LimboEurope
Latvia
20%effective individual rate
20% flat tax on crypto gains. Latvia applies standard capital income rules to cryptocurrency.
FATCA Partner
Yes
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Allowed
Bitizenship
Not yet
Tax Rates
Capital Gains Tax20%
Income Tax on Crypto20%
Corporate Tax20%
VAT on Crypto21%
Activity Taxes
Staking
20%
Mining
20%
DeFi
20%
NFTs
20%
Taxable Events
Crypto → Fiat
Taxable
Crypto → Crypto
Taxable
Holding Period
No holding period benefit
None
Regulation & Residency
Regulatory Body
FCMC
Residency Requirement
EU free movement; various visas
Reporting Requirements
Annual tax return
Citizenship & Residency Path
Residency via €50K+ investment; EU citizenship after 10 years
Notable Conditions
- →20% flat rate
- →EU membership
- →Standard capital income rules
- →MiCA framework applies
Living & Lifestyle
Cost of Living
Moderate
Banking Access
Good
Quality of Life
High
Lifestyle Scores
Safety8/10
Healthcare6/10
Institutions7/10
Business Ease7/10
Int'l Schooling4/10
Privacy4/10