24 UGLOBAL IMMIGRATION MAGAZINE
LATVIA ’ S RBI PROGRAM : AN EMERGING AFFORDABLE ALTERNATIVE TO THE PORTUGUESE GOLDEN VISA
BY PHILIPPE MAY
This Baltic country ’ s program provides HNWI affordable investment options for residency , work privileges , and unrestricted travel within the Schengen Area .
Latvia ' s Residency by Investment ( RBI ) program is an affordable alternative and could become a new popular option to the renowned Portuguese golden visa .
The visa program has significantly made this small Baltic country a favored destination for High-Net-Worth Individuals ( HNWI ) worldwide seeking to integrate a European Union ( EU ) residency as a Plan B .
Located in the Baltic region of Northern Europe , Latvia is a young EU member and a good example of the transformative power of European integration . The nation ' s strategic decision to become part of the EU and the Schengen Area has positioned it as a center for economic and cultural exchange .
Leveraging its unique geographical location as a bridge connecting the East and the West , Latvia is effectively