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.