Latvia Residency by Investment
The Latvia Residency by Investment program offers a unique opportunity for non-EU nationals to secure residency in Latvia, a beautiful Baltic country with a thriving economy and stunning natural landscapes. This program provides a fast-track pathway to European residency, visa-free travel within the Schengen Area, and eligibility for citizenship after 10 years of legal residence.
Benefits of Latvia Residency by Investment
- Visa-free access to Europe’s Schengen Area
- No minimum stay required for residence permit renewal
- Fast-track application procedure
- Russian widely spoken
- Excellent transport links with Russia and EU member states
- Eligibility for citizenship after 10 years
Requirements for Latvia Residency by Investment
Applicants must fulfill one of the following investment options:
1. Business Investment
- EUR 50,000 equity investment in a Latvian company
- Annual tax payment of EUR 40,000
- One-time payment of EUR 10,000 to the state budget
2. Real Estate Investment
- EUR 250,000 property acquisition
- 5% state fee on real estate price
Additional Requirements
Demonstrate financial stability:
- EUR 15,480/year (single applicant)
- EUR 20,640/year (applicant and spouse)
- EUR 22,188/year (married couple with one child)
Procedures and Timeline
- Document preparation
- Application submission
- Approval and temporary residence permit issuance
- In-person collection of ID card within three months
- Annual renewal of ID card
- Eligibility for permanent residence permit after five years
Residence Requirement
- No minimum physical presence required for renewal
Permanent Residence and Citizenship
- Five years of residency
- Four years of physical presence out of five years
- Basic Latvian language test (Level A2)
- Knowledge of Latvian history and national anthem
Family Eligibility
Spouse
Children under 18
Children under 18