Schengen Area

The Schengen Area currently consists of 26 countries, all but four of which are members of the EU. Switzerland, Iceland, Norway and Liechtenstein are officially classified as states associated with the Schengen activities of the EU. Two EU members - Ireland and the United Kingdom negotiated opt-outs from Schengen and continue to operate systematic border controls with other EU member states. Four EU members - Bulgaria, Croatia, Cyprus and Romania have been given extra time to fully comply with the Schengen rules.

  • Full Schengen members (EU member states which have implemented the Schengen Agreement)

  • Associated Schengen members (non-EU member states which have implemented the Schengen Agreement)

  • EU member states outside the Schengen Area

  • Members of the Schengen Area

    • Austria
    • Belgium
    • Czech Republic
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Greece
    • Hungary
    • Iceland
    • Italy
    • Latvia
    • Liechtenstein
    • Lithuania
    • Luxembourg
    • Malta
    • Netherlands
    • Norway
    • Poland
    • Portugal
    • Slovakia
    • Slovenia
    • Spain
    • Sweden
    • Switzerland

Europe and Latvia

Europe and Latvia
Europe and Latvia
Europe and Latvia
Europe and Latvia
Europe and Latvia
Europe and Latvia
Europe and Latvia
Europe and Latvia
Europe and Latvia
Europe and Latvia
Europe and Latvia
Europe and Latvia

Latvia is a country in Northern Europe. It shares land borders with two fellow Baltic states – Estonia to the north and Lithuania to the south – and both Russia and Belarus to the east. In the west, Latvia shares a maritime border with Sweden. Riga, the capital of Latvia, is by far one of the largest capitals in Northern Europe.

Latvia is a member state of the European Union (EU), NATO, Schengen zone and is an active participant in World Trade Organization enjoying all the benefits of free and open trade in global markets. Latvia's economy has shown the highest growth rates amongst the EU member states in 2011 and 2012.

On July, 2010 the Latvian parliament adopted Immigrant Investor Program (id est passed an amendments to Immigration law), which provide an opportunity to non-European Union citizens and their families to obtain a Residence Permit enabling to live in Latvia or any other EU country (limited total 180 days per calendar year) and to receive an unconditional visa for travelling within the Schengen Area.

Already more than 7300 investors (from Russia, China, Ukraine, Kazakhstan, Uzbekistan, USA, Israel and others) have invested in Latvian Immigrant Investor Program to secure the visa free access to Europe, with total investment volume of € 1.414 billion. In exchange of purchasing Latvian real estate or committing an investment in share capital of Latvia registered company of at least €50,000 in value, successful Immigrant Investor Program applicants and their family members receive Residence Permit to live and travel in the Schengen Area of Europe.

Key facts on Latvia

Territory:

64,559 sq. km

Capital:

Riga

Population:

2 million

Borders:

Russia, Lithuania, Estonia, Belarus

Currency & Exchange:

EUR
from January 1, 2014

Credit ratings:

Moody’s: A3 Stable
S&P: A- Stable
Fitch: A- Stable

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