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Residency by Investment
in Latvia

  • Live, work and study in Latvia
  • Schengen Access
  • Pathway to EU citizenship
Min. Investment€100,000
Processing Time1-3 months

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?

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Visa-free travel to the Schengen area

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Fast route to EU residency

investment

Multiple cost-effective investment options

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Minimal physical presence requirement

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Include family members

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Multiple investment routes

How to obtain Residency by Investment in Latvia

Business Investment

  1. Minimum investment: €50,000 – €100,000 (depending on the size of the company)

  2. Fees and costs: €10,000 state fees

  3. You must keep your investment for five years

Real Estate Investment

  1. Minimum investment: €250,000

  2. Fees and costs: 5% state fee and 2% stamp duty

  3. You must maintain the property for at least five years

Bank Deposit

  1. Minimum investment: €280,000 deposit in a Latvian bank

  2. Fees and costs: €25,000 state fee

  3. The money must remain in the account for five years

Government Bonds

  1. Minimum investment: €250,000

  2. Fees and costs: €38,000 state fee

  3. You must hold your government bonds for at least five years

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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

Latvia Application Process

Step 1

Choose an Investment Option

Step 2

Gather Required Documents

Step 3

Submit the Application for Review

Step 4

Application Processing

Step 5

Re-register Yearly

Step 6

Apply for Permanent Residency

Step 7

Apply for Citizenship

Which programme is right for you?

Citizenship or Residency Programme?No--
Minimum Investment Amount€100,000--
Minimum Stay Requirement1 day per year --
Initial Permit Duration3 months--
Time to Residence1-3 months--
Time to Citizenship10 years--
Family Inclusion?Spouse and children under the age of 18 years--
Right to Work?Yes--
Type of Document Received Temporary residency permit--
No. of Visa-Free Countries with Passport?173--