Residency | Latvia


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.

Flag of Latvia

Investment: Minimum investment of EUR 60,000

Processing time: One–three months from submission of the application to approval

Key benefit: The right to live, work, and study in Latvia

Benefits of Latvia Residency by Investment:

—–Visa-free travel to Europe’s Schengen Area

—–No minimum stay is required to be eligible for the residence permit renewal

—–Fast-track application procedure

—–Excellent transport links with Russia and other EU member states

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Procedures and time frame of the Latvia golden visa

The processing of documents takes approximately 30–90 days. The members of the applicant’s family, such as spouse and children under 18, may apply for a residence permit together with the applicant. Upon approval at the Office of Citizenship and Migration Affairs of the Republic of Latvia, the investor should visit Latvia in person within three months to collect their temporary residence permit in the form of an ID card. The residence permit is valid for five years with the requirement of annual renewal of the ID card.

Latvia visa requirements

To obtain a residence permit through the Latvia Residence by Investment Program, applicants are required to fulfill the following requirements:

  • Commit EUR 50,000 into the equity capital of a Latvian company (provided that the company annually pays at least EUR 40,000 in taxes)
  • Make a one-time payment of EUR 10,000 to the state budget

In addition, applicants should demonstrate the availability of funds to maintain their family’s standard of living without having to seek social assistance from the Latvian government:

  • EUR 15,480 per year for a single main applicant
  • EUR 20,640 per year for a main applicant and spouse
  • EUR 22,188 per year for a married couple with one child