Latvia is seen as an attractive country for those who want to obtain residence rights through investment in Europe.
However, various announcements and disinformation that have spread recently reveal that investors need to be careful.
Fuat Aydemir, who has been active in tourism and investment in Latvia for many years and is the founder of the Latvian-Turkish Business People Association, drew attention to the disinformation about the Golden Visa program.
Aydemir shared the following statements on the subject:
“The long-standing good relations between Latvia and Turkey make investment opportunities more attractive. However, the recent spread of information about investment-based residence rights may mislead many people.
Yes, it is possible to obtain a residence permit in Latvia by investment, but this process has certain and clear criteria. We, as the Latvian-Turkish Business People Association, provide support to provide the most accurate information on this issue and to prevent grievances.”
Aydemir, who is also the Turkish World Business Council (DTİK) Latvia Representative, suggested that investors pay attention to the following critical points within the program.
“Get information from reliable sources. Before investing, a detailed review of companies approved by the Latvian state and official criteria should be carried out.
You should get professional support from experts or institutions in the field. The investment contract should be carefully examined and legal measures should be taken to protect the rights.
