Latvia investor visa from €50,000
Latvia is a baltic EU member state. The country is also a member of schengen agreement. The currency is Euro. Latvia has cheap very affordable costs of living compared to other european countries. Latvia has extreme cold weather in winter and cool summers. The main industry in Latvia is processed foods, textiles, machinery and equipment. The currency is Euro. Latvia has good real estate market in the capital Riga. Latvian and russian are widely spoken languages in the country.
Latvia offers the cheapest and most affordable investor visa schemes in Europe. Investors with their family members receive long term residency through business investment with free movement in the Schengen area.
- Instant 5 years Residency
- Biometric ID cards issued for 1 year. Renewable each year.
- No minimum stay required
- Visa free travel in the EU Schengen Zone
European Residency including work permit, commercial activities, and free travel in the Schengen Zone in just 2 to 4 months depending on Nationality. The Latvia temporary residence permit is extendable after 5 years
EUR 50,000 non refundable Company Share Investment.
- EUR 10,000 Government State fee
- EUR 30,000 Security checks, legal fees, processing fee (ask for a financed option)
The investment can be paid in stages and spread over 5 years, making it affordable for entrepreneurs and small business owners to immigrate to Latvia.
Real estate or Bonds
There are other high tier investment options such as bank deposit, government bonds/stocks which require EUR 250,000 plus costs. The Company share option is the cheapest.
2-4 Month processing time depending on Nationality
How to apply?
- Pay the initial advance
- Sign a contract committing to the investment
- Make the investment
- Apply for D visa at Latvian embassy/consulate in your consulate with the investment papers
- Visit Latvia and collect your residence permit.
If you have already a schengen visa, you can visit the migration office in Latvia to collect your residence permit.
Family members – Spouse, Parents and Children up to 18 years of age are included and even longer if they are not marred and still depending on the parents. Relatives can be invited up to second degree relations.
Clean Criminal record from the country of residency, clear funds in a private account and over 18 years of age are the main requirements to qualify for the Latvian residency program.
The permanent residency card is issued after 5 years of uninterrupted living in Latvia.
Naturalization for Citizenship
Citizenship is possible after 10 years of living, speaking latvian, paid taxes and healthcare, integration to latvian culture and history.