Latvia: Residence by Investment Program

Latvia, nestled in the heart of the Baltic region and a member of the EU, offers an attractive Residence by Investment Program. This program is tailored for foreign investors seeking to gain residency in a thriving European nation, known for its beautiful landscapes and strategic location.

Residence by Investment Overview

Latvia’s Residence by Investment Program, established in 2010, has been a significant contributor to the country’s economic growth. The program offers residency for non-EU nationals through various investment routes, each designed to bolster the Latvian economy while providing investors and their families with the opportunity to reside in 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

Generic Overview of Latvian RBI Programs

The program includes several investment options:

1

Investment in a Latvian Company:

Invest €50,000 in a Latvian company’s equity, ensuring the company pays a minimum of €40,000 in taxes annually, plus a one-time payment of €10,000 to the state.

2

Government Bonds:

Purchase non-interest-bearing government bonds worth €250,000, plus a government fee of €38,000.

3

Bank Deposit:

Deposit €280,000 in a Latvian bank or purchase its bonds, holding the investment for five years, plus a government fee of €25,000.

Key Benefits of Latvian RBI Programs

Visa-free access to the European Schengen countries.
No minimum stay requirement for residence permit renewal.
Fast-track application procedure, usually processed within three months.
Potential eligibility for citizenship after ten years of lawful residency.
Right to live, work, and study in Latvia.

Procedures and Timeline for Latvia Golden Visa/RBI Programs

The process for obtaining the Latvia Golden Visa typically involves:

1

Making the Investment:

Choose and complete the investment in Latvia.

2

Application Submission:

Apply for residency, along with all required documents, to the Latvian Immigration Department.

3

Approval and Permit Issuance:

After approval, visit Latvia to collect your temporary residence permit ID card. The process usually takes between 30 and 90 days.

4

Annual Renewal:

Renew the temporary residence permit annually for the first five years.

5

Permanent Residency and Citizenship:

After five years, apply for a permanent residence permit. Citizenship can be applied for after ten years of permanent residency in Latvia, subject to certain conditions like language proficiency and knowledge of Latvian history and the national anthem.

Latvia’s Residence by Investment Program is a gateway for investors seeking to integrate into the European Union, offering a straightforward and beneficial path to residency with a relatively modest investment.¬