INVESTOR GOLDEN VISA IN LATVIA
Latvia introduced its golden visa programme in 2010. Investors can gain a five year residency permit by investing €250,000 in property. The new limit introduced in 2014 applies to the first 800 applicants. After that the investment limit rises to €500,000. In addition there is a government processing fee of €25,000 or 5% of the property value.
Investment of €250,000
Full family residency
Flexible. No requirement to reside.
Renewable after 5 years
EU Schengen visa travel
Latvia is part of the Eurozone and is also a Schengen visa zone country. Hence residency in Latvia enables investors to travel throughout the EU Schengen visa zone. Applicants can apply for permanent residency after five years but must have lived in the country for most of that time. The Latvian capital Riga is just 90 minutes by air from Moscow. Most of the residents in Latvia speak Russian and Latvia is a popular destination for Russians seeking investor visas, residency and citizenship in Europe.
The applicant can apply for Latvian Permanent Residence after they have resided in the country for a minimum of five years. They must have resided in the country for a minimum of four of those years, have knowledge of the language, general history and national anthem.
Applicants can apply for citizenship in Latvia after 10 years of residence.
COMPARE GOLDEN VISA PROGRAMMES
Latvia is not the only country in Europe offering a golden visa programme through real estate investment. Visit our pages on Portugal, Spain, Greece and Cyprus to compare the investment requirements and benefits of residency and citizenship in these countries.
Hijrah Advisors is leading Dubai based immigration service provider with proven records of successful immigrants around the world.