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Invest in a second passport from one of these countries and become a global citizen with visa-free access to over 180 countries.
Latvia is a charming Baltic nation in Northern Europe, renowned for its beautiful natural landscapes, rich history, and rapidly growing economy. The Latvia Residence by Investment Program offers investors and their families the opportunity to secure residency in a dynamic EU member state, strategically positioned between major European and Nordic markets.
Investments through this program contribute to Latvia’s economic development, encouraging growth in key sectors such as real estate, infrastructure, and innovation. With its high standard of living, excellent connectivity, and favorable business environment, Latvia provides an excellent gateway to Europe for those seeking a stable and prosperous base in the region.
Latvia, officially The Republic of Latvia is one of three Baltic states nestled in Northern Europe that is famous for its medieval architecture, and interesting and diverse cultural scene. With Estonia to the North, Russia and Belarus to the East, and Lithuania to the South, it spans 64,589 square kilometers and is home to a population of approximately 1.8 million people.
The capital of Latvia is Riga, a UNESCO World Heritage site that is famous for its extraordinary ‘Art Nouveau’ architecture, celebrated old town, and burgeoning festivals. On top of all of that, Latvia is also home to serene forests, charming beaches, and picturesque small towns, giving it a rare range stemming from developed urban cities to quaint natural beauty.
Politically, Latvia is a parliamentary republic with a stable and democratic framework, and it is a member of the World Trade Organization as well as the European Union, with the Euro officially becoming the country’s currency on 1st January 2014, superseding the Lats. Latvia has boasted one of the highest GDP growth rates in Europe since the year 2000, making it an appealing destination for residency by investment. Its strategic location serves as a gateway between Europe and the Nordic region, providing investors with excellent connectivity to key markets for businesses and commerce.
The capital of Latvia is Riga
The currency is Euro (EUR)
The current population as of 2025 : 1,858,298
60,000 EUR
Minimum Investment
Schengen Area
The right to live, own a business and travel Visa-free within the
6
Time To Residency
Investing in a second citizenship provides greater global mobility, financial freedom, tax advantages, and access to a secure, high-quality lifestyle, all while ensuring long-term security for you and your family.
Visa free access to the entire Schengen Area.
Applicants can include their spouse and children under the age of 18 years.
Holders of the Latvian Golden Visa will be considered non-residents if they spend less than 183 days every civil year, and do not face worldwide taxation.
Golden Visa holders just need to visit Latvia on a yearly basis for 48 hours to renew their residence permit.
Permanent Residency is obtainable after residing physically in Latvia for 5 years. Application for Citizenship can be submitted after residing physically in Latvia for 10 years.
Applicant must successfully pass due diligence in order to apply for Latvia residency by investment program.
Applicant must be 18+ years of age.
Applicant must not have any criminal record.
Applicant must have a legitimate source of income.
There are four investment options to acquire the Residence by Investment in Latvia. The first is through a company investment; EUR 50,000 equity investment in a Latvian company that:
Next, there is Real Estate, where an investor must pay EUR 250,000 in real estate in Latvia, along with a one-time government fee corresponding to the equivalent of 5% of the purchase price.
The third option is through Special Bond Investment, requiring the applicant to invest EUR 250,000 in special purpose, interest-free bonds, along with a one-time government fee of EUR 38,000.
Finally, you can obtain the residence through a bank deposit. An applicant must deposit EUR 280,000 in a Latvian bank for a period of five years, along with a one-time government fee of EUR 25,000.
The application process for Latvia Residency by investment is straightforward, and applications are currently being processed in 6 months. The application process can be divided into the following stages:
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The Latvia Residence by Investment Program is governed by a robust legal framework designed to ensure transparency and compliance. The program is based on the following legal and regulatory foundations:
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Latvia is located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast, with a coastline along the Baltic Sea to the west. The country spans 64,589 square kilometers, featuring diverse landscapes such as dense forests, rolling hills, pristine lakes, and over 500 kilometers of coastline. Latvia’s terrain is primarily flat, with some low mountain ranges, such as the Vidzeme Highlands.
Riga, the capital city of Latvia, is the largest city in the Baltic States and is seen as the country’s cultural hub. Situated on the banks of the Daugava River, Riga is known for its world famous medieval architecture, particularly its UNESCO World Heritage-listed Old Town, and its impressive Art Nouveau buildings. As Latvia’s political, financial, and educational center, Riga is not only the country’s most populous city but also a key player in the Baltic region, with excellent connectivity and a growing international presence.
Latvia’s official language is Latvian, a Baltic language that belongs to the Indo-European language family. It is one of the oldest languages in Europe, with its roots tracing back over a thousand years. Latvian is known for its rich phonetic structure and unique vocabulary, preserving many ancient linguistic features not found in other European languages, making it is one of the most unique languages in the continent. While Latvian is the primary language spoken by the majority of the population, Russian is also widely understood, particularly among older generations, due to Latvia’s history as part of the Soviet Union. English is also increasingly spoken, especially in urban areas and among younger people.
Latvia has a rapidly growing economy, with key sectors including manufacturing, services, agriculture, and information technology. As a member of the European Union, Latvia benefits from access to the single market and has seen significant growth in exports, particularly in machinery, wood products, and agricultural goods. With a stable macroeconomic outlook, low unemployment, and a strong focus on economic modernization, Latvia continues to be an appealing destination for investment.
Latvia is a member of several key international organizations, showing its strong commitment to global cooperation and integration. These include:
European Union (EU) – Latvia has been a member since 2004, benefiting from access to the single market and contributing to EU policies and initiatives.
North Atlantic Treaty Organization (NATO) – Latvia joined NATO in 2004, enhancing its security and defense cooperation with other member states.
United Nations (UN) – Latvia is a member of the UN since 1991, participating in a wide range of global initiatives and peacekeeping efforts.
World Trade Organization (WTO) – Latvia has been a member since 1999, playing an active role in promoting free trade and economic cooperation.
Organization for Security and Co-operation in Europe (OSCE) – Latvia is a member, contributing to peace and stability in Europe and beyond.
Council of Europe – Latvia is a member, working to promote human rights, democracy, and the rule of law across the continent.
Eurozone – Since 2014, Latvia has been a member of the Eurozone, using the Euro as its official currency.
Latvia passport holders have visa-free access to the entire Schengen Region.
There are four investment options to acquire the Residence by Investment in Latvia. The first is through a company investment; EUR 50,000 equity investment in a Latvian company that:
Next, there is Real Estate, where an investor must pay EUR 250,000 in real estate in Latvia, along with a one-time government fee corresponding to the equivalent of 5% of the purchase price.
The third option is through Special Bond Investment, requiring the applicant to invest EUR 250,000 in special purpose, interest-free bonds, along with a one-time government fee of EUR 38,000.
Finally, you can obtain the residence through a bank deposit. An applicant must deposit EUR 280,000 in a Latvian bank for a period of five years, along with a one-time government fee of EUR 25,000.
Applications for the Latvia Residence by Investment Programme are currently being processed in just 6 months.
Once an application is approved, the investor must fulfil the financial requirements to complete the process. Accordingly, a Citizenship Certificate will be issued to Passport Legacy, a government-authorised agent, which will then be shared with the investor to ensure that all information is valid and correct. Once checked and approved, the Citizenship Certificate will be submitted to the passport office for Passport Issuance.
Passport Legacy is a trusted residence and citizenship by an investment firm recognized for delivering best immigration services globally. Passport Legacy specializing in citizenship and residence by investment programs, comprises internationally licensed lawyers, investment advisors, and immigration experts. Our dedicated team of professionals are recognized for delivering the best dual citizenship,passport and visa services. Trust Passport Legacy to be your reliable partner to support on your path to a successful global future.
We offer a diverse range of Citizenship by Investment programs
Additionally, we provide Residence by Investment programs in sought-after destinations such as
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