LATVIA

Advantages

  • Dependents included:
    1. Spouse
    2. Children under18
  • Member of EU/ Schengen
  • Right to reside and work indefinitely in Latvia
  • High standard of education and healthcare, and children have access to free education
  • Fast processing, typically within 90 days
  • Free travel within Schengen zone 90 days out of every 180 days
  • No physical residency requirement
  • The right to establish a business in Latvia
  • No language requirement
  • Can apply for Permanent Residence after 5 years subject to meeting residency, language and knowledge requirements
  • Can apply for Citizenship after 10 years of residence
  • No education or management experience required
  • The right to obtain a Latvian driver’s licence, which is valid in all Member States of the European Union

Investment Options

The applicant may invest in real estate or shares in a local company

  • Real Estate investment
    • €250,000 minimum investment
    • 5% government fee
    • 2% Registration fees
  • Share Investment
    • €50,000 investment in shares of a Latvia company
    • €5,000 Registered address and annual registrations
    • €10,000 Stamp Duties

The investment must be held for a minimum of 5 years, and must be retained to renew the residency permit

Requirements

  • Aged 18 years or older
  • Applicant must have no criminal record;
  • Applicants must meet minimum income requirements to support the applicant and dependents
  • Must have health Insurance for main applicant and dependents
  • Make a qualifying investment in real estate, or in the share capital of a Latvian company and hold the investment for 5 years

Process

  • Complete qualifying investment
  • Submit application and supporting documents through lawyer
  • Successful applicants and dependents will be granted a Residence Permit valid for 5 years
  • Must obtain health Insurance and take a tuberculosis test upon arrival in Latvia
  • Residence Permit may be renewed every 5 years if the investment is maintained, subject to a renewal fee of €5,000 (per family)
  • Applicants who have continuously resided in Latvia for 5 years will be entitled to apply for a permanent resident permit
  • Applicants and their dependents can apply for Latvian Citizenship after 10 years of legal residence in Latvia