program
Latvia Residency by Investment
Program Overview
Minimum Investment
€50,000 Business Investment
Minimum Investment
€250,000 Real Estate
Time to Residency
4-6 Months
Visa-free Access
26 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
- Children (biological or adopted) below 18 years of age
Latvia Residency by Investment Benefits
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 resident, these benefits are available to you.
Minimal residency required
There are no physical residency requirements for residence permit renewal.
Tax relief
Latvia has progressive personal income tax rates, flat rate for corporate income, VAT and social contributions. And levied tax for real estate and dividends.
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.
Visa-free travel
As a resident of Latvia, you are a resident of the European Union, thus you are entitled to freedom of movement in the Schengen area.
LATVIA | Residency by Investment
Legal Basis
Acquiring a Latvian 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.
Costs of Latvia Golden Visa
Minimum amount
EUR 50,000
A one-time state fee
EUR 10,000
Minimum investment
EUR 250,000
State fee
5% of the property price
Minimum Deposit
EUR 280,000
Application Process For Latvia Golden Visa
Application Process
4-6 months
- Step 1Savory and Partners will have an initial consultation meeting with the applicant where we will check if the applicant is able to satisfy the general eligibility requirements for the Latvian residence permit. Also, we will conduct our internal due diligence check on the applicant’s profile before they sign our service agreement.
- Step 2The applicant is required to make a down payment for our professional fees to start the application.
- Step 3The applicant will have to sign an investment agreement in order to obtain Class B shares in a Latvian company and make a deposit of 50,000 euros from their personal account into the Latvian company account or purchase a property and obtain the title deed.
- Step 4The applicant is required to submit their application at the Latvian Embassy/Consulate or VFS in their country of residence or origin. Once the application is approved, the applicant will be issued a category D visa which is valid for 90 days.
- Step 5The applicant is required to travel to Latvia for their biometric appointment and medical test and obtain a temporary residence permit that is valid for 5 years from the date of issuance.
- Step 6The residency card is initially granted for 5 years and after 5 years the applicant can apply for permanent residency in Latvia if they meet the minimum legal residency requirement.
PORTUGAL | RESIDENCY BY INVESTMENT
READY TO APPLY?
Visa-free Countries for Latvian Residents
Free Circulation within Schengen Area
26 Countries & Territories
Visa-free access (26 countries & territories)
- Austria
- Belgium
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Italy
- Latvia
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Norway
- Poland
- Portugal
- 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:
- Access to Malta’s top-tier healthcare system, ranked among the world’s best
- Visa-free travel to over 160 countries, including the USA and Canada
- Ability to live, work, and study anywhere within the EU
- Long-term security with family inclusion options
- Free public healthcare, education, and social services
- 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
CAPITAL
Riga
TOTAL AREA
64,589 km²
POPULATION
1.884 million
LANGUAGE(S)
Latvian
CURRENCY
Euro (EUR)
EXCHANGE RATE
1 USD = 0.92 EUR
GDP – PER CAPITA (2023)
USD 15,800
GDP – TOTAL (2023)
USD 28.6 billion
About Latvia
Latvia, situated in the Baltic region of Northern Europe, is known for its rich cultural heritage and picturesque landscapes. Riga, the capital and largest city, boasts a well-preserved medieval Old Town and is famous for its diverse 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 growing economy and offers a blend of historic charm and modern vitality. The country is celebrated for its festivals, vibrant traditions, and the enchanting Latvian folklore.
Officially known as the Republic of Latvia, this Baltic nation is home to approximately 1.8 million people. Covering 64,589 km2, Latvia is characterized by its captivating landscapes and vibrant cultural heritage. Riga, the capital city, is not only the largest city but also boasts a rich history and dynamic urban life.
Latvia is an active participant in international organizations, including the EU, EEA, UN, NATO, OSCE and WTO. Governed by a stable political parliamentary democracy, Latvia has achieved the status of an industrialized upper-middle-income, free-market economy.
Latvia is known for its extensive forests, and the timber industry is a significant contributor to its economy. Wood and wood products, including furniture and paper, are produced and exported.
Latvia has resources such as peat and wood biomass, contributing to its energy production, including renewable energy.
With an extensive transportation network, Latvia features nearly 83,000 km of roads and around 2,300 km of railways. Riga International Airport is the only major airport in Latvia, carrying around 5 million passengers annually. It is the largest airport in the Baltic states and has direct flights to over 80 destinations in 30 countries.
Latvia is known for its relatively affordable cost of living compared to Western European countries.
The local time follows Eastern European Time (UTC +2).
The demographic breakdown indicates a population distribution with 15.8% in the 0-14 age group, 66.6% in the 15-64 age group, and 17.6% in the 65+ age group.
Latvian is the predominant language (56.3%), followed by Russian (34.6%) and other languages.
Religiously diverse, Latvia’s population comprises predominantly Christians, with Lutheranism and Roman Catholicism being the prominent denominations. Additionally, there is a notable percentage identifying as non-religious or unaffiliated.
Where is Latvia?
Latvia is the central country of the Baltic States (Estonia, Latvia, and Lithuania) and is located in northeastern Europe on the east coast of the Baltic Sea.
LATVIA | Residency by Investment
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