Latvia | Europe – Residency & Citizenship by Investment
Unlock Europe: invest in Latvia and expand your global business horizons! Latvia Business Visa: your gateway to European residency and opportunity. From India to Europe: build your business with Latvia’s Golden Visa.
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Residency & citizenship by investment
Latvia does not have a direct citizenship by investment program, but the investor visa scheme offers a path to Latvian citizenship. Under the investor visa scheme, applicants must first obtain residency. After living in Latvia for 10 years, they can then apply for citizenship after having fully integrated into the local culture.
The Latvian Residency-by-Investment program was introduced by the country’s government in 2010 to attract foreign investment in order to counteract the effects of the economic crisis of 2007. This program is quite popular amongst foreign investors, especially investment in Latvian real estate, because of the low investment amount required.
Program requirements
To qualify for the Latvian Residency-by-Investment program, applicants must:
- Be aged 18 years or older
- Have no criminal record
- Meet minimum income requirements to support themselves and their dependents
- Have health insurance for themselves and their dependents for at least one year after the residence permit is granted
Investment options
There are several options available to investors to obtain a residence permit of Latvia. These include:
- The purchase of real estate with a minimum value of €250,000, plus a one-time payment of 5% of the purchase price to the state budget, holding this investment for 5 years, OR
- The investment of €280,000 in the subordinated capital of a Latvian bank for a period of five years, plus a one-time payment of €25,000 to the state budget, OR
- The investment of €50,000 to €100,000 in the equity capital of a Latvian company (depending on the size of the enterprise), plus a one-time payment of €10,000 to the state budget, OR
- The purchase of special-purpose interest-free bonds at a nominal value of €250,000, plus a one-time payment of €38,000 to the state budget. The entire investment is guaranteed and refunded by the Government after five years.
Investment in real estate is by far the most popular and affordable option for foreign investors.
Advantages of Latvia Business Visa
- 01
Indefinite residency and work rights in Latvia.
- 02
Include your spouse and children under 18 in the same application.
- 03
High-quality education and healthcare, with free education for children.
- 04
Quick processing time – typically within 90 days.
- 05
Free travel across the Schengen zone for up to 90 days every six months.
- 06
No physical residency requirement to maintain your status.
- 07
Opportunity to start a business in Latvia.
- 08
No requirements for language, education, or management experience.
- 09
Right to apply for PR and citizenship in 5 and 10 years respectively.
Brochure
Download Latvia Business Visa program brochure & PPT
Ajmera Law International
Ajmera Law International – Trusted immigration lawyer in India
Ajmera Law International (ALI) is a boutique law firm dedicated exclusively to business immigration programs across multiple countries worldwide. We assist successful families like yours in planning their child’s foreign education and settlement through legal, strategic, and economical means. We facilitate Golden Visa applications for European countries like Portugal, Greece, Latvia, Malta and Cyprus by collaborating with leading real estate developers and prominent European immigration lawyers.
Ajmera Law International
Meet our founders
The principal founder of Ajmera Law International, Prashant Ajmera, is a seasoned Indian immigration lawyer, a Canadian citizen, and an NRI with over three decades of experience in immigration and visa consultancy, dating back to 1993 and author of two books on the subject. Mr. Ajmera is a member of the International Bar Association and collaborates with leading law firms, real estate developers, and professionals across Europe. Fun fact: back in 1988, Mr. Ajmera travelled extensively across Europe by train, gaining first-hand knowledge and cultural exposure that enriches his global perspective.
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