Latvia Golden Visa

Dreaming of a life in Europe? The Latvia Residency by Investment Program offers a direct path to live legally in Europe. This program, often called the golden visa Latvia, helps you get residency in a stable European nation.

Benefits of Living in Latvia

Choosing Latvia has many benefits:

Easy Travel: Go anywhere in the Schengen Area without a visa. This covers 29 European countries.
Lower Costs: Life in Latvia costs less than in many Western European countries. Your money stretches further here.
Good Tax Rules: Latvia has friendly tax policies. For example, company profit tax is 20% only when profits are paid out. There are no wealth or inheritance taxes. You might also save on capital gains from selling shares.
Family Can Join: You can add your husband or wife and your children who depend on you to your application. This works well for families.
Steps to Citizenship: This program can lead to a permanent stay and even Latvian citizenship later on.
Business Friendly: Latvia’s location and economy make it a good spot for running a business.

How to Get Your Latvia Residence Permit

Getting your Latvia residency through investment is a clear process. You pick an investment and follow some rules.

To get a Latvia Golden Visa, you must:

Not be a citizen of the EU, EEA, or Switzerland.
Have no criminal record.
Make an approved investment.
Show you have enough funds.
Have valid health insurance.

Investment Option

You have a few choices for investing:

Latvia Real Estate: Put at least €250,000 into a property in Latvia. You must own this property for at least five years.
Business Money: Invest €50,000 in a Latvian company. This company should have fewer than 50 workers and make less than €10 million each year. It also needs to pay at least €40,000 in taxes each year. If it’s a bigger company, the investment is €100,000. There’s also a €10,000 government fee.
Bank Deposit: Place €280,000 in a Latvian bank account for five years. A €25,000 government fee also applies.
Government Bonds: Buy government bonds worth €250,000. You must hold these for five years. There’s also a €38,000 government fee.

There is no set monthly income you need to prove. But you must show you have enough money to support yourself and your family. You must keep your investment for at least five years to keep your residency. Adding family members costs extra. These costs change based on the investment and how many family members you add. Usually, government and processing fees apply for each person.

Papers You Will Need

Applying for the Latvia residency by investment program, you will need:

A copy of your passport.
Proof of your income being legal.
The filled-out application form.
Passport-sized photos.
Health insurance papers.
A clean criminal record
Proof of accommodation in Latvia.
Proof of your investment.

Marriage and birth certificates (if family is included).

The Application Process

Getting a Latvia Golden Visa usually follows these steps:

Gather Papers: Collect all the needed documents.
Invest: Make your chosen investment.
Apply: Send your application to the right offices. You can do this at a Latvian embassy or directly in Latvia.
Fingerprints: You need to go to Latvia within three months of approval for the biometric registration and get your ID card.
Get Permit: Once approved, you receive a temporary residence permit.

This process usually takes 1 to 3 months.

Duration of Latvia Golden Visa

The Latvian golden visa gives you a temporary residence permit good for five years. You can renew it if you still meet the rules. To keep your permit, you should visit Latvia at least once a year.

Permanent Residency and Citizenship

The Latvian golden visa program first gives you a temporary residence permit. After holding this permit for five years, you can apply for permanent residency. After living legally for ten years, you can apply for Latvian citizenship.

Why Choose VIP Nomads?

VIP Nomads is your reliable partner for moving to a new country. We give clear, simple advice. Our team has great knowledge about European golden visa programs. We make the process easier for you. Our goal is a smooth and successful application. Pick VIP Nomads for assistance on your path to becoming a resident of Latvia.