Latvia

Residence | Latvia

About latvia

Latvia is an EU member state situated along the Baltic Coast of Northeastern Europe, sharing borders with Estonia, Lithuania, Russia, and Belarus. It joined the European Union in 2004, became part of Europe’s Schengen Area in 2007, and adopted the Euro in 2014. Its identity, culture, and rich heritage may be seen and felt through its extensive medieval architecture. While its official language is Latvian, Russian is widely spoken across the country. Its population stands at approximately 1.8 million.

Country Information

  • Location: Northern Europe

  • Language: Latvian and Russian

  • Population: 1.8 million

  • Economy: Transport Sector

  • Currency: Euro

Latvia residence by investment

The Latvian Residence by Investment Program was established in 2010, allowing foreign nationals to legally seek a residence through financial contribution, be it through the investment into the equity of a Latvian company, a bank deposit in a Latvian bank, or though the purchase of interest-free government bonds. The applicant for residency may include his spouse and children under the age of 18.

Initially, a temporary residence is issued for five years with an ID renewal required every year. After five years of temporary residence, the applicant and his family may apply for permanent residence status under the conditions that they pass the A2 Latvian language test and show a history of physical residency in Latvia for four out of the five years. Only then, are permanent residence holders eligible to apply for Latvian citizenship, under the condition that they further demonstrate a history of physical residence in Latvia for another four out of five years

Investment Requirements

Options: Share Capital Investment, Real Estate, or Bank Deposit

  • Option 1: Share Capital Investment option starts at EUR 50,000 + Government Contribution starting at EUR 10,000 (Company investment entails a capital investment into a Latvian company which pays an annual tax of no less than EUR 40,000)

  • Option 2: Real Estate option starts at EUR 250,000 + State Fee of EUR 12,500 (5% of property value)

  • Option 3: Bank Deposit option starts at EUR 280,000 + Government Contribution of EUR 25,000 (Bank Deposit entails a capital deposit of no less than five years)

  • All options have additional government and legal fees

Process & time to residence

  • Step 1: Choose & Transfer Investment

  • Step 2: Submit residency application

  • Step 3: Verification and issuance of residency permit

    *Issuance of residence is approximately 1 - 3 months after submission of application

Eligible Dependents

  • Main applicant’s spouse

  • Children under the age of 18

Residence Benefits

  • Most Affordable EU Residence by Investment Program

  • Visa free mobility within Europe’s Schengen area

  • Financial planning, access to EU banking, and no global taxation

  • Investment in an EU country

  • Access to both educational opportunities and healthcare

  • Ability to live, work, and study in Latvia

  • Eligibility for citizenship after ten years of legal residence

  • Family security in global instability

Enquire Today

Aryzen Global assists clients internationally in obtaining residence, citizenship and/or real estate under the respective programs. FIll the form below or contact us directly to arrange a private consultation with one of our expert advisors.

direct contact

  • 285 Fulton St, Suite 8500, 85th Floor, New York, 10006, USA

    Phone: +1 202 709 9255

    WhatsApp +1 202 709 9255

    Office Hours: 9 AM - 5 PM