CITIZENSHIP AND RESIDENCY PROGRAMMES
A selection of alternative residency and citizenship investment programmes to consider.
Latvia Golden Visa
INVESTOR GOLDEN VISA IN LATVIA
Investors can gain a five-year residency permit by investing €50,000 into a Latvian company, providing the business pays a minimum of €40,000 in tax per annum. Investor must also make a one-off donation of €10,000 to the government. Application and processing fees also apply.
KEY FACTS
- Business investment of €50,000, plus €10,000 donation, plus fees.
- Full family residency
- Flexible. No requirement to reside.
- Renewable after 5 years
- EU Schengen visa travel
- Eurozone currency
Latvia is part of the Eurozone and is also a Schengen visa zone country. Hence residency in Latvia enables investors to travel throughout the EU Schengen visa zone. Applicants can apply for permanent residency after five years but must have lived in the country for most of that time. The Latvian capital Riga is just 90 minutes by air from Moscow. Most of the residents in Latvia speak Russian and Latvia is a popular destination for Russians seeking investor visas, residency and citizenship in Europe.
PERMANENT RESIDENCE
The applicant can apply for Latvian Permanent Residence after they have resided in the country for a minimum of five years. They must have resided in the country for a minimum of four of those years, have knowledge of the language, general history and national anthem.
CITIZENSHIP
Applicants can apply for citizenship in Latvia after 10 years of residence, providing they have resided in Latvia for the majority of this time. There is no direct citizenship by investment programme in Latvia.
COMPARE GOLDEN VISA PROGRAMMES
Latvia is not the only country in Europe offering a golden visa programme through real estate investment. Visit our pages on Portugal, Spain, Greece and Malta to compare the investment requirements and benefits of residency and citizenship in these countries.
