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Latvia | EU Golden VISA
Secure residency in Latvia with expert-led guidance
Starts at €60,000
EU Visa Free
6 Months Processing Time
latvia | Starts at €60,000 | EU Visa Free
Essential Information
Country: Latvia
Capital: Riga
Population: 1.8M
Language: Latvian
Timezone: GMT+2
Currency: Euro (EUR)
VISA Free Access: EU VISA Free
Program Started: 2010
Program Overview
Latvia’s Golden Visa is the EU’s most accessible residency solution, starting from just €60,000.
Launched in 2010, it provides a fast-track entry into the Schengen Zone without complex requirements or lengthy processing. Located in Northern Europe, Latvia combines digital innovation, low cost of living, and EU membership — all with a clean, streamlined application process.
Residency permits are typically issued within 4–6 months, granting full Schengen mobility and the option to include your spouse, children, and dependent parents.
Investment & Pricing Options
Latvia offers three government-approved routes:
€50,000 in a Latvian business + €10,000 state fee
€250,000 in real estate, plus 5% tax
€280,000 in bank deposits (5 years) + €25,000 fee
Each path includes a 5-year renewable residence permit.
Use our Quote Calculator to download itemised pricing across all routes, compare total family costs, and find the right option for your investment strategy and goals. All quotes are fully transparent and instantly downloadable.
Eligibility & Dependents
Applicants must be 18+, with a clean criminal record and sufficient annual income (€15,480+). You’ll need:
Valid passport
Proof of investment
Medical check & insurance
Source of funds documents
The application can include a spouse, minor children, and dependent parents. There are no language tests or education requirements to apply. Once approved, you’ll receive a 5-year residence card, with flexible renewal options. Latvia’s low barrier to entry makes it one of the simplest entry points into the EU.
Application Timeline & Process
Latvia’s process is fast and predictable.
Select investment route
Finalise investment & gather documents
Submit application via embassy or in-country
Complete biometrics and receive approval
Residence permit issued within 4–6 months
No physical relocation is required, and the process can be completed remotely with minimal disruption to your life. FFB manages the entire process — from business setup and real estate sourcing to file preparation, translations, and full legal submission.
Why choose Latvia?
Latvia offers favourable tax conditions, particularly for non-residents. Individuals are only considered tax residents if they spend 183+ days per year in Latvia or declare it as their permanent home.
Non-residents pay no tax on foreign income, and Latvia does not impose wealth or inheritance taxes for direct heirs. Residents are taxed at progressive personal income rates from 20% to 31%, with capital gains and corporate tax both at a flat 20%. Double taxation treaties with over 60 countries add further protection.
What Are the Procedures and Timeline for the Latvia Residency by Investment Program?
The Latvia Golden Visa process typically takes 4–6 months. After onboarding, Free From Borders supports you through due diligence, investment execution, and submission to the Latvian authorities. Once approved, you’ll visit for biometrics and medical. The residence permit is valid for 5 years, renewable, and leads to permanent residency after 5 years of physical residence.
Can I retain Latvia residency while keeping my current passport?
Absolutely. Latvia's Golden Visa grants residency only, so you’ll maintain your current citizenship without any impact. Dual citizenship only becomes relevant if you pursue naturalisation, which is optional and long-term.
Legal Basis for Latvia Residency by Investment:
The Latvia Residency by Investment Programme is governed by Immigration Law Sections 23, 24 & 25, outlining conditions for temporary and permanent residence permits based on business investment, real estate, or financial deposits.
Which countries can I travel to in the EU with a Latvia residency permit?
With Latvian residency, you can travel visa-free to:
Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland.
We advise consulting with your Free From Borders advisor for the most up-to-date information at the time of your application. We are not responsible for any changes to the above that occur during or after your application is completed, as these changes are beyond our control and at the discretion of foreign governments' border policies.
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