Discover how to secure Latvia's Golden Visa in 2025 through a €280,000 bank deposit. Learn about the process, eligibility, and long-term benefits for your family.

Latvia Golden Visa: Bank Deposit Route in 2025

 

In recent years, Latvia has emerged as a sought-after destination for investors seeking residency in Europe. Among the pathways to secure the coveted Latvian Golden Visa, the bank deposit route stands out as a safe and structured investment option. This article explores the nuances of obtaining a Golden Visa in Latvia through a bank deposit, detailing the process, requirements, and long-term benefits for investors and their families.

 

An Overview of the Latvian Golden Visa

The Latvian Golden Visa program offers residency to individuals who make qualifying investments in the country. One of the most straightforward options involves a bank deposit of at least €280,000, with the condition that the deposit remains untouched for a minimum of five years. This investment comes with the assurance of repayment, plus accrued interest, after the stipulated period. Additionally, applicants are required to pay a government fee of €25,000, which is only due upon approval of their application.

 

Eligibility and Requirements

The Latvian Golden Visa is accessible to individuals who meet the following criteria:

Applicant Requirements:

  • A clean criminal record is mandatory.

  • Financial means to invest a minimum of €280,000 in a Latvian bank as a subordinate deposit. Source of funds of the invested amount. 

Family Members Eligible for Residency:

  1. Spouse: Requires a marriage certificate and a clean criminal record.

  2. Dependent Children: Must be below the age of 18 and provide a birth certificate.

This program is designed to ensure that investors and their immediate family members can seamlessly integrate into Latvian society.

 

Step-by-Step Process for Obtaining a Golden Visa

Securing a Golden Visa through a bank deposit in Latvia involves a series of well-defined steps. Here is a timeline of the process:

Week 1: Engage Legal Support

The first step involves engaging a professional service to assist with the process. Upon deciding to proceed with the Latvian bank investment, you will need to sign a contract with the service provider and pay the initial administration fee.

Week 3: Make the Deposit

The next crucial step is depositing €280,000 in a dedicated Latvian bank account. This deposit must be structured as a subordinate liability and remain in place for five years. Expert guidance is provided to streamline the account opening process and ensure compliance with local regulations.

Week 4: Collect and Legalize Documents

At this stage, you must gather and legalize the required documents, including:

  • Personal identification documents.

  • Marriage certificate (if applicable).

  • Birth certificates for dependent children.

  • Evidence of the bank deposit.

Legal professionals will prepare your application form and other government-required paperwork.

Week 6-8: File the Application

You must visit a Latvian Embassy to file your application. This involves submitting all the necessary documents, including proof of investment and the completed application form.

Week 8-16: Obtain Your Residence Permit

Once your application is approved, you will need to:

  1. Pay the €25,000 government fee.

  2. Pay the balance of the legal fee.

  3. Travel to Latvia to collect your residence permit cards for yourself and your family members included in the application.

 

Long-Term Benefits of the Latvian Golden Visa

Investing in a Latvian bank deposit not only guarantees the safety of your principal investment but also unlocks a pathway to long-term residency and citizenship in Latvia. Below is a timeline of the opportunities available to Golden Visa holders:

Year 5: Permanent Residency

After five years of holding a residence permit and maintaining the investment, you are eligible to apply for permanent residency (PR) in Latvia. This allows you to continue residing in the country without the need for renewal. Additionally, PR grants you the opportunity to bring dependent parents to live in Latvia under your residency status.

Year 10: Citizenship

For those who choose to live in Latvia for ten years, citizenship becomes an attainable milestone. Latvian citizenship grants you benefits of EU citizenship.

 

Why Choose the Bank Deposit Route?

The bank deposit option is one of the most secure ways to obtain a Latvian Golden Visa. Here’s why it stands out:

  1. Guaranteed Safety of Investment: Latvian banks guarantee the repayment of the principal investment after five years, along with accrued interest.

  2. Simplicity and Transparency: The process is straightforward, with clear requirements and no hidden complexities.

  3. Low Risk: Unlike other investment options that involve market fluctuations, bank deposits are relatively risk-free.

  4. Family Inclusion: The program allows you to include your spouse and dependent children in the application, making it an excellent option for families.

 

Navigating the Challenges

While the Latvian Golden Visa program is well-structured, prospective applicants should be mindful of:

  • Regulatory Compliance: Ensuring all documents are correctly legalized and submitted on time is crucial.

  • Currency Risk: Since the investment is in euros, applicants from non-euro countries should consider potential exchange rate fluctuations.

  • Application Timeline: With the process taking approximately 4 months (approx. 16 weeks), proper planning is essential to avoid delays.

 

Conclusion: Your Gateway to Europe

The Latvian Golden Visa through a bank deposit offers a compelling opportunity for investors seeking European residency. With its safe investment structure, family inclusivity, and a clear pathway to permanent residency and citizenship, Latvia is an excellent choice for those looking to establish a foothold in the EU.

By engaging the right legal and administrative support, you can navigate the process seamlessly and unlock the benefits of Latvian residency. Whether you’re planning to relocate, explore business opportunities, or secure a future in Europe for your family, the Latvian Golden Visa paves the way for a brighter tomorrow.

If you’re ready to take the next step, do not hesitate to contact EU LAW FIRM corporate lawyers in Latvia info@eulawfirm.eu +37126742086, to get started on your journey toward Latvian residency. 

See you in Latvia!