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Latvia Golden Visa - Residence Permit

→ EU Citizenship → LATVIA GOLDEN VISA PROGRAM

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Overview - Latvia Golden Visa

The Latvia Residence by Investment Program, or Latvia Golden visa, is one of the fastest and most competitive programs in Europe. The program was launched on 1 July 2010 by the Latvian government as an initiative to sustainably overcome the economic crisis of 2007–2009. Five years after the program’s launch, Latvia’s economy received more than EUR 1.3 billion, of which more than EUR 1.1 billion was generated from the purchase of real estate by foreign investors.

According to the qualification requirements, foreign nationals may apply for a residence permit in Latvia by committing funds into the equity capital of a Latvian company, making a subordinated loan (deposit) in one of the Latvian banks, or through the purchase of interest-free government bonds determined for special purpose.

Benefits of the Latvia Golden Visa

  • Latvia Passport - The Latvian Passport is ranked 7th, in the Henley Passport Global ranking for 2026, and it allows Visa Free access to 183 Countries, including Europe's Schengen Area.
  • Flexible Stay - No minimum stay required to be eligible for the residence permit renewal
  • Low entry thresholds compared with other EU investor visas
  • Fast-track application procedure
  • Russian widely spoken
  • Excellent transport links with Russia and other EU member states
  • Fast processing, usually 1–3 months
  • Eligibility to apply for Citizenship after 10 years of legal residence

In 2026, apply for High-Net-Worth Immigration to Latvia and acquire a Latvian Residence Permit by Investment through Property Real Estate purchase in Latvia, Equity Capital or Business Investment or Investment in Government Bonds. The Latvia Residency by Investment Program allows the applicant and their family to live in Latvia, which is a Member of the EU and Schengen Area Country!

Contact VisaConnect's Consultants and our Latvian Consultants and Latvian Immigration Lawyers by telephone, video call or make an office appointment in our offices in Sydney, Australia and Singapore, Hong Kong and London, UK.

Latvia Investment Requirements

To obtain a residence permit through the Latvia Residence by Investment Program, applicants are required to fulfill the following requirements:

1. Equity Capital Investment - commit EUR €50,000 into the equity capital of a Latvian company, provided that:

  • Fewer than 50 employees
  • Turnover under €10 million

2. Premium Business Investment – Designed for established companies exceeding standard thresholds. This investment of €100,000 offers a streamlined and prestigious route into the EU market:

  • The company annually pays at least EUR 40,000 in taxes
  • Make a one-time payment of EUR 10,000 to the state budget

 

3. Government Bonds – €280,000 Investment into Government Bonds. This route suits investors who want minimal involvement:

  • Minimum €280,000 in subordinated bank capital or specific government financial instruments
  • Investment must be held for at least 5 years

4. Real Estate Purchase - Applicants can acquire real estate property in Latvia to the value of at least EUR 250,000:

  • Buy One Property worth at least €250,000 in Riga or Jurmala
  • Pay a state fee equivalent to 5% of the real estate price.

NOTE: On 11 June 2026, Latvia’s Saeima (Parliament) passed a (Imigrācijas likums) to replace the statute that has governed foreign residence since 2002, and close the Real Estate Investment Option.

5. Proposed €150,000 Fund Route - Proposal dated 11 June 2026 of new Investment route, which is not yet in force. To be eligible, an Investor must sign a contract of transfer for:

  • An investment of at least €150,000 for no less than five years to a state-created alternative investment fund manager and
  • Make a payment of €10,000 into the State budget

Investor Eligibility Criteria

To be eligible for the Latvia Golden Visa, Applicants must comply with the following criteria:

  • Hold a clean criminal record
  • Be a non-EU, non-EEA, non Swiss citizen
  • Prove a legal source of funds
  • Maintain the investment during the complete residence period
  • Hold valid health insurance while residing in Latvia

Residence Permit Requirements

See the Lavia Residence Investor requirements below:

  • Family members (spouse and children under 18) can apply together
  • Approved investors must visit Latvia within 3 months to collect their ID card
  • The residence permit is valid for 5 years and can be renewed annually
  • No Residence requirements in Latvia, in order to renew the Residence Permit

Latvia Permanent Residence

After 5 years, applicants can apply for permanent residence i they have provided thatthey have:

  • Resided in Latvia for 4 of those years
  • Passed the Latvian language (Level A2)
  • Demonstrated knowledge of Latvian history and the national anthem

Latvian citizenship requires renouncing previous citizenship, with some exceptions.

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FAQ - Frequently Asked Questions

Do you provide a FREE Latvia Residency Assessment?

Yes, Free Latvia Golden Visa eligibility Assessment by email or phone call.

Do Lawyers submit my Golden Visa application?

Yes, your application and all legal assistance is done by our experienced team of Latvian qualified Lawyers, with the support of an Admin team and Case Managers.