SoloOutpost
Europe · EUR

Latvia For Solopreneurs - Tax, Immigration, Lifestyle

Reviewed 2026-06-21
Top income tax
33%
Self-employed SS
Yes
VAT
21%
Capital gains
25.5%
Exit tax
No
Nomad visa
Yes
61
/ 100
Tax efficiency36
Ease to enter92
Ease to exit65
Cost of living76
Internet43
English100
How is this scored?
Latvia taxes residents on worldwide income through a progressive system with a 25.5 percent entry rate and a 33 percent top rate, while companies pay tax only when profits are distributed under a 20 percent distribution model with a 25 percent effective rate. There is no wealth tax and no individual exit tax, but mandatory social contributions are high for the self employed at over 31 percent. A government remote work visa exists for OECD based employees and freelancers earning at least about 4,200 euros per month, and the country offers fast broadband and strong business English.

Personal income tax

Income tax structureProgressive
Top income tax rate33%
Entry income tax rate25.5%
Top rate threshold$113,700
Taxation basisWorldwide
Local/state income taxNo

Social security

Self-employed social securityYes
Employee SS rate10.5%
Employer SS rate23.59%

Indirect & other taxes

VAT standard rate21%
Capital gains rate25.5%
Long-hold CGT exemptionNo
Wealth taxNo
Inheritance/gift taxYes
Inheritance top rate33%
Property taxNo

Exit & residency

Exit taxNo
EU/EEA deferralNo
Days to trigger residency183 days

Corporate

Corporate income tax rate20%
WHT on dividends0%
CFC rulesYes

Incentives & special regimes

Special expat regimeNo

Immigration & setup

Digital nomad visaYes
DNV monthly income requirement$4,560
Entrepreneur visaYes
Ease of setup5 / 5

Lifestyle

Cost of living index50
Internet speed191 Mbps
English proficiencyHigh
Civil liberties87

Digital nomad visa

Latvia runs the Remote Work Visa (Type D), which lets you live here legally while earning from clients or an employer abroad. You need to prove $4,834/mo.

ProgramRemote Work Visa (Type D)
Income requirement$4,834/mo (EUR 4,213/mo gross (2.5x national average salary))
Duration1 year
Renewablerenewable once for total of 2 years
Application fee$103 (EUR 90 state fee)
Processing time15 days standard, can extend to 60 days if additional info needed

How it is taxed

Tax residency status triggers at 183+ days in any 12-month period; residents taxed on worldwide income at progressive rates (25.5%-33%), non-residents taxed only on local income. Double tax treaties available with 63 countries.

What you need to qualify

  • employed by OECD member state company or self-employed with OECD clients
  • at least 6 months prior work history with qualifying employer
  • valid health insurance with minimum EUR 42,600 coverage in Schengen area
  • cannot work for Latvian employers
  • clean criminal record
Official sourceCompare every nomad visa

Verified 2026-07-17 · high confidence

Golden visa

Latvia offers residency by investment from $55k. Unlike the nomad route, this buys residency through capital rather than proven income.

Residence Permit by Investment

RouteFromNotes
Business in SME$55kEUR 50k + EUR 10k state fee
Real estate$272kEUR 250k + 5% state fee
Bank deposit (5-yr)$305kEUR 280k
Residency granted5-year temporary permit
Physical presenceone visit/year
Path to citizenship10 years + A2 Latvian
Official sourceCompare with other programs

Verified 2026-07-08 · medium confidence

Sources

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Informational only. Nothing here is tax, legal, or financial advice. Tax rules change often and vary by personal circumstance. Verify every figure against an official source and a qualified adviser before acting. Figures are re-expressed from public sources and cited per country.