Latvia Residency by Investment Program
The Latvia Residency by Investment Program provides a fast and efficient way for investors and entrepreneurs to live, work, and invest in the EU. With a focus on business and investment, applicants can include family members and gain simplified access to Schengen countries.
Check Your EligibilityLatvia Residency by Investment
Latvia offers one of Europe's most affordable business-linked residency programmes, granting EU and Schengen access through a qualifying investment in an existing or newly established Latvian business.
- 5-year renewable temporary residency in an EU Schengen member state
- Business-linked residency aligned with active investment in the Latvian economy
- Simplified visa access to Canada, Japan, the UK, and the United States
- Access to the EU's 400 million-person consumer market for business and trade
- Educational benefits — children qualify for tuition at Latvian and EU institutions
- Pathway to permanent residency and Latvian citizenship after the qualifying period
At a Glance
- Program Type
- Residency by Investment
- Investment Starting From
- €50,000 – €100,000
- Visa-Free / Access
- Schengen
- Residency Required
- Minimal presence
- Family Members
- Can be included
Investment Required for Latvia Residency
Latvia residency can be obtained by investing EUR 50,000 in an existing Latvian business that meets salary and tax contribution thresholds, or by establishing a new business that satisfies minimum capital and monthly tax contribution requirements. This route is designed for active investors and entrepreneurs seeking EU market access.
Minimum Investment
Investment into an existing Latvian business from €50,000, or establishment of a new business with monthly state tax contributions of €850+.
Government & Fees
Residency application, due diligence, and processing fees apply per applicant.
Existing Business Investment
from €50,000
Estimated total cost
Qualifying capital investment into an established Latvian business meeting employee and tax criteria.
New Business Formation
from €100,000
Estimated total cost
Establish a new company with monthly state tax contributions of at least €850.
Family Application
from €55,000+
Estimated total cost
Additional government fees apply for each dependant included in the application.
Business structuring, legal registration, and ongoing compliance costs are quoted based on the chosen business route.
Latvia Residency by Investment Process
Step 1 – Initial Consultation
Sign an agreement with BFG Global Mobility to guide you through application strategy, due diligence, and legal procedures.
Step 2 – Business Registration
Register a Limited Liability Company (LLC) in Latvia or invest in an existing Latvian business that meets programme criteria.
Step 3 – Document Preparation & Submission
Prepare and submit passports, proof of funds, criminal record certificates, and business documentation to the immigration authorities.
Step 4 – Application Review
Latvian authorities review the file, verifying investment compliance, company activity, and due diligence.
Step 5 – Biometrics Appointment
Attend an in-person appointment to provide biometric data as part of the verification process.
Step 6 – Residency Card Issuance
Receive your official Latvian residency cards for you and eligible family members, granting residency rights and EU market access.
Processing Time for Latvia Residency
Estimated processing time for Latvia residency is 2–3 months from business registration and document submission.
- Business registration or qualifying investment into an existing company
- Document preparation, legalisation, and submission to authorities
- Government approval, biometrics appointment, and residency card issuance
Latvia Residency by Investment – FAQ
Key questions about the Latvia residency by investment programme, including minimum investment, family inclusion, timelines, and travel rights.
Investors should allocate at least EUR 50,000 into an existing Latvian business, or establish a new company that meets minimum salary and state contribution requirements.
Yes. Spouses and children can be included under a single application so that the family can live and study in Latvia and the wider EU.
Processing time is approximately 2–3 months, including business registration, document submission, authority review, and biometrics.
No Latvian language requirement exists for residency applications. Language requirements may apply only if you later pursue citizenship.
Latvian residency facilitates travel within the Schengen Area and provides access to the EU market. It also simplifies applications for visas to countries such as Canada, Japan, the UK, and the US.
Next Step
Check Your Eligibility for Latvia Residency by Investment
BFG Global Mobility provides a confidential eligibility assessment to determine whether you qualify for the Latvia program and to outline the most efficient pathway for your circumstances.
Check Your Eligibility