Golden visa in Latvia is the most cost effective currently available residence by investment program in Europe. Find out the requirements how to get golden visa in Latvia.

Golden visa in Latvia

Latvia introduced its Golden Visa program, officially called the Residence Permit for Investment (RPI) program, in 2010. The program was designed to attract foreign investment into the Latvian economy, particularly in the real estate sector, by offering residency permits to non-European Union (EU) citizens and their families in exchange for investments in Latvian properties.

Requirements to acquire Golden Visa in Latvia

The primary condition for investors seeking the Golden Visa involves acquiring real estate that complies with program specifications. Requirements for obtaining a Latvian residence permit include:

·       Minimum age of 18 years.

·       No criminal record.

·       Minimum investment in the amount of 50 000 EUR.

·       Proof of sufficient funds for living expenses (at least 620 monthly or 7440 EUR per annum for main applicant, 3720 EUR for spouse, and 2232.00 EUR for each child included in the application).

 

Costs to acquire Golden Visa in Latvia

To obtain a residence permit through the Latvia Residence by Investment Program:

·      Commit EUR 50,000 into the equity capital of a Latvian company (provided that the company annually pays at least EUR 40,000 in taxes)

·      Make a one-time payment of EUR 10,000 to the state budget

·      Costs for travel tickets, residence rental

·      Legal fees

 

The legal experts at EU LAW FIRM have identified prime investment opportunities for securing your Investor Golden Visa in Latvia. We assure you that these companies are duly established and operating in full compliance with all the regulations of the Republic of Latvia.

Benefits of obtaining Golden visa in Latvia

·      Increased visa-free travel

·      Freedom of movement (but not settlement) within Schengen

·      Path to Citizenship

·      Minimal physical presence requirement

·      Permits dual/multiple citizenship (exception apply)

·      Lower taxes

·      Safe and security

·      Enhanced education opportunities

·      Enhanced business access to large economies

·      Short processing time

 

Procedure and Time to acquire Golden Visa in Latvia

Document processing typically spans a timeframe of approximately 30 days. The investor's immediate family, including a spouse and children under 18, have the option to apply for a residence permit alongside the main applicant.

Total process to acquire golden visa in Latvia varies on the jurisdiction of applicant, but it takes usually minimum of 3 months.

Following approval by the Office of Citizenship and Migration Affairs of the Republic of Latvia, the investor is required to personally visit Latvia within three months to receive their temporary residence permit, which is issued in the form of an ID card. This residence permit is initially valid for one year, necessitating an annual renewal of the ID card.

To apply for EU Investor Golden Visa in Latvia, please contact our immigration lawyers in Latvia - info@eulawfirm.eu to know the best option of having EU residency for you and your family.