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Revolut Ultra: Travel perks.

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Nomad Score: 70%

Essentials

πŸ™οΈ City Riga, the capital of Latvia, is a vibrant city known for its art nouveau architecture and rich history.
πŸ‘₯ Population approximately 632,614
πŸ’» Internet Speed up to 100 Mbps
πŸ’Έ Currency & Banking 1 EUR β‰ˆ 1.07 USD; major banks include Swedbank, SEB, and Luminor.
🚰 Tap Water Drinkable
πŸ”Œ Power 230V, 50Hz, πŸ”Œ Type C/F sockets
πŸ“Ά SIM Card Providers like LMT and Tele2 offer competitive mobile data packages.
πŸ’³ Banking for Expats Revolut, TransferWise, and local banks are widely accepted.
πŸ›Œ Accommodation Options include Airbnbs, hostels, and serviced apartments. Average prices for long-term rentals: €400-€800/month.
πŸ’³ Cashless Friendly Yes, cards are accepted widely.
🏠 Short Term Rentals Popular platforms include Airbnb and Booking.com.
πŸ›οΈ Budget Accommodation Hostel Talisman and Red Nose Hostel are good budget options.
πŸ™οΈ Best Area to Stay for Tourists Old Town (VecrΔ«ga) is the historical heart of the city.
πŸ™οΈ Best Area to Stay for Digital Nomads The City Center and quieter neighborhoods like Δ€genskalns offer good amenities.

Working and Networking

🏒 Best Coworking Space Fabrika and Teikums are popular coworking spaces with good facilities.
β˜• Best Cafe for Work Rocket Bean Roastery offers great coffee and a good work environment.
πŸ’Ό Networking Events Meetups are held regularly through platforms like Meetup.com, especially in tech.
πŸ₯‚ Social Events for Expats Riga Expats Facebook Group organizes regular meetups and community events.

Transportation

πŸš• Best Taxi/Ride App Bolt is widely used for rides in Riga.
🚲 Bike/Scooter Rental Juuve and Circ offer bike and e-scooter rentals around the city.
πŸ–οΈ Best Beach Nearby JΕ«rmala Beach, about 30 minutes away by train.
✈️ Top Regional Airline airBaltic is the primary carrier serving the region.
✈️ Top International Airline Lufthansa and KLM operate frequent flights from Riga.
πŸ›£οΈ Highway Access The A1 highway connects Riga to other major Latvian cities.
πŸš‰ Main Train/Transit Hub Riga Central Station is the main transport hub.
🚍 Public Transport Passes Riga Card offers unlimited access to public transport, starting at €20/week.
✈️ Regional Travel Buses and trains are available to get to nearby towns like Sigulda and CΔ“sis.

Health and Wellness

πŸ₯ Best Hospital Riga East Clinical University Hospital for comprehensive healthcare.
🧘 Yoga & Wellness Centers Yoga Center Riga offers various classes and wellness programs.
πŸ‹οΈ Gyms & Fitness Centers Gym24 and MyFitness offer various fitness options.
🧺 Laundry Services Self-service laundries like Wash & Go are available throughout the city.

Food and Drink

πŸ“± Best Food Delivery App Wolt and Bolt Food are popular for food delivery.
🍽️ Best Local Dish to Try Try Grey Peas with Bacon, a traditional Latvian dish.
🍱 Vegan/Vegetarian Options Vegan and Vegetarian places like Raw Garden and Alla Pugačova.
🍫 Best Dessert Spots Try popular bakeries like Saldais Rūķis for delicious pastries.
πŸ›’ Affordable Shopping Spots Central Market for fresh produce, meats, and traditional foods.
πŸ›’ E-commerce/Online Store Local marketplace with options include 220.lv and VaruNoRiga.lv.
πŸ›’ Grocery Delivery Rimi and Maxima have delivery options available.
🍸 Bar/Nightlife Area The Miera iela neighborhood is popular for its bars and nightlife.
🍻 Local Brewery Aldaris Brewery for local beer tasting.
🍷 Wine Bars Try Vīna Studija for a variety of wines.
🍲 Street Food Stalls Street food festivals occur regularly; look for trucks in the city center.
πŸ• Popular International Cuisine Restaurants like Lido offer local and international dishes.

Culture and Attractions

🎟️ Must-See Landmarks Riga Old Town, House of Blackheads, and the Freedom Monument.
πŸ›οΈ Museums & Art Venues The Latvian National Museum of Art showcases local talent.
🏰 Historical Sites Riga Castle and St. Peter's Church are key historical attractions.
πŸ• Religious Sites The Stunning Riga Cathedral is a must-visit.
πŸŽ‰ Annual Events Riga City Festival occurs every August, celebrating local culture.
🎨 Cultural Districts Kalnciema Street is known for its cultural vibe and markets.
🎭 Theater Venues The Latvian National Theater is renowned for its performances.
πŸ›οΈ Local Markets Central Market offers local produce and crafts.
🎼 Music Scene Enjoy live music at venues like Palladium and Daile Theater.
🎨 Street Art Explore the street art in the Miera iela area.
πŸ§‘β€πŸ³ Cooking Classes Cooking classes offered by various local chefs can be found on platforms like Airbnb Experiences.
πŸ‘©β€πŸŽ¨ Art Galleries Galerija A4 and Art Museum offer unique exhibitions.
πŸ•°οΈ Historic Buildings The Dome Cathedral is known for its historical architecture.
🏴 Local Heritage Celebrate Latvian traditions through festivals and events in the city.

Nature and Outdoor Activities

πŸŒ… Nearby Nature Escapes Kemeri National Park is a great place for hiking and nature exploration.
🏞️ National Parks Nearby Gauja National Park is just an hour from Riga and perfect for day trips.
🚲 Cycling/Walking Paths Many paths along the Daugava River offer great views and leisurely walks.
πŸŒ„ Scenic Viewpoints The rooftop of St. Peter's Church provides panoramic views of the city.
πŸ¦‰ Birdwatching Locations Bioring in ΔΆemeri is an excellent spot for birdwatching.
πŸ”₯ Bonfire-Friendly Spots Many parks like MeΕΎaparks allow bonfires in designated areas.

Other Services and Amenities

πŸ“¦ Parcel Delivery Service DHL and Latvijas Pasts are reliable for courier services.
πŸ› οΈ Tech Repair Services Repair cafΓ©s and shops like Fixit offer device repair services.
πŸ“ Table Tennis Spots Local community centers often have ping pong tables for public use.
πŸ§‘β€πŸ« Language Classes Language donations are available through various local institutions.
πŸ“š Libraries & Study Spots The National Library of Latvia is an excellent place for studying.
🏘️ Community Centers Riga's community centers offer cultural events and classes.
πŸ•ΉοΈ Gaming Lounges Check out the events at various e-sport venues in Riga.
🎰 Casino & Gaming Halls Olympic Casino and other establishments offer gaming options.

Business

🏒 Studio Purchase Price (City Center) Approx. €2,500 per mΒ² (e.g., 40 mΒ² = €100,000)
🏒 Studio Purchase Price (Outside City) Approx. €1,800 per mΒ² (e.g., 40 mΒ² = €72,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. €2,800 per mΒ² (e.g., 60 mΒ² = €168,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. €1,600 per mΒ² (e.g., 60 mΒ² = €96,000)
🏑 2-Bedroom Purchase Price (City Center) Approx. €2,600 per mΒ² (e.g., 80 mΒ² = €208,000)
🏑 2-Bedroom Purchase Price (Outside City) Approx. €1,500 per mΒ² (e.g., 80 mΒ² = €120,000)
πŸ’Ό Corporate Tax 20%
πŸ’΅ Dividend Withholding Tax 20%
🏦 Tax System Flat tax system of 20% on personal income.
πŸ“ˆ Highest Income Tax Bracket 23%
🧾 VAT 21%
🌐 Controlled Foreign Company (CFC) Rules Yes, applicable to residency and business income.
🏠 Property Tax 1.5% annual tax rate on property value.
🏠 Property Transaction Tax 2% standard rate on property purchases.
πŸ’» Attractive Tax System for Digital Nomads Foreign income is generally not taxed if not residing in Latvia.

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