Schengen access
Travel freely across 27 European countries with your Latvian residence permit.
EU residency by investment
Latvia's Golden Visa programme offers the most affordable path to European residency. From EUR 50,000 company investment + EUR 10,000 state fee.
Why Latvia?
No minimum stay
No obligation to live in Latvia full-time. Visit once per year to maintain your permit.
Family inclusion
Your spouse and dependent children under 18 qualify under the same application.
5-year permit
Renewable indefinitely as long as the investment is maintained.
Path to citizenship
Eligible for permanent residency after 5 years and citizenship after 10 years.
EU business environment
Establish and operate businesses across the European single market.
How Latvia compares
Latvia offers the lowest investment threshold for EU residency.
| Country | Min. investment | Permit | Min. stay | Family |
|---|---|---|---|---|
| Latvia | EUR 50,000 + EUR 10,000 fee | 5 years | None | Yes |
| Greece | EUR 250,000 | 5 years | None | Yes |
| Portugal | EUR 500,000 | 2 years | 7 days/year | Yes |
| Spain | EUR 500,000 | 2 years | None | Yes |
We coordinate the entire process, working together with licensed legal advisors and Latvian authorities, and guide you at every step. The process from initial consultation to residence permit issuance typically takes 5 to 7 months.
Step 1: Initial Consultation
The process begins with an introductory call. We discuss your personal situation, nationality, residence, and family inclusion plans. We explain how the Latvian Temporary Residence Permit works, what rights it provides within Latvia and the Schengen Area, and how the SPV investment structure works as the legal basis for residency.
Fee: Free of chargeTimeline: Up to 2 weeks
Step 2: Compliance Check (KYC & AML)
You complete a KYC and AML questionnaire. We review it internally to comply with international anti-money laundering regulations and confirm the source of funds. Once approved, the process formally continues.
Fee: Free of chargeTimeline: Up to 3 days
Step 3: Service Agreement & Legal Introduction
We provide a detailed service agreement covering SPV structuring, legal coordination, residency support, and investment execution. You have up to two weeks to review. In parallel, we arrange a consultation with our licensed Latvian legal office to explain the immigration framework and SPV responsibilities.
Fee: Legal fee — EUR 3,500 + expenses up to EUR 2,500Timeline: Up to 2 weeks
Step 4: Process Initiation & Down Payment
After signing, you make an initial down payment to formally initiate the process. This enables our legal and administrative teams to begin preparing corporate and immigration documentation on your behalf.
Fee: Service agreement 1st payment — EUR 10,000Timeline: Up to 2 weeks
Step 5: Document Preparation
You provide personal documents required by Latvian immigration: passport copies, birth/marriage certificates, bank statements, and police clearance. If family members are included, equivalent documents are collected. Our legal team handles certified translations, notarisation, and apostilles.
Fee: Free of chargeTimeline: Up to 2–4 weeks (parallel with Step 4)
Step 6: SPV Capital Increase & Shareholder Registration
Our legal team prepares the corporate documentation for the SPV share capital increase. You sign the share acquisition application, transfer investment funds to the SPV bank account, and the Latvian Company Register officially records you as a shareholder — the legal foundation for your residency application.
Fee: Investment transfer EUR 100,000 · Legal EUR 500 · Service 2nd payment EUR 15,000Timeline: 3 to 4 weeks
Step 7: Official Invitation & Application Submission
The SPV issues an official invitation required by immigration authorities. Using this and your document package, you submit your application at the Latvian Embassy in your country. The embassy verifies completeness and forwards everything to the Office of Citizenship and Migration Affairs (OCMA).
Fee: Submission, mailing & notary — EUR 200–400+Timeline: 1 to 2 weeks
Step 8: OCMA Review
OCMA evaluates your application, investment structure, and compliance with Latvian immigration law. The review typically takes 30–90 days (up to 120 in rare cases). A positive decision triggers the state fee payment.
Fee: Latvian state fee — EUR 10,000Timeline: Up to 90–120 days
Step 9: Travel to Latvia & Permit Issuance
After approval, you travel to Latvia for biometric data collection and final verification at the OCMA office. You must present valid Latvian health insurance and a medical certificate confirming absence of tuberculosis. The residence permit card is issued to each applicant in person.
Fee: Medical review — EUR 350+Timeline: Up to 1 week
Step 10: Real Estate Investment Execution
With permits approved, we identify suitable commercial real estate opportunities. Professional valuation reports are ordered, financing arranged with a Latvian bank, and findings presented to investors. Upon collective approval, the SPV completes the acquisition.
Fee: Free of chargeTimeline: Up to 45 days
Step 11: Property Management & Ongoing Compliance
A professional property manager handles day-to-day operations, tenant relations, and rental income. To maintain your permit, visit Latvia once per year for card renewal. The SPV meets Latvian tax compliance, including annual tax payments of at least EUR 40,000 from VAT on rental income.
Fee: Covered from SPV operationsTimeline: Ongoing
Investment Summary
Service fees, legal advisory & state contributions
EUR 41,250
SPV real estate investment
EUR 110,000
Total investment
EUR 151,250
Timeline from day 1 to real estate acquisition
5 to 7 months
Requirements
- Valid passport with at least 12 months remaining
- Clean criminal record
- Proof of sufficient funds for investment
- Health insurance valid in Latvia
- Completed KYC/AML compliance check
- No EU sanctions or restrictions
Frequently asked questions
What is the minimum investment for a Latvia Golden Visa?
The minimum company capital investment is EUR 50,000, plus a EUR 10,000 state contribution. Through our managed SPV structure with commercial real estate, the total all-in cost starts from EUR 150,000.
Do I need to live in Latvia?
No. There is no minimum stay requirement. You only need to visit Latvia once per year to maintain your residence permit.
Can my family also get residency?
Yes. Your spouse and dependent children under 18 can be included in the same residency application at no additional investment cost.
How long does the process take?
The entire process — from initial consultation to residency approval — typically takes 5 to 7 months. The OCMA review itself takes 30 to 90 days.
What happens after 5 years?
After 5 years, you can apply for permanent residency in Latvia. After 10 years of continuous legal residence, you may apply for Latvian citizenship.
Is the investment safe?
All investments are structured through regulated Latvian SPVs with professional property management. You receive quarterly reports, and the real estate generates rental income throughout the investment period.
Ready to start?
Book a free consultation to discuss your residency and investment goals.
Book a Free Consultation