How long does it take to process the Latvia Golden Visa application?

Latvia offers one of the quickest routes to EU residency. The processing time is typically between 30 and 90 days. Be aware that processing times can exceed 90 days in some cases.

Is there a minimum stay requirement in Latvia?

There is no mandatory minimum stay. However, to renew the residence permit annually, applicants must visit Latvia at least once per year.

What are the general requirements for the Latvian visa?

Applicants must be over the age of 18, be from a non-EU, non-EEA, or non-Swiss country, and be in good health. They must also meet financial and legal requirements.

Can I include family members on my application?

Yes. You can include your spouse and dependent children. Be aware that additional fees and requirements may apply.

What is the minimum investment for the Latvia Golden Visa?

The minimum investment varies depending on the route you choose. Investment amounts range from €50,000 to €280,000. Additional costs and fees also apply.

What Are the Latvia Golden Visa Requirements

The Latvia Golden Visa offers a pathway to residency and citizenship. Before applying, investors must understand and meet specific requirements.

This article is part of our Ultimate Guide to the Latvia Golden Visa. This article explores the Latvia Golden Visa requirements in detail.

Overview of the Latvia Golden Visa Program

The Latvia Golden Visa is a residency by investment (RBI) scheme. It allows non-EU nationals to secure a temporary residence permit by making a qualifying financial investment in the country.

Key Benefits

Latvian residency and visa-free travel to the Schengen area
Fast route to EU residency
Multiple cost-effective investment options
Minimal physical presence requirement
Include family members
Can lead to permanent residency after five years of residence and EU citizenship after ten years

Latvia Golden Visa Investment Options

One of the main requirements for the Latvia Golden Visa is to make a qualifying investment. As an investor, you have multiple options to choose from, including:

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

Each investment route has its advantages. The best option will depend on your goals and situation.

Read our guide to the Latvia Golden Visa investment options and costs to learn more.

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Latvia Golden Visa Requirements

To qualify for the Latvia investor visa, applicants must meet the following residency requirements:

General Requirements

You must be over the age of 18
You must be from a non-EU, non-EEA or non-Swiss country
You must be in good health

Financial Requirements

You must invest in one of the approved categories
Funds must come from a legal and verifiable source
You should have the ability to support yourself and any dependents

Legal and Compliance Requirements

You should have a clean criminal record
You must comply with Latvian laws and regulations
You must maintain your investment for five years
You must show proof of health insurance valid for one year

Documentation Needed for the Latvia Golden Visa

Applying for the Latvia Golden Visa requires you to submit several documents to support your application. These include:

Valid passport: this must be a passport that is valid for at least six months.
Proof of Funds: evidence to show the source of funds used to invest in the Latvia Golden Visa.
Proof of investment: documents that show you have made a qualifying investment.
Bank statements: these are used to show you can support yourself and any dependents financially.
Criminal record certificate: a certificate or an official document showing you have a clean criminal record in your home country or one you have lived in for over six months in the previous five years.
Health insurance: health insurance that is valid for at least one year.
Application form: the main application form you complete when applying for a golden visa in Latvia.
Government fee receipt: proof of payment for government/state fees.
Photographs: a passport-sized photo of you and any dependents you include on your application.

Be aware that you may need to provide additional documents. The documents required will depend on your investment route and dependents added to your application.

Working with Holborn

We have helped over

1000+

families to gain citizenship or residency

Over

$300 million

invested in CBI programmes through us

More than

$450 million

of property assets purchased in the last three years

We have helped over

client nationalities secure a golden visa

1000+

Families helped to gain citizenship/residency

$300 million

Amount we have invested in CBI programmes

$450 million

Value of property assets purchased in the last three years

40+

Client nationalities we have helped secure a golden visa

Latvia Golden Visa Application Process

Applying for residency in Latvia is a multi-step process. Once you get started, things move quickly. Working with experienced professionals is advised to ensure no hold-ups and that your application has the best chance of success.

Here is a step-by-step breakdown of Latvia’s residency by investment program:

Step 1: Choose an Investment Option

The first step is choosing your investment route and paying the minimum required amount.

Step 2: Gather Required Documents

Prepare all the documents to prove you meet the Latvian visa requirements.

Step 3: Submit the Application for Review

You must send your documents to the Office of Citizenship and Migration Affairs in the Republic of Latvia for review. You will also pay state fees at this stage.

Step 4: Application Processing

Processing typically takes 30-90 days. If you meet the Latvia residency requirements, you will need to travel to Latvia to submit your biometrics. Once approved, you will receive a temporary residence permit valid for five years.

Step 5: Re-register Yearly

You will need to visit Latvia once per year to re-register your residence permit.

Step 6: Apply for Permanent Residency

After five years of legal residence, you can apply for a permanent residence permit. This means living in the country for 183 days per year.

Step 7: Apply for Citizenship

After 10 years, you can apply to become a citizen. To apply, you must:

Have lived in the country for the last 10 years
Be proficient in the Latvian language
Know the country’s national anthem

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Summary

Understanding the requirements for the Latvia Golden Visa is essential. Investors can secure residency in an EU country by meeting the eligibility criteria.

While the process is fast, there is a lot to consider. That is why working with an expert is advised.

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.

Open the door to European residency with Holborn. Speak to one of our specialists to learn how we can help you.