Latvia Residency by Investment (Golden Visa)
Introduced in 2010, the Latvia Residence by Investment Program offers foreign investors the opportunity to obtain residency through options such as purchasing real estate, investing in a business, purchasing bonds, or investing in the subordinated capital of credit institutions. Latvia became a member of the European Union in 2004 and joined the Schengen Area in 2007.
Next Citizen ensures high success rates through experience and a solid track-record with different Governments. Every year, we help individuals and families acquire a second residency or citizenship by investment. We have assisted clients from over 85 countries worldwide and commit to long-term client-advisor relationships.
The average processing time to obtain Latvian residency is 3–4 months.
Latvia residency offers visa-free access to 33 European countries, including Schengen.
Real estate, business investment, or bank deposit (program options vary).
From EUR 50,000 + government fees (depending on option).
Spouse and children under 18 at the time of application.
LATVIA RESIDENCY BY INVESTMENT • SUMMARY
The legislation upon which the program is based is the Immigration Law, Section 23, Paragraph one, Clause 28.
Simple process
Simple and cost-effective.
Family included in one application.
Residence permit valid for 5 years and renewable.
Permanent residency can be obtained after 5 years.
No physical residence requirement to obtain residency.
No education attainment and no interview (as stated by program sources).
Free mobility
Visa-free travel to 33 European countries, including Schengen.
Eligibility to apply for citizenship 5 years after obtaining permanent residency (subject to requirements).
After Latvian citizenship, visa-free access to 183 countries & territories (as stated by program sources).
Quality of life
Low cost of living and high quality of life.
Right to live, work, and study in Latvia.
Education and healthcare are free (as stated by program sources).
Relatively low tax regime and a secure, well-regulated banking system.
Schengen access (sample)
Latvia residency offers visa-free access to Europe including 28 Schengen countries (lists can be updated).
Want the full list? Use the “Check If You Need Visa” tool above or contact us to share the updated country list.
250,000 EUR
5% of real estate price
Residential or commercial property. Investment can be in a residential or commercial real estate asset.
280,000 EUR
25,000 EUR
Deposits into a subordinated loan or bonds of a Latvian bank (as stated). Bank deposits may not generate interest.
50,000 EUR
100,000 EUR
10,000 EUR
Capital transfer into an existing Latvian company (as stated by program sources).
Other costs
In addition to the required investment, there are other costs such as professional fees, document certifications (when applicable), courier fees, and other small disbursements. Contact us for a detailed quotation outlining all costs.
Beginning the process
Retainer agreement signed and first payment of professional fees.
Collection of required documents and file preparation as per Government guidelines.
Government evaluation & investment
Investment type selected and paid.
Submit proof of investment and proof of sufficient funds to reside in Latvia without working.
Client travels to Latvia for biometrics. All required documents submitted at this stage.
Receiving Latvian residency
Receive residence permit upon approval.
Government fee payable only once approved (as stated).
Visit Latvia in person within three months to collect temporary residence permit (ID card).
Client must visit Latvia every year to renew residency card and re-take biometrics (as stated).
The estimated time to receive residency approval depends on due diligence processing time and the specific case.
Latvia Permanent Residency Brochure
Content: Program Overview • Residency Law • Benefits • Applicants Qualifications • Investment requirements • Application Fees • Document Checklist • Visa-free list
15 pages • 700KB (as provided)
Age
Main applicant must be at least 18 years old.
Good character
Clean criminal record and due diligence review.
Health & residence visit
Good health and medical certificate.
Visit Latvia in person within 3 months to collect the temporary residence permit (ID card).
Next Citizen provides assistance in obtaining Latvian residency. The list below is a general guideline. After assessing your case, we prepare a customised checklist.
Personal documents
Request form • Original passport + copy • Photos • CV (investor & spouse) • Marriage/birth certificates (if applicable).
Financial & address
Proof of income & funds • Utility bill (< 3 months) • Proof of residential address • Receipts of fees.
Health & background
Health insurance • TB clearance certificate • No criminal convictions • Documents certifying the investment.
What is the Latvia Residency by Investment Program?
A program that offers foreign investors residency through routes such as real estate, business investment, bank deposit/bonds, or other approved options.
How long does it take?
Typically 3–4 months (case dependent).
Can I work in Latvia?
Yes, holders of residency in Latvia through investment are allowed to work in Latvia (subject to permit conditions).
Does it lead to citizenship?
Applicants may be eligible to apply for Latvian citizenship after 5 years of permanent residency (requirements include language and history exams). Dual citizenship is allowed only for permitted countries.
Let’s discuss Latvia options for you
Confidential consultation
Share your nationality, country of residence, preferred investment route (real estate, bank deposit, or business), and whether you want to include family dependents. We’ll guide you through eligibility, costs, and the full process.
What we’ll cover
Route selection, checklist, biometrics steps, and timeline.
Response time
We aim to reply quickly during business hours.