Latvia
Introducing Latvia
Latvia, a nation blessed with scenic beauty yet rich in history, encourages you to experience a world of opportunities.
Latvia Benefits
- Travel Without a Visa: Visit the Schengen Area without a visa, allowing unlimited access to over 26 countries in Europe. For both businessmen and tourists eager to explore Europe, this perk is invaluable.
- Inclusion of Families: Your spouse and dependent children may also be included in the residency program, so every member of your family can profit from residing in Latvia.
- The Road to Immigration: You can obtain citizenship and all of the benefits that come with being a full member of the European Union with the help of Latvia's residence program.
- Expectations for Business: Given its convenient location and engaged financial climate, Latvia offers an abundance of prospects for investors and entrepreneurs. Enjoy benefits from having accessibility to a trained workforce, modern facilities, and supportive government regulations.
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Program Requirements
To obtain a residence permit through the Latvia Residency by Investment Program, applicants are required to fulfill the following requirements.
Equity Investment
- Commit EUR 50,000 into the equity capital of a Latvian company (provided that the company annually pays at least EUR 40,000 in taxes).
- Make a one-time payment of EUR 10,000 to the state budget.
Financial Maintenance
Applicants should demonstrate the availability of funds to maintain their family’s standard of living without seeking social assistance from the Latvian government:
- EUR 15,480 per year for a single main applicant.
- EUR 20,640 per year for a main applicant and spouse.
- EUR 22,188 per year for a married couple with one child.
Real Estate Investment
Alternatively, applicants can acquire real estate property in Latvia to the value of at least EUR 250,000 and pay a state fee equivalent to 5% of the real estate price.
The Process
Investment
Client qualification, KYC, banking due diligence and initial company investment process
Residency Application
Collection of documents and residency application submission at the Latvian embassy
Residency Card Collection
Final approval and subsequent visit to Latvia for biometrics and residency card Collection.