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Latvia

Temporary Residence by Investment Program

 

This program is aimed at high net worth individuals and their families wishing to obtain a 5-year temporary residence permit, with the possibility of obtaining permanent residence and citizenship after fulfilling residency requirements.

Benefits

Temporary residence.

Qualifying Criteria

To qualify for the program, applicants must show that they:

  • Have the required net worth to undertake one of the following investments:
    • Real estate purchase of at least €250,000.
    • Subordinated capital of a credit institution: Investment in subordinated capital (debt or adventures) or a 5-year term deposit at an annual interest rate of 4.5% for about €285,000.
    • Equity in capital companies: Minimum investment in equity of about €150,000 without additional conditions, or a minimum of about €35,000 and the capital company employs no more than 50 employees, has an annual turnover of balance lower than €10 million and pays at least €40,000 in taxes each year to the national and local governments.
  • Show that they possess the necessary means for subsistence in Latvia.

Costs and Procedures

Government costs for applicants:

Steps

  • 30 working days (90)*€98
  • 10 working days (45)*€238
  • 5 working days (10)*€308
  • *Waiting times are longer for individuals from countries at higher risk.
  • 1Applicant makes the investment.
  • 2Documents for residence permit are submitted in Latvia or abroad.
  • 3Decision is taken and communicated to applicant.
  • 4The applicant submits biometric data for production of an eID.
  • 5The eID card is produced and sent to the applicant.

Latvia

Investment immigration programs

Citizenshipby investment

Citizenshipby investment

No available programs for this country. Please follow the link for citizenship programs offered by other countries.