Residency by investment in Latvia through company/business direct investment scheme .
The investor will become a board member or similar to qualify for residence permit (TRP) valid for five years. This residence permit can be used for free movement in the Schengen area as Latvia is an EU member state and part of schengen area. Family and dependents also receive residence permits.
The total non refundable costs will be around EUR 85,000 payable in installments and it takes 2-3 months to receive your Temporary Residence Permit (TRP).
This is a special immigration option for people who can’t be in Latvia all the time.
Permanent Residence permit (PRP) after 5 years of living in Latvia.