Latvia Residency by Investment

Latvia offers investor-led temporary residence permits (TRP) under its Immigration Law, providing a practical Schengen base for non‑EU/EEA/Swiss nationals and their families. The permit is typically issued for up to five years (with renewals while the qualifying investment is maintained). It is a residency pathway—not citizenship—though long‑term residents can later pursue permanent residence and, eventually, naturalization.

Common qualifying routes (verify current availability and thresholds, as rules have been updated):

- Real estate: commonly cited minimum of €250,000 in residential/commercial property plus a 5% state fee; clean title and lawful, traceable funds; hold for at least five years.

- Subordinated bank deposit: about €280,000 with a Latvian credit institution for five years, plus a one‑time state fee (historically ~€25,000).

- Company investment: equity into a Latvian company (thresholds historically from €50,000–€100,000 depending on size/turnover and tax paid), with ongoing business activity and tax compliance.

- Special securities: certain government securities options have existed periodically (e.g., €250,000 plus a state fee); check if currently open.

Who you can include

- Spouse and minor children (dependency/age rules apply); some cases allow dependent parents—confirm with the Office of Citizenship and Migration Affairs (OCMA).

Key benefits

- Live in Latvia and travel within the Schengen Area (90/180 rule).

- Family coverage, access to local services, schooling, and healthcare (with private insurance).

- Potential progression to permanent residence after five years of actual residence and meeting language/integration criteria; citizenship generally after ten years via ordinary naturalization.

Eligibility and process

- 18+, clean criminal record, no Schengen bans, private health insurance, sufficient means, and verified lawful source of funds.

- Steps: select route; obtain Latvian tax number (if needed); conduct legal/technical due diligence; complete investment; file TRP application via OCMA/consulate; submit biometrics in Latvia; receive residence card. Processing often takes 1–3 months after a complete file.

- Certain nationalities (e.g., Russian/Belarusian) face restrictions/suspensions under recent laws.

- Holding a TRP does not automatically make you a Latvian tax resident (183‑day and center‑of‑interest tests apply).

- Always confirm current thresholds, eligible assets, and fees before committing.