Latvia Residency By Investment Program

Q: How long does it take to process an application for the Latvia Residence by Investment Program?

The application typically takes 2–4 months to process, depending on the chosen investment and documentation.

Global Experts in Residency and Second Citizenship by Investment Programmes

Latvia Residency by Investment Program Overview

Latvia is part of the Eurozone and the Schengen Area, allowing residency holders to travel freely within the EU. Investors can apply for permanent residency after five years, provided they’ve lived in Latvia for most of that time. The capital, Riga, is only 90 minutes by air from Moscow, and with many residents speaking Russian, Latvia is a popular destination for Russian investors seeking residency and citizenship in Europe.

Latvia Residency Investment Opportunities

1- Real Estate Investment

Under Latvia’s Golden Visa program, real estate investment is a popular option for obtaining residency.

To maintain residency, the property must be owned for at least five years, and it can be rented out for passive income. The real estate investment grants the investor and their family (spouse, children, and dependent parents) a temporary residence permit for up to five years, which can be renewed.

2- Capital Investment in a Business

Investing in a Latvian business is another option for obtaining residency under the Golden Visa program. This route involves a significant financial commitment and a focus on creating local employment.

Minimum investment of €100,000
Investment can be in the form of equity, shares, or funds.
Business must create at least 10 full-time jobs for local citizens or residents
Business should be viable and contribute to the Latvian economy.
Priority given to industries like technology and manufacturing.
Investor and family receive a temporary residence permit, renewable every five years.

3- Government Bonds Investment

The Government Bonds Investment option under Latvia’s Golden Visa program allows non-EU nationals to secure temporary residency by purchasing government bonds worth at least €250,000. The investment is low-risk, refundable after five years, and offers stable returns. The residence permit is temporary, renewable, and extends to family members, with no requirement to live in Latvia during the investment period.

Minimum investment of €250,000
Bonds are low-risk and offer stable returns
The investment is refundable after a five-year commitment
Interest rates on bonds are typically modest due to their secure nature
Bonds must be held for at least five years to maintain the residence permit.
Investor does not need to live in Latvia during the investment period.

4- Make a Bank Deposit

Another option is to make a €280,000 deposit into a Latvian bank or credit institution to purchase its bonds, which must be held for five years. Unlike government bonds, this option allows you to earn interest, making it a potentially lucrative investment if you trust Latvia’s financial institutions. If you’re looking for a more hands-off investment with the possibility of returns, this could be the right choice. However, it’s important to note that an additional €25,000 government fee applies when choosing this route.

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Latvia Overview

Latvia, located in Northern Europe, is one of the three Baltic States, sharing borders with Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a rich cultural heritage, beautiful landscapes, and a strong economy.

Language

Latvian

Currency

Euro

Total Area

64,589 km²

Capital

Riga

Government

Parliamentary republic

Population

1.9 million

Latvia Residency and Passport Benefits

Latvia offers various residency options, including the Golden Visa program, which provides several advantages for investors and their families. These benefits are designed to attract foreign nationals seeking to live, work, or invest in the country. Here are some key benefits of Latvian residency and passport:

Latvia residence enjoy a wide range of benefits:

Temporary residency for up to five years, renewable
Family members can also obtain residency
Freedom to travel within the Schengen Area
Access to public healthcare and education
Access to High-Quality Healthcare and Education
Tax Incentives

latvia Golden Visa Cost

Latvia Residency Requirements

Purchase property worth at least €250,000 in Latvia for real estate investment
Invest a minimum of €100,000 in a Latvian business
Deposit €280,000 in a Latvian bank or credit institution (held for 5 years).
Applicants must be at least 18 years old.
To maintain residency, visit Latvia at least once a year.
Pass a background check with no criminal history.
Obtain health insurance valid in Latvia and other EU countries.

Latvia Golden Visa Program Steps

The Latvia Golden Visa program offers non-EU investors the opportunity to gain residency by making qualifying investments, such as in real estate or business. The program provides a pathway to live, work, and study in Latvia, with the added benefit of traveling freely within the Schengen Area. Here is an overview of the steps and timeline for obtaining residency through this program:

Meet with an authorized agent
Prepare required documents
Submit your application
Make the required investment in real estate or other qualifying investments
Government will issue residency permit
After 5 years of continuous residence in Latvia, you can apply for permanent residency
After 10 years of continuous residence, you can apply for Latvian citizenship

Residency By Investment

Residency by investment programs allow individuals to obtain legal residency in a country by making a qualifying investment, such as purchasing property or starting a business. These programs provide numerous benefits, including access to better living conditions, travel freedom, and opportunities for future citizenship. Greece’s Golden Visa is one of the most popular residency-by-investment options, offering individuals and their families the chance to live and work in Greece and the broader European Union.

Latvia Residency by Investment - FAQ

How does the Latvia Golden Visa program work?

The Latvia Golden Visa program allows investors to obtain a 5-year renewable residency by making an eligible investment, such as purchasing property worth at least €250,000 or depositing €280,000 in a Latvian bank.

What are the requirements for the Latvia Golden Visa?

To qualify, applicants must:

Make a qualifying investment (real estate, business, or bank deposit).
Be at least 18 years old.
Have no criminal record.
Obtain health insurance valid in Latvia.
Visit Latvia at least once a year to maintain residency.

Can family members be included in a Latvia Golden Visa application?

Yes, family members such as spouses and children can be included in the application, subject to additional processing fees.

Is there Latvia citizenship by investment?

Latvia does not directly offer citizenship by investment. Citizenship can be obtained through naturalization after 10 years of legal residence, including 5 years as a permanent resident.

Does Latvia allow dual citizenship?

Yes, but only in specific cases, such as with certain EU countries or countries with which Latvia has agreements.

Can you lose residency if you live abroad?

Yes, if you fail to visit Latvia at least once a year, your residency permit may be revoked.

Can you own property as a permanent resident?

Yes, permanent residents can own property in Latvia without restrictions.

Are there alternatives to Latvia's Golden Visa Program?

Yes, other EU countries such as Portugal, Greece, and Malta offer similar residency or citizenship-by-investment programs.

How long does it take to process an application for the Latvia Residence by Investment Program?

The application typically takes 2–4 months to process, depending on the chosen investment and documentation.

What documents are required for the Latvia Residence by Investment application?

Valid passport
Proof of investment
Clean criminal record
Health insurance
Proof of financial means

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Greece Residency Program

The Greek Golden Residency Program, launched in 2013, offers non-EU investors and their families residency by investing in property. It grants the right to live in Greece and travel freely for five years, by retaining investment.

Malta Residency Program

Malta offers non-EU investors a clear path to European residency. It allows families to live in Malta permanently and travel visa-free. Citizenship through naturalization is possible after five years of residency.

Portugal Residency Program

Portugal’s Golden Residence Permit Program (ARI), launched in 2012, offers non-EU/EEA citizens and their families residency in exchange for a 5-year investment of €500,000 in real estate or €350,000 in renovation properties.

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Latvia Residency By Investment Program