Citizenship by Investment in Latvia

Requirements for Latvian golden visa 

The path to Latvian citizenship

• If a foreign investor is planning to obtain Latvian residency by investment, he/she should keep in mind that he is not allowed to buy agricultural land, forests, or wood and cannot pay in cash. However, he/she is permitted to buy one or two properties depending on the location and must invest a minimum of  EUR 250,000. 
• An investment of EUR 50,000 in such a Latvian company's equity capital pays at least EUR 40,000 tax annually. The investor must pay EUR 10,000 to the state budget, and he/she will get the instant five years residency. The residency period can be extended after five years. A biometric ID card is also issued, and it is renewable after every year;
• The purchase of interest-free state securities for particular purposes at a nominal value of  EUR 250,000 for Latvian citizenship. The foreign investor needs to pay around  EUR 38,000 to the state budget. By making this investment, a person acquires a residence of five years which is extendable, and also a biometric ID card for five years.

When can you apply for Latvian citizenship

Things to know about the Latvian golden visa

• Travel all over Schengen Zone: Latvian residency grants you access to the whole Schengen area, visa-free. It means that you will be able to travel anyplace in the Schengen travel zone of Europe. There are no border controls required.
• Five years of residency: Certain countries will only allow residence for two years, only to need to extend the validity of your living. So even though you will be required to renew your visa in Latvia, you do not need to worry about having your residency denied for five consecutive years.
• Bring your entire family: You can include any dependent child, spouse, and your parents and grandparents (if they are financially dependent upon you) in one application.
• Speedy Processing: With a processing time between one and three months for applications for residency, Latvia offers one of the fastest routes to Europe's Schengen zone right now. Accelerate the process by collecting all of the required documents before.
• There is no physical residency requirement: You can come and go as you like, and you do not need to reside in Latvia. However, it would help to visit Latvia every year to keep your residency permit.
• Latvia is well connected: It is only 90 minutes from Moscow via air, and with so many connections to flights to all the European hubs, Latvia has excellent links to other nations.
• A favorable tax environment: Latvia has an average corporate tax of 9% and a government extremely open to foreign Latvia investment visas and new business ventures.
• A part of the Eurozone: The single currency zone can be advantageous for a variety of reasons. However, the most important reason is that it helps you save time and money. There are no foreign exchange charges and no need to hunt for the most competitive exchange rates and so on.
• Quality of living: You will be able to live a quality life in Latvia, a specific country, affordable Latvia investment visa, and European.

What you need to know before investing in Latvia

• The Latvian constitution prohibits discrimination and guarantees the fundamental rights of the people;
• 60% of subjects in the educational institutions are taught in Latvian or bilingually. This country also offers a unique education system in almost seven languages;
• According to Sense of Belonging to Latvia, more than 94% of national minorities can communicate in the Latvia language. 
• While Latvian is the official language of Latvia, English is widely spoken, especially in business circles. However, it's always a good idea to have a basic understanding of the local language to facilitate communication with local businesses and government officials;
• Latvia ranks among the top 15 countries in terms of gender equality.