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In Latvia, a residence permit is a document issued to a foreign citizen by the Office of Citizenship and Migration Affairs, which gives the right to reside in Latvia either for a set period of time, usually six months to five years, or permanently. Living in Latvia gives you the opportunity to live, work and / or study in the country, as well as to use medical, government and other services available to citizens of Latvia. A residence permit in Latvia not only gives you the opportunity to visa-free entry to any Schengen area countries, but also simplifies the process of obtaining a visa to other countries such as the US and the UK. https://www.confiduss.com/en/info/blog/article/latvian-residence-permit-investment/