Latvia

Residence by Investment Program

One of Europe’s earliest such programs, Latvia’s Golden Visa has been operational since 2010 and saw its investor migrant application volume peak in 2014, a year during which Latvia approved some 2,500 applicants. Application volume has grown considerably more modest since then, in part because of rising minimum investments and growing competition from the golden visas of Portugal, Greece, and Spain.

With a minimum investment threshold of just EUR 50,000, it also offers one of the continent’s most affordable routes to permanent EU residency.

Latvian residency also offers a path to eventual EU citizenship, but only following at least ten years of physical residency and subject to knowledge of Latvian history and language.

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Program at a glance

Program TypeGolden Visa Program
Time to citizenship10 years
Time to permanent residency5 years
Minimum investmentEUR 50,000
Physical presence requirementNone at temporary residency stage
Application processing time1-3 months
Citizenship grants visa-free travel to181 destinations, including Schengen countries and the United States
Contribution types availableProperty Investment, Business Investment, Bank Deposit, Bond Investment

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Recent stories about this destination

Explore Programs

Direct Citizenship Programs

Programs that offer citizenship within months in exchange for investments or donations, with minor/no physical presence requirements.

Semi-Direct Citizenship Programs

Programs that offer citizenship in exchange for investments following a 1-2 year period, with minor/no physical presence requirements.

Active Investor Visas

Programs that offer residence permits within months to those who physically relocate to start and/or run a business. Startup and entrepreneur visas fall under this category.

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