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Latvia

The Latvia Residency by Investment program offers individuals and their families a pathway to obtain Latvian residency by making a qualifying investment in the country. Successful applicants gain the right to reside in Latvia and travel within the Schengen area. While the program does not lead directly to citizenship, it provides access to various benefits such as visa-free travel and a favorable business environment in the European Union.
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2-4 Months*

TIME TO CITIZENSHIP

Minimum Investment
$ 0 K
Passport Rank
0

Benefits of Latvia Residency

Ability to live, work and study in Latvia.

Visa-free travel within the Schengen member states

Include spouse and children under the age of 18 in application.

  • Citizenship Eligibility: Eligible for citizenship after 10 years of residency. EXPANDING YOUR FREEDOM ABOUT ELEVAY WHO WE ARE EXPANDING YOUR FREEDOM WE ARE CITIZENSHIP AND RESIDENCY ADVISORS COMMITTED TO EXPANDING YOUR FREEDOM. WE HELP OUR CLIENTS UNLOCK THE DOORS TO A LIFE WITH FEWER BOUNDARIES AND MORE OPPORTUNITIES THAT CAN SOMETIMES ONLY COME WITH THE RIGHT CITIZENSHIP AND PASSPORT. Our name is inspired by the French word Élevé, meaning ‘to rise’ or ‘to elevate.’ We are a company dedicated to helping elevate our clients; to connect with the world on their own terms, secure their children’s future, diversify their investments and conserve their wealth. We are a Dubai-based international organization that has over 25+ years of experience in navigating the complex citizenship and residency by investment process on behalf of hundreds of highly satisfied clients. But this isn’t all we do, through years of helping people to get where they want to be, we have also expanded our services and the countries in which we work, delivering on our promise of a world class, reliable service to more people than ever before.
  • Residency RequirmentMandatory stay is not required - must spend at least 1 day per year in the country.
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Investment criteria

To qualify for residency, foreign nationals must complete one of the following investment options:
Option 1

Minimum Investment – 

$
50,000

CAPITAL INVESTMENT

Must make the minimum investment of €50,000 into an existing Latvian company. The company must pay a minimum of €40,000 in tax per year. In addition, the investor must make a one-time payment of €10,000 to the Government of Latvia. The investment may be returned after 5 years.

Option 2

Minimum Investment – 

$
280,000

FINANCIAL INVESTMENT

Must make an investment in the subordinated loan capital of a Latvian credit institution in the amount of €280,000. In addition, the investor must make a one-time payment to the Government ofLatvia of €25,000 following the approval of the residence permit.. The investment must be held for a 5 year period.

Option 3

Minimum Investment –

$
250,000

GOVERNMENT BONDS

Must make the minimum investment in a non-interest bearing government bond. The bond must be held for a 5 year period.

Option 4

Minimum Investment –

$
250,000

REAL ESTATE INVESTMENT

To qualify, the investor must purchase real estate with a minimum value of €250,000. The property may not be sold during the 5 year resident permit.

Option 5

Minimum Investment –

$
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Latvia Snapshot

Country Overview

  • Location: Baltic Region of Europe
  • Capital City: Riga
  • Total Area: 64,589 km²
  • Time Zone: UTC+2
  • Government: Unitary Parliamentary Republic
  • GDP ( per capital): $21,482 USD
  • Currency:Euro (€)

People & Culture

  • Language: Latvian (official), Livonian, Latagalian
  • Religion: Christianity: 64%; None: 35%; Other: 1%
  • Population: 1,842,226
  • Age Structure: 0-14: 15.32%; 15-24: 9%; 25-54: 40.41%; 55-64: 14.77%; 65+: 20.5%;

FAQs

€50,000 in company share capital or other approved routes, plus fees.
5 years, renewable. After this, you may apply for permanent residency.
Yes, spouse and dependent children under 18 may be included.
Residency in an EU country, Schengen freedom.
Bank deposits, government bonds, or real estate may qualify.
Not for temporary residence, but required for citizenship.
No, investment must be maintained for permit validity.
Usually 2–3 months.
Yes, typically 4 months per year in Latvia.

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