Latvia Golden Visa 2025

Latvia Golden Visa: Your Ultimate Guide for 2025

Looking for a fast, affordable, and flexible way to gain EU residency? The Latvia Golden Visa 2025 program is one of Europe’s most attractive immigration-by-investment options. With a minimum investment starting from just €50,000, this residency program has opened the doors to Europe for thousands of global investors since its launch in 2010.

Under the Latvia Golden Visa scheme, eligible applicants can choose from four government-approved investment routes:

• Real estate investment

• Fixed bank deposit

• Business capital investment

• Purchase of government bonds

The application process is fast and efficient, typically taking 1 to 3 months from submission to approval. Successful applicants receive a 5-year renewable residence permit, which also serves as a pathway to permanent residency—granted if the individual resides in Latvia for at least four out of five years.

Key Details of the Latvia Golden Visa Program (2025)

The Latvia Golden Visa is a residency-by-investment (RBI) program introduced in 2010 with the goal of attracting foreign investors and supporting Latvia’s economic growth. It remains one of the most accessible and cost-effective pathways to European Union residency for non-EU nationals.

Who is Eligible?

To apply for the Latvia Golden Visa in 2025, applicants must meet the following criteria:

• Be a non-EU, non-EEA, and non-Swiss citizen

• Have a clean criminal record

• Make an eligible investment in Latvia

• Maintain legal and financial good standing

Family Inclusion

The program allows the main applicant to include:

• A spouse

• Children under the age of 18

• Adult children over 18 who are financially dependent on the main applicant

Investment Options and Minimum Amounts

Applicants can choose from the following investment types, with respective minimum requirements:

• Real estate purchase: €250,000

• Five-year term deposit in a Latvian bank: €280,000

• Government bonds: €250,000

• Business investment into a Latvian company: €50,000

The investment must be held for at least five years to maintain residency.

Processing Time

Latvia offers one of the fastest Golden Visa application timelines in the EU. Most applications are processed within one to three months from the date of submission.

Pathway to Citizenship

Latvia offers a route to citizenship for residents who:

• Maintain continuous residence in Latvia for four out of five years

• Pass a Latvian language proficiency exam at a minimum A2 level

• Demonstrate integration into Latvian society

Latvia permits dual citizenship, allowing applicants to retain their original nationality.

Travel Benefits and Taxation

Latvian passport holders enjoy visa-free access to 181 countries, including all Schengen countries and the United States. Latvia also offers competitive personal income tax rates, ranging from 25.5% to 33%, depending on income level.

What is the Latvia Golden Visa?

The Latvia Golden Visa, officially called the Latvia Investor Visa, was introduced on July 1, 2010 through an amendment to the country’s immigration law. It was created as a response to the 2008 global financial crisis, with the aim of attracting foreign capital and revitalizing Latvia’s economy.

As one of the first Golden Visa programs in Europe, Latvia’s initiative gained quick popularity due to its relatively low investment requirements, efficient processing, and clear pathway to EU residency.

The program is managed by the Office of Citizenship and Migration Affairs (OCMA), the sole government authority responsible for assessing applications and granting residence permits. The OCMA also publishes up-to-date guidelines and eligibility criteria for the Latvia Investor Visa on its official website.

Benefits of the Latvia Golden Visa Program

The Latvia Golden Visa is more than just a residency permit — it’s a strategic investment for those seeking greater mobility, financial security, and a better quality of life in Europe. Below are the key advantages that make this program one of the most attractive residency-by-investment options in 2025.

Fast Application Processing

In today’s fast-paced world, time is a valuable asset. Unlike many other European Golden Visa programs, Latvia offers a streamlined application process with minimal bureaucracy.

The typical processing time for a residence permit is just 1 to 3 months from the date of submission.

Please note: This timeline applies to residency applications, not to citizenship, which has a separate set of requirements.

Visa-Free Travel with a Latvian Passport

Global mobility is one of the most valuable benefits of obtaining a second residency or citizenship. A Latvian passport ranks among the top 15 globally, offering:

• Visa-free access to 116 countries, including the Schengen Zone, United Kingdom, and United States

• Visa-on-arrival in 48 additional countries

This makes Latvia an ideal hub for international entrepreneurs, frequent travelers, digital nomads, and retirees.

Pathway to EU Citizenship

The Latvia Golden Visa program provides a pathway to EU citizenship, once the necessary residency conditions are met. Holding an EU passport comes with numerous long-term advantages:

• The right to live, work, and study in any of the 27 EU countries

• Access to high-quality education, healthcare, and social benefits

• Opportunities to start or expand a business within the EU single market

• Double tax treaties with many countries, reducing the risk of double taxation

Family Inclusion

Latvia allows the main applicant’s spouse and children to be included in the Golden Visa application. Family members enjoy the same residency rights, including:

• Access to Latvia’s public education system

• Healthcare benefits

• Visa-free travel throughout the Schengen Area

Latvia’s capital, Riga, offers a safe and family-friendly environment with cultural heritage, green spaces, and strong social infrastructure.

Affordable Cost of Living

In an era of rising global inflation, Latvia offers a relatively low cost of living compared to other EU countries. With a minimum wage of €750 per month, everyday expenses such as housing, transportation, and food remain manageable—especially for families and retirees looking for a high quality of life at a lower cost.

Dual Citizenship Opportunities

Latvia permits dual citizenship under certain conditions, allowing investors to retain their original nationality while gaining Latvian citizenship. As of October 1, 2013, dual nationality is permitted for individuals who:

• Are citizens of EU or EFTA countries

• Are nationals of NATO member states

• Hold citizenship from Australia, Brazil, or New Zealand

• Obtain Latvian citizenship through marriage or adoption

• Are children of Latvian citizens

• Receive Cabinet approval based on national interest

This flexibility ensures that investors can expand their global presence without giving up their original identity.

Eligibility Criteria for the Latvia Golden Visa

After exploring the advantages of the Latvia Golden Visa, it’s important to understand who qualifies for this residency-by-investment program in 2025. Both main applicants and their family members must meet specific conditions to be eligible.

Main Applicant Requirements

To apply for the Latvia Golden Visa, the primary applicant must meet the following criteria:

• Must be a non-EU, non-EEA, and non-Swiss citizen

• Must not hold Russian or Belarusian nationality (as per recent exclusions)

• Must have a clean criminal record

• Must make a qualifying investment in one of the approved categories

• Must demonstrate financial stability

• Must hold valid health insurance that covers both the applicant and any included dependents

These requirements are designed to ensure that only reputable, financially sound investors are granted residency rights under the program.

Eligible Family Members

Latvia’s Golden Visa program allows investors to include family members in their application. Eligible dependents include:

• The spouse of the main applicant

• Children under 18 years of age

• Children aged 18 or older who are financially dependent on the main applicant

By including dependents, the Latvia Golden Visa becomes a family-friendly solution for those seeking long-term residence in Europe with added mobility and security.

Investment Options: How to Obtain Latvian Residency by Investment

Now that we’ve outlined who is eligible for the Latvia Golden Visa, let’s explore the four government-approved investment routes available in 2025. These investment options are the gateway to securing a 5-year renewable residence permit and eventually Latvian citizenship.

1. Real Estate Investment in Latvia

Applicants can qualify for the Latvia Golden Visa by purchasing property worth at least €250,000 within Latvian territory. This option is ideal for those looking to diversify their real estate portfolio while gaining residency rights in the European Union.

Important details:

• The property must be purchased in a single transaction (not split between multiple units)

• An additional government fee equal to 5% of the property’s purchase value is required

• The property must be maintained for a minimum of five years to retain residency status

2. Business Investment in a Latvian Company

Latvia offers one of the most affordable business investment routes among all EU residency-by-investment programs. There are two tiers based on the size and revenue of the company:

• Invest €50,000 in a Latvian company with fewer than 50 employees and an annual turnover under €10 million

• Invest €100,000 in a Latvian company with more than 50 employees and an annual turnover above €10 million

Additional requirements:

• A one-time government fee of €10,000 must be paid

• The business must remain operational throughout the investor’s residency period

This route is particularly attractive for entrepreneurs and business professionals seeking long-term access to the European market.

3. Fixed Bank Deposit in Latvia

This option requires the investor to place a €280,000 term deposit in a Latvian bank. The deposit must remain untouched for a period of five years.

Additional fees:

• A €25,000 state application fee applies

• The deposit must be held in a regulated Latvian financial institution

• No interest withdrawals or early access to funds are allowed during the term

This investment path is ideal for investors seeking a low-risk, passive option for residency.

4. Government Bond Purchase

Under this option, applicants must invest at least €250,000 in Latvian government bonds. These bonds are held by the investor for a fixed five-year period.

Key conditions:

• A state fee of €38,000 is required as part of the application process

• Bonds must be purchased directly from government-approved channels

• The bond investment must be maintained for the entire five-year term

This is a secure and transparent route for investors looking for stability and long-term value.

Latvia Golden Visa Cost Overview

Understanding the total financial commitment is key when evaluating the Latvia Golden Visa program. Each investment route comes with its own minimum investment threshold and associated government fees. Below is a detailed breakdown of the Latvia Golden Visa costs in 2025, depending on the selected investment type.

Real Estate Investment

• Minimum Investment: €250,000

• Additional Government Fee: 5% of the property value (€12,500)

• Total Minimum Cost: €262,500

This route is ideal for those looking to acquire EU property while gaining residency rights.

Business Investment – Option A

• Minimum Investment: €50,000 (for companies with fewer than 50 employees and under €10 million in annual turnover)

• Government Fee: €10,000

• Total Minimum Cost: €60,000

One of the most cost-effective paths to EU residency, particularly for entrepreneurs.

Business Investment – Option B

• Minimum Investment: €100,000 (for companies with more than 50 employees and above €10 million in annual turnover)

• Government Fee: €10,000

• Total Minimum Cost: €110,000

This option is suited for higher-capacity investors aiming to support larger Latvian businesses.

Bank Deposit Investment

• Minimum Deposit: €280,000 (fixed for five years)

• State Application Fee: €25,000

• Total Minimum Cost: €305,000

A secure, passive investment route for individuals seeking financial stability and minimal risk.

Government Bonds Investment

• Minimum Investment: €250,000 in Latvian government bonds

• State Fee: €38,000

• Total Minimum Cost: €288,000

Best for investors prioritizing long-term, government-backed financial instruments.

Latvia Golden Visa Requirements

To obtain a Latvia Investor Visa, applicants must meet several legal, financial, and procedural requirements. These criteria ensure the integrity of the program and the quality of applicants it attracts.

Minimum Stay Requirements

Unlike many other Golden Visa countries, Latvia does not impose a strict minimum stay requirement for maintaining residency. However, to keep your temporary residence permit valid, you must visit Latvia at least once every year for renewal purposes.

This makes Latvia an ideal choice for global citizens who wish to maintain flexibility in their travel and residence plans.

Due Diligence and Background Checks

All applicants must undergo a comprehensive due diligence process conducted by the Latvian authorities. This process verifies the legitimacy of the applicant’s funds and background to:

• Prevent money laundering and financial fraud

• Ensure applicants pose no security risk

• Protect the reputation of the Latvia Golden Visa program

Language and Cultural Requirements for Citizenship

If your long-term goal is to obtain Latvian citizenship, you must fulfill certain integration conditions:

• Pass a Latvian language proficiency test at a minimum A2 level

• Demonstrate knowledge of Latvian history and the national anthem

• Prove residence in Latvia for at least four out of five consecutive years

These cultural integration steps are required only for citizenship—not for maintaining residency.

Required Documents for Latvia Golden Visa Application

Applicants must prepare and submit the following documents as part of the Latvia Golden Visa process:

• A valid passport with at least six months of remaining validity

• Proof of the qualifying investment, such as real estate contracts, business shares, or bank deposit certificates

• Source of funds documentation, confirming the legality of the investment capital

• Bank statements or financial records showing the applicant’s ability to support themselves and any dependents

• A police clearance certificate from the applicant’s home country and any country of residence in the past five years

• Valid health insurance coverage for at least one year

• A completed Latvia Investor Visa application form

• Receipts or proof of payment for all state and government fees

Failure to provide accurate or complete documentation may result in delays or denial of the application, so careful preparation is essential.

How to Apply for the Latvia Golden Visa: Step-by-Step Process

Now that you’ve explored the benefits, requirements, and investment options of the Latvia Golden Visa, it’s time to understand how to apply. Below is a detailed guide outlining the application process for obtaining Latvian residency through investment in 2025.

Step 1: Make Your Investment and Prepare Required Documents

Before submitting your application, ensure that you meet all eligibility criteria, including:

• A clean criminal record

• Valid passport

• Financial documentation

Next, select and complete your qualifying investment — whether in real estate, business, government bonds, or a fixed bank deposit.

During this stage, you must also complete your application form and gather all necessary supporting documents, such as police clearance, proof of funds, health insurance, and payment receipts for applicable state fees.

Step 2: Submit Your Application to OCMA

Once your documents and investment are in order, submit your application to the Office of Citizenship and Migration Affairs (OCMA). If your initial application is approved, you will receive a temporary D-type visa.

You must then travel to Latvia to attend a biometric appointment. After this step, Latvian authorities will issue your residence permit, which is valid for five years.

Step 3: Renew Your Residence Permit Annually

Although Latvia has no minimum stay requirement, Golden Visa holders must visit Latvia at least once every year to renew and maintain their residency status.

During your annual visit, you’ll need to:

• Confirm that your investment is still in place

• Complete any registration or verification steps requested by local authorities

After five years of continuous temporary residence, you may apply for permanent residency.

Step 4: Apply for Permanent Residence

To qualify for permanent residence under Latvian law, you must fulfill the following conditions:

• Reside in Latvia for at least 4 out of 5 years, and stay a minimum of 183 days per year

• Maintain your investment for the entire 5-year period

• Pay taxes in Latvia during your residency

Once these conditions are met, you may transition from temporary to permanent residence status.

Step 5: Obtain Latvian Citizenship and Passport

After holding permanent residence and meeting the required residency criteria, you may apply for Latvian citizenship. This includes:

• Passing a Latvian language test (A2 level)

• Demonstrating knowledge of the country’s history and national anthem

• Fulfilling residency and investment obligations

Upon receiving citizenship, you can apply for a Latvian passport, with the following fee structure:

• €34 for applicants aged 20 to 62

• €15 for applicants under 20 or over 62

The Latvian passport provides visa-free or visa-on-arrival access to over 180 countries, solidifying your place as a global citizen.

Get the Latvia Golden Visa with Notte Global: How We Can Help

At Notte Global, we specialize in international investment advisory services, helping individuals and families from around the world secure residency or dual citizenship through reputable Golden Visa and Citizenship by Investment programs.

With our deep experience and tailored approach, we guide you through every step of the Latvia Golden Visa process — from choosing the right investment option to submitting your application and maintaining your residency status.

Our team understands the complexities of international migration and offers personalized support to ensure a smooth and successful journey toward European residency.

Contact our expert advisors today to explore the most suitable investment opportunities that match your goals — and take the first step toward living, working, and traveling freely across Europe.

Alternatives to Latvia’s Golden Visa Program

While the Latvia Golden Visa is one of the most affordable and long-standing residency-by-investment programs in Europe, it may not be the ideal choice for everyone — particularly those seeking a faster path to citizenship or less demanding integration requirements.

Latvia requires at least 10 years of residence and successful completion of a Latvian language test to obtain citizenship. For investors looking for greater flexibility or a quicker timeline, there are several attractive alternatives in both Europe and the Caribbean.

European Golden Visa Programs

Several European countries offer competitive Golden Visa programs with distinct benefits:

• Portugal Golden Visa: Known for its flexible fund investment options, Portugal offers a clear path to permanent residency and citizenship, with minimal stay requirements and access to the Schengen Area.

• Greece Golden Visa: Ideal for investors seeking real estate opportunities. Greece allows residency through property purchases starting at €250,000, with no stay requirement and visa-free travel throughout Europe.

• Italy Investor Visa: Offers a variety of routes including investments in government bonds, startups, or Italian companies. It is suitable for investors who want to settle in a major European economy with a strong business environment.

Caribbean Citizenship by Investment (CBI) Programs

For those prioritizing speed, global mobility, and tax advantages, the Caribbean offers powerful CBI options:

• St. Kitts and Nevis, Dominica, and Antigua and Barbuda offer full citizenship through either real estate investment or a government donation.

• These programs typically require no residency, offer dual citizenship, and allow visa-free access to 140–150+ countries, including the UK and Schengen Zone.

• Application processing is fast — usually completed within 6 to 9 months.

These programs are especially popular with international entrepreneurs, frequent travelers, and families seeking passport diversification and tax optimization.

FAQs on Latvia’s Residence by Investment Program

Can I retire in Latvia through investment?

Yes, you can retire in Latvia by applying through the Latvia Golden Visa or other residency visa programs. With its low cost of living, stable economy, and high quality of life, Latvia is an increasingly popular choice for retirees from the United States, Canada, and other parts of the world.

Can I get residency in Latvia if I purchase real estate?

Yes. Purchasing real estate is one of the core investment options under the Latvia Golden Visa program. By investing a minimum of €250,000 in approved property, you can obtain a 5-year renewable residence permit in Latvia.

Is Latvia part of the Schengen Zone?

Yes, Latvia is a member of the Schengen Area, which allows visa-free travel to 26 other European countries. This makes Latvia’s residency by investment program particularly attractive for investors seeking global mobility and freedom of movement within Europe.

Do people speak English in Latvia?

While Latvian is the official language, English is widely spoken, especially in urban areas, tourist destinations, and among younger generations. Expats from English-speaking countries often find it easy to communicate and settle in cities like Riga, making Latvia an appealing destination for relocation.