Latvia

Residency By Investment

Second Passport Through Business and Real Estate Investment

Page Contents

Overview | Country Information | Benefits | Book a Consultation | Faqs

Latvian Residency by Investment

The Latvia Residence by Investment Program is one of the quickest and most competitive initiatives to receive residency in Europe right now. Launched on July 1, 2010, by the Latvian government, it aimed to recover from the 2007–2009 economic crisis. In just five years, the program contributed over EUR 1.3 billion to Latvia’s economy, largely through real estate investments by foreign individuals (though real estate option ended in January 2022).

To qualify, foreign nationals can obtain a Latvian residence permit by investing in a Latvian company’s equity, making a subordinated loan in Latvian banks, or purchasing government bonds designated for specific purposes.

If you are looking to obtain Latvian Residency and need help with the process, contact our office using one of the contact methods below. Alternatively you simply contact us using the form at the bottom of this page.

 

Latvia Overview

Latvia, situated in Northern Europe, is a lively country with a captivating history and diverse culture. The capital city, Riga, showcases a blend of ancient charm and modern design. Surrounded by scenic landscapes including forests, lakes, and the Baltic Sea coast, Latvia offers outdoor enthusiasts a wide range of activities. The country experiences warm summers and snowy winters, adding to its seasonal appeal. Renowned for its focus on education and technology, Latvia is part of the European Union and the Eurozone, contributing to its thriving economy.

Investment

Minimum investment of USD 60,000

Processing Time

Processing time of one to three months.

Key Benefit

Freedom of movement

Citizenship by Investment Latvia

  • Investors can obtain a five-year residency permit by investing €50,000 in a Latvian company.
  • The business must pay at least €40,000 in tax annually.
  • Additionally, an investor needs to make a one-time donation of €10,000 to the government.
  • Application and processing fees are also part of the process.
  • Applicants need to show that they have enough money to support their family’s living costs without relying on help from the Latvian government:

    • EUR 15,480 per year for the main applicant alone
    • EUR 20,640 per year for the main applicant and their spouse
    • EUR 22,188 per year for a married couple with one child
  • After five years of having the residence permit, applicants can apply for a permanent one. To be eligible, they should have lived in Latvia for at least four out of those five years. They also need to pass a basic Latvian language test at Level A2 and show their knowledge of Latvia’s history and national anthem. Generally, giving up their previous citizenship is necessary for Latvian citizenship, but there might be exceptions.
Citizenship By Investment

Get full guide about the process

All the essential information, including the step-by-step procedure, requirements for applicants, required documents, and answers to frequently asked questions, is provided for a comprehensive understanding of the application process.

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Benefits of Latvia Residency

Process

  • Fast-track application process
  • Investors can obtain a five-year residency permit by investing €50,000 in a Latvian company.
  • After five years of having the residence permit, applicants can apply for a permanent one.

Global Mobility

  • Russian language widely spoken
  • Strong transportation links with Russia and EU states
  • Eligibility to apply for citizenship after 10 years of legal residence
  • Visa-free entry to Europe’s Schengen Area

Wealth Protection

  • Affordable investment of 50,000 Euros plus fees and legal costs, averaging around 95,000 – 100,000 euros based on family size
  • No minimum stay requirement for residence permit renewal

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Antigua & Berbuda

Country Information

Latvia is situated within Europe’s Schengen Area, on the Baltic coast. Riga, its capital, was founded in 1201 and is a UNESCO World Heritage Site. Approximately half of Latvia’s territory is covered by forests, offering many nature trails and parks. Latvia offers excellent transport and cultural links with both Western Europe and Russia.

 

Riga, the capital, uses the Euro (EUR) as its currency, with an exchange rate of 1 USD equal to 0.89 EUR. The population of Riga is approximately 1.9 million. The government operates as a Parliamentary Democracy, and the official languages include Latvian, English, and Russian.

Citizenship By Investment

Get Your Second Passport

Fill up the eligibility form today, and we will contact you at the preferred time.

FAQs about Latvia

Investors can gain a five-year residency permit by investing €50,000 into a Latvian company, providing the business pays a minimum of €40,000 in tax per annum. Investor must also make a one-off donation of €10,000 to the government. Application and processing fees also apply.

Investors can gain a five-year residency permit by investing €50,000 into a Latvian company, providing the business pays a minimum of €40,000 in tax per annum. Investor must also make a one-off donation of €10,000 to the government. Application and processing fees also apply.

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