RESIDENCE PERMIT

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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.

FIND OUT HOW TO OBTAIN YOUR GOLDEN VISA TODAY!

For any questions regarding residence permit in Latvia and Golden Visa Service please reach out to Latvia Sotheby’s International Realty Sales Expert!

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