Residency by Investment in Latvia
- Live, work and study in Latvia
- Schengen Access
- Pathway to EU citizenship
Minimum Investment Amount
€100,000
Processing Time
1-3 months
Key Residency Benefit
Route to Latvian citizenship
Why is Latvia a popular investment location?
Latvia is positioned between Western Europe, Scandinavia, and Russia, making it a vital hub for trade and logistics. As a member of the European Union (EU) and the Eurozone, Latvia benefits from free trade access, regulatory alignment and a stable currency (Euro).
Latvia is ranked highly in the World Bank’s Ease of Doing Business report due to its streamlined regulations and digital government services. It has a competitive corporate tax system, including a 0% reinvested profit tax for businesses. Foreigners can easily register and manage businesses remotely. Latvia is known for its strong IT sector and fast internet speeds, which support startups, fintech, and technology-driven companies.
About the Latvia Residency by Investment programme
The Latvia Golden Visa, also called the Latvia Residency by Investment program, grants foreign nationals residency in Europe in return for making a qualified investment.
The program offers foreign investors a range of investment options, making it one of the most affordable pathways to European residency. It is open to non-EU, non-EEA, and non-Swiss citizens. Nationals from Russia and Belarus are not eligible to apply.
Latvian residency also offers a path to eventual European citizenship. For that, the investor must first obtain permanent residency after residing in the country for at least five years. The investor must also be proficient in the local language and general history of Latvia.
After an additional five years of permanent residency, the investor can apply for Latvian citizenship. The country also allows dual citizenship.
What are the Benefits of Residency by Investment in Latvia?
Visa-free travel to the Schengen area
Fast route to EU residency
Multiple cost-effective investment options
Minimal physical presence requirement
Include family members
Multiple investment routes
How to obtain Residency by Investment in Latvia
Business Investment
- Minimum investment: €50,000 – €100,000 (depending on the size of the company)
- Fees and costs: €10,000 state fees
- You must keep your investment for five years
Real Estate Investment
- Minimum investment: €250,000
- Fees and costs: 5% state fee and 2% stamp duty
- You must maintain the property for at least five years
Bank Deposit
- Minimum investment:€280,000 deposit in a Latvian bank
- Fees and costs: €25,000 state fee
- The money must remain in the account for five years
Government Bonds
- Minimum investment: €250,000
- Fees and costs: €38,000 state fee
- You must hold your government bonds for at least five years
Key Benefit of Residency by Investment in Latvia
The Latvia Golden Visa is one of the fastest and most flexible routes to EU residency. The processing time is between 30 and 90 days and offers several investment routes.
Latvia is an EU country, meaning investors and their families can travel freely within the Schengen area and other EU member states. Other benefits include the ability to live, work and study anywhere in the EU.
Frequently asked questions
There is no mandatory minimum stay. However, to renew the residence permit annually, applicants must visit Latvia at least once per year.
Yes. You can include your spouse and dependent children. Be aware that additional fees and requirements may apply.
Yes. You can work and start a business in the country with a Latvian Golden visa.
The initial permit is valid for five years. However, you must renew your permit annually.
Latvia Application Process
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Step 1Choose an Investment Option
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Step 2Gather Required Documents
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Step 3Submit the Application for Review
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Step 4Application Processing
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Step 5Re-register Yearly
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Step 6Apply for Permanent Residency
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Step 7Apply for Citizenship
Which programme is right for you?
| Citizenship or Residency Programme? | Citizenship or Residency Programme?Residency | ||
| Minimum Investment Amount | Minimum Investment Amount€100,000 | ||
| Minimum Stay Requirement | Minimum Stay Requirement1 day per year | ||
| Initial Permit Duration | Initial Permit Duration3 months | ||
| Time to Residence | Time to Residence1-3 months | ||
| Time to Citizenship | Time to Citizenship10 years | ||
| Family Inclusion? | Family Inclusion?Spouse and children under the age of 18 years | ||
| Right to Work? | Right to Work?Yes | ||
| Type of Document Received | Type of Document Received? Temporary residency permit | ||
| No. of Visa-Free Countries with Passport? | No. of Visa-Free Countries with Passport?173 | ||