General program requirements

Applicants may choose from the following investment options:

€250,000 investment in real estate, along with a one-time government fee equivalent to 5% of the purchase price.

€280,000 capital deposit in a Latvian bank for a period of five years, along with a one-time government fee of €25,000.

€250,000 investment in special-purpose, interest-free bonds, along with a one-time government fee of €38,000.

€50,000 equity investment in a Latvian company that annually pays at least €40,000 in taxes, along with a one-time government fee of €10,000.

Program benefits

• Increased visa-free travel;
• Freedom of movement (but not settlement) within Schengen;
• Path to Citizenship;
• Minimal physical presence requirements;
• Permits dual/multiple citizenship (exceptions apply);
• Lower taxes;
• Safety and security;
• Enhanced education opportunities;
• Enhanced business access to large economies;
• Short processing time

Requirements to qualify for citizenship

After determining the investment option, the applicant gathers the required documents and submits the application, including the application fees, to the authorities. The investor is required to commit to the investment at this stage. After approval, the applicant is required to travel within 3 months to Latvia to give his biometrics, obtain his ID and residence permit, and to finalize his investment. The permit is valid for five years.

Latvian permanent residency is available after the applicant has resided in the country for a minimum of five years. The applicant needs to physically live in Latvia and have have resided in the country for a minimum of four of those years. Additionally, he will need to have knowledge of the language, general history, and national anthem of Latvia.

After and additional five years of residency, the investor may apply for citizenship. Dual citizenship is recognized for many countries, but not all. 

Applications for this program may be directed to:

Office of Citizenship and Migration Affairs 

Legislation upon which this program is based:

Immigration Law Section 23, Paragraph one, Clause 28

See more statistics on this program and others in the IMI Data Center.