Latvia: A Baltic Gem
With its stunning landscapes, vibrant cities, and rich cultural heritage, Latvia stands out as an exceptional choice for residency by investment. This Baltic gem offers a unique blend of modernity and tradition, making it an attractive destination for global investors seeking new opportunities. Latvia’s growing economy, strategic location within the European Union, and welcoming approach to foreign investors bring multiple advantages for those looking to secure their future.
Latvia residency program
Whether you’re seeking visa-free access to the Schengen Zone, a second home in Europe, or a strategic investment opportunity, Latvia offers one of the fastest and most affordable European residency routes.
What is the Latvia Residency by Investment program?
The Latvia Golden Visa, officially known as the Latvia Residence by Investment Program, offers non-EU nationals a streamlined pathway to obtain a residence permit in Latvia through various qualifying investments. Initiated in July 2010, this program aims to attract foreign capital and stimulate economic growth.
Investment Options
Real Estate Investment
Minimum investment: €250,000 in qualifying Latvian property
Additional government fee: 5% of property value
Main advantage: Popular for investors seeking tangible assets in a growing real estate market
Business Investment
Minimum investment: €50,000 into a Latvian company
(Company must pay at least €40,000 annually in taxes)State fee: €10,000 one-time payment
Ideal for: Entrepreneurs and business owners looking to establish an EU presence
Bank Deposit Investment
Investment: €280,000 in a subordinated loan or deposit in a Latvian bank
State fee: €25,000
Suited for: Investors seeking a lower-maintenance route without business or property management
Eligibility Criteria
Valid passport and clean criminal record
Proof of investment source and funds
Proof of sufficient financial means.
Health insurance covering Latvia
Family inclusion
The Latvia Residence by Investment Program allows inclusion of:
- Spouse
- Dependent Children under 18
All family members receives the same residency rights as the main applicant.
Residency requirements
There is no physical presence requirement to maintain residency.
Path to Citizenship
After 5 years of temporary residency:
Apply for permanent residency (requires 4 years of physical presence)After 10 years:
Eligible to apply for Latvian (and by extension EU) citizenship
(Must pass Latvian language and culture test)
Benefits of the Latvia Residency
Fast-track processing with minimal bureaucracy
Affordable investment options compared to other EU countries
Work, live, and study in Latvia
Schengen travel: 90 days in any 180-day period across 27 countries
Low cost of living compared to Western Europe
No physical residence requirement for maintaining the temporary residence permit
Opportunity to apply for permanent residence after 5 years
Eligibility for citizenship after 10 years (subject to language and integration requirements)
Next Steps
Our team of expert immigration advisors helps you navigate Latvia’s Residency by Investment Program smoothly.
Contact us today to book a free consultation and get personalized guidance.