Latvia’s decision to increase the minimum investment required for residency to €250,000 has caused a slowdown in Russian investment. Till last year Latvia was very popular with Russian investors, with more than 10,000 Russians obtaining Latvian residency under the program. Tensions over the conflict in Ukraine combined with the falling rouble have also contributed to the sharp drop in Russian overseas investment.
Author: Colin R. Singerhttps://investmentimmigration.com
Colin R. Singer is Managing Partner of investmentimmigration.com and immigration.ca and one of Canada’s foremost senior corporate immigration attorneys. He is recognized as an experienced authority on Canadian immigration matters as well as the international residence-by-investment industry through investmentimmigration.com. He is a licensed immigration lawyer in good standing with a Canadian Law Society during the past 25+ years.