Citizenship & Residency by Investment | Global Mobility Solutions

Latvia

Residence by Investment Program

FACTSHEET Latvia factsheet is available for download

About

Capital: Riga

Population: 1,842,226

Language: Livonian, Latgalian

GDP per capita: 44,110 USD

Currency: Euro (EUR)

Visa Free Countries: 170+ countries, including Schengen Zone, USA (w/ETA), Canada (w/ETA), UK (w/ETA), Malaysia, Japan, Singapore, Mauritius, Philippines, South Korea

Residence by Investment Program Overview

Latvia's Golden Visa has been operational since 2010 and saw its investor application volume peak in 2014, a year during which Latvia approved some 2,500 applicants. Application volume has grown considerably.

With a minimum investment threshold of just 50,000 EUR, it remains most affordable routes to residency by investment.

Under the updated framework, residence permits are now issued for an initial 2-year period, renewable for a further period. Latvian residency continues to provide a pathway to permanent residency and citizenship: a minimum of 5 years of residency is required for PR, and a minimum of 10 years for citizenship.

Latvia Investor Golden Visa (Equity Investment)

Temporary residence permit in Latvia for investors who have invested at least 50,000 EUR in company's share-capital.

Investor residence permit in Latvia is issued for 2 years period and can be renewed. After 5 years investor can apply for permanent residence permit in Latvia.

Requirements:

Passport: A valid passport is necessary.

Investment: An investment of at least 50,000 EUR.

State Fee: A one-time state fee of 10,000 EUR must be paid.

* After 5 years of residence, renewing within 90 days with the investment unchanged, a state fee of 2,000 EUR payment applies.

Sufficient Funds: Proof of financial stability is needed.

Source of Income: Documents that confirm the origin of income.

Clean Criminal Record: A clean criminal record is mandatory.

Legal Fees: Payment of legal fees is required for processing and handling the application.

Benefits of Latvia Residence by Investment Program

€

Most cost effective EU Residence by Investment Program

Increased visa-free travel

Freedom of movement (but not settlement) within Schengen

Path to citizenship

Permits dual/multiple citizenship (exception apply)

Short processing time: 6-8 months. In some circumstances can be longer.

Inclusion of spouse and children under 18

EU private and corporate bank account opening possibilities

TAX

Lower taxes

Safety and security

Latvia Investor Golden Visa
(Equity Investment)

Investment period is 6–8 years. Initial investment is refundable.

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