Well pretty small in size, the Latvia offers splendid opportunities for all foreign investors who are looking to obtain another citizenship or residence internationally. Still, a pretty hidden gem and a largely overlooked as an opportunity for investment, it is located in the Northern Europe that is bordered by Lithuania, Belarus, Sweden, and Russia. This nation is a member of a European Union alongside the United Nations which is ranked as a very high-income country via international ratings systems.
Steps To Get A Residency Via Investment
- The very first step in order to obtain Latvia’s citizenship is to get a temporary resident permits. Foreign investors can obtain these permits via investing in the Latvian credit institutions qualifying or via investing Latvian equity capital of an enterprise.
- The second step includes getting the Latvian nationality for the foreign investor in order to become the resident of the country permanently.
- Finally, when the foreign investor is done being the permanent Latvian resident for over five years, then the investor can go on to apply for Latvian citizenship by a legal process that is called naturalization. This application is much more complicated than both the permanent and temporary resident applications.
Following this process, you would get a Latvia Residency by investment.