There are various possibilities currently to acquire a residence permit in Latvia which is a member state of the European Union and to live freely within the Schengen area and to travel all around other 26 EU member states without visa requirements. Residence permit in Latvia allows nationals from outside the EU to acquire a residence rights in Europe for 5 years and also to bring all their family - spouse and children below 18 years old.

Have you ever considered moving to Europe to do business or simply to travel around and explore? 

There are various possibilities currently to acquire a residence permit in Latvia which is a member state of the European Union and to live freely within the Schengen area and to travel all around other 26 EU member states without visa requirements.

Residence permit in Latvia allows nationals from outside the EU to acquire a residence rights in Europe for 5 years and also to bring all their family - spouse and children below 18 years old. 

Residence permit in Latvia can be acquired using various residence permit programmes currently available:

  • work permits in Latvia (EU Blue Card);
  • investment in real-estate in Latvia;
  • investment in company's sharecapital in Latvia;
  • investment in government bonds;
  • investment in bank liabilities. 

In this article we will explore the work permit in Latvia option or so called EU Blue Card as well as the real-estate and company investment options.

The requirements to acquire an EU Blue Card in Latvia:

  • higher education in a programme not less than 3 years or proven 5 years professional experience;
  • clean criminal record;
  • valid travel document;
  • to start a local business and earn at least 1291 EUR gross salary monthly or to find an employer (everything is included in our service).

The EU Blue Card option is a great option for persons who do not want to work for others and want to start their own business in Europe. It is also a good option for persons who want to relocate and work in another country.

Residence permit in Latvia by investment in real-estate:

  • Purchase of real-estate in Latvia for the value of minimum 250 000 EUR;
  • paid 12'500 EUR state fee;
  • clean criminal record;
  • valid travel document;
  • sufficient funds of living - at least 430 EUR monthly or EUR 5160 per adult to be proven by bank account statement.

Residence permit in Latvia by investment in company's share-capital

  • Investment into Latvian company's share-capital of minimum 50'000 EUR;
  • paid EUR 10'000 state fee;
  • clean criminal record;
  • valid travel document;
  • sufficient funds of living at least 430 EUR monthly or EUR 5160 per adult to be proven by bank account statement.

Residence permit in Latvia under all residence permit programmes is issued first time for 5 years, after 5 years it is possible to acquire a permanent residence permit in Latvia. 

Residence permit in Latvia allows you to bring all your family with you, therefore, it is a great option to relocate from countries outside Europe and to live freely and peacefully. 

To find out additional information regarding residence permit in Latvia, please do not hesitate to contact EU LAW FIRM immigration lawyers in Latvia - info@eulawfirm.eu, +371 26742086