Residency by Investment
in Latvia
The Latvia residency by investment programme grants Schengen area access while providing a pathway to EU citizenship.
$100,000
1-3 Months
Route to citizenship
Why is Latvia a popular investment location?
Latvia is positioned between Western Europe, Scandinavia, and Russia, making it a vital hub for trade and logistics. As a member of the European Union (EU) and the Eurozone, Latvia benefits from free trade access, regulatory alignment and a stable currency (Euro).
Latvia is ranked highly in the World Bank’s Ease of Doing Business report due to its streamlined regulations and digital government services. It has a competitive corporate tax system, including a 0% reinvested profit tax for businesses. Foreigners can easily register and manage businesses remotely. Latvia is known for its strong IT sector and fast internet speeds, which support startups, fintech, and technology-driven companies.
About the Latvia Residency by Investment programme
The Latvia Golden Visa, also called the Latvia Residency by Investment program, grants foreign nationals residency in Europe in return for making a qualified investment.
The program offers foreign investors a range of investment options, making it one of the most affordable pathways to European residency. It is open to non-EU, non-EEA, and non-Swiss citizens. Nationals from Russia and Belarus are not eligible to apply.
Latvian residency also offers a path to eventual European citizenship. For that, the investor must first obtain permanent residency after residing in the country for at least five years. The investor must also be proficient in the local language and general history of Latvia.
After an additional five years of permanent residency, the investor can apply for Latvian citizenship. The country also allows dual citizenship.
How to obtain Residency by Investment in Latvia
Business Investment
- Minimum investment: €50,000 – €100,000 (depending on the size of the company)
- Fees and costs: €10,000 state fees
- You must keep your investment for five years
Real Estate Investment
- Minimum investment: €250,000
- Fees and costs: 5% state fee and 2% stamp duty
- You must maintain the property for at least five years
Bank Deposit
- Minimum investment:€280,000 deposit in a Latvian bank
- Fees and costs: €25,000 state fee
- The money must remain in the account for five years
Government Bonds
- Minimum investment: €250,000
- Fees and costs: €38,000 state fee
- You must hold your government bonds for at least five years
Contact our Citizenship by Investment Expert
Latvia FAQs
Is there a minimum stay requirement in Latvia?
There is no mandatory minimum stay. However, to renew the residence permit annually, applicants must visit Latvia at least once per year.
Can I include family members on my application?
Yes. You can include your spouse and dependent children. Be aware that additional fees and requirements may apply.
Can I work in Latvia with a Golden Visa?
Yes. You can work and start a business in the country with a Latvian Golden visa.
How long is the residence permit valid?
The initial permit is valid for five years. However, you must renew your permit annually.