Elevay Citizenship & Residency by Investment

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Latvia

The Latvia Residency by Investment programme offers individuals and their families a pathway to obtain Latvian residency by making a qualifying investment in the country. Successful applicants gain the right to reside in Latvia and travel within the Schengen area. While the programme does not lead directly to citizenship, it provides access to various benefits such as visa-free travel and a favorable business environment in the European Union.

Live, work, and study in Latvia.

Visa-free travel to the 27 Schengen member states.

Time to residency is just 2-4 months.

Include spouse and dependent children under 18 in your application.

The Latvia Residency by Investment Program is one of the fastest growing and competitive programs in Europe. Originally launched in 2010, the program is designed to drive foreign investment in the country.

Investment criteria

To qualify for residency, foreign nationals must complete one of the following investment options:

OPTION 1

CAPITAL INVESTMENT

MINIMUM INVESTMENT - €50,000

Must make the minimum investment of €50,000 into an existing Latvian company. The company must pay a minimum of €40,000 in tax per year. In addition, the investor must make a one-time payment of €10,000 to the Government of Latvia. The investment may be returned after 5 years.

OPTION 2

FINANCIAL INVESTMENT

MINIMUM INVESTMENT - €280,000

Must make an investment in the subordinated loan capital of a Latvian credit institution in the amount of €280,000. In addition, the investor must make a one-time payment to the Government of Latvia of €25,000 following the approval of the residence permit.. The investment must be held for a 5 year period.

OPTION 3

GOVERNMENT BONDS

MINIMUM INVESTMENT - €250,000

Must make the minimum investment in a non-interest bearing government bond. The bond must be held for a 5 year period.

OPTION 4

REAL ESTATE INVESTMENT

MINIMUM INVESTMENT - €250,000

To qualify, the investor must purchase real estate with a minimum value of €250,000. The property may not be sold during the 5 year resident permit.
LOCATION: Baltic Region of Europe
CAPITAL CITY: Riga
TOTAL AREA: 64,589 km2
TIME DIFFERENCE: UTC+2
LANGUAGE: Latvian (official), Livonian, Latagalian
RELIGION:
  • Christianity: 64%;
  • None: 35%;
  • Other: 1%
GOVERNMENT TYPE: Unitary Parliamentary Republic
CURRENCY: Euro (€)
GDP (PPP)(PER CAPITA): $21,482 USD
POPULATION: 1,842,226
AGE STRUCTURE:
  • 0-14: 15.32%;
  • 15-24: 9%;
  • 25-54: 40.41%;
  • 55-64: 14.77%;
  • 65+: 20.5%;

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