Latvia
European Residency by Investment Program
Time to Residency
3 Months
Visa-Free Access
All 29 Schengen Area Countries
Passport Rank
29th in the world
Minimum Investment
€60,000 EUR
Residency Requirements
None
Establishment Date
2010
Business Investment
1. Invest €50,000 in the equity capital of a Latvian company, with the condition that the company pays at least €40,000 in annual taxes.
2. Make a one-time payment of €10,000 to the state budget.
Real Estate Investment
1. Acquire real estate property in Latvia with a minimum value of €250,000.
2. Pay a state fee equivalent to 5% of the property’s purchase price.
Bank Deposit
1. Make a €280,000 capital deposit into a Latvian bank for 5 years.
2. Pay a one-time state fee of €25,000.
Additional Requirements:
Demonstrate financial stability to support your family’s living standard without relying on social assistance:
1. €15,480 per year for a single applicant.
2. €20,640 per year for an applicant and spouse.
3. €22,188 per year for a couple with one child.
Flag
The flag of Latvia features a crimson-red field with a narrow white stripe in the center. The red symbolizes the readiness to defend freedom and the sacrifices made for independence, while the white stripe represents peace and unity, reflecting the nation’s enduring values.
Coat of Arms
The coat of arms of Latvia features a shield with a golden sun for freedom, a red lion for Courland, and a silver griffin for Livonia. Three stars above symbolize regional unity, while oak branches frame the shield, representing strength and resilience.
Country Capital
Riga
Population
1,900,000
Language
Latvian
Currency
Euro (EUR)
Exchange Rate
1 USD = 0.9 EUR
Government Type
Parliamentary Republic
What is the Latvia Golden Visa?
The Latvia Golden Visa is a residency-by-investment program offering European residency through business, real estate investments or bank deposit.
What are the investment options?
Business Investment: Invest €50,000 in a Latvian company, with annual taxes of at least €40,000, and pay a €10,000 state fee.
Real Estate Investment: Purchase property worth €250,000 and pay a 5% state fee on the purchase price.
Bank Deposit: Deposit €280,000 in a Latvian bank for 5 years and pay a €25,000 state fee.
What are the benefits of this program?
Residency provides visa-free access to the Schengen Zone, the ability to live, work, and study in Latvia, and a pathway to permanent residency or citizenship.
Are there additional financial requirements?
Yes, applicants must demonstrate financial stability, with annual income requirements starting from €15,480 for a single applicant.
How long does the residency permit last?
The initial permit is valid for five years, with the option to renew.
Can family members be included?
Yes, the program allows applicants to include their spouse and dependent children in the application.
