EXPLORING ELIGIBILITY
WHO CAN APPLY FOR LATVIA GOLDEN VISA
Latvia’s Residence by Investment Program offers a compelling combination of affordability, strategic location, and quality of life, making it an excellent choice for non-EU investors seeking residency within the European Union. By providing a clear pathway for investors and their families to integrate into a vibrant and growing economy, Latvia distinguishes itself from other European programs through its balanced approach to investment requirements, ease of application, and the tangible benefits it offers to its residents.
Non-EU Citizens
The Latvia Golden Visa program grants residency permits to non-EU/EEA nationals who invest in the country and have the required qualifications and conditions. The Golden Visa grants the holders, and their family members residency permits, allowing them to live in Latvia, and travel freely within the Schengen Zone. The residency permit is renewable every five years, provided the investment is maintained.
The program is open to individuals who are not citizens of European Union: political and economic union of currently 27 member countries located primarily in Europe.
The program is open to individuals who are not citizens of European Union: political and economic union of currently 27 member countries located primarily in Europe.
Family Members
The primary applicant’s family members can also obtain residency permits. This includes:
- Spouse of the main applicant. In the event of a divorce, the ex-spouse may lose the right to residency if their permit is based on their marriage to the primary applicant.
- Biological or adopted children of the primary applicant or spouse who are under 21 years old. Children over 21 who are financially dependent on the primary applicant (in some cases). Children who turn 21 while holding a residency permit can extend it until they turn 24 if they are unmarried and financially dependent on the primary applicant.
- In some cases, elderly parents or guardians who are financially dependent on the applicant may also qualify.
Maintenance of Investment
The residency permit is contingent upon maintaining the qualifying investment (e.g., holding onto the real estate property, financial investment, or business investment). If the investment is sold or transferred below the required amount, the residency permit may be revoked.
Age Requirement
The primary applicant must be at least 18 years old.
Clean Criminal Record
Applicants must have a good character and provide proof of a clean criminal record from their home country and / or from the country where they officially live.
Source of Funds
The funds used for the investment must be legally obtained and verifiable. Authorities may scrutinize the source of the investment funds to ensure compliance with anti-money laundering regulations.
Investment Compliance
Adherence to the specific investment requirements outlined by the Latvian government, such as minimum investment amounts and property qualifications.
Health Insurance
Continuous health insurance coverage is required for the applicants and their family members.
Legal Entry
Applicants must enter Latvia legally and have a valid visa when applying for the Golden Visa.
Applicants must hold a valid passport and have the financial means to support themselves and any dependents.
Applicants must hold a valid passport and have the financial means to support themselves and any dependents.
Proof of Financial Means
Applicants need to demonstrate that they have sufficient financial resources to support themselves and any dependents.
Additional Documentation
Depending on the specific case and type of investment, additional documentation may be required. For instance, proof of relationship for family members, legal documents for property ownership, or contracts for other investments.