Investors can gain a five-year residency permit by investing a minimum of €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.
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.
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.
Through Latvia’s Golden Visa program, applicants can later 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. Latvia’s passport ranks highly in La Vida’s Passport Value Report.
The Latvia Golden Visa – also known as the Latvian Investor Visa or Latvia Residency by Investment – is a residency-by-investment programme offering European residency in exchange for a qualifying investment in Latvia.
There are two government-approved investment options:
Both routes require a €10,000 donation to the Latvian government.
The key benefits of the Latvia Golden Visa are:
Yes. You can apply for Latvian permanent residency after 5 years of full-time residence in Latvia. Citizenship may be possible after 10 years providing you have lived in Latvia for most of this time.
Yes. The Latvia Golden Visa allows you to include your spouse and dependent children under one family application.
Please see below for more Frequently asked questions regarding the Latvia Golden Visa programme. Please contact our advisors for further details.
A selection of alternative residency and citizenship investment programmes to consider.
If you’re exploring a strategic and affordable way to gain access to the European Union, Latvia’s residency by investment program is currently the lowest-cost option golden visa available. With...
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On 3rd April 2025, Spain officially closed its long-standing Golden Visa program. First launched in 2013, the initiative allowed non-EU investors to gain residency by investing in Spanish real estate...
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As the Investment Migration industry continues to expand we are increasingly coming across investors who are now investing for their second or third Citizenship or Residency by Investment programme....
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Despite popular belief there are very few European countries that offer residency through investment in real estate. These programmes guarantee the investor residency provided they meet some...
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