becoming a victim of money laundering and not good at dealing with it. Even they offer a good pre agreed interest rate on your investment.
Last but not the least type of acquiring Latvian citizenship by investment in a business can also be achieved. A person can either be a board member of a business or the owner. However, in this case business taxes are applicable and a person is liable to pay them. Fortunately, corporate taxes in Latvia are much less as compare to other states.
These types of citizenship enable you to require a residence permit in Latvia. Some of the pros of having a permit include residing more than 90 days in Latvia. Also includes: one can invite relative for visa purpose, residence permit for spouse and children, free or discounted educational opportunities in theEU, driving license. In short it makes a person eligible for all rights of citizenship excluding the rights of participating or voting for government or state elections.
Looking at these facts, if one needs a relatively low cost of living and the perks of moving freely in the EU states (25 Schengen States), citizenship in Latvia is a good option for them. This not only enables you to have a secure second home but also a place for your family to spend some quality time. If one is looking to take their business to Europe, such an option is quite viable for them.
Latvia is a European state on the coast of the Baltic Sea. Also, cost of living in Latvia is much less and reasonable as compared to other European states.
A citizenship in Latvia by making an investment can enable you to travel EU states without a visa. One can easily get a Latvian citizenship by investment through many different programs. One of the options is to invest in real estate or deposit a substantial sum of money in one of its banks. Latvia citizenship by investing in a business is another option for people interested in enjoying EU free travelling.
Latvian citizenship by investment in a real estate is one of the most popular and cheapest way to get a residence permit. A temporary residence permit is issued to non-EU investor for 5 years which enable them to move freely in and out of Latvia and also the 25 Schengen countries of Europe.
One of the options to obtain the Latvian citizenship by investment requires you to make a loan to a Bank or a credit institute for a period of 5 years that is the length of a residency permit. Till date, this option seems to be not so popular among investors. One reason can be that the Latvian Banks are becoming a victim of money laundering and not good at dealing with it. Even they offer a good pre agreed interest rate on your investment.
Last but not the least type of acquiring Latvian citizenship by investment in a business can also be achieved. A person can either be a board member of a business or the owner. However, in this case business taxes are applicable and a person is liable to pay them. Fortunately, corporate taxes in Latvia are much less as compare to other states.
These types of citizenship enable you to require a residence permit in Latvia. Some of the pros of having a permit include residing more than 90 days in Latvia. Also includes: one can invite relative for visa purpose, residence permit for spouse and children, free or discounted educational opportunities in theEU, driving license. In short it makes a person eligible for all rights of citizenship excluding the rights of participating or voting for government or state elections.
Looking at these facts, if one needs a relatively low cost of living and the perks of moving freely in the EU states (25 Schengen States), citizenship in Latvia is a good option for them. This not only enables you to have a secure second home but also a place for your family to spend some quality time. If one is looking to take their business to Europe, such an option is quite viable for them.
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