GetStake Logo
GetStake allows you to invest in fractional real estate in Dubai's premium properties, with investments starting from just $500.

Own shares in Dubai properties.

Affiliate disclosure

Daugavpils, Latvia 🇱🇻
#901 ,

Nomad Score: 58%

Essentials

🏙️ City Daugavpils is the second-largest city in Latvia, located in the southeastern part of the country, known for its rich history and cultural heritage.
👥 Population Approximately 80,000 residents.
💻 Internet Speed Average internet speed is around 50 Mbps.
💸 Currency & Banking Currency is Euro (EUR). 1 EUR ≈ 1.07 USD.
🚰 Tap Water Drinkable; tap water meets health standards.
🔌 Power 230V, 50Hz, 🔌 Type C/E sockets.
📶 SIM Card Major providers include LMT, Tele2, and Bite with good coverage.
💳 Banking for Expats Banks commonly used by expats are Swedbank, SEB, and Citadele.
🛌 Accommodation Options include local housing, Airbnb, and rental listings on ss.lv.
💳 Cashless Friendly Yes, cards accepted widely, especially in urban areas.
🏠 Short Term Rentals Available through platforms like Airbnb and Booking.com.
🛏️ Budget Accommodation Hostel 'Viktorija' offers budget-friendly dorms starting around €15/night.
🏙️ Best Area to Stay for Tourists The city center offers proximity to attractions and dining.
🏙️ Best Area to Stay for Digital Nomads The area around Daugavpils University is popular for long-term stays and coworking.

Working and Networking

🏢 Best Coworking Space 'Daugavpils Coworking' offers a friendly environment and good facilities.
Best Cafe for Work 'Cafe Abu' provides a cozy atmosphere and good coffee for working.
💼 Networking Events Regular meetups are held by the 'Daugavpils Entrepreneurship Center'.
🥂 Social Events for Expats The 'Expatriates in Latvia' Facebook group often organizes gatherings in Daugavpils.

Transportation

🚕 Best Taxi/Ride App Bolt is available in Daugavpils and is user-friendly.
🚲 Bike/Scooter Rental Available through local services; check local shops for rentals.
🏖️ Best Beach Nearby Lake Daugava offers scenic lakeside spots, around 20 mins drive.
✈️ Top Regional Airline Air Baltic operates regional routes.
✈️ Top International Airline Air Baltic and Ryanair connect to major cities.
🛣️ Highway Access main access via the A13 highway, connecting to major cities.
🚉 Main Train/Transit Hub Daugavpils Railway Station is the key transit hub.
🚍 Public Transport Passes Monthly bus passes are available for €30.
✈️ Regional Travel Buses and trains connect Daugavpils to other cities; frequent services available.

Health and Wellness

🏥 Best Hospital Daugavpils Central Hospital offers comprehensive medical services.
🧘 Yoga & Wellness Centers 'Yoga House' provides various yoga classes and wellness programs.
🏋️ Gyms & Fitness Centers 'Ghetto Games Sports Center' offers gym facilities and sports classes.
🧺 Laundry Services 'Self-Service Laundry' provides easy access to laundry facilities.

Food and Drink

📱 Best Food Delivery App 'Wolt' and 'Bolt Food' are popular for food delivery.
🍽️ Best Local Dish to Try Bļinči (Latvian pancakes) is a must-try local dish.
🍱 Vegan/Vegetarian Options 'Green Kitchen' offers a variety of plant-based meals.
🍫 Best Dessert Spots 'Kafija Mīlestībai' specializes in Lithuanian pastries and desserts.
🛒 Affordable Shopping Spots 'Daugavpils Marketplace' offers fresh local produce and goods.
🛒 E-commerce/Online Store Local e-commerce platforms like 220.lv provide a range of products.
🛒 Grocery Delivery 'Rimi' offers delivery services via their app.
🍸 Bar/Nightlife Area 'Strops' bar is popular among locals for nightlife.
🍻 Local Brewery 'Daugavpils Alus' brewery offers tours and tastings.
🍷 Wine Bars 'Vīna Darbnīca' offers a nice selection of wines.
🍲 Street Food Stalls The street markets often feature stalls with local snacks.
🍕 Popular International Cuisine 'Pica Lulū' offers excellent pizzas with various toppings.

Culture and Attractions

🎟️ Must-See Landmarks 'Daugavpils Fortress' and 'St. Boris and Gleb Cathedral' are key attractions.
🏛️ Museums & Art Venues 'Daugavpils Mark Rothko Art Center' showcases contemporary art.
🏰 Historical Sites 'Daugavpils Regional and Art Museum' offers insight into local history.
🕍 Religious Sites 'St. Peter's Church' is an important cultural site.
🎉 Annual Events 'Daugavpils City Festival' occurs every August, showcasing local culture.
🎨 Cultural Districts 'Riga Street' is known for its artistic vibe and creative spaces.
🎭 Theater Venues 'Daugavpils Theatre' hosts various performances and events.
🛍️ Local Markets 'Starptautiskā Daugavpils tirdziņš' offers local crafts and food on weekends.
🎼 Music Scene 'Daugavpils Music Theater' often features live music and events.
🎨 Street Art The city's walls exhibit vibrant murals from local artists.
🧑‍🍳 Cooking Classes 'Daugavpils Culinary School' offers classes for locals and visitors.
👩‍🎨 Art Galleries 'Daugavpils Contemporary Art Center' hosts rotating exhibitions.
🕰️ Historic Buildings 'The Old Believers Church' is a stunning example of local architecture.
🏴 Local Heritage Daugavpils is known for its multicultural heritage, especially influenced by Russian and Polish cultures.

Nature and Outdoor Activities

🌅 Nearby Nature Escapes 'Daugavpils Sventes Lake' is a picturesque area for relaxation and nature.
🏞️ National Parks Nearby 'Gauja National Park' is about 1.5 hours away, offering beautiful hiking trails.
🚲 Cycling/Walking Paths Paved paths along the Daugava River provide scenic routes for biking and walking.
🌄 Scenic Viewpoints The 'Daugavpils Bridge' offers great views of the river and city.
🦉 Birdwatching Locations 'Daugava's wetland areas' are ideal for birdwatching enthusiasts.
🔥 Bonfire-Friendly Spots 'Sventes Lake' has designated areas for bonfires.

Other Services and Amenities

📦 Parcel Delivery Service Services like 'Latvijas Pasts' provide reliable delivery options.
🛠️ Tech Repair Services Local shops offer repair services for devices and gadgets.
🏓 Table Tennis Spots 'Daugavpils Sporta Pils' features table tennis facilities.
🧑‍🏫 Language Classes 'Langua Academy' offers Latvian language courses.
📚 Libraries & Study Spots 'Daugavpils Central Library' is a quiet place for studying and reading.
🏘️ Community Centers 'Daugavpils Culture Center' hosts various community events and activities.
🕹️ Gaming Lounges 'Game Zone' offers gaming facilities and events.
🎰 Casino & Gaming Halls 'Olympic Voodoo Casino' is a popular venue for gaming and entertainment.

Business

🏢 Studio Purchase Price (City Center) Approx. €1,500 per m² (e.g., 40 m² = €60,000).
🏢 Studio Purchase Price (Outside City) Approx. €1,200 per m² (e.g., 40 m² = €48,000).
🏠 1-Bedroom Purchase Price (City Center) Approx. €1,800 per m² (e.g., 60 m² = €108,000).
🏠 1-Bedroom Purchase Price (Outside City) Approx. €1,500 per m² (e.g., 60 m² = €90,000).
🏡 2-Bedroom Purchase Price (City Center) Approx. €1,700 per m² (e.g., 80 m² = €136,000).
🏡 2-Bedroom Purchase Price (Outside City) Approx. €1,400 per m² (e.g., 80 m² = €112,000).
💼 Corporate Tax 20%.
💵 Dividend Withholding Tax 0% for residents and 15% for non-residents.
🏦 Tax System Latvia has a relatively simple flat-rate tax system for individuals.
📈 Highest Income Tax Bracket 20%.
🧾 VAT Standard VAT rate is 21%.
🌐 Controlled Foreign Company (CFC) Rules Yes, the regulations apply to foreign subsidiaries.
🏠 Property Tax Annual property tax based on property market value.
🏠 Property Transaction Tax 2% for residential properties.
💻 Attractive Tax System for Digital Nomads Estonian e-residency allows access to EU markets with favorable terms.

Feedback Thank You!

Thank you!

Your feedback has been submitted successfully.