About the program
To be eligible to apply for this program, you must be over 18 years old, in good health and without a criminal record.
Applicants are also required to make a company share capital investment or invest in real estate.
As a permanent resident of Latvia, you are a resident of the European Union, thus you are entitled to freedom of movement in the Schengen area.
High standard of living
Latvia has a low cost of living and utilities compared to other EU countries, and offers high-standard of goods and services.
Health & Education
Latvia has a public healthcare system, and residents are typically covered by the National Health Service. Latvia has a comprehensive education system that follows the European standards. In major cities like Riga, you can find international schools offering education in English or other languages. As a permanent resident, these benefits are available to you.
Latvia has progressive personal income tax rates, flat rate for corporate income, VAT and social contributions. And levied tax for real estate and dividends.
Minimal residency required
There are no physical residency requirements for residence permit renewal.
Main applicant requirements
- 18+ years of age
- Good health
- No criminal record
- Successfully pass due diligence checks
- Confirmed investment sources
- Spouse of the main applicant
- Children (biological or adopted) below the age of 18
The expected timeframe for the application process is 6 months. The first stage of the document collection can differ in length depending on the applicant’s ability to gather the documents. Our team guides this process with samples and best practice advice.
The reviewal stage is subject to the respective Government schedule and can be impacted by factors which we, as authorised agents have no control over. Savory and Partners collaborates with the Government throughout the entire process, and we aim to provide the quickest and smoothest experience for the applicant.
Read about the process steps in detail here.
Acquiring a Latvian permanent residence is set out in the immigration law and provides investors with all the rights of a Latvian resident. The residence gives applicants the right to enter and leave Latvia freely, as well as the right to travel across all European countries visa-free.
Q: Can I include my family when applying for Latvia Residency by Investment Program?
Yes, you can include qualified members of your family in the application or add them after you have obtained your residency for an additional fee. A qualified family member can be a child not older than 18 years and a spouse.
Q: Are there any interviews, language tests, or work experience requirements when applying for Latvia Residency by Investment Program?
The Government of Latvia does not require you to pass any interviews, language tests or have previous work experience to be able to apply for this program.
Q: Do I need to visit Latvia before obtaining my residency?
You are required to visit Latvia on one occasion before obtaining your residency for your biometric appointment and medical test.
Q: Does Latvia provide a biometric (ePassport) passport?
Yes, the passport of Latvia is a biometric passport, also known as an ePassport.
Q: How many pages does the Latvia passport have?
The new biometric passport of Latvia has 32 pages.
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