Latvia

Latvia is a baltic EU member state. The country is also a member of schengen agreement. The currency is Euro. Latvia has cheap very affordable costs of living compared to other european countries. Latvia has extreme cold weather in winter and cool summers. The main industry in Latvia is processed foods, textiles, machinery and equipment. The currency is Euro. Latvia has good real estate market in the capital Riga. Latvian and russian are widely spoken languages in the country.

Residence program

Investor residence from €50,000 (company route).

Citizenship program

No citizenship by investment. Naturalisation after 10 years of legal residence.

Investment Name

Latvia golden visa

Minimum Investment

€50,000

Qualifying Investments

• €50,000 business capital investment + €10,000 state fee + €20,000 processing fee
• €200,000 in business investment in a latvian company

Visa type:

D visa, Temporary EU Residence Permit (schengen)

Residency Requirements

None

Permanent Residency

Immediate

Latvian Citizenship

After 10 years of residence

Dual Citizenship

Restricted. Dual citizenship is only possible in some cases.

Latvia VAT

21%

Latvia Taxes

Unless you live in Latvia for more than 180 days.

Processing time

6+ months

Last reviewed November 2026. Programme rules change often, so confirm details with us before investing.