Latvian Golden Visa Program
The Latvian Golden Visa Investment Program is the most cost-effective EU Golden Visa program on the market. The program has been around since 2010 and was traditionally popular with Russian and Vietnamese Investors. However, on a global scale, it is much less well-known than other golden visa programs making it a hidden gem in the world of investment migration.
Investors and their dependent family members who qualify for the program are awarded with 5-year residency permits giving them the right to live in Latvia and travel freely within the Schengen Area. Latvia Investor Visa holders must visit once per year to renew their residency cards. However, they are not required to live in the country full-time. Those who do live in the country and learn the language will be eligible to apply for Permanent Residency after 5 years and citizenship after 10.
See also: Latvia Golden Visa: The Ultimate Guide for Investors
Latvian Golden Visa Investment Options
The Latvia Golden Visa program provides these investment routes:
- Real Estate Investment: Invest a minimum of €250,000 in Latvian real estate.
- Bank Deposit: Deposit at least €250,000 into a Latvian bank account.
- Government Bonds: Invest a minimum of €250,000 in Latvian government bonds.
- Capital Shareholder Investment: Invest €50,000 in a Latvian company that pays at least €40,000 in annual taxes, plus a €10,000 state fee.
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Why Invest in Latvia?
Latvia is a progressive European nation with a competitive tax regime and a buzzing tech start-up scene. The country is projected to grow faster than most other European Union nations over the next couple of years and thanks to its friendly government policy and lack of red tape the country presents many opportunities for entrepreneurs.
Strategic Location: Latvia is strategically located on the Baltic Sea between Lithuania and Estonia. The country has fast access to Scandinavia, Russia, and the rest of Europe.
Crypto-Friendly and Fintech-Savvy: Latvia is considered both Crypto and Fintech-friendly as a whole. The population is fintech savvy and the government has a progressive approach to digital currencies with goals to position itself as a leader in digital innovation in Europe and for blockchain and cryptocurrency enterprises. The “Crypto Asset Services Law,” was introduced in June to provide a clear regulatory framework to foster growth and attract investment.
Rising Real Estate Market: The capital of Latvia is seeing strong growth in its real estate market driven by tourism, foreign investment, and economic expansion. There are good opportunities for investment in both the residential and commercial real estate sector.
Thriving Startup Scene: Latvia has a robust startup ecosystem and is performing well and establishing itself as a player in the industries of fintech, IT, and manufacturing. There is an extensive range of business incubators to foster this growth.
Skilled Workforce: Latvia has a well-educated, multilingual, and skilled workforce. There is a strong talent pool, particularly in Riga which add to the appeal of Latvia as a destination for your business.
EU & Schengen Access: As discussed, investors can qualify for the Latvia Golden Visa Program and enjoy the benefits of living in the European Union with visa-free access to all 29 Schengen countries.
Skilled Workforce and Innovation: Latvia’s well-educated, multilingual workforce, especially strong in tech and finance, supports innovation and high-growth sectors.
Investment Diversification: A Latvia Golden Visa Investment naturally provides international diversification.
The most cost-effective pathway to residency of any EU golden visa program. Invest €50,000 into a Latvian company and be eligible to apply for the Latvian investor visa. 
Find out more2% Annual Returns and Guaranteed BuybackMetal Construction Company €50,000 Investment
Investors can qualify for the Latvia Golden Visa program with €50,000 investment into this 15-year-old established metal construction business. A 2% yield per annum and a buyback after 10 years are on offer.Book A Presentation
Find out moreGuaranteed Buyback and 2% Annual ReturnsPremium Car Dealerships Ownership from €50,000
A Latvian luxury car dealership specialising in premium-class vehicles with over a decade of experience. The company has forged a solid reputation for delivering exceptional service and offering only the highest quality vehicles to its discerning clientele. Book A Presentation
Find out moreGuaranteed Buyback and 2% Annuao ReturnsLatvian Fish Factory Investment
As a forward-thinking company poised for substantial growth in the booming global fish market, the Latvia Fish Factory invites investors to participate in its success story. All the while enjoying the added advantages of a secure investment pathway and long-term financial stability.Book A PresentationFAQ Frequently Asked Questions
What is the total cost of the Latvia Golden Visa Program
The Latvia Golden Visa investment minimum threshold under the capital shareholder option is €50,000. However, on top of this investors are required to pay a state fee of €10,000 to the government. Legal fees range between €15,000 to €25,000, so between €75,000 and €85,000 is required.Does the Latvia Golden Visa lead to permanent residency or citizenship?
Those who live in Latvia full-time for 5 years can apply for permanent residency. 5 years after that it is possible to apply for citizenship. However, emphasis must be placed on the importance of living in the country and genuinely learning the language and culture.Can I invest €50,000 in any company and apply for the Latvian Investor Visa.
No, to be an eligible investment the company that you invest in must be paying a minimum of €40,000 of taxes per annum. For this reason, we have curated a list of eligible investment opportunities which meet the requirements. Contact us for more options.If I set up my own company and invest €50,000 into the business will this be an eligible Latvia Golden Visa investment opportunity?
No, in the vast majority of cases, this would not suffice. Only when the company is paying €40,000 in taxes annually in Latvia would this become an eligible investment.Is there a minimum stay requirement to maintain the Latvia Golden Visa Residency Permit?
There is no official minimum stay requirement stated in the law. However, investors and their family members are required to visit once per year to renew their residency cards.Can I work in the European Union under a golden visa residency permit?
You will be able to work in latvia only, upon acquiring your golden visa residency permit.Can I work in Italy under a golden visa residency permit?
Yes, investors and their dependent family members have the right to work in Italy under their residency permits.How long is the Latvia Investor Visa Permit Valid for?
The Latvia Investor Visa permit is valid for 5 years. However, residency card holders mist visit once per year to renew their cards.Will Latvia be changing the requirements from next year?
No official government decision has been issued to change the program. If this happens, based on what has previously occurred with other European Golden Visas, most likely there will be a window of time before changes come into place for investors to finish their application process.What is the annual renewal procedure? How long does it take and what are the costs?
Renewals are included in our service. It must be done directly at the Latvia immigration authority and it takes only a couple of days. Costs are around € 1070,00. Consult our team on the form below for a full breakdown of the costs.Do I need to maintain a home/address in Latvia?
No, only if you wish to acquire Permanent Residency.The latest news from the industryGolden Visa News
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Feel free to reach out to us to request more information on the Latvia Golden Visa Investment options and discuss your application with Lincoln Global Partners.
