Residence Permit for Investors in Latvia
Latvia offers several investment routes for obtaining a residence permit. Each option has its own features and benefits. Let's explore the main investment opportunities for obtaining a residence permit in Latvia.
1. Investment in Company Capital (JSC or LLC)
Basic Requirements:
- Investor can be a founder of an LLC (Limited Liability Company) or JSC (Joint Stock Company)
- Residence permit is issued for up to five years
- €10,000 state fee must be paid when applying for the initial residence permit
- Capital investment must be made via bank transfer
- Must maintain minimum subsistence funds equal to three times the minimum monthly salary (gross) in Latvia
Investment Options:
a) €50,000 Investment:
- For companies with no more than 50 employees
- Annual turnover or balance sheet total not exceeding €10 million
- No more than 10 foreigners can obtain residence permits per company under this option
b) €100,000 Investment:
- For companies with more than 50 employees
- Annual turnover or balance sheet total exceeding €10 million
c) €100,000 Investment in Holding Company:
- For companies that, together with one or more subsidiaries registered in Latvia, have more than 50 employees
- Total annual turnover or balance sheet of the group exceeds €10 million
2. Investment in Subordinated Bank Capital
Basic Requirements:
- Minimum investment amount: €280,000 or equivalent in other currency
- Investment agreement term: minimum 5 years
Special Considerations:
- Higher risk level: in case of bank insolvency or liquidation, investor cannot claim compensation from the Deposit Guarantee Fund
3. Investment in Government Bonds
Basic Requirements:
- Minimum investment amount: €250,000
- Additional state fee: €38,000
- Must maintain minimum subsistence funds for 5 years (three times the minimum monthly salary (gross) in Latvia)
General Provisions for All Investment Types:
- Residence permit extends to spouse, minor children from all marriages, and dependents
- Must comply with minimum subsistence requirements established for each investment type
Benefits:
- 5-year temporary residence permit for investor and family members
- Right to annual renewal of residence permit
- Visa-free travel within the Schengen Area
- Access to European education and healthcare systems
- Opportunity to conduct business in the European Union
- Path to permanent residence and citizenship
Our law firm provides comprehensive services for obtaining an investor residence permit in Latvia. We will help you:
- Choose the optimal investment option
- Prepare all necessary documents
- Conduct legal due diligence of investment projects
- Guide you through the entire residence permit process
- Assist with adaptation to life in Latvia
Invest in your future with a residence permit in Latvia!