Latvia Golden Visa

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Overview

The Latvia Golden Visa is a five-year renewable residency which allows the investor, the investor’s spouse, children under the age of 18, the investor’s parents, and parents of the investor’s spouse to obtain an EU residency via a refundable investment of 100,000 EUR in a government eligible company. The Latvia Golden Visa allows visa-free travel throughout the EU, and may also lead to a Latvia Passport after 10 years of holding Latvian residency.

Government

Parliamentary Republic/ Representative Democracy

Population

1,882,000

Official Language

Latvian

Climate

4 degrees C Winter I 19 degrees C Summer

Member of

European Union, Eurozone, NATO, OECD, International Monetary Fund, World Trade Organization

Time to Residency

1-2 weeks (if applying from within Latvia) or 3-4 weeks (if applying from outside of Latvia)

Latvia Residency by Investment Process

Step 1

Candidate is onboarded through the collection and verification of passport and completion of the KYC document along with the refundable 10,000 EUR onboarding fee. They must also provide proof of address to begin the Latvia residency by investment process.

Step 2

Offering documents are signed including: Power of attorney, Deposit Agreement, Shareholder Agreement.

Step 3

An Investment in Latvia of 100,000 EUR is made, and proof of funds transfer is included with the application for submission.

Step 4

Civil documents are collected, and a one-time state budget investment of 10,000 EUR is made.

Step 5

If favorable, the investor and dependents will travel to Latvia for biometrics and collection of residency card within 1-2 weeks (if already within Latvia) or 3-4 weeks (if outside of Latvia).

Latvia Golden Visa Requirements

Those who have invested may be granted a Latvian golden visa if they:

  • Invest 100,000 EUR in a Latvian legal establishment
  • The establishment must have 50+ number of employees the company is doing a legitimate business activity
  • The company has a 10M EUR annual turnover
  • The company has financial viability
  • The company fulfills the requirement of 100,000 EUR per year for tax compliance clear source of funds

The Latvian Golden Visa can include:

  • Investor
  • Investor’s spouse
  • Children under age of 18 parents of the investor
  • Parents of the investor’s spouse
Find out more

Those holding a Latvia Golden Visa are eligible for exclusive benefits, including: Visa-Free Travel throughout the EU and Schengen zone

  • Path to a Latvian citizenship anda  Latvian passport after 10 years of holding Latvian residency 
  • Renewable residency for unlimited time
  • Ability to live and work in Latvia
  • Ability to apply for a Blue Card for living and working throughout the EU Healthcare
  • No minimum physical residency requirement to maintain or renew residency
  • Free hotel stay 7 days a year in Latvia or the company’s other hotels anywhere in the world
Find out more

Latvia Golden Visa Exclusive Benefits

Latvia Golden Visa Legal Framework

Article 23, Paragraph one, Clause 28(c) of the Latvia Immigration Law states that a foreigner (national of a non-EU member state) has the right to request a Latvia temporary residence permit in accordance with the procedures laid down in the Law for a period not exceeding 5 years if:

  1. A foreigner has invested in the share capital of the company, increasing it, or has invested in the share capital of the company, founding a new capital company, and, upon requesting the first temporary residency permit, and also the investment is at lease EUR 100,000;
  2. It has been invested in the share capital of the company, which together with one or more subsidiary companies registered in the Republic of Latvia, employ more than 50 employees; and
  3. The total annual turnover or annual balance of which exceeds EUR 10 million.
  4. The state duty for submission of the application paid into the state budget is EUR 10,000 per applicant.

This Latvia investment program provides a temporary residence permit for applicants is issued for up to 5 years with annual registration. After the 5-year term, a foreigner can renew the temporary residence permit and reapply. It is noted that this is a technical requirement for annual registration and renewal after the 5-year term passes. This is to control the application process and if no breaches of law are committed by the foreigner, there should not be any obstacles for obtaining the new permit.

About Step Global

Step Global is the leading immigration consultancy and advisory firm headquartered in Dubai, United Arab Emirates – a hub for effectively servicing clients from the GCC and MENA region, including India and Pakistan. We are comprised of a network of globally licensed lawyers, investment advisors, immigration specialists, and real estate experts who provide active guidance through the entire immigration process. Acting as a single point of contact between all parties involved, we ensure the most optimal chances for approval of your application for migration.

Our partner firms meet high standards to be part of our international network and are respected by peers in the legal and business communities. As a result, Step Global only offers investment immigration visa programs that are well-reputed globally and provide access to the top-ranked passports worldwide as per the Passport Index.

Step Global bridges the gap of future planning for its high-net-worth clientele by providing additional required services including Wealth and Tax planning and Executive Lifestyle Management Services. Step Global has taxation specialists who help clients fully prepare for their financial future. With over a decade of experience in estate planning and investment consultation, and international taxation guidance, our experts can guide HNWIs on how to best appreciate and protect their capital.

This branch of the business is titled Step Wealth, and we’re proud to boast a solid track record of clients making significant capital gains through investment, taxation consultation, and estate planning.

Why Choose Us for Your Immigration Journey:

13+ years of experience in the field of investment immigration
Award winning lawyers and specialists on the ground and supervising each file
Partnerships with only the top and most reputed law firms, immigration, and tax specialists in the world
Highest track record of immigration petition approvals in the region
Holistic approach to future planning for each and every candidate

Latvia Golden Visa Pricing

EUR 10,000

EUR 100,00

EUR 10,000

EUR 700

EUR 90

EUR 155

EUR 1520

EUR 920

EUR 560

EUR 1700

EUR 175

EUR 20,000

EUR 134,340

Contact Us for a Free Consultation

The Step Global immigration lawyers are available to answer your questions. Contact us today to arrange a consultation.

  • Preeya Malik - Managing Director
  • +971 (0) 4 770 7825
  • preeya@stepglobalgroup.com
  • DIFC, Central Park Towers Offices, Office 14-39 Dubai, UAE