Latvia is a small European country in the Baltic region in the northern part of Europe. Latvia is part of the European Union and its nationals are allowed freedom of movement across the EU. Latvia offers a 5-year residence permit to third-country nationals that invest in the country. Applicants are allowed to bring their spouse and children under the age of 18 years old. The application process is relatively quick and application fees are small for the residence permit.
Application fees: 150 Euro / 300 Euro / 450 Euro
Processing time: 30 / 10 / 5 working days
Permanent residence is possible after 5 years of residence in Latvia. Naturalization into Latvia citizenship is possible after 10 years, which must include 5 years of permanent residence. The Latvia passport is one of the best in the world.
This option applies to a person that in Riga or Jurmala, or in Adazi, Babite, Baldone, Carnikava, Garkalne, Ikskile, Kekava, Marupe, Olaine, Ropazi, Salaspils or Stopini municipalities has purchased and that owns one functionally related real estate property (with exception of the cases when the immovable property represents a vacant land) with buildings and the total value of the real estate is at least EUR 250,000, or outside the said administrative territories – no more than two immovable properties (with exception of the cases when the immovable property represents a vacant land) and each of them represents one functionally connected immovable property, the total value whereof is at least EUR 250,000.
This option applies to a person who has invested in the share capital of a company for the purpose of increase thereof or who has invested in the share capital of a company upon founding of a new business company, and has paid EUR 10,000 into the state budget:
The investment is at least EUR 100,000 and it has been performed in the equity capital of a capital company, which together with one or several subsidiaries registered in the Republic of Latvia employs more than 50 employees and total annual turnover or annual balance thereof exceeds EUR 10M.
This option applies to a person who acquires interest-free government bonds determined for special purpose with the nominal value of EUR 250,000. Acquisition of interest-free government bonds shall be done after a positive decision has been made on granting a temporary residence permit (further information will be provided in the decision on granting a temporary residence permit). When receiving a first-time temporary residence permit, the recipient shall make a payment in the state budget of EUR 38,000 (particulars will be provided in the decision on granting a temporary residence permit).
This option applies to a person who has subordinate liabilities toward a credit institution of the Republic of Latvia in the amount of at least EUR 280,000 and the term of the transaction entered into with that credit institution is at least 5 years. Upon the receipt of the first temporary residence permit, the applicant must pay 25,000 EUR into the state budget (the bank details are to be given in the decision on granting the temporary residence permit).
Get more information on the government website.