Golden Opportunities: Latvia and Portugal's Residency Programs for Entrepreneurs and Investors
Latvia and Portugal are pioneering more accessible pathways for entrepreneurs and smaller-scale investors to obtain EU residency, with investments starting as low as €50,000.
Golden VisasLatviaPortugalResidency ProgramsInvestorsEntrepreneursEu ResidencyImmigrationReal EstateJun 23, 2024
Latvia’s Investor Residency Program represents a paradigm shift in the realm of investment migration. With an entry point of just €50,000, it stands as one of the most affordable routes to EU residency. This program is specifically tailored to attract entrepreneurs and startups, aligning with Latvia’s vision of becoming a hub for innovation in the Baltic region. The program requires a minimum investment of €50,000 in the share capital of Latvian companies, a one-time payment of €10,000 to the Latvian government, and a viable business plan. The permit grants rights to work, reside, and travel freely within the Schengen Area, and extends to family members, including spouses and dependent children.
Portugal’s D2 Visa offers a compelling alternative for those seeking EU residency through business investment and entrepreneurship. While there’s no fixed minimum investment, investments typically start around €250,000. Applicants must present a viable business plan for a new or existing Portuguese company, demonstrating potential for job creation in Portugal. The D2 Visa provides a path to permanent residency and citizenship after 5 years, and Portugal’s Non-Habitual Resident (NHR) tax regime offers significant tax advantages for new residents.
The emergence of affordable Golden Visa alternatives in countries like Latvia and Portugal marks a significant evolution in the realm of investment migration. These programs are democratising access to EU residency, opening doors for entrepreneurs and smaller-scale investors who were previously priced out of traditional Golden Visa schemes. With investments starting as low as €50,000, these new pathways are fostering innovation, job creation, and economic diversification across Europe.
Frequently Asked Questions
What is the minimum investment required for Latvia’s Investor Residency Program?
The minimum investment required for Latvia’s Investor Residency Program is €50,000 in the share capital of Latvian companies.
What is the duration of the initial permit for Latvia’s Investor Residency Program?
The initial permit is valid for 5 years, with the possibility of renewal.
What is the typical investment amount for Portugal’s D2 Visa?
While there’s no fixed minimum, investments typically start around €250,000.
What are the tax benefits of Portugal’s Non-Habitual Resident (NHR) tax regime?
Portugal’s NHR tax regime offers significant tax advantages for new residents.
What is the predicted growth of the global market for investment migration by 2025?
Experts predict that the global market for investment migration will grow to $100 billion by 2025.
Related News Articles
Hong Kong Home Prices Plummet 1.9% in July 2024: A Growing Concern for the Property Market
Hong Kong's private home prices fell for the third consecutive month, with a 1.9% decline in July, as potential buyers wait for more rate cut signals.
Pune News: MahaRERA Conciliation Forums Resolve Over 1000 Homebuyer Complaints
09:20 am. maharera, conciliation forum, homebuyer complaints, pune news. The Maharashtra Real Estate Regulatory Authority has successfully resolved over 1000 homebuyer complaints through its conciliation forums.
ICRA Projects Doubling of India’s Data Centre Capacity by FY2027
According to a recent forecast by ICRA, India's data centre capacity is expected to double by the financial year 2027, driven by robust demand from various sectors.
Evoq Realtech Partners with Hrithik Roshan as Brand Ambassador
Evoq Realtech, a prominent real estate developer based in Mohali, is delighted to announce its partnership with Indian superstar Hrithik Roshan. This strategic alliance aims to enhance the brand's presence and credibility in the market.
NTPC Green Energy IPO Allotment Today: Latest GMP, Steps to Check Status Online, and More
Applicants of the NTPC Green Energy IPO are eagerly awaiting the share allotment announcement, expected today, November 25, 2024. The IPO received strong investor interest and is set to debut on the stock market on Wednesday, November 27, 2024.
Maharashtra Government Removes Ajay Ashar from MITRA, Reducing Shinde's Influence
The Maharashtra government has made a significant move by removing Ajay Ashar from the Maharashtra Information Technology, Research, and Innovation Agency (MITRA), a step seen as a reduction in Eknath Shinde's influence over the real estate sector.