Investors can gain a five-year residency permit by investing €60,000 into a Latvian company, providing the business pays a minimum of €50,000 in tax per annum. Investor must also make a one-off donation of €10,000 to the government. Application and processing fees also apply.



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.

Visa Free Schengen countries
Time 3 - 6 Months
Government Fee €10,000
Business Investment €50,000

Latvia Golden Visa


  • Business investment of €50,000, plus €10,000 donation, plus fees.
  • Full family residency
  • Flexible. No requirement to reside
  • Renewable after 5 years
  • EU Schengen visa travel
  • Eurozone currency
  • Latvia is part of the Eurozone and is also a Schengen visa zone country

Permanent residency

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.

EU Long Term Residency

You can also for long term resident of European Union status after 5 years of living in Latvia. As a result, you may move to another EU country, you can live, study and work in that country, like Germany or Netherlands.


Applicants can apply for citizenship in Latvia after 10 years of residence

Would you like to find out more or check if you are eligible? If yes, please use the APPLY NOW to check your eligibility.


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