Latvia is a country on the Baltic Sea between Lithuania and Estonia known for its strong national identity, diverse culture, modern cities and landscapes ranging from wide beaches to dense, sprawling forests. Latvia’s capital is Riga, home to museums and churches, notable wooden and art nouveau architecture, a vast Central Market and a medieval Old Town.
Latvia Residency By Investment Program
Due to the revolutionary amendments to immigration law, Latvia offers the opportunity to become resident in a Schengen Area member country with minimal bureaucratic requirements.
From May 2010 two new options (buying realty object or banking deposit) were introduced into Latvian legislation. Those options significantly simplified the acquisition of EU-residency for foreign nationals.
Moreover, there is no need to spend any particular time actually residing in Latvia (in case eternal temporary residency is sufficient for you). Physical presence requirement was removed from the legislation with amendments of 2010.
Latvian residence permit allows you to visa-free travel to all Schengen states. A residence permit is initially issued for one year and should be renewed annually. Some other benefits include:
- Temporary to Permanent (after 5 years) Residency Permit allowing travel to the EU Schengen Countries.
- No physical presence required.
- Programs starting from €250,000 Euro’s – Permanent Real Estate Investment OR €300,000 Euro’s Fixed Bank Deposit (5 Years).
- EU Citizenship Applicable through after 10 Years Legal Residence.
Require more information?
We have kept the information on the website brief to provide you with only the common key areas of interest. However, if you would like more detailed information about a particular programme please feel free to contact us!
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