HomeLatvia Golden Visa Program - Lincoln Global Partners

In 2010, Latvia introduced their Golden Visa program in a bid to increase foreign investment into the country. The program offers a number of options for investors including a Real Estate and Government Bonds.

There is also an option to invest into a Latvian company with a minimum investment of just 50,000 EUR. This is the most-cost effective route to residency of all of Europe’s Golden Visa programs that provides visa-free access to the Schengen Area.

Investors obtain a 5-year temporary residency permit in Latvia which can be renewed every 5 years. Those that learn the language and spend 80% of their time each year in Latvia are eligible to apply for PR after 5 years and Latvian Citizenship after 5 years as a permanent resident.  

One of the 3 Baltic States, located on the Baltic Sea between Lithuania and Estonia, Latvia is a progressive, business friendly European and Schengen Nation.

European Golden Visas

Latvia Golden Visa Program
Key Benefits

Visa Free Travel to the Schengen Area
Latvian residents can enjoy visa-free travel to the 26 Schengen Area.
Potential to Route to Citizenship in an EU Country
Those who physically relocate to Latvia can apply for PR after 5 years and citizenship after another 10.
Residency for family members
The spouse and children under the age of 18 can be include on ones application.
No Minimal stay requirements
Investors obtain a temporary residence permit for 5 years which is renewable with no minimum stay requirement.

Lowest Real Estate Investment Required of any EU residency program
Latvia's Golden Visa program requires an investment of just 250,000 EUR into real estate, equal to Greece but significantly cheaper than other European golden visa programs.

European Education
Dependent children can benefit from the Latvian Educational system.
Access to a high quality healthcare system
Residents of Latvia benefit from access to the local public health care system.
Latvian Golden Visa Program

Golden Visa
Investment Routes
From 50,000 EUR

Real Estate Investments from 250,000 EUR

Foreign investors can qualify for the Latvia Golden Visa with an investment of 250,000 EUR into Latvian Real Estate (along with payment of 5% of the real estate value into the state budget).

Investments from 50,000 EUR into a Latvian Company for the acquisition of new shares

Applicants can be eligible to apply for the Latvian Golden Visa by investing a minimum of 50,000 EUR into a Latvian commercial company. Investors must select a Latvian company that pays €40,000+ in taxes each year and in order to qualify applicants must also pay a state fee of 10,000 EUR.

An investment of at least 250,000 EUR into Government Bonds.

Under the Latvia Golden Visa program applicants can to choose to purchase a minimum of 250,000 EUR into state securities. Applicants who choose this option must also contribute 38,000 EUR in government fees to the state budget. Note that it is particularly difficult for foreigners to open a bank account in Latvia which makes this option more complicated.

Latvia Golden Visa

Process to Residency

The process to obtaining the Golden Visa usually around 12 months,

STEP 1Initial Consultation

Contact LGP for an initial consultation, discuss the Latvia Golden Visa program and it's benefits and explore the wide array of investment opportunities on the market.

STEP 2Client Onboarding

LGP runs mandatory background checks on clients prior to the client onboarding process. Upon approval LGP will send the client a letter of engagement and begin the client onboarding process.

STEP 3Make your investment

At this stage upon selecting a suitable investment the client will proceed to make their investment from their personal bank account.

STEP 4Documentation Preparation

LGP will assist the client to prepare all the required documentation for the Latvia Golden Visa program.

STEP 5Submit application to the nearest Latvian embassy.

LGP will book your appointment with the embassy where the client will submit their application. These documents will then be sent to Latvia and the office of citizenship and migration affairs of the Republic of Latvia. Decisions will generally be given in 3-6 months.

STEP 6Payment of Government Fees and Issuance of D Visa to enter Latvia.

Upon receiving a positive pre-approval investors must pay the state fees and purchase health insurance. The government will then issue a D-visa so that the successful applicant can enter Latvia for the final stage of the application process.

STEP 6Trip to Latvia for Biometrics

At this stage the applicants must travel to Latvia to submit their biometrics, collect their 5-year temporary residency permit and declare their place of residency.

STEP 7Annual Re-registration and 5 Year Renewals

While their is no minimum stay requirement to maintain residency, temporary residence permit holders must visit Latvia each year to re-register with the authorities. Every 5 years the residency permit can be renewed after proving that the investment has been maintained.

STEP 8PR & Citizenship Applications

Latvia Golden Visa holders that relocate to Latvia and spend the majority of their time in the country can apply for Permanent Residency in Latvia after 5 years. After 5 years of permanent residency applicants can apply for citizenship.
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European Residency SolutionsWhy Latvia?

Golden Visa Program from 50,000 EUR

One of the 3 Baltic States, located on the Baltic Sea between Lithuania and Estonia, Latvia is a progressive, business friendly European Nation and member of the Schengen Area.

Best known for its vibrant capital Riga with its elegant Art Nouvea Architecture, Latvia is home to one of Europe’s most charming Medieval Old Town. Just a few hours away you can experience long stretches and of beaches and sprawling forests.

Latvia has a great start up scene and is doing a great job of attracting international talent and entrepreneurs.

Latvia is a member of the European Union, NATO and Schengen Area and participates in the World Trade Organisation enjoying benefits of free open trade in global markets.

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