Latvia
How Latvia performs
Tax
On the high side. Taxes here are heavier than in most countries we cover (92nd of 123). Worth taking tax advice before you move. Personal income tax 25.5% or 33%, corporate tax 25%, VAT 21%.
Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)
Safety
Very safe. Latvia is one of the most peaceful and stable countries in the index, 17th of 117.
Source: Institute for Economics and Peace, Global Peace Index
Cost of Living
Fairly expensive. Everyday life costs more here than in most countries we cover (84th of 118). Budget for it.
Source: Numbeo Cost of Living Index
Education
Good education. Education here is stronger than in most countries we cover: Latvia is 33rd of 120.
Source: UNDP & MBRF, Global Knowledge Index
Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.
The detail behind the scores
Taxation
| Corporate income tax | 25% |
|---|---|
| Personal income tax | 25.5% or 33% Higher tax rate applicable to income over 105,300 EUR |
| Standard VAT | 21% |
Rates change without notice. Confirm with the relevant tax authority before acting.
Naturalization Requirements and Immigration Pathway
- Residence for naturalization
- 5 years
- Language requirement
- YesProficiency in Latvian language
- Investment Immigration Pathway
- Latvia Golden Visa
- Official language
- Latvian
- Dual citizenship
- Allows with conditions
North Macedonia
Bulgaria
Romania
Bosnia and Herzegovina