Frequently Asked Questions about Latvia

 

Is Latvia a schengen country?

Yes

 

How long are the residence permits valid for?

It depends on the investment, TRP’s are issued for maximum of 5  years.

 

What is the permit issued for government bonds or real estate?

Temporary residence permit TUI valid for 5 years.

 

Do you have bank deposit option?

Yes bank deposit option of EUR 300,000 also qualify for golden visa with permanent residence.

 

What is the currency in Latvia?

Euro

 

How many years required for permanent residence card?

5 years residence with uninterrupted stay in Latvia (not absent for more than 6 months)

 

How many years to naturalise for citizenship?

Ten years. You must speak latvian language, no criminal record and fully integrate to culture

 

Is free movement in schengen area possible with latvia residence cards?

Yes Latvia signed schengen agreement and EU member state. You may stay in schengen stay for maximum 90 days in 180 day window period.