Latvia
Latvia
Latvian Golden Visa
Access to the Schengen Zone
Enjoy visa-free or visa-on-arrival access to over 140 countries, including popular destinations like the Schengen Area, the UK, Hong Kong, and Singapore. This opens doors to seamless international travel for business and leisure.
Pathway to Citizenship
The Latvia Golden Visa offers a potential path to permanent residency and even citizenship after fulfilling certain residency requirements, opening doors to broader rights and benefits within the European Union.
Fast and Streamlined Residency
The Latvia Golden Visa program offers a fast and straightforward path to residency, allowing investors to secure their status in as little as a few months, giving you and your family stability and security in a European Union country.
Family-Friendly Benefits
The program extends its benefits to your entire family, allowing your spouse and dependent children to also receive residency, granting access to Latvia’s high-quality education, healthcare, and overall quality of life.
Minimal Stay Requirements
Unlike many other residency programs, the Latvia Golden Visa requires minimal physical presence, offering you flexibility in maintaining your lifestyle and commitments elsewhere while still benefiting from EU residency.
Affordable Investment Options
Latvia provides a range of appealing investment options, where investors can apply to Latvian Government approved companies, allowing you to diversify your portfolio while securing a valuable residency status.
Investment Distribution
Investor
The Reserve Bank of Vanuatu will issue 500 zero-interest treasury bonds denominated in Australian dollars. The minimum investment amount varies according to the bond category: 180,000 AUD+ (≈ $121,800) — for 24-month bonds; 170,000 AUD+ (≈ $115,000) — for bonds with a duration of 30 months; AUD 150,000+ (≈ $101,500) — for bonds with a 36-month maturity.
Spouse
The Reserve Bank of Vanuatu will issue 500 zero-interest treasury bonds denominated in Australian dollars. The minimum investment amount varies according to the bond category: 180,000 AUD+ (≈ $121,800) — for 24-month bonds; 170,000 AUD+ (≈ $115,000) — for bonds with a duration of 30 months; AUD 150,000+ (≈ $101,500) — for bonds with a 36-month maturity.
Children Under 18 Years Old
The Reserve Bank of Vanuatu will issue 500 zero-interest treasury bonds denominated in Australian dollars. The minimum investment amount varies according to the bond category: 180,000 AUD+ (≈ $121,800) — for 24-month bonds; 170,000 AUD+ (≈ $115,000) — for bonds with a duration of 30 months; AUD 150,000+ (≈ $101,500) — for bonds with a 36-month maturity.
Investment Options
Government Approved Company Options
€50.000
Alternatively, you can invest in a Latvian company under the Latvia Golden Visa Program, requiring a minimum investment of €50,000. This investment not only grants you residency but also positions you as a shareholder in a thriving European economy. The Latvian business landscape is known for its strong growth potential, especially in sectors such as technology, manufacturing, and real estate, making this a profitable option for investors looking to diversify their portfolio while gaining residency benefits.
In addition, a government fee of €10,000 applies, and this investment must be maintained for at least five years. The Latvia Golden Visa program offers significant value by allowing you to benefit from both the returns on your investment and access to the entire Schengen Area for visa-free travel.
The program’s due diligence process ensures that your investment is safeguarded by a transparent and reputable system. While legal and processing fees vary, the cost is outweighed by the potential for capital appreciation and business growth in a stable, EU-backed market. This opportunity allows investors to gain residency in a fast-growing European country while participating in a business environment ripe with opportunity.
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Investor On-Boarding & File Preparation
The process begins with the service agreement between the investor and GMC outlining the process and duties and guarantees given by GMC.
Upon the service agreement, GMC Legal Team and compliance team begins the file preparation with the investor, forming the application file. Collecting the document, translations, notarisations, apostilles etc.
3-6 weeks
Investment, Application & Processing
Once the file is prepared and completed and made ready for application by GMC Legal and Complience team, then the share agreement between the chosen company and the investor is prepared signed and the shares of the company is purchased for the investor.
Then GMC Latvia team receives the file to submit it to Latvia Immigration Authority. Then the processing starts with the Immigration Office.
6-9 weeks
Due Diligence and Approval
RIU (residency investment unit) after receiving the file submission, starts off with the due diligence for the applicants. After the Due-Diligence is done, then the RIU checks the documents, and if all is complete, the pre-approval is given.
After the pre-approval, government budget fund provides a receipt for the donation amount to the main applicant. Once that is paid, Golden Visa is approved and given.
9-12.weeks
Golden Visa Card Receival
After the approval for the golden visa is gotten. Applicant and the rest of the family needs to go to Latvia. Once there, GMC Latvia team assists the investor to give the biometrics, and a tuberculosis test for the Golden Visa card. After biometrics and tuberculosis are given, then the cards are issued within a week and cards are delivered.
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Frequently Asked Questions
What is the Latvia Golden Visa Program?
The Latvia Golden Visa Program is a residency-by-investment program that offers non-EU nationals the opportunity to obtain Latvian residency by making a qualified investment in the country. It allows visa-free access to the Schengen Area and a potential pathway to permanent residency and citizenship.
What are the main investment options for the Latvia Golden Visa?
There are several investment routes available, including investing a minimum of €50,000 in a government-approved Latvian company. This option is particularly attractive for those looking for both residency and potential business returns, as Latvia’s economy is growing, especially in sectors such as tech, real estate, and manufacturing.
Is there a real estate investment option for the Latvia Golden Visa?
Yes, there is a real estate investment option, but it requires a higher minimum investment, typically €250,000 or more. However, real estate in Latvia may not provide the best returns due to slower property appreciation and limited rental income potential compared to other European markets. Investing in a government-approved company is often seen as a more profitable and flexible route, offering both residency and potential business growth.
What are the benefits of investing in a Latvian company?
Investing in a Latvian company under the Golden Visa program provides several benefits. You can support and participate in a thriving business environment, particularly in sectors such as IT, manufacturing, and real estate development. This investment offers potential financial returns while securing residency and access to the Schengen Area.
How long does the Latvia Golden Visa process take?
The process to obtain the Latvia Golden Visa usually takes 3-4 months from the time you submit your complete application. This includes due diligence, investment approval, and the final issuance of your residence permit.
Do I need to live in Latvia full-time to maintain my residency?
No, the Latvia Golden Visa program has minimal residency requirements. You are only required to visit Latvia once a year to maintain your residency status. This provides flexibility for investors who wish to reside elsewhere while still enjoying the benefits of Schengen travel and Latvian residency.
Can my family members be included in my Latvia Golden Visa application?
Yes, the Latvia Golden Visa extends to your immediate family, including your spouse and dependent children below 18 years old. They will also be eligible for residency and enjoy the same benefits, such as visa-free travel within the Schengen Area and access to Latvia’s high-quality healthcare and education.
What are the tax implications of obtaining the Latvia Golden Visa?
Latvia operates on a territorial tax system, meaning you are only taxed on income earned within Latvia unless you become a tax resident by living there for more than 183 days per year. This offers flexibility for global investors who wish to maintain tax residency elsewhere while benefiting from Latvian residency.
Is the Latvia Golden Visa a pathway to citizenship?
Yes, after five years of continuous residency, you may apply for permanent residency, and after ten years, you may be eligible to apply for Latvian citizenship. To apply for citizenship, you will need to pass a language and cultural knowledge test and meet other residency requirements.
What is the overall cost of the Latvia Golden Visa?
For the company investment route, the minimum investment is €50,000, with an additional government fee of €10,000. Other associated costs include legal and processing fees, but these are often outweighed by the potential business returns and the value of securing EU residency for you and your family. This investment is a cost-effective and strategic choice compared to real estate, which may require significantly higher initial capital without the same potential for growth.
If a foreign national pays 10,000 euros to the State budget, the bank information will be provided in the decision for granting a temporary residence permit. To acquire a residence permit in the Republic of Latvia, an individual must invest in a company’s capital to boost it or post-establishment, and provide the necessary documentation along with a 10,000 euro payment to the State budget.
If an investment of at least 50,000 Euros is made in a commercial company with no more than 50 employees, the annual turnover or annual balance sheet of the company cannot exceed 10 million Euros. If each foreign investor in the equity capital of a capital company meets the investment criteria and deposits 10,000 Euros into the State budget, temporary residence permits may be granted to up to 10 foreigners.
If the investment is a minimum of €100,000 and is made in a commercial enterprise with over 50 employees, the company’s annual turnover or annual balance sheet must be €10 million.
exceeds
If the investment is made in the equity of a capital company with a minimum of 100,000 Euros and has one or more subsidiaries registered in the Republic of Latvia.
If the transaction is conducted with a company employing over 50 individuals, including its branches, the total annual turnover or annual balance sheet of said company surpasses 10 million Euros.
The following documents are required:
- A verified passport copy (confirmed by the foreigner).
- Official template for applying for a residence permit;
- A photograph;
- A document verifying the required funds (8,400 Euros monthly for adults and 3,500 Euros monthly for minors).
- A document verifying the payment of state fees.
Prior to submitting the documents, the sponsor will validate the invitation letter at the Department of Citizenship and Immigration Affairs.
If a minor child or a child under child support accompanies you, you must provide all the aforementioned documents pertaining to them (excluding the marriage certificate), along with the document validating the relationship and the residence permit of the other parent. These documents must be certified by a notary in the Republic of Latvia or signed in the presence of an official from the administrative body or representative office.