Frequently asked questions

The Latvia Golden Visa Residence Permit Program is a fast track procedure designed for foreign investors from non-EU countries. Through this program non-EU nationals will be able to obtain a fully valid residency permit in Latvia. Also known as the ‘Golden Visa’.

Through investment activities, non-EU citizens will be able to qualify for a residency permit in Latvia. The aforementioned permit will allow the investor(s) to enter the country of Latvia. As well as grant them the ability to live there. Not only that, investor(s) will also be able to take advantage of the luxury to travel comfortably across and to a vast majority of other European countries. This facility is an added advantage of the fact that Latvia operates within and is a part of the Schengen visa jurisdiction.

The Latvia Golden Visa Residence Permit Program has been devised out to be a straightforward and malleable program for the convenience of its investor(s). The aim of the program is to attract foreign investors to Latvia based on two key factors which are: investor(s) are not required to live in Latvia in order to invest and can also include their spouse(s) and dependent children in the program. Owing to the factors, mentioned previously, this program is currently considered as one of the most interesting and agreeable residency permit plans out of the many in practice.

The holders of a Latvia Golden Visa Residence Permit will have many advantages, such as:

  • Holder(s) of the Golden Visa will not need a visa to enter Latvia or to travel through the Schengen Area in Europe.
  • Holder(s) will be able live and work in Latvia, even if they are a resident in a different country.
  • The Latvian residency format allows for it to be extended to family members of the residency holder(s).
  • The stay over period, in comparison with other citizenship and residency programs, is extremely little.
  • Holder(s) will be able to attain permanent residency within Latvia after a minimum period of five years.
  • Holder(s) will be able to attain citizenship within Latvia after a minimum period of ten years.

The Latvia Golden Visa Residence Permit allows for the qualification of two types of investments. Investor(s) can take their pick from either of the following:

  • Acquisition of property in the amount of or greater than € 250,000.
  • A bank deposit of € 280,000.

The Latvia Golden Visa Residence Permit Program requires investor(s) to comply with the following general requirements across all types of qualifying investments: 

  • Maintain the period of investment for no less than five years.
  • Provide surety that funds for the investment are coming from abroad.
  • Absence of conviction of crime in Latvia and in their home country.

The Latvia Golden Visa Residence Permit Program will be valid for an initial period of five years and can later be renewed for an additional period of five years.

The Latvia Golden Visa Residence Permit Program can be extended to family members: namely children, spouse(s) and dependent family members.

The application for the Latvia Golden Visa Residence Permit requires submission of the following documentation: 

  • Proof of investment.
  • Passport and valid Schengen Visa.
  • Latvian fiscal number.
  • Clean criminal record statement from country of residency.
  • Clean Latvian criminal record.
  • Declaration from the Latvian Tax Department proving the absence of debts to the Latvian Tax Authorities
  • Declaration from Latvian Social Security proving the absence of debts to Latvian Social Security Authorities.
  • Declaration from the investor(s) confirming compliance with the investment requirements.
  • Valid health insurance in Latvia.

It should be noted that:

  • Any document that is not in the Latvian language(s) or English needs to be translated in Latvian, attached with a certification attesting to the translation.
  • Documents issued by foreign authorities need to be legalized before being submitted in Latvia.  This legalization means obtaining the Apostille of the Hague Convention (when applicable) or legalization by the Latvian Consular services.

There is no obligation for the investor(s) to live in the property that (s)he has bought for the Latvia Golden Visa Residence Permit. However, the property can be rented out dependent on the wishes of the investor(s).

Yes, the investor(s) are free to sell their property and/or investment if they no longer wish to continue with the Golden Visa program. However, to fully qualify, investor(s) must hold onto the investment during the Golden Visa’s validity period, which is a minimum of five years.

The investor(s) or their family members can be refused the Golden Visa, or its renewal, depending of the following circumstances:

a)   The investor was not able to maintain the investment for the minimum period of five years.

b)   The investor did not comply with the required minimum period of stay in Latvia.

c)   The investor was found to have been a convict of a criminal offense.

d)   In a period through which the investor has been banned entry into Latvian territory following a removal measure of the country.

The Golden Visa may be also refused on the grounds of public order, public security and/or public health.

The investor(s) or their family members can be refused the Golden Visa, or its renewal, depending of the following circumstances:

a)   The investor was not able to maintain the investment for the minimum period of five years.

b)   The investor did not comply with the required minimum period of stay in Latvia.

c)   The investor was found to have been a convict of a criminal offense.

d)   In a period through which the investor has been banned entry into Latvian territory following a removal measure of the country.

The Golden Visa may be also refused on the grounds of public order, public security and/or public health.