━━ Type: Latvia Residence by Investment Program
━━ Latvia: Minimum Investment: EUR 60,000
━━ Processing Time: 6-12 months
━━ Total Duration: 5 year temporary residence, followed by eligibility to apply for permanent residence. After 10 years, applicants can apply for Latvian citizenship.
━━ Stay Requirement: No minimum stay is required to maintain the residence permit.
Benefits
━━ Obtain a five year residence permit, with eligibility for permanent residence after five years and citizenship after ten years.
━━ Access to visa-free movement across the Schengen Area.
━━ Applicants are not required to live in Latvia to maintain residence.
━━ The applicant’s spouse and children under 18 can be included in the residence permit application.
Main requirements
━━ Demonstrate the availability of funds.
━━ No physical presence required to maintain or renew the residence permit.
━━ The investment must be maintained throughout the period of residence.
Investment options
Option 1: Real Estate Investment – EUR 250,000
━━ Acquire real estate worth EUR 250,000 and pay 5% of the property’s value in government fees.
Option 2: Business Investment- EUR 60,000
━━ Invest EUR 50,000 and pay EUR 10,000 in government fees.
━━ The tax requirement is that the business must pay at least EUR 40,000 in taxes annually.
Option 3: Government Bonds – EUR 250,000
━━ Acquire government bonds worth EUR 250,000 and hold them for at least five years.
Option 4: Bank Deposit- EUR 280,000
━━ Make a bank deposit of at least EUR 280,000 and hold the investment for at least five years.
The Application Process:
- Select your investment option
- Make investment
- Make a residence permit application
- Visit the country to provide biometrics
- Approval of application
- Issuance of residence permit document
