🇱🇻 Latvia Residence by Investment Requirements

Residency by Investment

Latvia offers one of the most affordable residency-by-investment programs in the European Union, allowing investors and their families to obtain a Latvian Temporary Residence Permit (TRP) with access to the Schengen Area.

The program provides a pathway to Permanent Residency and eventual Latvian citizenship, subject to meeting residence and language requirements.

Investors can qualify through several investment routes.

Investment Options

Business Investment

• Minimum Investment – €50,000

Investment into a Latvian company employing fewer than 50 employees and generating annual turnover below €10 million.

Additional government contribution:

• €10,000 one-time state fee

Capital Investment in Established Company

• Minimum Investment – €100,000

Investment into a company with more than 50 employees and annual turnover exceeding €10 million.

Bank Subordinated Deposit

• Minimum Deposit – €280,000

Investment period:

• 5 Years

Government fee:

• €25,000

Government Bonds

• Program availability subject to government regulations.

Associated Costs

Apart from the qualifying investment, applicants should consider government and professional expenses.

Government Fees

• State Contribution Fee – Starts from €10,000

Residence Permit Fees

• Application and issuance fees apply per applicant.

Legal Fees

Professional legal and immigration advisory fees generally start from €5,000 – €10,000

Additional Expenses

• Translation and notarization fees

• Medical insurance

• Biometric residence card issuance charges

Eligibility and Requirements

To qualify for Latvia Residence by Investment, applicants must satisfy the following conditions:

✔ Invest in an approved business or financial instrument

✔ Demonstrate lawful source of funds

✔ Maintain a clean criminal record

✔ Hold valid health insurance

✔ Visit Latvia to submit biometric data

✔ Maintain the investment during the residence period

Temporary residence permits are generally issued for five years, subject to annual registration requirements.

Permanent residence may be available after five years of continuous residence.

Latvian citizenship may be pursued through naturalization after fulfilling residency and language requirements.

Latvia Residence Benefits

Latvia offers investors access to one of Europe's most affordable residency programs.

Its key benefits include:

✔ Residency for the investor and eligible family members

✔ Visa-free travel throughout the Schengen Area

✔ Access to European education and healthcare systems

✔ Low investment threshold starting from €50,000

✔ Potential pathway to Permanent Residency

✔ Eligibility for Latvian citizenship through naturalization

✔ Strategic location within the European Union