🇱🇻 Latvia — EU Residency by Investment
The most cost-effective gateway to European Union residency. Latvia's investment residency program offers fast approval, a stable business environment, and full access to the Schengen Area — all from one of Europe's most affordable entry points.
Latvia's Residency by Investment program is one of the Baltic region's most compelling immigration pathways. As a full EU and NATO member state, Latvia provides investors with EU residency rights, Schengen mobility, and access to the EU single market.
The program is designed to attract foreign investment into Latvia's growing economy. Investors can choose from real estate investment, company share capital investment, or investment in subordinated liabilities of a Latvian credit institution — making it highly flexible.
A particularly attractive feature is the rapid processing timeline of 30–90 days, one of the fastest in Europe. The initial permit is valid for 5 years, after which investors can apply for a 5-year extension or permanent residency.
At just €50,000 minimum, Latvia offers the lowest-cost EU residency in Europe.
Approval in as little as 30 days — one of the fastest residency programs globally.
Travel freely across 26 Schengen countries without additional visas.
Full access to the EU single market for business operations and trade.
Latvia's digital economy is one of the fastest-growing in the Baltic region.
Clear pathway to permanent EU residency after 5 years of investment maintenance.
Identify the best investment route and structure for your needs.
Register company or purchase real estate in Latvia with our legal partners.
We compile and certify all required documentation for submission.
Submit to the Office of Citizenship and Migration Affairs (OCMA).
Attend a single appointment at the Latvian embassy or in Riga.
Receive your 5-year Latvian temporary residence permit.
Yes. At €50,000 minimum for a business investment (plus an annual state fee), Latvia's residency by investment program is one of the most affordable EU residency options available globally, making it ideal for those seeking cost-effective European Union access.
The formal requirement is minimal — you must visit Latvia at least once during the 5-year permit validity period. However, if you intend to apply for permanent residency after 5 years, you will need to demonstrate closer ties to Latvia including language proficiency (A2 Latvian) and longer periods of physical presence.
Yes. The investment residency permit grants you the right to work and do business in Latvia without any additional work permit. You can also freely travel and work in other EU countries subject to those countries' rules.
After 5 years of investment residency, you can apply for permanent residency. To then qualify for Latvian citizenship through naturalization, you would need to be a permanent resident for at least 5 more years, speak Latvian at B1 level, pass a civics test, and renounce your original citizenship (Latvia generally does not allow dual citizenship except in specific cases).
In addition to the qualifying investment, Latvia charges an annual state fee of €5,000 for real estate investors and €10,000 for business investors. This fee contributes to the Latvian state budget and is a recurring annual obligation for the duration of your residency permit.
Our Baltic region specialists are ready to guide you through the most affordable path to EU residency available today.
