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Latvia
Latvia Golden Visa
Latvia has introduced its Residence by Investment program, commonly known as the Golden Visa, to attract foreign investors seeking residency in a dynamic European market. With affordable investment options and expedited processing, the program is an appealing opportunity. Thanks to its strong economic potential, high quality of life, and visa-free access to the Schengen Zone, Latvia’s Golden Visa remains a highly competitive option for global investors looking to establish a foothold in Europe.
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About the program
The Latvia Golden Visa program allows foreign nationals to obtain residency by making qualifying investments in the country. This initiative is designed to stimulate economic growth while providing investors the opportunity to enjoy the benefits of living in Latvia.
Investment
Investing €100,000 in a company with more than 50 employees. The business must meet specific tax obligations.
About the country
Latvia is a Baltic nation characterized by its rich history and stunning natural landscapes.
It offers a unique blend of modern urban life and serene countryside. Known for its welcoming atmosphere and strategic location within Europe, Latvia provides an excellent quality of life for residents.
Population: 1,9 mln;
Currency: Euro (EUR)
Language: Latvian;
Capital: Riga
Processing time
The processing time for the Latvia Golden Visa application typically ranges from 1 to 3 months.
Visa-free travel
A Latvian passport opens doors to 183 countries, with visa-free or visa on arrival entry.
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Benefits
Benefits of the Latvian Golden Visa
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Strategic Location
Latvia is well-connected to both Western and Eastern Europe, offering benefits for business and travel.
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Fast-Track Process
Residency can be obtained in just a few months.
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Pathway to PR
After five years of residency, holders may apply for permanent residency.
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Affordable Investment Options
Some options are among the most affordable in Europe, making the program widely accessible.
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High Quality of Life
Latvia is an attractive place to reside with EU-standard healthcare, education, and lifestyle.
Type of Investment
Type of Investment for Latvia Golden Visa
Investors have multiple avenues through which they can qualify for the Latvia Golden Visa. Applicant must hold the investment minimum 5 years. Below are the most popular investment options.
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€100,000
Investing €100,000 in companies with more then €10 mln. turnover and more than 50 employees.
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€250,000
Real Estate purchase for at least €250,000. The property must not be agricultural or forest land.
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Requirements for an investor:
- Individuals 18 years or over
- Clean criminal record
- Health insurance coverage for at least one year.
- Good health with no social dangerous diseases.
Eligible family members:
- Spouse
- Dependent children under 18 years of age
- Proof of sufficient financial resources to support themselves and their family without seeking social assistance.
Timeline
How to apply for Latvia Golden Visa
Step 1
1 week
Investment. Choose a qualifying investment option that aligns with your financial goals and preferences. Invest Citizenship will give you full support in this.
Step 2
2-3 weeks
Gather required documents, including a valid passport, proof of investment, health insurance, a clean criminal record certificate, and financial stability evidence such as bank statements.
Step 3.
1 day
File your application at a Latvian embassy or consulate, including all necessary paperwork. Ensure accuracy to prevent delays in processing.
Step 4.
1-3 months
Expect processing to take 30 days to 3 months, during which Latvian authorities will conduct background checks and verify your investment details.
Step 5.
1 week
Upon approval, travel to Latvia within three months to complete biometrics and collect your temporary residence permit.
Step 6.
5th year
Permanent Residency. The residency permit is valid for five years and can be renewed thereafter.
Investment Options
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Business Investment
Invest €100,000 in a company investing in 4-star hotel real estate with collateral-backed security. Enjoy a guaranteed buyback option and a 7-day free hotel stay.
This business investment route offers a secure path to Latvia’s Golden Visa with attractive returns and hassle-free residency benefits.
Path to Citizenship
Latvian Citizenship
The Latvia Golden Visa program offers a pathway to citizenship for investors willing to commit to long-term residency in the country. Initially, applicants receive a residence permit valid for five years through various investment options, such as purchasing real estate or investing in a business. After maintaining this residency for five years, individuals may apply for permanent residency, provided they meet specific conditions, including physical presence in Latvia and knowledge of the Latvian language and culture.
Following an additional five years of permanent residency, applicants can then pursue Latvian citizenship. This route emphasizes the importance of integrating into Latvian society while providing a structured timeline for those seeking to establish a lasting presence in the country.
Intrigued by the prospect of Latvian residency? If you're considering the Latvia Residency by Investment Program or have inquiries about its benefits, our dedicated team is ready to provide comprehensive information and guidance. Whether through a call or online meeting, we're here to assist you in exploring the boundless possibilities that Latvia has to offer.
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