About
Capital: Riga
Population: 1,842,226
Language: Livonian, Latgalian
GDP per capita: $44,110 USD
Currency: Euro (EUR)
Visa-free Travel: Over 170 countries including the Schengen Area, USA (with eTA), Canada (with eTA), UK (with eTA), Malaysia, Japan, Singapore, Mauritius, Philippines, and South Korea
Residence by Investment Program Overview
The Latvia Golden Visa Program has been in operation since 2010. Investor applications peaked in 2014, with around 2,500 applicants approved. The number of applications has increased significantly over the years.
With a minimum investment of just €50,000, it offers one of the most cost-effective ways to obtain a residence permit through investment in Europe.
Residency in Latvia provides a pathway to EU permanent residency and citizenship. To qualify for permanent residency, a minimum of 5 years of physical residency is required, and at least 10 years for citizenship.
Latvia Investor Golden Visa (Capital Investment)
Temporary residence permits in Latvia are granted to investors who invest at least €50,000 in the equity capital of a company.
The Latvia Investor Residence Permit is issued for a period of 5 years and is renewable. After 5 years, the investor can apply for permanent residency in Latvia.
Requirements:
Passport:
A valid passport is required.
Investment:
An investment of at least €50,000.
State Fee:
A one-time state fee of €10,000 must be paid.
Sufficient Financial Resources:
Proof of financial self-sufficiency is required.
Source of Income:
Documents verifying the source of income.
Clean Criminal Record:
A clean criminal record is mandatory.
Legal Fees:
Payment of legal fees is required for processing and executing the application.
Latvia Real Estate Golden Visa
Foreigners purchasing real estate worth at least €250,000 in Latvia are granted temporary residence permits.
The Latvia EU Real Estate Golden Visa is valid for a period of 5 years and is renewable. After 5 years, the person can apply for permanent residency in Latvia.
Passport:
A valid passport is required.
Real Estate Purchase:
Real estate worth €250,000 must be purchased in Latvia.
State Fee:
A one-time state fee of €12,500 (5% of the property value) must be paid.
Sufficient Financial Resources:
Proof of financial self-sufficiency is required.
Source of Income:
Documents verifying the source of income.
Clean Criminal Record:
A clean criminal record is mandatory.
Legal Fees:
Payment of legal fees is required for processing and executing the application.
Latvia Bank Deposit
Temporary residence permits are granted to investors who deposit €280,000 into the subordinated bonds of a Latvian bank. An annual return on investment of up to 8% is offered.
The residence permit obtained through a bank deposit is valid for 5 years and is renewable.
Passport:
A valid passport is required.
Bank Deposit:
A bank deposit of at least €280,000.
State Fee:
A one-time state fee of €25,000 must be paid.
Sufficient Financial Resources:
Proof of financial self-sufficiency is required.
Source of Income:
Documents verifying the source of income.
Clean Criminal Record:
A clean criminal record is mandatory.
Legal Fees:
Payment of legal fees is required for processing and executing the application.
Advantages of the Latvia Residence by Investment Program
Most Cost-Effective EU Residence by Investment Program
Visa-Free Travel to More Countries
Free Movement in the Schengen Area (Excluding the Right to Settle)
Pathway to Citizenship
Dual/Multiple Citizenship Allowed (Exceptions apply)
Short Processing Time: 6-8 months. It may take longer in some cases.
Inclusion of Spouse and Children Under 18 in the Application
Opportunities to Open Individual and Corporate Bank Accounts in the EU
Lower Taxes
Safety and Security
Latvia Investor Golden
Visa (Capital Investment)
If the investor holds their investment for 10 years, they receive a 2% commission each year. The initial investment is refundable.
Latvia Real Estate
Golden Visa
If the investor decides to rent out the real estate, they can earn an annual return on investment of 7-8%.
Latvia
Bank Deposit
Provides a return of up to 8% annually, with payments made in quarterly periods. The initial investment is refundable.