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Latvia: Country and Foreign Investment

Entry and Residence

Latvia is part of the EU's Schengen Area, meaning that there is visa-free movement within Schengen of nationals of all those EU Member States belonging to the area. Moreover, citizens of EU Member States and of a number of non-EU countries (including the USA, Australia, New Zealand, Canada, and Japan) do not require a visa for visits of up to 90 days within a six-month period from the day of arrival.

Foreigners must obtain a residence permit if they wish to remain in the country for more than 90 days within a six-month period from the day of arrival in Latvia.

For tax purposes, residency applies to anyone whose permanent place of residence is in Latvia, or who spends more than 183 days in Latvia during a year.

 

 

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