Latvia Residency By Investment Program Overview

Latvia Residency By Investment Summary

Latvia’s golden visa is one of the cheapest immigrant investment programs in Europe. Foreign investors from non-EU countries seeking residency visas can be granted a residence permit valid for a 5-year term. An investor and their family can live in Latvia and travel freely in the Schengen area and there are no requirements to reside.

Options to get Latvian residence include investing a minimum corporate investment of a statutory capital of a Latvian company at least 50,000 euro and pay a one-time 10,000 euro government fee, minimum real estate investment of 250,000 euro plus a 5 percent state fee on the purchase price, or deposit at least 280,000 euro in a credit or banking institution. Each of these investment routes will allow applicants to obtain a 5-year temporary residence permit, which can later be converted to permanent residence. Latvia citizenship is possible after 10 years of legal residence in Latvia.

Latvia Citizenship By Investment

While there is no CBI program, after five years of holding a temporary residence permit, an individual can apply for a permanent residence permit and then after ten years of residency in Latvia, an investor may apply for citizenship.

How to Apply for Latvia Golden Visa

Apply to the Latvia immigration department. It takes 2-3 months to get a visa. Applicants must have a clear criminal record.

Mobility

Residence permit in Latvia allows visa-free travel to all Schengen states. Latvia citizenship gets visa free access to 166 countries.

Country

Latvia is a country seen as the bridge between East and West and provides direct access to European markets. Latvia has a low cost of living, well-developed infrastructure, skilled workforce and has the lowest total tax rate in the Baltic states.

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