The Latvia Golden Visa offers multiple investment routes for non-EU investors looking to secure EU residency.
With investments starting at €50,000, the program is one of Europe's most cost-effective and flexible residency by investment (RBI) schemes.
This article is part of our Ultimate Guide to the Latvia Golden Visa. This article explores the Latvia Golden Visa investment options and costs in detail.
The Latvian Golden Visa is a residency-by-investment program. The Latvian government launched the scheme in 2010 to stimulate the economy through foreign investment.
The program grants a temporary residency permit to investors who make a qualifying investment in the country. You can apply for a permanent residence permit after five years. After 10 years of residency, you can apply for Latvian citizenship.
Related article: What Are the Latvia Golden Visa Requirements?
Investors can choose from several approved investment routes to qualify for the Latvia Golden Visa. Each option has different financial requirements, benefits and risks.
Here are the investment options for the Latvian Golden Visa:
You can secure a Latvia Golden Visa by investing in real estate. With this option, you must spend at least €250,000 on a Latvian real estate purchase. The property must have a cadastral value of €80,000.
Cadastral value means the value of a property as determined by the authorities. Location and age are two factors used to calculate a property’s cadastral value.
You must invest the full amount in a single property in Jurmala, Riga, or the capital’s suburbs. You can spread your investment across multiple properties in other regions of Latvia. If you decide to invest in more than one property, each must have a cadastral value of over €40,000.
Other stipulations include:
Becoming a share capital investor in a Latvian company is the most cost-effective way to secure an investor visa.
The minimum investment amount is between €50,000 and €100,000. The amount you pay will depend on the size of the company:
With both options, you must pay €10,000 state fees and hold your investment for five years.
The business must be registered and actively operating in Latvia. It must also comply with all tax and employment regulations. You can visit the official Latvia Golden Visa website for more information on this option.
You can secure Latvia residency by making a bank deposit. If you decide to take this route, you have two options:
These bonds differ from government bonds (discussed in the next section). With this option, bonds benefit from interest, while government bonds do not.
With this option, you must pay a €25,000 government fee. You should note that you cannot withdraw funds or sell bonds for five years.
The final option is to invest €250,000 in government bonds. You must keep your bonds for five years to keep your residency permit. There is also a €38,000 state fee to pay.
While these bonds do not accrue interest, you will get back the amount you invested after five years. This means that bonds may offer better capital security than the other investment routes.
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Apart from the initial investment, there are additional costs tied to the Latvia Golden Visa that investors need to consider.
The costs you pay will largely depend on the investment route you choose. Some of the typical Latvia Golden Visa costs include:
The Latvia Golden Visa offers multiple investment options. As a result, the program is one of the fastest routes to EU residency and one of the most flexible.
It’s essential to understand each investment route, as well as the costs and obligations. That will help you choose the option that best aligns with your needs and financial goals.
If you are ready to take the next step, get the expert guidance and support you need.
Holborn Pass is a leader in investor visas. We provide a bespoke service that has helped investors and their families successfully secure golden visas in countries worldwide.
Explore your investment options and take the first step toward European residency with Holborn. Speak to one of our specialists to learn how we can help you.
The minimum investment varies depending on the route you choose. Amounts start at €50,000 for business investments, while the bank deposit option is €280,000.
Yes. You can invest in multiple properties outside Riga and its suburbs. The two properties combined must have a market value of over €250,000. Each property must also have a cadastral value of over €40,000.
Investments in agricultural land or forest areas do not qualify for the Latvian Golden Visa.
The Latvia Golden Visa offers one of the fastest routes to EU residency. Processing times can vary depending on the investment option you choose. However, the process typically takes between 30 and 90 days.
Tax obligations depend on residency status and income sources. You will likely be considered a tax resident in Latvia if you live there more than 183 days per year. Latvian residents are liable for income tax on their worldwide income. Speak to one of our tax specialists to ensure you get the guidance you need.