{"id":23376,"date":"2021-11-30T16:56:23","date_gmt":"2021-11-30T09:56:23","guid":{"rendered":"https:\/\/porticoandbridge.com\/?p=23376"},"modified":"2022-01-28T17:07:12","modified_gmt":"2022-01-28T10:07:12","slug":"should-you-reside-in-latvia-answered-by-experts","status":"publish","type":"post","link":"https:\/\/porticoandbridge.com\/en\/should-you-reside-in-latvia-answered-by-experts\/","title":{"rendered":"SHOULD YOU RESIDE IN LATVIA? \u2013 ANSWERED BY EXPERTS"},"content":{"rendered":"

Should you reside in Latvia? Does settling in Latvia offer you free-pass to the US? All you want to learn about settling in Latvia. <\/span><\/i>Europe has been witnessing a remarkable increase of applicants for its residence permit whereby its holders are eligible to move globally. European residement by investment programs is widely recognized as the most economical and beneficial program. Among these programs, Latvia\u2019s has been rising as a popular topic for residement investors. So should you invest in Lativa\u2019s residement by investment program? In this post, Portico & Bridge will present to you all that you need to learn about Latvia residement.\u00a0<\/span><\/i><\/p>\n

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ABOUT LATIVA \u2013 A GORGEOUS COUNTRY IN EUROPE\u00a0<\/b><\/h3>\n

Latvia also known as Republic of <\/span>Lativa<\/strong><\/span><\/span><\/a> is a Schengen state, a major economic area of Europe. Latvia has a wide spreading coastline and long strips of forest. The capital city of Lativa, Riga, is renowned for its wooden nouveau architecture and remarkable art. Riga was crowned European cultural capital in 2014.\u00a0<\/span><\/p>\n

SHOULD YOU RESIDE IN LATIVA?<\/b><\/h3>\n

Strategic position\u00a0<\/b><\/h4>\n

Lativa is located by the Baltic beach, between Litva and Estonia. This country is the gateway to trade among the US, Russia and Asia. Therefore, Latvia holds a crucial part for the entire EU\u2019s trading activities. In terms of natural features, Lativa is home to stunning landscapes lining up wide beach and extended strips of forest. The climate here is cool all year round with four distinct seasons. Generally speaking, Lativa has an advantageous position and a rather ideal climate to reside in and develop.\u00a0<\/span><\/p>\n

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Potential of business and investment\u00a0<\/b><\/h4>\n

Latvia is home to an economy with potential of growing fast. There was time when Latvia\u2019s growth reached the point of 11,9%, the highest figure in Europe (2006). Remarkably after Latvia joining EU, this country was ranked the 7<\/span>th<\/span> lowest Government debt in this union area. At the same time, Lativa took the top 25<\/span>th<\/span> place as the world\u2019s best place to do business in.\u00a0<\/span><\/p>\n

With such impressive achievements, it would be unsurprising that Latvia\u2019s residence by investment program is full of hype for Vietnamese investors since Latvia meets every primary purposes they long for: residence rights for the entire family, profitable investment, and tuition-free education.\u00a0<\/span><\/p>\n

The 10<\/b>th<\/b> most powerful passport<\/b><\/h4>\n

As featured in the Henley Passport Index \u2013 the world\u2019s most authoritative passport index, Latvia\u2019s passport is holding the 10<\/span>th<\/span> ranking. Once successfully obtaining this passport, investors are entitled to enjoy the free-pass to 183 countries including Schengen states, EU countries, etc. Therefore, it is worth investing in this passport whereby you can better improve your family and children\u2019s future.\u00a0<\/span><\/p>\n

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Visa-free to the US<\/b><\/h4>\n

Latvia passport is one of the 39 passports which are eligible for visa exemption to the US, as featured the US\u2019s Visa waiver program. Therefore, this passport holders can stay in the US within a period of 90 days without visa, which can be of great benefit for <\/span>investors<\/strong><\/span><\/span><\/a> on their short-business trip in the US.<\/span><\/p>\n

An education system that meets European standards<\/b><\/h4>\n

The Government invests greatly into its education system making sure students are able to enjoy the best learning environment, from kindergarten to higher education. Latvian citizens are provided with cutting edge technology and a curriculum that meets European standards. Latvia aims to focus on encouraging students to develop their practical experience and thinking right at their early ages. Therefore, education is a noticeable part of Latvia.\u00a0<\/span><\/p>\n

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Cost of living in Lativa<\/b><\/h4>\n

Latvia\u2019s per capital income is about \u20ac13.500 per year. Whereas, the people there only spend\u00a0<\/span>\u20ac3.000 – \u20ac4.000 on key necessity on a yearly basis. Broadly speaking, cost of living in Latvia is remarkably less expensive than those of other European countries. Latvia\u2019s residents are guaranteed to live fully and comfortably.\u00a0<\/span><\/p>\n

Modern healthcare system<\/b><\/h4>\n

The World Health Organization recognizes Latvia\u2019s healthcare service as meeting Europe standards. The public hospital system here is modernly equipped with high qualified medical staff. Hospital-goers will receive a considerable financial support if they have health insurance.\u00a0<\/span><\/p>\n

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LATVIA RESIDENCE BY INVESTMENT PROGRAM\u00a0<\/b><\/h3>\n

Lativa\u2019s residency by investment program is the easiest and fastest way to obtain the European passport. Therefore, for your question \u201cshould I reside in Malta\u201d, our experts would say yes. This is by far an excellent type of investment in the new era.\u00a0<\/span><\/p>\n

If you have decided to reside in Latvia, its residency by investment program can be of great help. This program is an attractive option for investors thanks to its quick processing time and transparent procedure. Latvia is also home to the most \u201ceconomical\u201d residence by investment program in Europe.\u00a0<\/span><\/p>\n

Investors can opt for one out these following four methods of investment:<\/span><\/p>\n