Advantages
- Dependents included:
- Spouse
- Children under18
- Member of EU/ Schengen
- Right to reside and work indefinitely in Latvia
- High standard of education and healthcare, and children have access to free education
- Fast processing, typically within 90 days
- Free travel within Schengen zone 90 days out of every 180 days
- No physical residency requirement
- The right to establish a business in Latvia
- No language requirement
- Can apply for Permanent Residence after 5 years subject to meeting residency, language and knowledge requirements
- Can apply for Citizenship after 10 years of residence
- No education or management experience required
- The right to obtain a Latvian driver’s licence, which is valid in all Member States of the European Union
Investment Options
The applicant may invest in real estate or shares in a local company
- Real Estate investment
- €250,000 minimum investment
- 5% government fee
- 2% Registration fees
- Share Investment
- €50,000 investment in shares of a Latvia company
- €5,000 Registered address and annual registrations
- €10,000 Stamp Duties
The investment must be held for a minimum of 5 years, and must be retained to renew the residency permit
Requirements
- Aged 18 years or older
- Applicant must have no criminal record;
- Applicants must meet minimum income requirements to support the applicant and dependents
- Must have health Insurance for main applicant and dependents
- Make a qualifying investment in real estate, or in the share capital of a Latvian company and hold the investment for 5 years
Process
- Complete qualifying investment
- Submit application and supporting documents through lawyer
- Successful applicants and dependents will be granted a Residence Permit valid for 5 years
- Must obtain health Insurance and take a tuberculosis test upon arrival in Latvia
- Residence Permit may be renewed every 5 years if the investment is maintained, subject to a renewal fee of €5,000 (per family)
- Applicants who have continuously resided in Latvia for 5 years will be entitled to apply for a permanent resident permit
- Applicants and their dependents can apply for Latvian Citizenship after 10 years of legal residence in Latvia