Latvia is very interested in attracting foreign investment. This foreign investment may grant you EU residence permit. Compared to other European countries, Latvia is one of the cheapest countries in EU to obtain residence permit by investment (including establishing your company), for example in real estate or country’s economy. Latvian residence permit allows you to move freely through the Schengen area and enjoy all the benefits of legal residence in the EU. Latvia may be not only the perfect place for doing business in EU, but also for moving there with your family.