Latvia Residency by Investment | Savory & Partners
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program

Latvia Residency by Investment

Program Overview

Minimum Investment

€50,000 Business Investment

Minimum Investment

€250,000 Real Estate

Time to Residency

1-3 Months

Visa-free Access

29 Countries

Latvia Residency by Investment Requirements

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.

Main Applicant Requirements

  • 18+ years of age
  • Good health
  • No criminal record
  • Successfully pass due diligence checks
  • Confirmed investment sources

Eligible Dependents

  • Spouse of the main applicant
  • Dependent children (biological or adopted) below 18 years of age

Latvia Residency by Investment Benefits

Dual residency

Health & Education

Latvia has a public healthcare system, and residents are covered by this National Health Service. The country's comprehensive education system follows European standards. In major cities like Riga, you can find international schools offering education in English and other languages. As a resident, these benefits are available to you.

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Minimal Residency Required

There are no physical residency requirements for residence permit renewal.

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Tax Relief

Latvia has progressive personal income tax rates ranging from 25.5% to 33% and a flat 20% rate for corporate income.

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High Standard of Living

Latvia has a lower cost of living and utilities compared to other EU countries, while offering a high standard of goods and services.

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Visa-Free Travel

As a resident of Latvia, you are a resident of the European Union. This entitles you to travel freely throughout the Schengen Area.

Legal Basis

LATVIA | Residency by Investment

Legal Basis

Latvian law sets out how to acquire Latvian residence and provides investors and their families 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 Union countries visa-free.

Costs of Latvia Golden Visa

There are three available investment options to obtain Latvian residency:
1) Company Share Capital Investment

Minimum amount

€50,000

ONE-TIME STATE FEE

€10,000

2) Real Estate

Minimum investment

€250,000

State fee

5% of the property price

3) Bank Deposit

Minimum Deposit

€280,000

State Fee

€25,000

Application Process For Latvia Golden Visa

The expected timeframe for the application process is 1-3 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.

Application Process

1-3 months

*Sample of Residence Visa document
Latvia Residency Permit | Savory & Partners
  • Step 1
    Savory and Partners will have an initial consultation meeting with you where we will check if you're able to satisfy the general eligibility requirements for the Latvian residence permit. Also, we will conduct our internal due diligence check on your profile before you sign our service agreement.
  • Step 2
    We require you to make a down payment for our professional fees to start the application.
  • Step 3
    You will have to sign an investment agreement to obtain Category B shares in a Latvian company and make a deposit of €50,000 from your personal account into the Latvian company account or purchase a property for a minimum €250,000 and obtain the title deed. The other option is to make a €280,000 bank deposit.
  • Step 4
    You must submit your application at the Latvian Embassy/Consulate in your country of residence or origin. Once approved, you will receive a category D visa which is valid for 90 days.
  • Step 5
    You will need to travel to Latvia for a biometric appointment and medical test. This qualifies you for a temporary residence permit that is valid for 5 years from the date of issuance.
  • Step 6
    After 5 years, you can apply for permanent residency in Latvia if you meet the minimum legal residency requirement.
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PORTUGAL | RESIDENCY BY INVESTMENT

READY TO APPLY?

Visa-free Countries for Latvian Residents

As a resident of Latvia, you are a resident of the European Union, which means you are entitled to freedom of movement throughout the Schengen Area.

VISA-FREE TRAVEL

29 Countries

Visa-free access (29 countries)

  • Austria
  • Belgium
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Italy
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland

Client Success Stories

World-Class Healthcare as an EU Citizen

The Challenge

Our client, a Pakistani entrepreneur, had always dreamt of providing his family with a better future, both in terms of opportunities and quality of life. After hearing about Malta's Residency by Investment program, he decided to take action.

In 2022, he successfully secured residency for himself, his wife, and their elderly parents. This allowed them to live in Malta while enjoying the benefits of an EU residency. The program promised eventual citizenship after one year of residency, which was exactly what they hoped for.

However, shortly after they moved to Malta, the client's mother was diagnosed with breast cancer. The news came as a shock, and the gravity of the situation hit hard. His mother, who had always been a source of strength for the family, now faced a life-threatening illness.

With her health at risk, the family’s immediate concern became securing the best possible treatment. This meant having access to world-class medical facilities without delay, as they didn’t have the luxury of time to wait for appointments or referrals.

The client knew that Malta's healthcare system was ranked among the best in Europe, but he wasn’t sure how quickly they could get the care his mother urgently needed. He reached out to us for guidance, hoping we could help expedite her treatment in this crucial time.

Our Solution

We immediately got to work, leveraging our extensive knowledge of Malta’s Residency by Investment program. Thanks to his status as a resident, our client had already been granted access to Malta's renowned healthcare system.

The country ranks 5th globally in healthcare quality according to the World Health Organization. It was a relief to know that his mother would receive top-notch treatment, but now we had to make the process as smooth and quick as possible.

We guided our client through the available healthcare options, helping him navigate the local medical landscape to ensure his mother could get the immediate care she required.

We recommended one of the top breast care clinics in Malta, known for its cutting-edge treatments and specialized care. She was able to get an immediate consultation, and the team quickly devised a treatment plan to address her condition.

During this time, our client’s family was in the process of completing their citizenship application, which they were eligible for after just one year of residency. As soon as they were granted citizenship, our client and his parents could travel across Europe more easily. This proved invaluable when the family made the decision to seek additional treatment in France, one of the leading countries in cancer care.

The Result

With the support of Malta’s exceptional healthcare system, the client’s mother successfully completed her treatment. Now fully recovered, the family has returned to Malta, enjoying the security of citizenship, access to free public healthcare, and the social benefits of living in a safe and vibrant country.

Why Choose Malta Citizenship?

Malta's Citizenship by Investment program offers a multitude of advantages that make it an ideal choice for investors and their families:

  1. Access to Malta’s top-tier healthcare system, ranked among the world’s best
  2. Visa-free travel to over 160 countries, including the USA and Canada
  3. Ability to live, work, and study anywhere within the EU
  4. Long-term security with family inclusion options
  5. Free public healthcare, education, and social services
  6. Stable and growing economy with opportunities to establish a business

Investment Requirements:

  • A contribution of at least €750,000 for a minimum residency period of 12 months and €600,000 for 36 months.
  • Property Investment: Minimum of €700,000 for purchasing a property or €16,000 annual rental agreement.
  • Donation: €10,000 to a charitable cause designated by the government.
  • Residency Requirement: 12 months of residency before applying for citizenship.

Download brochure

Content

  • Latvia Country profile
  • Benefits of the program
  • Investment requirements
  • Investment process

Length

4 pages

Language

English & Arabic

size

1 mb

ABOUT LATVIA

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CAPITAL

Riga

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TOTAL AREA

64,594 km²

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POPULATION

1.846 million

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LANGUAGE(S)

Latvian

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CURRENCY

Euro (EUR)

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EXCHANGE RATE

$1 = €0.92

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GDP – PER CAPITA (2025)

$24,370

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GDP – TOTAL (2025)

$45.54 billion

About Latvia

Latvia, situated in the Baltic region of Northern Europe, is rich in culture and stunning landscapes. Riga, the capital and largest city, houses a well-preserved medieval Old Town and is famous for its Art Nouveau architecture. Latvia gained independence in 1918, endured periods of occupation during the 20th century, and re-established its sovereignty in 1991. A member of the European Union and NATO, Latvia has a developing economy and combines historic charm and modern vitality. The country celebrates its folklore and traditions in a packed cultural calendar.

Officially known as the Republic of Latvia, this Baltic nation accommodates approximately 1.8 million people. Covering 64,954 km2, a third of the population reside in capital Riga.

Latvia belongs to prominent international organizations such as the EU, EEA, UN, NATO, OSCE, and WTO. A stable political parliamentary democracy, Latvia has evolved into an industrialized upper-middle-income, free-market economy.

The country has extensive forests, and the timber industry significantly contributes to its economy. Latvia produces and exports wood and wood products, including furniture and paper.

With resources such as peat and wood biomass, Latvia is increasingly growing its renewable energy sector.

Latvia's extensive transport network comprises around 71,000 km of roads and close to 2,200 km of rail track. Riga International Airport is the only major airport in Latvia, carrying around 7 million passengers annually. It is the largest airport in the Baltic states and has direct flights to over 100 destinations.

Locals enjoy a relatively affordable cost of living compared to Western European countries.

Latvia follows Eastern European Time (UTC +2) and Eastern European Summer Time (UTC +3).

Where is Latvia?

Latvia is the central country of the Baltic States (Estonia, Latvia, and Lithuania) and borders Russia in the east and Belarus in the southeast.

LATVIA | Residency by Investment

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