Overview

Investment Options

Key Benefits

Requirements

FAQ

What is the Latvia Golden Visa?

The Latvia Golden Visa is a program that offers investors the opportunity to obtain a residence permit in Latvia, a member state of the European Union, within as little as three months through investment. In addition to the right to live, work, and study in Latvia, the program provides freedom of travel within the Schengen Area. The most preferred option is the model based on real estate investment in Latvia of EUR 250,000 or more. With TEKCE Visa legal consultancy, your application is managed end-to-end with a flawless process, including investment selection, document planning, and official procedure management. The residence permit is issued for five years at the initial application, with the residence card renewed annually.

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Investment Options

The most common way to obtain a golden visa in Latvia is through real estate investment with a minimum value of EUR 250,000. In addition to property purchases, applicants may also qualify through alternative investment routes such as bank deposits, government bonds, or capital investment in Latvian companies. 

One of the key Larvia Golden Visa benefits is that the program does not require continuous physical residence in the country. To maintain temporary residence status, investors are only required to visit Latvia once per year. The Latvian Golden Visa grants the right to live, study, and work in Europe, while allowing visa-free travel within the Schengen Area. With its flexible stay requirements and diversified investment options, the Latvia residency by investment is a strategic and stable solution for investors seeking access to Europe.

Real Estate Investment

Purchase of real estate with a minimum value of EUR 250,000.

Bank Deposit

A minimum bank deposit of EUR 280,000 + EUR 25,000 paid to the state as tax.

Government Bonds

EUR 250,000 in government bonds + approximately EUR 38,000 paid to the state as tax.

Company Capital Investment

An investment of EUR 50,000 as capital in a start-up in Latvia + a payment of EUR 10,000 to the state budget, provided that the company pays at least EUR 40,000 in annual taxes.

Advantages of the Latvia Residence Permit by Investment Program

Visa-Free Travel within Europe’s Schengen Area

With the Latvia Golden Visa program, you gain the right to travel visa-free to all countries within the Schengen Area.

Low Cost of Living

The average monthly cost of living in Latvia for a student or a single individual is approximately EUR 800–1,000.

Fast Application Process (3 Months)

Under the program, the residence permit is granted for 5 years at the initial stage and may be maintained beyond this period through annual renewal of the residence card, provided that the conditions remain unchanged.

Family Application

Your spouse and children under the age of 18 may be included in your application and benefit from the program.

No Minimum Stay Requirement

Only one trip per year is required for the renewal of the residence card.

Unlimited Residence

There is no minimum stay requirement for the renewal of the residence permit.

Real Estate Investment

Compared to other Western European countries, Latvia offers the opportunity to purchase affordable, high-quality real estate.

EU Citizenship

If the required conditions are met and a total of 10 years of legal residence is completed, you gain the right to apply for Latvia citizenship.

Requirements for Applying for a Latvian Golden Visa

Latvia Golden Visa requirements include;

  • Application form and biometric photograph
  • Criminal record certificate
  • Proof of financial sufficiency
  • Documents evidencing residence status
  • Title deed/land registry records related to the real estate purchase, proof of payment (bank/escrow), certificate of no tax debt (if applicable)
  • One-year health insurance policy
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Application Process

Pre-eligibility & strategy: The investment route is determined (real estate/company/bank deposit/government bonds).
File preparation: All required documents are prepared, translated, and completed with the necessary certifications and approvals.
Completion of the investment: The eligible real estate or financial investment is finalized, and payments are made through official banking channels.
Application submission: The application file is submitted to the Latvian Office of Citizenship and Migration Affairs (OCMA/PMLP) or through a foreign representative office, depending on the circumstances.
Assessment period & fees: Standard and expedited processing options are available, along with the applicable government fees.
Biometrics & residence card: Fingerprints and photographs are taken, and the residence permit card is issued.

Renewing and Keeping Your Golden Visa

While you obtain Latvia residence by investment with a Golden Visa, you must follow the program’s requirements to protect your residency permit. Here are the documents required for the renewal process:

  • Documents showing that your investments are still valid
  • Health insurance
  • Clean criminal record

As long as the renewal requirements are regularly fulfilled, the Golden Visa can be extended smoothly, and this process forms the basis for applying for permanent residence and citizenship in the following years.

Latvian Citizenship

After obtaining a residence permit, the applicant may apply for permanent residence after 5 years. To qualify for permanent residence, the applicant must have resided in Latvia for 4 of the 5 years and must have successfully passed a basic Latvian language examination at A2 level. The applicant must also demonstrate proven knowledge of Latvia’s general history and national anthem.

Frequently Asked Questions

1How long does it take to obtain a residence permit with the Latvia Golden Visa?
The application process is completed on average within approximately 3 months. The residence permit is issued for 5 years at the initial application stage, and the residence card is renewed annually.
2Which investment option is the most preferred?
The most popular option is a real estate investment of at least EUR 250,000. This model offers both accessibility and a long-term investment opportunity. You can buy a property in Latvia and get residency.
3Can my family be included in the application?
Yes. Your spouse and children under the age of 18 may be included in your application and benefit from the same rights.
4Is there a minimum stay requirement under the Latvia Golden Visa?
No. There is no minimum stay requirement to maintain the residence permit. It is sufficient to travel to Latvia once per year for the renewal of the residence card.
5Which countries can I travel to with the Latvia Golden Visa?
Holders of the Latvia Golden Visa may travel visa-free to all countries within the Schengen Area.
6What are the living costs in Latvia?
Latvia has a relatively low cost of living compared to the European average. The average monthly living expenses for a single individual or a student are approximately EUR 800–1,000.
7Does the Latvia Golden Visa provide a pathway to citizenship?
If you are wondering how to get a Latvian citizenship, here is your answer;
  • After 5 years, an application for permanent residence may be submitted.
  • At the end of 10 years, citizenship may be applied for, provided that the applicant has resided in Latvia for at least 6 months per year.
  • Applicants are required to demonstrate Latvian language proficiency at A2 level and possess basic knowledge of Latvian history and the national anthem.
    • 8Where is the residence card issued and collected?
    Residence cards are not issued at embassies. After the application is approved, the applicant must enter Latvia to complete the final procedures and collect the residence card. For this reason, travel to Latvia at least once per year is required.

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