The Latvia Residence by Investment Program is a highly efficient and competitive
route to European residency. Introduced on July 1, 2010, by the Latvian government, it was
crafted to address the economic impact of the 2007–2009 financial crisis.
The program
brought
remarkable economic benefits, generating over EUR 1.3 billion in its first five years, with EUR
1.1 billion contributed directly by foreign investors purchasing real estate.
Foreign nationals seeking residency in Latvia have three distinct pathways for qualifying under
this program. First, they can invest funds into the equity capital of a Latvian company, thereby
contributing to local business development.
Alternatively, they may opt to make a
subordinated
deposit in a Latvian bank, providing financial support to the banking sector. The third option
involves purchasing interest-free government bonds earmarked for special purposes, a
straightforward and stable investment opportunity.
This initiative empowers investors and their families with access to Europe, offering residence in a country with a growing economy and strategic advantages. Alongside its financial benefits for Latvia, it creates seamless opportunities for foreign investors to immerse themselves in the European lifestyle.
The Latvia Residence by Investment Program is an attractive route for individuals seeking residency in Europe. It offers flexibility, access to the Schengen Area, and a pathway to citizenship. Below, you'll find a detailed breakdown of the program's requirements, procedures, and benefits.
Applicants must demonstrate sufficient funds to support themselves and their families:
There is no minimum stay requirement to renew the residence permit, offering maximum flexibility for applicants.
