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Latvia
Investment Options
Investment – Minimum EUR 250,000
Processing Time
1-3 months
LOCATION SUMMARY
Latvia
Latvia launched its Residency by Investment program in 2010.
Discover it’s beautiful Capital City Riga, a calm Nordic beauty inviting you to enjoy a very diversified choice of excellent international restaurants or just to blend in to the Latvian City life, to experience the modern and historic side of a City you will love to be part of.
POPULATION
1,832,777
Population Growth: -0.8%
GDP
21,148 USD
GDP (per capita)
GDP (purchasing power parity)
39.85 billion USD
LOCATION
Northern Europe, on the eastern shores of the Baltic Sea
CAPITAL
Riga
DIFFERENCE
UTC+2
TOTAL AREA
64,589 sq. km.
AGE DEMOGRAPHICS
0-14 years: 15.32% (male 148,120/female 140,028), 15-24 years: 9% (male 87,372/female 81,965), 25-54 years: 40.41% (male 380,817/female 379,359), 55-64 years: 14.77% (male 125,401/female 152,548), 65 years and over: 20.5% (male 128,151/female 257,471) (2020 est.)
LANGUAGE
Latvian
RELIGIONS
Lutheranism (36%), Catholicism (17%), Eastern Orthodoxy (9%), Other Christians (2%), None (35%), Other (1%)
GOVERNMENT TYPE
Parliamentary Republic
CURRENCY
Euro (EUR)
EXCHANGE RATE
1 USD = 0.92 EUR
INVESTMENT BREAKDOWN
Process & Timeline
MONTH 1
PREPARATION TIME
- Consider what investment route you want to take
- Prepare all the necessary paperwork
- Submit your application to the Citizenship by Investment Unit
MONTH 2
PROCESSING TIME
- The Unit assesses your application
- Background check is conducted
- Your application is approved in principle
- You have 60 days from your application approval date to make a qualifying investment and provide proof of said investment
MONTH 3
RESIDENCY ISSUANCE
- Pay the residency fee and obtain your proof of residency
- Congratulations, you're now a resident of Latvia
Visa-free travel to 29 countries in the Schengen member states.
Benefits of Residency Program
- Visa-free travel to 29 countries in the Schengen member states.
- Residency is granted for main applicant, spouse and all children below 18 years of age
- Spouses and dependant children can be added after approval
- With PR easier settlement procedures in other EU countries
- No physical presence required
- Excellent flight connections through all large European Airports
Open the door to unlimited possibilities
We are dedicated to working with our clients to leverage opportunities