5 Easiest Countries to get a Residence Permit

4. Latvia

Minimum Investment Cost Rank: 5

Minimum Application Process Time Rank: 2

Insider Monkey weighted Average: 3.8

Latvia’s residency program is one of the fastest and cheapest that can be availed in the European region. A minimum investment of only €60,000 (approximately US $65,400) in a Latvian company that pays €40,000 annually is the lowest cost route available. Application approval time takes about 1-3 months after which the investor is expected to travel within three months to the country and get their residence permit which is valid for five years.