Latvia presents an accessible entry point to Europe with its low-cost golden visa program at $54,000, providing five years of residency and visa-free Schengen access. The country boasts beautiful landscapes, including 500 km of beaches and a rich medieval history, particularly noticeable in its capital, Rīga. However, the average annual salary stands significantly lower than the EU average at about $14,630, raising questions about wealth distribution. Nonetheless, the overall cost of living is attractive when compared to many Western nations, making Latvia a viable option for expats and investors alike.
Latvia stands out as the most affordable option for investors seeking residency in Europe, offering a golden visa for just $54,000 with numerous benefits.
The average annual salary in Latvia is significantly below the European average, highlighting a disparity in wealth across the region and what it means to be 'wealthy' here.
Despite the low average salary, Latvia's cost of living remains more affordable compared to many Western countries, making it an attractive destination for both living and investing.
With rich cultural heritage and natural beauty, Latvia presents a unique combination of historical charm and modern accessibility, appealing to both tourists and potential residents.
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