Investment Visa Overview

Latvia Residency & Citizenship options

Latvia is a Schengen state, and Latvia residency by investment offers many benefits. Latvia residency by investment grants access to the European Union (EU) for its citizens. Latvia is a highly safe country with a very low crime rate. The standard of living in Latvia is one of the highest in the world. And there are many opportunities for education and work. Latvia residency by investment is a great opportunity for those who want to live and work in Europe. There are two ways to obtain Latvia residency by investment: through the Latvia Investment Immigration Program or through the Latvia Residency by Investment Program.

Program 1
  • Name
    Latvia Investor Visa - Bond Option
  • Description

    Purchase interest-free government bonds determined for special purpose.

  • Requirements

    250,000 Euro+ 38,000 Euro (donation to state budget)

  • Validity
    5 years
  • Investment Type
    Passive
  • Avg. Processing Time
    3 months
  • Investment Amount
    288,000 EUR
  • Avg. Agent Fee
    N/A
  • Physical Presence Requirement
    181 days of the year
  • Can family be included?
    Yes
Program 2
  • Name
    Latvia Investor Visa - Credit Institution
  • Description

    Subordinated obligations owed to a credit institution of the Republic of Latvia in the amount of at least 280 000 EUR and with a term of at least five years.

  • Requirements

    Invest 280,000 Euro+ 25,000 Euro (donation to state budget)

  • Validity
    5 years
  • Investment Type
    Passive
  • Processing Time
    3 months
  • Investment Amount
    288,000 EUR
  • Avg. Agent Fee
    N/A
  • Physical Presence Requirement
    181 days of the year
  • Can family be included?
    Yes
Program 3
  • Name
    Latvia Investor Visa - Real Estate
  • Description

    The real estate has to be acquired from a legal entity registered in the Republic of Latvia or a Member State of the European Union, any country of the European Economic Area, or the Swiss Confederation and which is a taxpayer in the Republic of Latvia within the meaning of the tax laws of the Republic of Latvia; or the real estate was acquired from a natural entity who is a citizen of the Republic of Latvia, a -citizen of the Republic of Latvia, a citizen of the Eu, or a Swiss national.

  • Requirements

    At the time of purchase, the total cadastral value of the real estate exceeds eighty thousand euros. If a foreigner acquires two immovable properties outside of Riga or Jurmala, or in Adazi, Babite, Baldone, Carnikava, Garkalne, Ikskile, Kekava, Marupe, Olaine, Ropazi, Salaspils, or Stopini, the cadastral value of each property must be at least EUR 40,000 at the time of acquisition. If the cadastral value is below the amounts mentioned in this subclause, the total value of the real estate according to the real estate market value determined by a certified real estate appraisal shall not be less than EUR 250 000 or, if a foreigner has acquired two immovable properties – the market value of each immovable property may not be less than EUR 125 000; the real estate must not include agricultural land or wooded land.

  • Validity
    5 years
  • Investment Type
    Real Estate
  • Processing Time
    3 months
  • Investment Amount
    250,000Euro + 5% of the actual property value (donation to state budget)
  • Avg. Agent fee
    250,000Euro + 5% of the actual property value (donation to state budget)
  • Physical Presence Requirement
    181 days of the year
  • Can family be included?
    Yes
Program 4
  • Name
    Latvia Investor Visa - Share Capital
  • Description

    The applicant for the share capital investor visa option, has to invest in the share capital of a company with the intent of increasing it, or invest in the share capital of a new business company.

  • Requirements

    This investment is at least 50,000 EUR and is made in a company with fewer than 50 employees and an annual turnover or balance of less than 10 million EUR.

  • Validity
    5 years
  • Investment Type
    Active or Passive
  • Processing Time
    3 months
  • Investment Amount
    50,000 Euro + 10,000 Euro (donation to state budget)
  • Avg. Agent Fee
    N/A
  • Physical Presence Requirement
    181 days of the year
  • Can Family be included?
    Yes
Official Government Website
Passport Overview

According to the SovSpot Passport Ranking Index, the Latvian passport is presently ranked 12th. It allows people to travel to 184 countries without needing a visa. It is one of the best-ranked passports in the world, with a high mobility score. Visa-free travel and visa-on-arrival are available to Latvian passport holders in countries such as the United Kingdom, United Arab Emirates, Japan, and the European Union as a whole. This enables for almost instantaneous travel opportunities all around the world. Latvian passport holders, on the other hand, need a visa to visit around 45 countries throughout the world. China, India, and Australia are among the countries that require a visa.

Passport Rank

12

Visa Free Countries

184

Mobility Stats
  • Dual Citizenship Allowed?
    Yes
  • Visa Free Destinations
    140
  • Visa on Arrival
    35
  • Visa Online
    9
  • Visa Required
    13
  • Visa Free Access
    Schengen, USA, UK, Canada, Japan
  • World Surface Area Reachable
    58%
  • Unesco Heritage Sites Access
    45%
Passport Ranking Factors

Latvia Passport Visa Free Countries

The number of countries Latvia passport holders can enter without a visa (i.e. visa-free countries) and those Latvia passport holders can enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) or an electronic travel authorization is added up to determine the Latvia passport ranking relative to other global passports (eTA). There are now 140 visa-free countries for Latvia passport holders, 35 visa-on-arrival countries for Latvia passport holders, and 9 eTA destinations. In total, Latvia passport holders can visit 184 countries without a visa, via a visa on arrival, or using an eTA. As a result, Latvia's passport is currently ranked 12th in the world. Apart from the visa-free and visa-on-arrival countries, Latvia passport holders must get a physical visa or an eVisa to visit 45 other countries (i.e. visa required countries).

Citizenship by Descent

Latvian Citizenship by Descent

According to Latvia's Citizenship Laws, you are eligible for citizenship by descent if you meet the following criteria:

  • You have a parent, grandparent, or great-grandparent who was a citizen of Latvia before to 17 June 1940.
  • You have a parent, grandparent, or great-grandparent who was a Latvian citizen but was forced to leave the country between June 17, 1940 and March 4, 1990 due to Nazi and Soviet rule.
  • If you can prove that your ancestors were Latvian citizens as far back as the third generation, you may be eligible for citizenship by descent in Latvia.
Citizenship by Descent - Details
  • CBD Available?
    Yes
  • Generations
    1
  • Avg. Processing Time (mo.)
    3
  • Avg. Cost
    100
Citizenship by Descent - Footnotes

Note: Keep in mind that the costs for citizenship by descent applications can vary and depend on many factors, such as:

  • The availability of official documents in different countries (if past family members migrated);
  • The availability of historic documents;
  • Sworn translation costs;
  • Price only includes main applicant, in case of adding children or spouses, this can incur additional costs);
  • Whether or not a genealogist is needed to prove ancestry;
  • Other unforeseen costs.

* In the case of first generation citizenship by descent, we assumed ONLY administration costs, which will be around $100 or less (usually free if application is done in the same country versus foreign embassy or consulate)

Latest Articles on Citizenship
Digital Nomad Visa

Section under construction

We are currently working on updating all countries with digital nomad visas, check back soon. If you register we will send out a notification email as soon as these are added.

Latest Digital Nomad Visa News
latvia-digital-nomad-visa

Latvia digital nomad visa

Latvia digital nomad visa Latvia Introduces Digital Nomad Visa Only for Citizens From OECD countries The Latvian government introduced its digital remote work visa, which

Read More »
Advertiser
safetywing banner