Travel options. Latvian residents are liable for personal income tax (PIT) on their worldwide income. With your residence permit in Latvia, you may stay in Latvia for as long as your permit is valid. Residency and Citizenship by Investment Latvia introduced its investors’ residence scheme in 2010 (the first European country to do so) as a means to attract foreign direct investment and stimulate the real estate market after the financial crisis of 2008. Saint Kitts & Nevis. After 10 years of legally residing in the country, you will be eligible for citizenship. Over 100 countries in the world have some form of investment migration legislation in place. The reasons given were the risk of spying and risk to economic security (as many of the applicants could not prove the origin and the legality of their money). The Latvian passport gives the right to travel and reside freely in the Schengen Area, Switzerland etc. Portugal; St Lucia; Spain; Monaco; UK; Ireland; Antigua Barbuda; St Kitts Once you obtain permanent residence in Latvia, you have the right to live and work there for life. Corporations are taxed at a rate of 15%. Plus, the entire process takes two to three months, so you could be traveling freely in Europe in pretty much no time. Compare investment programs. Union citizenship by investment. Latvia runs the immigration visa program, one of several cheapest services for commuting to Europe, including family since around 2010. We initially struggled arranging documents and paperwork, but the company was assisting us in every step. Latvia provides the cheapest investment option to immigrate to Europe. Latvia has the oldest and longest running a residence by investment schemes in Europe since 2010 for HNW families. Investment income, capital gains, and business profits are subject to the Global Complementary Tax, which is also progressive up to 35%. The Latvia Residence-by-Investment Program is one of the fastest and most competitive programs in Europe. Compare all available citizenship by investment programs worldwide. We specialize in obtaining residence permit through investment (commonly known as Golden Visa) for foreign nationals. Our platform is free to use and we do not charge any fee to clients. The country now offers the Latvian Citizenship by Investment. – Adewale, Nigeria, How to get Ireland Permanent Residency for €400K, St Kitts is the Rolls Royce of Citizenship by Investment. The consequence is a further increase in Latvia’s economy, foreign investor trust, and FDI influx. Why Latvia? Citizenship-by-Investment programs offer you the opportunity to legally acquire a new citizenship quickly and simply, without any disruptions to your life. The right to travel and reside freely in the Schengen Area, Switzerland etc. After half-decade, but they will have to remain in the state almost all of the period, applicants may apply for legal residence. Wholly incorporated into the local language and culture; however, Latvia does not even have immediate citizen status by investment program. Since 2010, Latvia has been issuing residence permits to foreign nationals in exchange for investment in the country's economy. The impact of the Latvian golden visa scheme ‘on the real property market of Latvia was significant. The NATO, Union, United Nations, Council of Europe, CBSS, the International Monetary Fund ( IMF), NIB8, OCCE, OECD, and World Trade Organization are Latvia currently members. The Grenada investment visa programme provides second citizenship in Grenada and a passport to investors offering visa-free travel to over 143 countries including the UK, EU Schengen countries and China. Renewable each year. 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