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.