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This Golden Visa is Canceled

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First published at 14:08 UTC on April 6th, 2022.

Nomad_Capitalist

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Latvia’s economy suffered a major blow during the economic crisis of 2008. It was one of the worst-hit countries in the world.

So it launched a residence by investment (RBI) program to attract foreign investment and help get its economy back on its feet, sooner rather than later.

For €250,000 (+5% state fees), it has been successful in getting many non-EEA nationals to sign up. And it turns out that Latvia is not a bad place to invest after all – its economy has experienced rapid growth.

Recently The prime minister indicated that the coalition has agreed to end this 'golden visa'. Kariņš said that the Ministry of the Interior is drafting necessary legislative amendments.

In this video, Andrew shares this news with you and explains why you need to hurry up.

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