Latvia is a charming Baltic nation in Northern Europe, renowned for its beautiful natural landscapes, rich history, and rapidly growing economy. The Latvia Residence by Investment Program offers investors and their families the opportunity to secure residency in a dynamic EU member state, strategically positioned between major European and Nordic markets.
Investments through this program contribute to Latvia’s economic development, encouraging growth in key sectors such as real estate, infrastructure, and innovation. With its high standard of living, excellent connectivity, and favorable business environment, Latvia provides an excellent gateway to Europe for those seeking a stable and prosperous base in the region.
Latvia, nestled in Northern Europe along the Baltic Sea, is a country known for its pristine landscapes, medieval architecture, and varied cultural scene. Spanning 64,589 square kilometers, it is home to a population of approximately 1.8 million people. Its capital, Riga, is a UNESCO World Heritage site, known for its fascinating Art Nouveau architecture, historic old town, and thriving festivals. Latvia also boasts serene forests, sandy beaches, and picturesque small towns, offering a perfect blend of developed urban cities and natural beauty.
Politically, Latvia is a parliamentary republic with a stable and democratic framework. The country has a strong focus on innovation, sustainable development, and economic growth, making it an increasingly appealing destination for investment and residency. Its strategic location, serving as a gateway between Europe and the Nordic region, provides excellent connectivity to key markets, enhancing its appeal as a hub for trade and commerce.
Minimum Investment
Time To Residency
Schengen Area
Visa free access to the entire Schengen Area.
Holders of the Latvian Golden Visa will be considered non-residents if they spend less than 183 days every civil year, and do not face worldwide taxation.
Applicants can include their spouse and children under the age of 18 years.
Golden Visa holders just need to visit Latvia on a yearly basis for 48 hours to renew their residence permit.
Permanent Residency is obtainable after residing physically in Latvia for 5 years. Application for Citizenship can be submitted after residing physically in Latvia for 10 years.
Visa free access to the entire Schengen Area.
Holders of the Latvian Golden Visa will be considered non-residents if they spend less than 183 days every civil year, and do not face worldwide taxation.
Applicants can include their spouse and children under the age of 18 years.
Golden Visa holders just need to visit Latvia on a yearly basis for 48 hours to renew their residence permit.
Permanent Residency is obtainable after residing physically in Latvia for 5 years. Application for Citizenship can be submitted after residing physically in Latvia for 10 years.
There are four investment options to acquire the Residence by Investment in Latvia. The first is through a company investment; EUR 50,000 equity investment in a Latvian company that:
Next, there is Real Estate, where an investor must pay EUR 250,000 in real estate in Latvia, along with a one-time government fee corresponding to the equivalent of 5% of the purchase price.
The third option is through Special Bond Investment, requiring the applicant to invest EUR 250,000 in special purpose, interest-free bonds, along with a one-time government fee of EUR 38,000.
Finally, you can obtain the residence through a bank deposit. An applicant must deposit EUR 280,000 in a Latvian bank for a period of five years, along with a one-time government fee of EUR 25,000.
The application process for Latvia Residence is straightforward, and applications are currently being processed in 6 months. The application process can be divided into the following stages:
The Latvia Residence by Investment Program is governed by a robust legal framework designed to ensure transparency and compliance. The program is based on the following legal and regulatory foundations:
Latvia passport holders have visa-free access to the entire Schengen Region.
There are four investment options to acquire the Residence by Investment in Latvia. The first is through a company investment; EUR 50,000 equity investment in a Latvian company that:
Next, there is Real Estate, where an investor must pay EUR 250,000 in real estate in Latvia, along with a one-time government fee corresponding to the equivalent of 5% of the purchase price.
The third option is through Special Bond Investment, requiring the applicant to invest EUR 250,000 in special purpose, interest-free bonds, along with a one-time government fee of EUR 38,000.
Finally, you can obtain the residence through a bank deposit. An applicant must deposit EUR 280,000 in a Latvian bank for a period of five years, along with a one-time government fee of EUR 25,000.
Applications for the Latvia Residence by Investment Programme are currently being processed in just 6 months.
Once an application is approved, the investor must fulfil the financial requirements to complete the process. Accordingly, a Citizenship Certificate will be issued to Passport Legacy, a government-authorised agent, which will then be shared with the investor to ensure that all information is valid and correct. Once checked and approved, the Citizenship Certificate will be submitted to the passport office for Passport Issuance.
Latvia is located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast, with a coastline along the Baltic Sea to the west. The country spans 64,589 square kilometers, featuring diverse landscapes such as dense forests, rolling hills, pristine lakes, and over 500 kilometers of coastline. Latvia’s terrain is primarily flat, with some low mountain ranges, such as the Vidzeme Highlands.
Riga, the capital city of Latvia, is the largest city in the Baltic States and is seen as the country’s cultural hub. Situated on the banks of the Daugava River, Riga is known for its world famous medieval architecture, particularly its UNESCO World Heritage-listed Old Town, and its impressive Art Nouveau buildings. As Latvia’s political, financial, and educational center, Riga is not only the country’s most populous city but also a key player in the Baltic region, with excellent connectivity and a growing international presence.
Latvia’s official language is Latvian, a Baltic language that belongs to the Indo-European language family. It is one of the oldest languages in Europe, with its roots tracing back over a thousand years. Latvian is known for its rich phonetic structure and unique vocabulary, preserving many ancient linguistic features not found in other European languages, making it is one of the most unique languages in the continent. While Latvian is the primary language spoken by the majority of the population, Russian is also widely understood, particularly among older generations, due to Latvia’s history as part of the Soviet Union. English is also increasingly spoken, especially in urban areas and among younger people.
Latvia has a rapidly growing economy, with key sectors including manufacturing, services, agriculture, and information technology. As a member of the European Union, Latvia benefits from access to the single market and has seen significant growth in exports, particularly in machinery, wood products, and agricultural goods. With a stable macroeconomic outlook, low unemployment, and a strong focus on economic modernization, Latvia continues to be an appealing destination for investment.
Latvia is a member of several key international organizations, showing its strong commitment to global cooperation and integration. These include:
European Union (EU) – Latvia has been a member since 2004, benefiting from access to the single market and contributing to EU policies and initiatives.
North Atlantic Treaty Organization (NATO) – Latvia joined NATO in 2004, enhancing its security and defense cooperation with other member states.
United Nations (UN) – Latvia is a member of the UN since 1991, participating in a wide range of global initiatives and peacekeeping efforts.
World Trade Organization (WTO) – Latvia has been a member since 1999, playing an active role in promoting free trade and economic cooperation.
Organization for Security and Co-operation in Europe (OSCE) – Latvia is a member, contributing to peace and stability in Europe and beyond.
Council of Europe – Latvia is a member, working to promote human rights, democracy, and the rule of law across the continent.
Eurozone – Since 2014, Latvia has been a member of the Eurozone, using the Euro as its official currency.
Invest in your future with Passport Legacy and unlock a world of possibilities. Connect with one of our client advisors today to book a private consultation and discover bespoke residence and citizenship by investment solutions that cater to your unique needs.
Passport Legacy Consultancy Limited © 2024 All rights reserved.
Passport Legacy Consultancy Limited
© 2024 All rights reserved.
