Immigration to Latvia

By | November 7, 2020

Introducing the Republic of Latvia which can be described as a small, peaceful Baltic State with beautiful landscapes, located between Lithuania and Estonia, on the shore of the Baltic Sea. According to statistics, the population of Latvia is currently estimated at 1,92 million people (2018 census poll). The biggest ethnic groups are Latvian (62,2%) and Russian (~25,2%). The official language is Latvian, however, the majority of the population also speak Russian and English languages.
Latvian nominal GDP per capita is estimated to be around 18 458 USD. In the year 2008 the Latvian economy suffered an economic crisis, however, now it has fully recovered. On the 1st January 2014 Latvia entered the Eurozone, and Euro was be introduced as the new national currency instead of Lat. Latvia is also a member state of the European Union and Schengen area, which provides many benefits for its residents. If visiting Latvia for a short term of up to 90 days – a simple visa is required.
The population of Latvia dramatically decreased during the period from 2008 to 2010. During this period almost 200 000 people left Latvia in search of a better job or education. However, annually Latvia hosts several thousand immigrants. Immigration to Latvia is developing dramatically, with several thousand residence permits being requested every year. The Immigration Law of Latvia provides several options for those, who want to immigrate to Latvia. Many students are moving to Latvia in order to get a European education and discover new possibilities for living and travelling in Europe.

Please read the originial post here: http://www.immigration-residency.eu/immigration-to/latvia/