Latvia

Welcome to Latvia Residency
by Investment

Investors seeking residency in a scenic European country may find Latvia’s Golden Visa program attractive. Launched in 2010, this program grants a five-year renewable residence permit to those who maintain the investment amount. Latvia itself is one of the Baltic States, known for its diverse landscape encompassing forests, lakes, rivers, and coastal areas.

Ways to obtain Latvia Residency by Investment

• An Investment of €50,000 in a Latvian company’s equity, plus €10,000 Governmental Fees to the
  state budget, provided the company pays at least €40,000 in annual taxes
• Purchasing a real estate with the minimum of €250,000.
• Purchasing of interest-free bonds at a nominal value of €250,000, plus €38,000 Governmental
  Fees to the state budget.
• Depositing an amount of € 280,000 in a Latvian Bank, plus €25,000 Governmental Fees to the
  state budget.

Eligibility Requirements for Latvia Residency by Investment

• The main applicant must be over 18 years of age
• Good conduct and Character
• Applicants must not have a criminal record
• Applicant must maintain the investment for 5 years
• Demonstrate sufficient financial resources to fulfill the necessary investment requirements.

Benefits of obtaining Latvia Residency by Investment

• Enjoy visa-free visitation to the countries of the Schengen Zone for a period of 90 days every
  180 days.
• Live, study and work in Latvia.
• You can include your Spouse and Children less than 18 years old.
• Freedom of movement.
• Safety and security.
• Route to Latvian Permanent Residency and citizenship” after fulfilling all required Conditions”

Process and Steps to Obtain Latvia Residency by Investment

Step 1: Contract with Prime Properties to consult and discuss your investment goals and select a
suitable option for you.
Step 2: Complete the investment and legal procedures with Prime Properties’ assistance.
Step 3: Prime Properties handles and submit the application for review and supports you
throughout.
Step 4: You receive your residency status, such as a residence permit, with guidance from Prime
Properties.

FAQs about Latvia Residency by Investment Program:

What is the estimated processing time?
The process of obtaining the Latvia Golden Visa typically takes approximately 6-9 months.

How long is the validity of the residence permit?
The residence permit obtained through the Latvia Golden Visa is valid for a period of five years.
You will be required to renew your visa in Latvia annually; you do not need to worry about
having your residency denied for five consecutive years.

What are the requirements for obtaining Latvia Permanent Residency?
To be eligible for permanent residence, applicants must meet three criteria: They must have lived
in Latvia for at least four of the last five years, pass the basic Latvian language test at the
required level, and possess documented knowledge of Latvian general history.