Applications for the Latvia Golden Visa take only 2-3 months, and there are no stay requirements. From Riga’s UNESCO-listed charm and strategic location to the various business opportunities, Latvia is a top choice for global investors. In this Latvia Golden Visa 2025 guide, you will learn about:

• What the Latvia Golden Visa is
• Latvia Golden Visa benefits
• Investment options
• Latvia Golden Visa requirements
• Application process
• Cost of the Latvian Golden Visa

What is the Latvia Golden Visa Program?

The Latvia Golden Visa program grants non-EU/EEA/Swiss citizens a temporary residence permit, valid for up to five years, in return for a qualifying investment in Latvia. Eligible investments may include a bank deposit, real estate purchase, or company investment.

The program allows investors and their families to travel visa-free across the Schengen Area, live and work in Latvia, and provides a pathway to permanent residency and citizenship after fulfilling specific residency requirements.

There is no Latvian Citizenship by Investment. Instead, Latvia provides a structured pathway that begins with a residence permit. Investors can initially obtain a five-year temporary residence permit by meeting specific investment criteria. After five years of residence, individuals may apply for permanent residency, and subsequently, Latvian citizenship after a total of ten years, subject to fulfilling additional legal and integration requirements.

Latvia Golden Visa Benefits

Some of the advantages of the Latvian Golden Visa are:

1. Travel across the Schengen Area:Latvia is an EU member country and part of the Schengen Area, providing easy access to Europe.
2. Visa-free travel:A Latvian passport provides visa free travel to 169 countries, perfect for non-EU, non-EA, and non-Swiss citizens looking to enhance their global mobility.
3. Family inclusion:The Latvian Golden Visa allows family members to be included in the application, such as your spouse and children.
4. Flexible investment:Latvia offers a range of investment options, including Latvia Golden Visa real estate, company investment, government bonds, and bank deposits.
5. Fast application process:The Latvia Golden Visa is one of the quickest, with applications taking between 1-6 months.
6. Various investment options:Latvia offers a range of investment options, including Latvia Golden Visa real estate, company investment, government bonds, and bank deposits.
7. High quality of life:Latvia boasts a high quality of life, a welcoming population, and excellent healthcare and infrastructure. Latvia ranks 37th position in ourQuality of Life Index.
8. No minimum stay requirement:There is no obligation to reside in Latvia to retain the Latvian residence permit. 
9. Route to permanent residency and citizenship:After five years of maintaining your investment, you can apply for Latvia permanent residency, and after a further five years, you can apply forLatvian citizenship.

Latvian Golden Visa Investment Options

One of the many advantages of applying for a Latvian Golden Visa is the different types of investment options on the table. The following sections will provide you with key information on each.

1. Option one: Real estate investment:Applicants must invest at least €250,000 in real estate in Latvia, and the investment must be held for a minimum of five years. You will also need to pay a one-time government fee equivalent to 5% of the purchase price. The property you buy cannot be agricultural or forest land.

2. Option two: Business investment:The most affordable option to secure a Latvia Golden Visa is through making a business investment – this is the Latvian Investor Visa €50,000 option. There are two options under the Latvian business investment option:

• Invest €50,000 in a capital company with fewer than 50 employees and an annual budget under €10 million.
• Invest €100,000 in a larger Latvian company with more than 50 employees and an annual budget over €10 million.

Both options require aminimum state fee of €10,000

3. Option three: Government bonds:You can also acquire a Latvia Investor Visa by purchasing government bonds amounting to €250,000. The bonds are non-interest bearing, meaning that at the end of the mandatory five-year holding period, you can get back what you paid, should you choose to withdraw the funds.

Note that there is agovernment fee of €38,000 if you choose this route to the Latvia Golden Visa.

4. Option four: Make a bank deposit:The four option is to secure Latvia residency by bank deposit. You will need to make a deposit of€280,000 to a Latvian bank or a credit institution to purchase its bonds, and you will be required to hold this investment for a period of five years.

Note, there is also agovernment fee of €25,000, should you choose this option. A difference between the bank deposit and the government bonds investment option is that if you choose to make a bank deposit, then you will be able to receive any interest that may be applicable, whereas this is not the case if you invest in government bonds.

Latvia Golden Visa Requirements

Here are the basic requirements to apply for the Golden Visa Latvia program:

• Applicants must be at least 18 years old
• Applicants must be from non-EU, non-EEA, or non-Swiss countries
• Applicants must have a clean criminal record is mandatory
• Applicants must be in good health
• Applicants must have no outstanding tax liabilities worldwide to qualify for the program
• Applicants must show proof of enough financial resources to sustain them and their family in the country.
• Applicants must hold the investment for a minimum of five years.
• Proof of comprehensive health insurance coverage for at least one year for the applicant and any dependents.

Important to note: These are the general Latvia Golden Visa requirements. Each applicant is required to do their own due diligence to understand the requirements for their specific case. Speaking with an immigration specialist orLatvia Golden Visa lawyer can help in understanding your specific circumstances.

Eligible dependents

You can include the following family members in your Latvia Golden Visa application:

• Spouse: Your legally married partner.
• Children: Your biological or legally adopted children under 18.

To include dependents, you must provide documents such as marriage or birth certificates (legalized or Apostilled if needed), proof of your relationship, evidence of sufficient financial resources to support each person, and valid health insurance.

Extended Family

• Parents and Parents-in-Law: Can be included if they are fully financially dependent on you. There is no age limit.
• Grandparents: Not typically eligible, but may qualify if you can prove they rely on you financially.
• Siblings: Not considered dependents under this program. They must apply separately.

Document Requirements for the Latvia Golden Visa

Here is a list of the required document for the Latvian Golden Visa:

• Proof of investment: Documents confirming your investment (real estate, business, bonds, or bank deposit).
• Application form: Completed residence permit application.
• Passport copy: Valid passport and previous visas (if any).
• Health insurance: 1-year coverage for main applicant and dependents.
• Criminal record: Clean record from home country and any place lived in the last 5 years for more than six months.
• Proof of income or savings:You must show proof of financial stability to qualify for the Latvia Golden Visa. This can be an employment contract with a Latvian company or a bank statement showing you have enough money. For 2025, the required funds are €26,640 per year for the main applicant, €8,880 per year for a spouse, and €2,664 per year for each minor child.
• Source of funds: Evidence like salary slips, business income, or property sale.
• Tax compliance: Proof of no outstanding tax debts.
• Medical certificate: If required, confirmation of good health.
• Photos: Recent passport-sized photos for all applicants.
• Proof of relationship: Marriage/birth certificates for dependents.
• Proof of address: Recent utility bill (under 3 months old).

The official source for information on the Latvia Golden Visa, or Residency by Investment program, is the Latvia Golden Visa official website of theOffice of Citizenship and Migration Affairs of the Republic of Latvia. It provides comprehensive details on eligibility, application procedures, and program requirements.

How to Apply for the Latvia Golden Visa 2025: A Step-By-Step Guide

The following section provides a step-by-step guide to applying for a Latvian Golden Visa.

Step 1: Initial eligibility and background check

• Submit a copy of your valid passport.
• Undergo a basic background check (due diligence).
• Review all legal and financial requirements to confirm your eligibility.

Step 2: Make your investment

• Choose one of the approved investment options (real estate, business, government bonds, or bank deposit).
• Complete the investmentbefore applying — you will need proof of investment in your application.

Step 3: Prepare and submit your application

• Gather required documents:
  • Proof of investment
  • Passport
  • Health insurance
  • Criminal record check
  • Financial documents
  • Medical certificate, photos, and proof of address
  • Proof of family relationships (if applying with dependents)
• Depending on your location:
  • Inside Latvia: Apply for an official invitation (only available to low-risk countries).
  • From abroad: Book an appointment at a Latvian embassy and prepare to visit Latvia later for biometrics.
• Submit your application to the Office of Citizenship and Migration Affairs.

Step 4: Get your D-Visa and travel to Latvia

• After submission, receive atemporary D-Visa to enter Latvia.
• Travel to Latvia to attend yourbiometrics appointment (fingerprints and photo).

Step 5: Receive your residence permit

• Once approved, you will receive afive-year temporary residence permit.
• You are not required to live in Latvia full-time, but must visitonce per year to maintain your residency.

Step 6: Maintain and upgrade your status

• Annual renewal: Re-register your residency each year for five years by visiting Latvia and proving your investment is still active.
• Permanent residency: After five years, apply for permanent residency (you must have lived in Latvia at least four out of the five years).
• Citizenship: After ten years of residency, you may apply for Latvian citizenship if you pass a language test and demonstrate knowledge of Latvian laws and culture.

Where and how to submit your documents

• From outside Latvia: You can apply at the Latvian Embassy or Consulate in your country of residence.
• From inside Latvia: If you already have a valid visa, you can submit your application in person at the Office of Citizenship and Migration Affairs (OCMA).
• Online submission: If you have a Latvian digital signature and a valid Latvian ID card, you can submit your documents online. This is especially useful if you’re renewing or switching your current residence permit.

Latvia Golden Visa Cost

The cost of obtaining Latvia Residence by Investment will depend on the type of investment.

1. The business investment route requires €50,000 in a qualifying Latvian company, plus a €10,000 state fee.
2. Real estate investment requires at least €250,000, with an added 5% government fee.
3. For a more passive option, you can invest €280,000 in non-interest-bearing government bonds and pay a €38,000 state fee.
4. Alternatively, you may deposit €280,000 in a Latvian bank, also subject to a government fee.

Latvia Residence by Investment Processing Time

The processing time for the Latvia Golden Visa (Latvia Residence by Investment) usually takes between 30 days and 6 months. The exact timeline depends on how many applications are being processed and the details of your individual case.

How Can Global Citizen Solutions Help You?

Global Citizen Solutions is a boutique migration consultancy firm with years of experience delivering bespoke residence and citizenship by investment solutions for international families. With offices worldwide and an experienced, hands-on team, we have helped hundreds of clients worldwideacquire citizenship, residence visas, or homes while diversifying their portfolios with robust investments. 

We guide you from start to finish, taking you beyond your citizenship or residency by investment application.