Latvia

Residence | Latvia

About latvia

Latvia is an EU member state situated along the Baltic Coast of Northeastern Europe, sharing borders with Estonia, Lithuania, Russia, and Belarus. It joined the European Union in 2004, became part of Europe’s Schengen Area in 2007, and adopted the Euro in 2014. Its identity, culture, and rich heritage may be seen and felt through its extensive medieval architecture. While its official language is Latvian, Russian is widely spoken across the country. Its population stands at approximately 1.8 million.

Country Information

  • Location: Northern Europe

  • Language: Latvian and Russian

  • Population: 1.8 million

  • Economy: Transport Sector

  • Currency: Euro

Latvia residence by investment

The Latvian Residence by Investment Program was established in 2010, allowing foreign nationals to legally seek a residence through financial contribution, be it through the investment into the equity of a Latvian company, a bank deposit in a Latvian bank, or though the purchase of interest-free government bonds. The applicant for residency may include his spouse and children under the age of 18.

Initially, a temporary residence is issued for five years with an ID renewal required every year. After five years of temporary residence, the applicant and his family may apply for permanent residence status under the conditions that they pass the A2 Latvian language test and show a history of physical residency in Latvia for four out of the five years. Only then, are permanent residence holders eligible to apply for Latvian citizenship, under the condition that they further demonstrate a history of physical residence in Latvia for another four out of five years

Investment Requirements

Options: Share Capital Investment, Real Estate, or Bank Deposit

  • Option 1: Share Capital Investment option starts at EUR 50,000 + Government Contribution starting at EUR 10,000 (Company investment entails a capital investment into a Latvian company which pays an annual tax of no less than EUR 40,000)

  • Option 2: Real Estate option starts at EUR 250,000 + State Fee of EUR 12,500 (5% of property value)

  • Option 3: Bank Deposit option starts at EUR 280,000 + Government Contribution of EUR 25,000 (Bank Deposit entails a capital deposit of no less than five years)

  • All options have additional government and legal fees

Process & time to residence

  • Step 1: Choose & Transfer Investment

  • Step 2: Submit residency application

  • Step 3: Verification and issuance of residency permit

    *Issuance of residence is approximately 1 - 3 months after submission of application

Eligible Dependents

  • Main applicant’s spouse

  • Children under the age of 18

Residence Benefits

  • Most Affordable EU Residence by Investment Program

  • Visa free mobility within Europe’s Schengen area

  • Financial planning, access to EU banking, and no global taxation

  • Investment in an EU country

  • Access to both educational opportunities and healthcare

  • Ability to live, work, and study in Latvia

  • Eligibility for citizenship after ten years of legal residence

  • Family security in global instability

latvia residence by investment program FAQS

  • The Portuguese Residence by Investment Program, commonly known as the Golden Visa, allows non-EU citizens to obtain residency in Portugal by making a qualifying investment. The program offers a pathway to permanent residency or citizenship after five years, without requiring full-time residency in Portugal.

  • Eligibility requirements include:

    • Being a non-EU/EEA/Swiss citizen

    • Having no criminal record

    • Making a qualifying investment in Portugal (fund investment or donation)

    • Meeting the minimum investment thresholds specified by the program.

  • Key benefits include:

    • Visa-free travel within the Schengen Zone.

    • Opportunity to apply for permanent residency or citizenship after five years.

    • Minimal physical presence requirement (only seven days per year on average).

    • Access to Portugal’s high-quality healthcare, education, and business opportunities.

    • Inclusion of family members in the application.

  • The minimum investment depends on the type of investment chosen, such as:

    • €500,000 investment in a fund

    • €250,000 donation in arts or cultural heritage projects

  • The application process typically takes 4 - 6 months from submission to approval, depending on the complexity of the case and processing times at SEF (Portuguese Immigration and Borders Service).

  • Eligible investments include:

    • Company Establishment and Creation of at least 10 jobs in Portugal.

    • Minimum Investment of EUR 500,000 in a qualified Portuguese fund

    • Minimum Donation of EUR 250.000 to a scientific research or cultural projects

  • Yes, Portugal permits dual citizenship. After five years of residency, Golden Visa holders can apply for Portuguese citizenship without renouncing their original citizenship.

  • Golden Visa holders are not automatically subject to Portuguese taxes unless they reside in Portugal for more than 183 days in a year. Portugal also offers the Non-Habitual Resident (NHR) tax regime, which provides significant tax benefits for new residents.

  • Commonly required documents include, but not limited to:

    • Valid passport

    • Proof of qualifying investment

    • Criminal record certificate from the country of origin

    • Portuguese tax identification number (NIF)

    • Proof of health insurance coverage in Portugal

  • Yes, family members, including a spouse, dependent children, and dependent parents, can be included in the application. They will also enjoy the same residency benefits.

  • Residency cards are initially issued for one year and then renewed for two-year periods. Applicants must maintain their investment and meet the minimum stay requirement (seven days per year or 14 days every two years).

  • No, the program requires minimal physical presence. You must stay in Portugal for at least seven days per year or 14 days over a two-year period to meet residency obligations.

  • Yes, the fund investment must be maintained until you obtain permanent residency or citizenship. Afterward, you may potentially get back your investment without affecting your status.

  • Portugal is known for its affordable cost of living compared to other EU countries. Monthly expenses for a family of four can range between €2,000 and €3,000, depending on the city and lifestyle.

  • Portugal’s Golden Visa stands out due to its flexible residency requirements, relatively low investment thresholds, and the ability to gain citizenship in just five years. It also offers access to the Schengen Zone and a high quality of life.

Enquire Today

Aryzen Global assists clients internationally in obtaining residence, citizenship and/or real estate under the respective programs. FIll the form below or contact us directly to arrange a private consultation with one of our expert advisors.

direct contact

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