Tag: Ciudadanía lituana

How Having Latvian Passport Benefits Your Business

How Having Latvian Passport Benefits Your Business

You’re an ambitious entrepreneur with your sights set on international business. You’re also thinking it might be possible for you to get Latvian citizenship. But do you know yet how these two variables intersect?
Though it might not be the first thing that comes to mind when restoring Latvian citizenship, business advantages are a tangible benefit here.
If you’re a business-minded person, you probably tend to always create a Plan B (or C, D, E…) just in case things go awry and you need to act fast to save the day. It’s also a known fact that having clear, solid options before you do need them is the best course of action.
But let’s start at the beginning.
Who can restore Latvian citizenship
Latvian citizenship restoration is guided by one simple rule. To be eligible, you have to be a descendant of a Latvian citizen who left the country in the period of occupation (circa 1940-1990)— and you need to be able to prove it with documents.
Restoring citizenship has many personal benefits, including relocation rights to any country in the EU (as Latvia is a member state) as well as accessible healthcare and education.
But that’s not everything— getting your Latvian citizenship restored has many tangible advantages that can help you expand your existing business or set in motion your long-held plans for a new and exciting project.
7 Benefits of having a Latvian passport for your business
Let’s delve into the nitty-gritty: how exactly does restoring Latvian citizenship benefit your international business prospects? and Education Benefits of Latvian Dual Citizenship
1. Easy travel and relocation
The Latvian economy is stable and growing, the average income is high, and the country comes in 39th in the Human Development Index— quite the feat. But because Latvia is a member state of the European Union, you aren’t confined to keep the business within its borders. Instead, you can take your project to any state of the EU (of course, you’ll have to check each country’s specific guidelines first) and enjoy easy movement across European borders.
And there’s more— holding a Latvian passport means you can access over 150 countries visa-free or with a simple visa-on-arrival. Latvia’s passport is ranked 12th in the world in 2020. This saves money, time, and gives your business the freedom it needs to thrive.
2. Better business image
As a business person, the benefits of being an EU citizen extend to projecting a more cosmopolitan, professional image. Unfortunately, bias does exist in the business world. If you are eligible for Latvian citizenship, you have the chance to even out the playing field and access better opportunities in certain situations.
3. Potential more lenient business taxation
If your home country is notorious for taxing businesses big time, setting up your company might not seem very attractive. Especially if you aspire to run your business internationally.
Conversely, some countries in Europe are known for establishing a lower-taxation environment that works to stimulate investment and development. Hungary, for example, has a 9% corporate tax policy. Ireland and Lithuania – 12.5% and 15% respectively. In the Netherlands, an innovation policy means that if a self-developed patent generates at least 30% of the profits, you’re taxed at a rate of 7%.
Setting up base in one of these countries gives you a better financial outcome while still operating internationally. Do the math— it’ll come out in your favor.
4. Potential better personal taxes
Similarly, some European countries are considered personal tax havens. Take Andorra: with a 10% tax on residents and companies and no tax on transfers or investment income, relocation to this microstate can do wonders for your finances. Even though Andorra is not a member of the EU, Latvian passport holder can live there as any EU citizen.
5. Easier to open an EU company
With Latvian citizenship, you’ll find it is a lot easier to open a company in the EU than it would be for someone who is not a citizen. If you don’t hold an EU passport, starting your business in the region includes tedious visa processes, lots of red tape, and often prohibitive capital requirements. But if you are a Latvian citizen, you’re part of the EU. You have the right to start your business like any other citizen, no questions asked.
6. Financial safety
European banks are safe: opening an account for yourself or your company is always a good move. Keeping your savings (or part of your savings— diversification!) in an EU or EFTA bank can improve your long-term stability.
But for non-residents, there are complications. AML (anti-money-laundering) regulations implemented throughout the EU impose stricter conditions on what you can do— and how much paperwork you’re required to fill. For Latvian passport holders, these regulations are a lot more lenient and you can easily open an account.
7. The best plan B
You never know when you’ll be forced to take an unforeseen path. Anything from natural catastrophe to a pandemic or political struggles can bring down your country’s economic potential. Venezuela and South Africa are prime examples of this.
The problem — when things go wrong, everyone starts looking for options at the same time. Many people want to relocate when trouble has already started, but by then it’s too late and all viable routes are flooded.
Restoring Latvian citizenship before you need to emigrate is the wisest way to ensure a solid Plan B for yourself and your business and what are the Education Benefits of Latvian Dual Citizenship
Is getting Latvian citizenship worth it?
In short— yes. Having Latvian passport gives you options and solidifies the future of your business and finances. Our advice: if you’re eligible for restoration of Latvian citizenship, start the process today.
If you have Latvian descent and plan on restoring Latvian citizenship, we can help you get there. Write to us via email at info@latviancitizenship.eu . We will guide you through the steps of document acquisition, application preparation and translation. We will walk with you until your citizenship is granted. Email us today so we can assess your eligibility and options for restoring Latvian citizenship and obtaining Latvian passport.
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The Benefits of Latvian Dual Citizenship

The Benefits of Latvian Dual Citizenship

If you are a resident of the USA, Australia, Canada or any other country of the world and you are of Latvian descent, you have a chance to live, work or study in Europe by acquiring Latvian dual citizenship by descent. This gives you and your family several benefits apart from restoring your ancestral citizenship.
Here are just some of them:
1. Right to live in the EU and EFTA countries
Latvia has been part of the EU for over a decade. Having Latvian dual citizenship gets you access to live in all countries in the following countries of the European Union and EFTA (Iceland, Liechtenstein, Norway and Switzerland).
2. Right to work in the EU and EFTA countries
With a dual Latvian passport, you can work freely in all EU member states, not only in Latvia. Maybe this will open a window of opportunity for you to get the job that you have been dreaming of.
3. Possibility to get high-quality education in Europe
When deciding to move to Europe — one of the benefits that many people take into account is that their children can take advantage of the European education system. Latvian citizenship allows your family to benefit from a world-class educational system of EU and EFTA countries.
Medical studies, for example, are free in most EU countries. Each country of the European Union has its approach to setting fees for its students. Your children should look around Europe to see which option suits them best, since all students of EU countries are treated equally and pay the same fees (or, rather, often, do not have to pay them).
4. Avoiding Strict Visa Requirements
With dual citizenship, you are protected by two governments. You can appeal to one or both governments’ embassies if any problem occurs when you travel. With Latvian passport, you will be able to travel without a visa to almost all European countries, USA, Canada, most of South America as well as Japan, Korea, Australia, New Zealand, and several Asian and African countries.
In case Latvia does not have an embassy in a country where you travel, you would be able to get help from an embassy of any other EU country, since EU countries have a legal agreement to help each other’s citizens, in case an embassy of their own country is absent (consular protection).
5. EU healthcare system
If you are a citizen of Latvia, you have access to world-class healthcare systems of a number of the EU countries free of charge or at highly subsidized rates.
With Latvian citizenship, therefore EU citizenship, when visiting any EU country for short periods you can receive basic and emergency care with a European Health Insurance Card. It means that with a Latvian dual passport if you unexpectedly have health problems during your stay in another state of the EU or Switzerland — whether on holiday, a business trip or while studying — you will be entitled to any medical care that can not wait until you get home. You have the same right to health care as citizens of the EU country you are in.
6. Latvian and EU citizenship for your children
If you have Latvian citizenship, your children can get Latvian citizenship automatically or get the rights of EU citizens and would also be able to keep other citizenship, if they acquire them by birth. By obtaining Latvian citizenship you are getting citizenship not only for yourself but also for your children, grandchildren and great-grandchildren. This is a great opportunity for your family and future generations.
7. Residence permit in EU for your spouse
When restoring your Latvian citizenship your family gets several benefits and one of the main benefits is the right to live and work for your spouse in most of the EU countries. After living in the EU for some time, your spouse will be able to get a permanent residence and, eventually, citizenship.
8. Run a business in the EU
With Latvian citizenship, it will be much easier to start a business in any EU country on the same basis as EU citizens. EU citizenship will also help if you plan to establish a branch of your current business in Europe.
9. Boost your career by having EU citizenship
It is not a secret that Latvian citizenship gives you lots of opportunities to boost your career.
Try to consider the possibility to boost your career, to grow professionally, overcome challenges and gain new experience with EU citizenship. Building your career in EU countries might be a great option for you. Latvian citizenship allows you to live and work in the countries of the European Union without a need for residence and work permits, as European citizens can live anywhere in the EU and EEA countries (i.e. Norway, Switzerland, and Iceland).
10. Beautiful Country with traditions and customs
Latvia has many wonderful places to live, travel and raise your family. Most of Latvia is an undiscovered wonderland of medieval castles, pristine forests, and centuries-old buildings in all sorts of styles. Latvia is truly a wonderful place to live and enjoy life.
We at De Civitate offer a wide array of services that help applicants with Latvian heritage obtain citizenship of Latvia. We assist our clients with application, follow-up, search in Latvian archives, translations and any other tasks needed to restore Latvian citizenship.
You can contact us at info@latviancitizenship.eu for more information.
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Why You Should Move to Latvia Right Now

Why You Should Move to Latvia Right Now

If you are an avid traveler, Latvia is one of the places you should add to your bucket list. Over the last few years, its old towns, historic churches, and picturesque views have been flocked by tourists from all over the globe.
However, people don’t go to Latvia just for travel. Some people with Latvian descent re-establish their citizenship and get a Latvian dual passport for more serious reasons.
Here are some of them:
  1. Latvia’s GDP is fast-growing. It has seen a major improvement over the past decade; From 24 billion to 35 billion US dollars in 10 years. In 2019 alone, Latvia’s GDP grew by 6%. By purchasing power parity Latvia already overtook Greece and in a few years’ time might overtake Portugal.
  2. Latvia is a great place to start a business. Latvia ranks at the top 10% on the Ease of doing business index; a report generated by leading economists from the World Bank Group. Businesses also benefit from Latvia’s corporate income tax by postponing tax payments, enabling them to reinvest money and expand their operations.
  3. Latvia is one of the safest places to live in the EU. It has a low rate of violent crime, scoring 61.73 on Numbeo’s safety index; ranking at the top 40% among all EU countries. For businesses, the safety and wellbeing of their employees are essential, so this is one of the most important reasons why entrepreneurs consider Latvia as the location of their startup or business expansion.
  4. Employment in the country is increasing. Latvia’s employment rate has tremendously grown since the last few decades. From 19.48% 10 years ago, Latvia’s unemployment rate has been reduced to 8.42% in 2019, helping improve EU’s average to 7.9%. With this, the poverty rate in the country decreased by 5% in the same period.
  5. Latvia has a high rate of school enrollment because of its compulsory education system. The literacy rate of Latvian citizens aged 15 and above exceeds 99 percent, which is on-par with other EU countries. In terms of technology, schools are well-adapted too, having connectivity in most of the country’s educational institutions and adapting EU educational standards.
  6. Latvia is a great base for exploring Europe and beyond. Riga is a regional aviation hub with flights to many destinations in Europe and beyond. You can directly fly to about 100 destinations from Riga. Major flag carriers and European low-cost carriers competing with local carrier AirBaltic offer a variety of options for traveling.
  7. Latvia prides itself as a country with gender equality and an overall good quality of life. It ranks 41 on the GII (Gender Inequality Index). Women get the same privileges as men on employment and education. Life expectancy and standards of living have also increased over the past decade.

Overall, these facts about living conditions in Latvia demonstrate that the country has improved significantly in various areas since the 1990s. Although Latvia still has some way to go to reach the economic prosperity of the richest Western European countries, it is fast catching up and taken into consideration safety, lack of congestion, and good state of its environment many people find it a comfortable and stress-free place to live in.
If you are a Latvian descendant and would like to acquire a Latvian Dual Passport, you may reach out to us at info@latviancitizenship.eu. We offer assistance from document acquisition, application preparation, translation services, and more.

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