The article outlines using Latvia residency alongside a second citizenship program as a multi-jurisdiction approach to global mobility. It describes this as a cost-efficiency-focused strategy for obtaining flexibility across multiple countries rather than relying on a single program.
Latvia's parliament passed changes to its golden visa program that eliminate two existing investment options and introduce a state fund route, but the president has sent the law back for review. The state fund intended to receive investments does not yet exist, and parliament can re-pass the law unchanged to override the presidential objection.
Latvia's Saeima passed a new Immigration Law on 11 June 2026 that significantly changes the country's Golden Visa programme. The law awaits presidential signature and is set to enter into force on 1 January 2027.
The EU has reached a deal to overhaul air passenger rights, maintaining 3-hour delay compensation payouts and introducing new transparency requirements for hand baggage fees. The reform is also intended to make claims easier to process.
Latvia offers a 0% tax rate on reinvested profits and allows some companies to be registered quickly in a digital-friendly environment. The country is positioned as an entry point to the European market for foreign entrepreneurs and investors.
Australia and the EU have concluded a trade agreement after eight years of negotiations that includes labor mobility provisions allowing professionals to work for up to four years. Ratification is expected to take approximately two years before the provisions take effect.
Non-EU/EEA nationals staying in Latvia beyond 90 days within a 6-month period must obtain a residence permit. Permits are available for purposes including work, study, family reunification, and investment, with a Golden Visa residency-by-investment program also available.