Latvia Residence by Investment | Mayuri Immigration Services

Introduction

The Latvia Residence by Investment Program is one of the fastest and most competitive residency programs in Europe. Launched on 1 July 2010, it has become a preferred choice for global investors seeking secure access to the Schengen Area, a stable investment environment, and a clear path to long-term residency and citizenship.

Since its inception, the program has attracted over EUR 1.3 billion in foreign investments, significantly boosting Latvia’s economy — more than EUR 1.1 billion of which came from real estate purchases by foreign investors.

Eligible Dependents

Your spouse and children under 18 can be included in the same application. Dependents enjoy the same residence rights and can live, study, and travel freely within the Schengen Area.

Path to Permanent Residence and Citizenship:
After 5 years of holding a residence permit, you may apply for permanent residency, subject to completing at least 4 years of physical residence within the 5-year period and successfully passing a Latvian language proficiency test.

After 10 years of continuous residence, you may become eligible for Latvian citizenship. Please note that renunciation of other citizenships is generally required, except in certain legally permitted cases.

Investment Options

Applicants can qualify for the Latvia Residence by Investment Program through one of the following routes:

Option 1

Company Investment

Commit EUR 50,000 into the equity capital of a Latvian company (the company must pay at least EUR 40,000 in annual taxes).
Make a one-time payment of EUR 10,000 to the state budget.

Option 2

Real Estate Purchase

Acquire property in Latvia valued at EUR 250,000 or more.
Pay a state fee of 5% of the property price.

Option 3

Other Financial Routes

Make a subordinated loan (deposit) in a Latvian bank.
Purchase interest-free government bonds earmarked for special purposes.

Proof of Financial Means

Applicants must demonstrate sufficient funds to support themselves and their family:

Single applicant

EUR 15,480 / year

Couple

EUR 20,640 / year

Couple + 1 child

EUR 22,188 / year

Key benefits

Visa-free travel across Europe’s Schengen Area

No minimum stay required to maintain or renew residency

Fast-track application process with approvals in just a few months

Widely spoken Russian language, ensuring smooth communication for CIS investors

Excellent transport links with Russia and EU member states

Eligibility to apply for citizenship after 10 years of legal residence

Attractive real estate market offering long-term growth potential

Application Process

A simple step-by-step journey from consultation to residence permit.

Step 1

Eligibility & Documents

Eligibility assessment and document preparation.

Step 2

Submit Application

Submission of application with proof of funds and investment plan.

Step 3

Due Diligence

Due diligence and government approval.

Step 4

Complete Investment

Investment completion and payment of state fees.

Step 5

Collect Residence Card

Travel to Latvia to collect your residence permit ID card.

Latvia

EUR 250,000

Across Europe’s Schengen Area