Latvia
LATVIA
The Republic of Latvia is one of the three Baltic states located in Northern Europe sharing borders with Estonia to the North , Russia and Belarus to the east and Lithuania to the south. Renowned for its medieval architecture and diverse cultural scene , the country has a population of approximately 1.8million people .
Politically, Latvia is a parliamentary republic with a stable and democratic governance structure. It is a member of both the World Trade Organization and the European Union, having adopted the Euro as its official currency on January 1, 2014, replacing the Lats. Since 2000, Latvia has maintained one of the highest GDP growth rates in Europe, positioning it as an attractive destination for investment and residency. Its strategic location acts as a gateway between Europe and the Nordic region, offering investors excellent connectivity to key markets for business and commerce.
QUALIFYING CRITERIA :
- Applicants must be at least 18 years of age
- A clean criminal record is required.
- Proof of legally sourced funds .
- Must be a third-country national (i.e., not a citizen of the EU).
- Dependent children must be under 18 years of age at the time of application.
€330,000 Mixed Investment
N/A
Real Estate
6-8
Months
26 Countries & Territories
KEY BENEFITS
Fast Processing Time:
Residency is granted only within 2–3 months time period.
Minimal Residency Requirement:
Only 1 visit required (for 48 hours )per year to maintain the residency .
Family Inclusion:
Applicants can include their spouse and children under 18years old under the same application.
Competitive Tax Regime:
Holders of the Latvian Golden Visa are considered non-residents if they spend fewer than 183 days in the country per calendar year, and are therefore not subject to worldwide taxation
Pathway to Permanent Residence
Permanent residency in Latvia can be obtained after five years of continuous physical residence, while eligibility to apply for citizenship is granted after ten years of physical residence.
Tax Relief:
Malta has one of the lowest taxation rates in Europe with no foreign income tax, inheritance tax and withholding tax on interest earned.
INVESTMENT OPTIONS
Option 3: Special Bond Investment
The applicant needs to invest EUR 250,000 in special purpose, interest-free bonds, along with a one-time government fee of EUR 38,000.
Option 4: Bank Deposit
The 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.
Option 1: Investment in a Company
Equity Investment of EUR 50,000 in a Latvian company that:
• Annually pays at least EUR 40,000 in taxes
• Employs less than 50 people
• Has a revenue of less than EUR 10,000,000
Apart from the above , a one-time government fee of EUR 10,000 has to paid as well.
Option 2: Real Estate Investment
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.