Key Benefits

• Renewable temporary residence permit (initially up to 5 years) for investor and family.  
• Schengen travel privileges for short stays.  
• Multiple investment routes, allowing flexibility depending on risk profile and capital structure.  
• Comparatively lower investment thresholds than many Western EU programs.  

Investment Options & Exact Minimums

Latvia offers four primary qualifying routes:  

1. Real Estate Purchase
   • Minimum €250,000 in qualifying property.
   • Additional state fee (commonly around 5% of property value and stamp duty).  
2. Bank Deposit
   • Minimum €280,000 placed as a subordinated deposit in a Latvian bank for 5 years, plus a €25,000 state fee.  
3. Government Securities
   • Purchase of government bonds or securities of at least €250,000, plus associated state fees.  
4. Investment in a Latvian Company
   • Investment into share capital of a Latvian company (often from €50,000–€100,000, depending on company size and criteria), with job and tax-payment conditions.  

Eligibility & Requirements

• Non-EU / non-EEA / non-Swiss applicant, at least 18 years old.  
• Good health, clean criminal record, and successful due diligence checks.  
• Confirmed legal source of funds.

Application Process & Timeline

1. Choose investment route and complete investment or legally binding commitment.  
2. Submit residence permit application with documentation.
3. Authorities review eligibility, investment, and background.
4. On approval, receive temporary residence permit (usually 1–5 years, renewable).  

Processing is generally a few months, varying by route and file quality.

Ideal For

• Investors seeking a cost-effective EU residency solution.
• Families wanting Schengen mobility without very high capital commitments.
• Entrepreneurs interested in investing in Baltic or EU-facing companies.

Important Notices

• Latvia’s policy environment can evolve; specific thresholds and fees may be revised.  

These routes provide residency, not automatic citizenship; separate requirements and timeframes apply for naturalisation.