VIEN

Latvia residency by investment

Introduction

The Latvia residency by investment programme from Prosperous Living Investment (PLI) supports investors in obtaining a Golden Visa with the lowest investment threshold in Europe, starting from €50,000 EURO – currently the most cost-effective and rapid route to EU residency.
Invest in a business, real estate, government bonds, or a bank deposit, including your spouse and children under 18. A 5-year residence permit, free movement within the Schengen Area, and no requirement for frequent residency. Path to EU citizenship after 10 years.
Introduction to Latvian Residency by Investment

Programme Overview

Investment level

From €50,000 (business) – the most affordable in Europe. Other options: €250,000 (real estate / government bonds), €280,000 (bank deposit).

Processing time

1 to 3 months from the date of full application submission. Business investment applications can be processed in approximately 2 weeks – the fastest among all EU Golden Visa programmes.

Benefits

A 5-year temporary residence permit in an EU and Schengen member state. The right to live, work, and study in Latvia, with free movement throughout the entire Schengen Area.

Residence requirement

No requirement for frequent residency to renew the residence permit. Only an annual ID card renewal is required. Permanent residency (after 5 years) requires a minimum of 4 out of 5 years of residency in Latvia.

Family

Includes spouse and children under 18 in the same application. Financial proof of sufficient funds to support the family is required – €8,880 per year for each dependent.

Citizenship

Eligible to apply for permanent residency after 5 years and Latvian citizenship after 10 years of legal residency. A2 level Latvian language proficiency is required. A Latvian passport offers visa-free travel to over 180 countries.

Benefits of the Latvia Golden Visa

Affordable EU Residency
Latvia offers a pathway to EU residency with the lowest investment threshold in Europe – starting from just €50,000 for business investment. Suitable for investors seeking an EU residence permit without the large capital requirements of Cyprus, Malta, or Portugal.
Free movement in Schengen
A Latvian residence permit allows free movement throughout all 29 Schengen countries for up to 90 days in every 180-day period. Latvia is part of the Eurozone – using the EURO and providing access to the EU single market.
Fastest processing in the EU
Processing time is only 1–3 months, with business investment applications potentially approved in 2 weeks. The process is straightforward, with no interviews and no language requirements at the time of application.
Benefits of the Latvia Golden Visa
Competitive Taxation
Latvia ranks 2nd globally in the 2024 International Tax Competitiveness Index. There is no tax on corporate profits if they are reinvested (0% corporate tax on retained earnings). Tax is only applied upon the distribution of dividends (20%).
Profitable real estate
Rental yields in Latvia average 8% per year – the highest among European real estate markets. Property prices in Riga average €892/m², significantly lower than in Western European capitals.
Low Cost of Living
The cost of living in Latvia is approximately €800 per month (excluding rent) – significantly lower than in Western Europe. Riga is a rapidly developing technology and logistics hub, and English is widely spoken.

Residency by investment pathway

Business Investment

Business Investment

Minimum investment of €50,000 in the share capital of a Latvian company, plus a €10,000 government fee. The company must pay at least €40,000 in taxes per year, have fewer than 50 employees, and an annual turnover of less than €10 million. This is the most popular and affordable option. Fast processing in 2 weeks. Capital can be recovered after 5 years.
Real estate investment

Real estate investment

Purchase of built residential or commercial real estate with a minimum value of €250,000 in Riga or within a 30 km radius. Plus a 5% state fee on the purchase price. The property must be maintained for at least 5 years. High rental yields of 5–8% per year – providing both EU residency and passive income.
Bank Deposit or Government Bonds

Bank Deposit or Government Bonds

Deposit in a Latvian bank: minimum €280,000 in the form of secondary bonds, with a 5-year term, potentially earning interest of up to 3% per year. Alternatively, purchase non-interest-bearing government bonds: minimum €250,000. Suitable for investors who prioritise absolute capital safety and do not wish to manage a business or real estate.

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Programme requirements

Lawful source of funds

Proof of the legal source of all investment funds. Provision of a certificate confirming no global tax debts. Financial records and due diligence reports as required by the Office of Citizenship and Migration Affairs (OCMA).

Investment level

Business: €50,000 + €10,000 government fee. Real estate: €250,000 + 5% state fee. Government bonds: €250,000. Bank deposit: €280,000. Maintain investment for at least 5 years.

Financial proof

Bank account with a minimum balance of €26,640 for the main applicant (or €8,880 if investing in a business), plus €8,880 for a spouse and €2,664 for each child. Proof of ability to support oneself without relying on social welfare.

Accommodation in Latvia

Proof of accommodation in Latvia must be provided (a lease agreement or property ownership documents). If investing in real estate, this requirement is already met. Other options require renting or purchasing a private residence.

Education and language

No requirement for Latvian language proficiency, English language skills, academic qualifications, business experience, or a maximum age limit when applying. Investors must be at least 18 years old. A2 level Latvian is only required when applying for permanent residency or citizenship.

Background and Health

No criminal record. Provision of a criminal record certificate and a medical report. Health insurance meeting EU standards. Not subject to an entry ban to Latvia or the Schengen Area. Citizens of Russia and Belarus are currently ineligible to participate in the programme.

Implementation process

Obtain a Latvian residence permit for the whole family with the team of experts at Prosperous Living Investment.

Consultation and selection

PLI specialists assess financial conditions, residency goals, and family size. Consultation on selecting the most suitable investment option: business, real estate, bonds, or deposit. PLI connects you with immigration lawyers and reputable investment partners in Latvia. Duration: 1–2 weeks.

Complete the investment

Unlike other programmes, Latvia requires the investment to be completed BEFORE submitting the residence permit application. The investor transfers the investment into the business, purchases the property, or buys bonds/makes a bank deposit. Duration: 2–4 weeks.

Preparation and submission of application

PLI coordinates with Latvian lawyers to prepare the application file, including proof of investment, legal source of funds, financial proof, criminal record, medical report, and supporting documents. Submission at the Latvian Embassy or directly at the Office of Citizenship and Migration Affairs (OCMA) in Latvia. Duration: 2–4 weeks.

Approval and Receipt of Residence Permit

OCMA reviews and approves the application. Within 3 months of approval, the investor and their family travel to Latvia to provide biometrics and receive the 5-year ID residence permit. Duration: 1–3 months.

Renewal, permanent residency, or citizenship

Annual renewal of the ID card. After 5 years, if you have physically resided in Latvia for 4 out of 5 years and achieved A2 level Latvian proficiency, you are eligible to apply for permanent residency. After 10 years of legal residency: eligible to apply for Latvian citizenship. A Latvian (EU) passport offers visa-free travel to over 180 countries.
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Effectiveness

There is no one-size-fits-all here. Prosperous Living builds a personal strategy for each file based on financial capacity, business experience and family goals. That strategic approach makes the best use of time and resources and improves the chance of success.

Transparency

Prosperous Living advises within the law, works to a clear process and keeps up with the latest policy from each host government. Every pathway, cost and risk is explained in detail from the outset, so clients can make their investment decision with complete peace of mind.

Professionalism

The Prosperous Living advisory team works to a standard process, coordinating closely between immigration specialists, legal experts and partners worldwide. From assessment and documentation to post-arrival support, every step is methodical and joined up.

Frequently Asked Questions (FAQs)

Below are common questions from clients regarding the Latvia residency by investment programme. If you require more detailed advice, please contact us.
Frequently Asked Questions (FAQs)

From €50,000 for business investment (plus a €10,000 government fee) – the most affordable in Europe. Other options: €250,000 for real estate or government bonds, €280,000 for a bank deposit. Investors only need to choose one option. Programme conditions are as announced by theOffice of Citizenship and Migration Affairs of Latvia.

Processing time is 1 to 3 months from the date of full application submission. Business investment applications can be processed in approximately 2 weeks – the fastest among all EU Golden Visa programmes. The process is simple, with no interviews.

The Latvia Golden Visa includes a spouse and children under 18 in the same application. You must prove sufficient financial means to support the family – €8,880 per year for a spouse and €2,664 per year for each child. Children over 18 cannot be included.

There is no requirement for frequent residency to maintain and renew the residence permit. However, if you wish to apply for permanent residency (after 5 years), the investor must physically reside in Latvia for 4 out of 5 years and achieve A2 level Latvian proficiency.

Business investment (€50,000) is the most popular due to the low investment threshold and fast processing. Real estate investment (€250,000) is also popular due to high rental yields of 5–8% per year and attractive property prices in Riga. The proportion of real estate applications increased from 29% (2024) to 45% (2025).

Latvia ranks 2nd globally in the 2024 International Tax Competitiveness Index. There is no tax on corporate profits if they are reinvested (0% corporate tax on retained earnings). Tax is only applied at 20% when distributing dividends. Personal income tax is progressive at 25.5–33%.

Yes. The roadmap: after 5 years of residency with a Golden Visa – apply for permanent residency (requires 4/5 years of physical presence + A2 level Latvian language). After a total of 10 years of legal residency – eligible to apply for Latvian citizenship. Requires knowledge of Latvian history and culture. A Latvian (EU) passport provides visa-free access to over 180 countries.

The Latvian Parliament is considering amendments to the programme, which may reduce the residence permit duration from 5 years to 2 years for business investments. However, investors who receive their permits under current regulations will retain the full 5-year duration. PLI encourages interested investors to submit their applications early to take advantage of the current conditions.