Latvia’s Golden Visa Program Projects 51% Growth in 2025

Latvia approved 44 main applicants through it's golden visa program in the first half of 2025, reaching 76% of the total approvals for all of 2024.

Including dependents, 107 visas were issued in H1 2025, compared to 149 in total last year. At the current pace, the country is projected to reach 88 main applicants by year-end, a 51% annual increase.

Real Estate Approvals Increase Significantly

Real estate investments accounted for 45% of approvals in H1 2025, up from 29% in 2024. Twenty real estate investors were approved in the first six months of the year, already exceeding the full-year total of 17 in 2024.

Business investments remained the leading route with 50% of approvals, though this represents a decrease from 69% in the previous year.

A total of 22 business investors were approved in H1 2025. If current momentum continues, business investments could see a 10% year-on-year increase.

Deposit and securities investments remained low, with two approvals, double the number recorded in 2024.

Applicant Trends by Country

Turkish nationals accounted for 20% of main applicant approvals in H1 2025, the largest share by nationality.

Chinese applicants dropped to 7%, down from 26% in 2024. Vietnamese applicants rose from 2% last year to 11% in the first half of 2025.

UK and Indian nationals each represented 9% of approvals. Applicants from the US, Azerbaijan, Pakistan, and Uzbekistan each made up 4.5%.

Two Dominica passport holders also received approvals, accounting for another 4.5%.

Competitive Edge

Latvia’s Golden Visa program is gaining ground amid processing slowdowns in countries like Greece and Portugal.

Its affordable €50,000 company investment route plus €10,000 state contribution continues to attract interest from cost-sensitive applicants seeking quick access to the EU.