Latvia
Residence Permit by Investment
Minimum investment
EUR 250,000
Processing time
average processing time is 1-3 months for a complete application file; may extend for applicants from countries requiring more detailed security checks
Physical presence
no fixed minimum number of days per year, but the residence card requires annual re-registration — the holder must enter Latvia at least once every 12 months to keep the permit valid; the holder must also personally collect the residence card in Latvia within 3 months of approval
- Investment route
- •Real estate purchase, minimum EUR 250,000 (one property in Riga, Jurmala, or 12 named surrounding municipalities, or up to 2 properties elsewhere), cadastral value at least EUR 80,000, plus 5% of the purchase value paid to the state budget
- •Subordinated liabilities (deposit) with a Latvian credit institution, minimum EUR 280,000, term at least 5 years, plus EUR 25,000 paid to the state budget on receipt of the first permit
- •Share capital investment in a Latvian company, minimum EUR 50,000 (company with under 50 employees, turnover/balance under EUR 10 million) or EUR 100,000 (larger company), plus EUR 10,000 paid to the state budget
- •Interest-free special-purpose Latvian government bonds, nominal value EUR 250,000
- Investment breakdown
- •the real estate route excludes vacant land and agricultural/forest land
- •the share capital route is capped at 10 foreigners per company under the EUR 100,000/50,000-employee tier
- •all routes require proof of subsistence funds of EUR 500/month for the main applicant plus EUR 500/month per adult dependant and EUR 150/month per minor dependant
- Additional fees
- •state budget payment varies by route: 5% of purchase price (real estate), EUR 25,000 (bank deposit), or EUR 10,000 (share capital)
- •the government bond route requires no separate percentage-based state fee beyond the standard state duty
- •legal, notarial, and translation costs apply separately
- Eligibility
- •18+
- •Clean criminal record
- •Verifiable source of funds
- Due diligence
- •certificate of no criminal record from every country of residence over the preceding 12 months
- •a tuberculosis clearance report from an authorized Latvian clinic (valid 1 year)
- •all documents must be translated into Latvian and notarized
- Family inclusion
- •spouse
- •minor children or children under maintenance, with the other parent's notarized consent required if applicable
- Path to citizenship
- •the program does not itself lead to citizenship
- •a separate ordinary naturalization route applies based on years of residence, a Latvian language test, and other integration requirements administered by the Office of Citizenship and Migration Affairs (PMLP)
- Renewal
- residence permit valid for 5 years initially, renewable subject to continued qualifying investment and annual re-entry to Latvia
- Dual citizenship
- •Restricted — Latvia only permits dual citizenship with a specific list of countries (mainly EU/EEA/NATO/EFTA states and a small number of others)
- •dual citizenship with most other countries requires special exemption (note: this residence program does not itself grant citizenship)
- Key benefits
- •Access to the Schengen Area
- •One of the lower property-investment thresholds among EU golden visa programs
- Taxation
- rental income from Latvian property is treated as Latvia-source income and taxed accordingly, regardless of the holder's country of residence
Application process
- 1.select a qualifying property
- 2.pay the purchase price and state fee
- 3.submit application to the Office of Citizenship and Migration Affairs
- 4.residence permit issued