- +97144308028
- Emaar Business Park, Dubai
- Monday - Friday | 9:00 - 18:00
- +97144308028
- Emaar Business Park, Dubai
- Monday - Friday | 9:00 - 18:00
Latvia
Details and Benefits of Latvia Residency By Investment
The Latvia Residency by Investment program is a residency permit scheme designed for non-EU citizens seeking to obtain a legal residence status in Latvia through investment.
Latvia introduced this program in 2010 as part of its efforts to attract foreign investment and stimulate economic growth after the global financial crisis. Since its launch, the program has helped increase foreign capital inflow and business development in the country.
The Latvia Residency by Investment program offers investment options primarily in real estate acquisition or capital investment in local businesses or bank deposit, allowing applicants to secure a temporary residence permit, which can lead to permanent residency and eventually citizenship under certain conditions.
Benefits of Latvia Residency
European residency in 4 – 6 months
5-year renewable residency
Full access to the Schengen Zone
Includes spouse and dependent children below 18
Path to permanent residency or citizenship
Capital returned after 5 years, or can be renewed for another 5 years
Steps and Timeline
Step 1: Prequalification of the primary applicant.
Step 2: Citizenship Bay and the client enter into a service agreement.
Step 3: The client explores available investment options and selects the one that best aligns with their goals
Step 4: Due diligence is carried out by the financial institution in Latvia and clearance is given to invest
Step 5: A qualifying investment is made by the applicant
Step 6: Advice and assistance are provided to the client for the preparation of documents and government forms
Step 7: An appointment is made for the applicant to submit the application in person at a Latvian diplomatic mission abroad or at the immigration department in Latvia
Step 8: Receive approval on your application from the Latvian government and pay the applicable state fees
Step 9: Travel to Latvia to submit biometrics
Step 10: Receive your Latvian Temporary Residence Permit (TRP)