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Latvia residence permit by investment

Obtain a Residence Permit (RP) for moving to Latvia, travel freely across Europe, and access the international banking system
Validity period
5 year
Minimum investment amount
€60,000
Processing time
1–3 months

Latvia: Residence permit for investment in the economy

In Latvia, residence permit investment programme was launched in 2010 to attract foreign capital. Foreign nationals can obtain a residence permit by investing in the following areas:

  • Company share capital:
    • From €50,000 for companies with up to 50 employees and an annual turnover of up to €10 million.
    • From €100,000 for larger enterprises.
  • Government securities: From €250,000.
  • Real estate: From €250,000.
  • Banking sector: From €280,000.

Investors must also make a one-time contribution:

  • €10,000 for business investments.
  • €38,000 for government bonds.
  • €25,000 for bank capital.
  • 5% of the property value for real estate.

In addition to the primary applicant, their spouse and minor children can also qualify for an RP. After 5 years of residence, they can apply for permanent residence, and after 10 years, for citizenship. Since dual citizenship is not allowed in Latvia, applicants must renounce their original citizenship.

Conditions for obtaining a residence in Latvia

Applicants must meet the following requirements:

Be at least 18 years old

Have no criminal record

Have income from legal sources

Be in good health

Required documents for an RP in Latvia

Participants in the programme must provide the following documents:

  • Completed application form with a photograph.
  • Copy of the passport.
  • Proof of legal income (employment contract, securities).
  • Bank statement confirming sufficient funds for living in the country (€700 to €2,100, depending on the chosen asset).
  • Payment receipts for government fees.
  • Proof of meeting the program requirements (ownership certificate, bonds, etc.).
  • Health insurance.
  • Criminal record certificates from countries where the candidate has resided for more than one year in the past 10 years.
  • TB certificate.
  • Marriage certificate (if including a spouse in the application).
  • Birth certificates of children (if including children in the application).

All documents must be translated into Latvian and notarized.

Visa-free travel with countries

USA
USA
United Kingdom
United Kingdom
Canada
Canada
Norway
Norway
Switzerland
Switzerland
Germany
Germany
France
France
Spain
Spain
Sweden
Sweden
Finland
Finland

Process of obtaining an RP in Latvia

1 day

Preliminary check

Candidates are advised to seek support from specialists who will analyze all documents in advance and determine whether to proceed with the investment or choose another programme. This significantly reduces the risk of application rejection.
1 months

Meeting investment conditions

Applicants must invest in the chosen assets to obtain the Latvia residence permit: real estate, government bonds, business, or subordinated capital.
up to 7 days

Document preparation

This includes gathering the necessary documents, translating them into Latvian, and notarizing them. Documents should also be apostilled.
1 day

Application submission

Applications can be submitted at the Latvian embassy, where the state fee for processing the application is also paid. Candidates from certain countries must pass an exam in the official language at level A2 and send the certificate along with other documents.
up to 30 days

Visa issuance

Upon approval, the programme participant must visit the embassy again to apply for a D visa, which allows entry into the country for 30 days.
10 days

Card issuance

In the Office of Citizenship and Migration Affairs of Latvia, the foreigner must submit biometric data and pay the RP issuance fee. The card can be obtained within 10 days.
40 days

Renewal of RP and application for permanent residence

Foreign nationals can renew their residence cards an unlimited number of times. The application for renewal must be submitted up to 90 days before or after its expiration. If submitted later, it will take approximately 40 days to process the documents and issue a new card. Therefore, to avoid being considered a new applicant, the application should be sent no later than 50 days after the RP expires.

Residing in the country for 5 years entitles foreign citizens to apply for the Latvia permanent residence permit, benefits of which include visa-free movement within the Schengen Area and access to social security. It is necessary not to leave the country for more than 6 consecutive months or more than one year in total.

10 years later, they can apply for citizenship and obtain a Latvian passport.

Investor expenses in Latvia: From €60,000

The cost of obtaining an RP varies depending on the chosen scheme and the number of applicants. In addition to direct investments and state fees, expenses may include the services of a notary, translator, and other specialists.

AssetMinimum Investment AmountState Fee
Real Estate €250,000 5% of the object's value
Company Share Capital €50,000 or €100,000 (depending on the number of employees and annual turnover) €10,000
Subordinated Capital €280,000 €25,000
Government Bonds €250,000 €38,000

FAQ

What is the Latvian investment residence programme?
This program allows foreign nationals to obtain a 5-year RP in exchange for investments. It was launched by the Latvian government in 2010 to boost the economy and enhance the local real estate market.
Latvia temporary residence permit: benefits

Key advantages include:

  • Visa-free entry to several European countries.
  • Strategic location providing easy access to EU countries.
  • The possibility of obtaining citizenship after 10 years of residence.
What types of investments qualify for a Latvian RP?

Foreign nationals can invest in:

  • Real estate.
  • Bonds.
  • Business.
  • Subordinated capital.
How to get a residence permit in Latvia through a real estate purchase?

Candidates can invest in completed real estate (one or two properties, depending on the region) valued at €250,000 or more to gain resident status. Conditions include:

  • No past or current property tax debts.
  • Property purchase through a bank transfer.
  • The seller being a legal entity registered in Latvia/EU/EEA/Switzerland and paying taxes in the country, or a Latvian/EU citizen or Latvian resident.
  • The cadastral value of the property at the time of purchase being at least €40,000 or €80,000 (depending on the region).
  • The buyer paying a state fee of 5% of the property's price.
  • The property not being located on agricultural or forestry land.
How long does it take to obtain a Latvian RP through investment?
The processing time ranges from 1 to 3 months.
How much does a residence permit in Latvia cost?
The investment costs for participating in the program start at €50,000 plus a €10,000 one-time fee. Additional expenses include fees for legal services and other related costs.
Can I obtain Latvian residency by investing in a local business?
Yes, foreign nationals can secure an RP by investing at least €50,000 in the share capital of a local company, provided the company pays annual taxes of at least €40,000. If the company employs more than 50 people and has an annual turnover exceeding €10 million, the minimum investment threshold increases to €100,000.

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