Immigrate to Latvia - Legal Assistance from Our Latvian Lawyers
Immigrate to Latvia
Updated on Monday 22nd April 2024based on 3 reviews
Quick Facts | |
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Entry visa requirement (from EU) (Yes/No) | No |
Entry visa requirement (outside EU) (Yes/No) | Yes |
Types of visas available | - Schengen Visa, - National Visa |
Time frame for obtaining work visa (approx.) | Five business days. More details about how to immigrate to Latvia are offered by our lawyers. |
Validity of temporary residence permit | 5 years |
Temporary residence permit renewal requirements | - a document confirming non-existence of current or pending debts for real estate taxes; - a document confirming the necessary means of subsistence; - a valid health insurance policy |
Documents for obtaining a residence visa | - a completed residence permit application form, - a photo; - a confirmation of no criminal record; - proof of subsistence/sufficient funds; - proof of income or funds of at least 430 EUR per month; - a document confirming the planned place of residence; - the proof of payment for the state fees |
Time frame for obtaining permanent residence (approx.) | 5 – 30 days |
Investor visa availability (Yes/No) | Yes |
Start up visa scheme availability (Yes/No) | Yes |
Sponsorship requirement (Yes/No) | Yes. More information about how to immigrate to Latvia are offered by our team. |
Time frame for obtaining citizenship | 10 years |
Citizenship/ Residency by investment scheme availability (Yes/No) | Yes. More details about how to immigrate to Latvia are offered by our team. |
Taxation of foreign citizens | 20% |
Tax benefits for foreign citizens | Foreign citizens only pay tax on their Latvian-sourced income. |
Residence permit issued for real estate investments in Latvia | For property purchase of at least EUR 250,000 to obtain atemporary residence permit available for 5 years |
Relocation to Latvia for business purposes | Available option. EUR 50,000 is required as a minimum investment for starting a company in Latvia. |
Registration for stays longer than 90 days in Latvia | With the Office of Citizenship and Migration Affairs (OCMA) |
Registration card issued | By OCMA after registration in Latvia |
What is the EU Blue Card? | A residence permit issued for highly qualified workers in Latvia |
Retirement visa available in Latvia (YES/NO) | YES |
Visa fee exemptions | - for postgraduate students, - scientists from third-world countries, - representatives of non-profit organizations under certain conditions |
Family reunification in Latvia | For foreigners having spouses in Latvia, for children of Latvian citizens, etc. |
When is a long-term residence permit issued? | After at least 5 years of living in Latvia |
Can I work in the EU with a Latvian residence permit? | Yes, Latvia is part of the Schengen area and allows residents to work in any European country without restrictions. |
Relocating to Latvia through investments | Available programs requiring investments of at least EUR 250,000 in a property in Latvia |
Most popular cities for relocation to Latvia | - Riga (the capital city), - Daugavpils, - Liepaja, - Jelgava, - Jurmala |
Benefits of Latvian residence permit | Allows holders to invite family members, and travel to European countries without border controls, varied social privileges, etc. |
Reasons to choose Latvia for immigration | - affordable cost of living, - proper education and health systems, - part of Schengen area that comes with other benefits too |
Why choose our Latvian lawyers? | Our immigration lawyers in Latvia can assist foreigners throughout all the procedures linked to relocation to this country. |
Types of Schengen Latvian visas
- Transit visa: this visa is only issued for a maximum of five days. If you are travelling outside the Schengen zone, the transit visa enables you to pass through the territory of one or more Schengen member states;
- Airport transit visa: this visa allows you to pass through an airport in the Schengen space, but it does not allow you to exit this area before you fly to your next destination;
- Short stay or travel visa: this visa allows you to visit a country for up to three months in a six months period. Most students need this visa to travel within the Schengen Area as tourists or can also attend conferences on this short-stay visa.
Necessary documents for Schengen Latvian visa
- Two passports sized recently captured photos with light background;
- A valid passport;
- Confirmation of Europe travel insurance;
- A cover letter describing the purpose why you want to move to Latvia;
- Proof of adequate financial means that should be enough for your stay in Latvia.
Who needs a visa to enter Latvia?
Who is exempted from the Schengen visa fee?
- school pupils and postgraduate students;
- teachers who undertake stay for educational training or teaching;
- third world country researchers who want to carry out scientific researches;
- representatives of non-profit organizations of age 25 or less than 25 years participating in educational, sports, seminars, conferences or cultural events organized by non-profit organizations.
What types of residences are available in Latvia?
Application for permanent residence permit in Latvia
- You are a citizen of the European Union.
- It is a case of family reunification or integration.
- You are of Latvian ancestry.
- You are married to a citizen of Latvia etc.
How to immigrate to Latvia with investment residency?
Residence permit for real estate purchase
- If you purchase a property in Latvia for more than EUR 250,000 it automatically makes you eligible to apply for a temporary residence permit. This is initially valid for five years, but is renewable if you meet certain requirements at the time of applying for renewal.
Residence permit based on investment
- Commercial investment - This type of investment is the most suitable for those who are thinking of emigrating to Latvia to start their own business. The minimum investment is EUR 50,000, so this option is much cheaper than investing in real estate.
- Financial investment - This option also allows you to take up temporary residence in Latvia. The main requirement is a one-time payment to the state budget of EUR 10,000, proving the source of funds.
Living in Latvia
- The cost of living is not as high as in other European countries, and salaries have been increasing.
- The inflation rate does not exceed 2%.
- Latvia has positioned itself economically as a service economy; this sector represents 73.7% of the Latvian GDP.
- Latvia is in the 30th position of the Index of Economic Freedom.
- Latvia's trade openness rate has been rising very fast in recent years, reaching an increase of 94% in 2019.
How to get Latvian citizenship
- The road to citizenship can start with the purchase of a property worth at least EUR 250,000 to obtain residency. Once you prove that you have lived in Latvia for at least 10 years, you can start the process of obtaining citizenship.
- The residence can also be obtained with an interest-free state security of at least EUR 250,000. This guarantees the residency of foreign citizens.
- You can also invest at least EUR 50,000 in the equity capital of a company in Latvia and also pay a price of around EUR 10,000 to the state budget.
- The real estate investment program for getting citizenship in Latvia has been recently suspended, so this is not an option for those interested.
- Interested applicants must be at least 15 years old to enter the process of obtaining citizenship in Latvia through naturalization.
What does Latvian citizenship by descent mean?
A short guide to immigration to Latvia
- First of all, you must make sure that you will have accommodation in Latvia. This is where the services of a real estate agency can be useful.
- On the other hand, depending on the country you come from, you must apply for the necessary visa, namely the Schengen visa. Citizens from the European Union do not need a visa to enter Latvia.
- The next natural step is to obtain a temporary residence permit in Latvia, which guarantees that you live legally in this country.
- If you have accepted a job in Latvia, the relocation process is quite simple, and the documents can be issued quickly. But if you do not work in Latvia, you will have to provide a sum of money in a personal bank account.
- It is necessary to register with the local authorities when entering Latvia. Certain documents can be used to obtain a residence permit.
- Citizenship in Latvia can be obtained in different ways, but you must prove that you have lived in this country for at least 10 years.
Why choose Latvia for relocation
- citizens of some nationalities can visit Latvia without a visa for up to 90 days;
- to reside in this country for a longer period or indefinitely, you will have to undergo some procedures to obtain a residence permit, the document that gives you the possibility to reside and perform various activities within the country, from working and studying to registering companies;
- there is an obligation of registering with the local municipality before starting the process of getting the residence permit in Latvia.
Immigration statistics for Latvia
- As the COVID-19 hit the economies on the global level, Latvia still maintained its GDP in 2020 almost the same as in 2019.
- The GDP growth reached around 2.8% in 2022, thanks to the solid expansion in exports and private consumption.
- In 2022, the government deficit reached 4.4% of the total GDP registered in Latvia, down from 7% as registered in 2021.
- According to economists, the GDP in Latvia is forecast to increase by 1.4% in 2023.