RESIDENCE PERMIT

GENERAL INFORMATION
TOTAL COSTS
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Residence permits by investment in Latvia, often referred to as the Golden Visa program, have been a significant part of the country’s strategy to attract foreign capital. Below are key details and statistics about the program.

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Latvia’s Golden Visa program allows foreign nationals to obtain a temporary residence permit (TRP) by making a significant financial investment in the country.

REAL ESTATE INVESTMENT

  • The applicant must purchase real estate worth at least €250,000.
  • An additional government fee of 5% of the property value is required.

NATIONALITIES

  • The majority of applicants come from non-EU countries, particularly Turkey, China, and various countries in the CIS region (Commonwealth of Independent States).
  • There has also been notable interest from investors in other countries seeking access to the European Union.
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RECENT STATISTICS

  • 2020-2022: The number of residence permits issued through investment has been around a few hundred annually.
  • Investment Distribution: The majority of investment-based residence permits are still granted through real estate purchases, followed by business and financial investments.

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