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.

View Geographic & Population Data

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