European Union · Residency by InvestmentSchengen Visa-Free

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 Eligibility

Program Overview

Latvia 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

Cost Breakdown

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.

Process

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.

Timeline

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

Common Questions

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