You guys might want to check out the Dutch-American Friendship Treaty instead. Especially if you don't have an affinity for Latvia and real estate. Basically if you have a self employable business (not doctor or lawyer) and you invest a certain amount of capital, I think 5-10k, you get TRP's, eventually a PR, and once you can speak Dutch after 5 or 7 years (don't remember which) you get the passport.
Permanent residency possibility in Latvia.
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