Latvia​

Latvia has a strategic location among the Baltic countries and is known for its historical heritage, natural beauties and dynamic economy. Latvia has implemented a residence permit program by investment to attract foreign investors to the country. This program gives foreign nationals who have made a certain amount of investment in Latvia the right to live in the country for a certain period of time. Investment can often be in the form of real estate, working capital or government-backed bonds.

A 5-year residence permit (Golden Visa) can be obtained by investing €50,000 or more in a company in Latvia. It is necessary to go to Latvia every year and sign. Spouses and children under the age of 18 are entitled to a Latvian residence permit. A residence permit in Latvia can be obtained with an average investment of €100,000 for a family of 4.

Individuals who want to obtain a residence permit by investing in Latvia must meet the specified minimum investment amount. This amount may vary depending on the type of investment. For example, in a real estate investment, it may be necessary to purchase a property above a certain value. Likewise, in the case of investing in or starting a business, the business may need to provide employment for a certain number of local employees or reach a certain investment amount.

A residence permit in Latvia allows an individual to live in the country uninterrupted for a certain period of time. Additionally, this residence permit offers visa-free travel within the Schengen area, giving investors broad freedom of movement within Europe.

Finally, individuals who are considering obtaining a residence permit through investment in Latvia are recommended to obtain professional consultancy services, especially to obtain detailed information about investment conditions and processes. This can help them complete the application process more smoothly and effectively.