Latvia is a beautiful Baltic state has got attraction of investors seeking an affordable EU residence option. Latvia residence by investment starts from a business investment of €50,000 with additional costs. Along with business investment, the total cost for Latvia Golden Visa remains under €100,000, and that makes the Latvia Golden Visa most affordable option in Europe. Benefits of Latvia residence by investment includes visa free travel to Schengen states, residency for 5 years with family and possibility of citizenship.
What is Latvia Residence by Investment?
The Latvia Golden Visa also known as Latvia residence by investment allows foreign investors to gain residency in Latvia through various investment options. As a member of the EU, Latvia offers multiple advantages to investors and their families, including access to one of the world’s largest and most open economic markets. The program attracts high net worth individuals to contribute to the economy of Latvia and in return get right to live, work and do business in the country. The investment program is open only for citizens who are not from European countries, not a citizen of EEA or not from Switzerland.
Benefits of Latvia Residence by Investment
Latvia residence by investment opens door to a new way of living, business expansion, travel freedom and a Plan B that leads to Latvian citizenship. Here are the details of benefit of Latvia Golden Visa by investment:
Schengen Visa Free Travel
Main applicant of Latvia residence by investment and dependent family members can travel visa free to all 29 Schengen states.
Latvia Residence with Family
Investors to Latvia residence by investment can include dependent family members including spouse, children, parents and grand parents. The residence is for 5 years and is renewable for further 5 years if investors maintain their investment.
Latvia citizenship
Latvia Golden Visa is a pathway to Latvia citizenship by maintaining residence for 10 years. Latvia passport visa free travel include 184 countries and destinations.
Access to Healthcare
Latvia residence investors can avail best healthcare facilities in country.
Access to Quality Education
Latvian universities are known for their quality education system and affordable fee. You and your family members can avail this golden opportunity.
Latvia Residency by Investment Options
To qualify for the Latvia Residency by Investment program, applicants must make one of the following investments:
Real Estate Investment
Invest in Latvian real estate with a minimum value of €250,000, along with a government fee. This investment can be in residential, commercial, or industrial property, providing a stable asset for the investor. You need to maintain the investment for 5 years to maintain the residence status.
Investment in a Latvian Business
Invest at least €50,000 in a Latvian company and contribute to the local economy. This can be in the form of equity investment or in supporting an existing enterprise that is paying at least €40,000 in taxes annually.
Capital Investment in Government Bonds
A more flexible route is to invest at least €250,000 into non-interest government bonds.
Bank Deposit
You can also choose bank deposit of €280,000 as your option to get Latvia residence by investment.
The Application Process
Latvia Golden Visa residence requires the following process:
Preliminary Approval
Latvia residence by investment process starts with application submission along with proof of investment proof in your chosen option, i.e. business investment, real estate, government bonds or bank deposit
Temporary Residence Permit
After approval and due diligence clearance, investor will be granted a temporary residence permit, usually valid for one year and can be renew.
Permanent Residency and Citizenship Application
After holding temporary residency for five years, you can apply for permanent residency (PR). Following an additional 5 years as a permanent resident in Latvia, you are good to claim Latvian citizenship by naturalization, provided you meet the language and other requirements.
Latvia Passport Visa Free Countries
As per Henley passport index, Latvia passport visa free countries include 184 countries including European countries, UK, Japan, Malaysia, USA, Canada and UAE. This makes the Latvia passport 10th most powerful passport in 2025.
One of the most significant advantages of obtaining Latvia citizenship is the ability to travel visa-free to over 180 countries, including the U.S., Canada, Australia, and much of Europe. With a Latvian passport, you can enjoy greater travel freedom than many other nationalities, providing valuable opportunities for business, leisure, or personal matters.
Buy Latvia Passport by Investment
You can get the Latvia passport via Second Passport Expert and relocate to a new country where you can live, work, do business or simply enjoy the new lifestyle. Latvia is the most in demand Golden Visa program with lowest processing time among all European residence by investment programs.