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In
this article we want to show you why Republic of Latvia is one of the
best counties in Europe for immigration process.
Immigration laws
of European Union are getting same for all its members (The 25 Schengen
countries are: Austria, Belgium, Czech, Denmark, Estonia, Finland,
France, Germany, Greece, Hungary, Iceland, Italy, Latvia,
Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal,
Slovakia, Slovenia, Spain, Sweden and Switzerland. With Latvian
residence permit you can live and work in any of these countries-
members of European Union). Each country have its own specific character
of immigration laws
but its main features that allow its citizens and holders of residence
permit to live and work legally in Europe are maintained in all European
countries. United Kingdom and Ireland are not included in Schengen zone.
There is a certain period after
which a person can get permanent residence permit in all European
countries after official immigration. This period may not exceed 5 years
after official immigration of foreign citizen.
We think that Latvia is one of
the most attractive countries from the immigration point of view and
simplicity of preparing documents needed for immigration. If you want to
live and work abroad, Latvia is the best for you: Immigration to Latvia
is really simple – you don’t need to satisfy strict age requirements,
have higher education, know Latvian language or wait for several years
without knowing result.
If we talk about simplicity of
immigration process you should understand that it is a bit simpler to
get residence permit and to satisfy all immigration laws in Latvia in
comparison with other countries, but anyway it is not an easy thing to
do.
Advantages of
immigration to Republic of Latvia in comparison with other European
countries:
1. Tax weight
Total tax weight in Latvia which forms from all the
taxes including Social insurance tax is just 30,5% from GDP. It is one
the lowest index via 27 EU countries. Average tax weight in Europe is
39,8% from GDP. The highest tax weight are in Denmark - 48,7%, Sweden -
48,3%, Belgium - 44%, France and Italy - 43,3% from GDP.
Value added tax (VAT)
Most of goods and services are taxed with 21% but
there are exceptions and some specific goods and services are taxed with
10% VAT.
Personal income tax
Personal income tax is 23% from private incomes.
Corporate income tax
Corporate income tax to companies is 15%.
2. Latvia is a
member of European Union and part of Schengen zone
Latvia became a member of European Union in 2004 and
from 21st of December 2007 Latvia is part of Schengen zone.
It means that after your immigration to Latvia
you will get Schengen visa and can go to any European country without
additional visa.
3. Very highly
developed bank infrastructure
There are more than 20 banks what operates in
territory of Latvia. Mostly they are controlled by Sweden, Norway,
Germany and Denmark. They make financial
system of the country stable and allow keeping money on the accounts
without being scared about it.
4. Geographical position.
Latvia, officially Republic of Latvia is one of the three Baltic States
in Northern Europe in the Baltic region. It is bordered to the north by
the Baltic state Estonia, to the south by the Baltic state Lithuania,
and to the east both by Belarus and the Russian Federation. Across the
Baltic Sea to the west lies Sweden.
If You need
legal services or accounting services, please contact us
Tel. (371) 29 112 333
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