Latvia Residence by Investment Overview
The Latvia Residence by Investment Programme, introduced in 2010, offers a fast track to EU residency. Investors can obtain residence permits by investing in Latvian companies, making subordinated loans to Latvian banks, or purchasing government bonds. With over EUR 1.3 billion raised, Latvia has attracted significant foreign investment. The real estate investment option was suspended in January 2022, but other options remain available for obtaining residency.
Minimum Investment
EUR 50,000
Donation
Processing Time
2+
Months
Minimum Investment
EUR 250,000
Real Estate
Visa-Free Access
26+
Countries & Territories
Benefits of the Latvia Residence by Investment
- Visa-Free Travel: Visa-free access to over 26 countries within the Schengen Area.
- Citizenship Pathway: After 10 years of legal residence, you may be eligible to apply for Latvian citizenship.
- Streamlined Process: Fast-track and simplifying application procedure.
- Flexible Residency: Minimum stay needed for residence permit renewal.
- Language and Connectivity: Russian is a widely spoken language, and Latvia also has excellent transport links with Russia and other EU member states.
- Family Inclusion: Investors can also include their family members.
- Work and Live Rights: Rights to work and live in Latvia with a residence permit.
Requirements & Investment Options of the Latvia Residence by Investment
To qualify for Residence, you must:
– Age over 18 years old
– Meet all the Application Requirements
– Select one of available the investment option
Investment Options:
For the Latvia Residence by Investment program, applicants have several investment options to choose from:
- A minimum €250,000 investment in real estate in Latvia, with an additional government fee of 5% of the property’s purchase price.
- A €280,000 capital deposit in a Latvian bank for a duration of five years, accompanied by a government fee of €25,000.
- A €250,000 investment in special-purpose, interest-free bonds, along with a government fee of €38,000.
- A €50,000 equity investment in a Latvian company, which must contribute at least €40,000 in annual taxes, and a one-time government fee of €10,000.
Get a Personalized Residency Costs
For you and your family, including all associated fees.
Get a Personalized Residency Costs
For you and your family, including all associated fees.
Procedures & Time Frame of the Residence by Investment Program
Before submitting your documents for review by the Latvian government, Emirates Advisory will conduct comprehensive background and eligibility checks to ensure your investment meets all requirements for a smooth application process. This preliminary check is fully Confidential and Secure.
The government will review the application within 30 to 90 days. After approval of the application at the Office of Citizenship and Migration Affairs of the Republic of Latvia, the applicant should visit Latvia within 3 months to collect their short-term residence permit. The validity of the residence permit is 5 years with the ID card’s annual renewal requirement.
Permanent Residence
To be eligible for Latvian Permanent Residence, an applicant must reside in the country for at least 5 years and know the Latvian language, general history, and national anthem.
Citizenship
After 10 years of residence, you are eligible for citizenship. There is no direct citizenship program by investment.
Grenada Citizenship by Investment Program FAQ's
What is the Latvia Residence by Investment Program?
Latvia Residence by Investment Program provides residence to individuals and their families through substantial investments.
What are the investment options offered under the Latvia Residence by Investment Program?
There are two ways to invest in Latvia: by purchasing real estate in Latvia and paying a state fee or by investing in the equity capital of a Latvian company.
Additionally, applicants must demonstrate sufficient funds to maintain their standard of living without government assistance.
What is the minimum investment required for the Latvia Residence by Investment Program?
An investment in the equity capital of a Latvian company and a one-time payment to the state budget starts at EUR 50,000+.
What are the benefits of obtaining Latvian residence through investment?
- Visa-free travel to over 26 countries within the Schengen Area.
- Citizenship After 10 years of legal residenceStreamlined Process: Fast-track and simplifying application procedure.
- Minimum stay needed for residence permit renewal.
- Russian is a widely spoken language, and Latvia also has excellent transport links with Russia and other EU member states.
- Investors can also include their family members.
- Rights to work and live in Latvia with a residence permit.
Is it easy to get permanent residence in Latvia?
After 5 years of residence, you can obtain permanent residency in Latvia.
Can I obtain Latvian citizenship through the Residence by Investment Program?
After 10 years of residence, you are eligible for citizenship. There is no direct citizenship program by investment.
How long does it take to process an application for the Latvia Residence by Investment Program?
The processing time is approximately 1 to 2 months.
Can family members be included in the Latvia Residence by Investment application?
Yes, the main applicant can include their;
- Spouse
- Dependent children, and
- Parents.
What are the residence requirements for the Latvia Residence by Investment Program?
Applicants must maintain their investment for a certain period for the Latvia Residence by Investment Programme.
What is the process for applying to the Latvia Residence by Investment Program?
Investors must select a qualifying investment, submit an application with all required documents, and complete a due diligence process. Once approved, the investor must visit Latvia within three months to collect their temporary residence permit.
What documents are required for the Latvia Residence by Investment application?
- A Valid Passport
- Clean Criminal Record
- Proof of Investment
- Health Insurance, and
- Supporting Documents
Overview of Latvia
Country Overview:
Latvia, situated in the Baltic region, is well-known for its breathtaking landscapes and lively cultural scene. The strategic location of this place between Western Europe and the Russian Federation provides access to major markets and a high standard of living. The capital combines historic charm with modern amenities, making it a UNESCO World Heritage site.
- Population: 1.8 million
- Languages: Latvian, Russian, and Belarusian, among others
- Economy: Small and open, with highly developed transit services
- Currency: Euro
The Economy of Country:
Latvia has a thriving economy with solid financial, technology, and logistics growth. The strategic location of this place promotes trade with both European and Eastern markets worldwide. The supportive business environment, with low corporate taxes and a skilled workforce, attracts global investors.
Global Connectivity:
Riga International Airport is the largest in the Baltic states, providing direct flights to major European cities. Latvia’s strategic location in Europe allows for convenient travel, making it easily accessible to international markets for business and leisure purposes.
Advantages of Residence:
Living in Latvia offers numerous benefits, including access to the EU’s single market, attractive tax rates, and a high standard of living. The country provides a safe environment, top-notch healthcare and education systems, and a lively cultural scene, making it a desirable destination for international entrepreneurs.