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How to travel to or within Europe without visa

Updated on March 13, 2013

How to immigrate in Europe or travel within Europe without visa could be a top question for non-EU residents, who travel to Europe regularly for business or tourism purposes or who wish to change their place of residency. One option for tourists is to apply for visa again and again, which in many cases requires presentation of different proof of stable income and intention to return to home country. Another option is to apply for residence permit of one of European countries, which is also a member of the Schengen area. Residence permit in a Schengen country allows not only to reside, work and study in this country, but also travel to other Schengen countries without visa and spend there up to 90 days in half a year.

The member states of Schengen area currently are Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland. Regulations on how to obtain a residence permit are specific to each country and mostly the requirements are related with studying, employment or any other active business which benefits the country. However there is one particular EU member state worth to mention as a country, which in the relative sense provides foreigners with the easiest way of how to obtain a residence permit without actual cause to reside there – it is Latvia and the aforementioned way of acquisition of a residence permit is - investment. There are 3 types of investment possible as substantiation of acquisition of a residence permit for 5 years with the possibility to renew it afterwards:

1. Purchase of real estate for a minimum of 143 000 EUR in the capital city, its region and other major cities, or for a minimum of 72 000 EUR outside these territories,

2. Investment in a Latvian credit institution at least in amount of 300 000 EUR, which in other words means deposit in bank for interest.

3. Investment in share capital of a company registered in Latvia (can be registered by the foreigner himself/herself) at least in amount of 142 000 EUR or at least in amount of 36 000 EUR, but in latter case the company is required to pay annual taxes at least in amount of 29 000 EUR in order to preserve the validity of residence permit.

Latvia is parliamentary republic with stable political system and favorable geographical location in the middle of eastern and western worlds. For this reason people choose this beautiful country not only as their place of living, but also as a place where to develop their business.

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