Europe · Baltics

Latvia

The last cheap real-estate golden visa in the EU — and it is being legislated out of existence right now, with the repeal law passed and awaiting a second vote in autumn 2026.

Last verified July 2026182 visa-free destinations

Tax position

Income tax (top): 33% above EUR 105,300 (25.5% below), plus a 3% surcharge on income above EUR 200,000 — effective top rate 36%
Capital gains: 25.5% (the old 20% rate was abolished from 1 January 2025; a transitional 20% applies only to disposals initiated before 31 December 2024)
Wealth tax: none
Inheritance tax: none; gifts exempt between spouses and relatives to the third degree
Special regime: Corporate: 0% tax on retained and reinvested earnings, 20% only on distribution — Latvia's genuine structural advantage. No special personal regime for investors.
Territorial: No — worldwide income taxed
CFC rules: Yes
Exit tax: No
CRS: Participating