Contact us
Contact us
Abroad admission Abroad admission

Latvia investment visa

Latvia offers foreign investors a number of attractive investment opportunities that can secure a residence permit in the country. An investment visa, or the so-called Golden Visa, not only allows you to do business in Latvia, but also facilitates free movement within the Schengen countries. This article will discuss the key requirements and procedures for obtaining a Latvian investment visa for foreign nationals.

Legal requirements for obtaining an investment visa

  1. Investment Options:
    • Purchase of real estate: The investment in real estate must be at least 250,000 euros, with a property acquisition tax of at least 5% of the value of the property.
    • Investment in the capital of the company: Investment of at least 50,000 euros in the capital of a Latvian company that pays at least 40,000 euros in taxes per year.
    • Investing in bonds or shares: Purchase of government bonds of at least €250,000 with the obligation to hold them for five years.
  2. Documents for visa application:
    • Proof of investment: Legal documents confirming that the investment has been made in accordance with one of the approved methods.
    • A valid passport.
    • A certificate of no criminal record issued by the competent authorities of the applicant’s country of origin.
    • Documents confirming financial solvency.
  3. Application Procedure:
    • The visa application is submitted through the Latvian Migration Service or through the Latvian Consulate in the applicant’s country of origin.
    • Once the application has been pre-approved, an interview at the consulate or directly at the Migration Service is required.

Advantages of Latvian investment visa

  1. Right of residence: An investment visa entitles the holder to reside in Latvia and to travel freely within the Schengen area.
  2. Possibility of obtaining permanent residence permit and citizenship: After five years of continuous residence with a residence permit, the investor may apply for a permanent residence permit and then for Latvian citizenship.
  3. Favourable tax system: Latvia offers attractive tax conditions for foreign investors, including low income taxes and opportunities for tax optimisation.

The Latvian investment visa is an attractive tool for foreign investors seeking to expand their business and ensure mobility within Europe. Compliance with all requirements and procedures, as well as correct preparation of documents play a key role in successfully obtaining this visa.

Benefits of a Latvia investment visa

The Latvian investment visa offers foreign investors a number of significant advantages, ranging from the possibility of obtaining a residence permit to simplified access to European Union markets. This article highlights the key aspects that make the Latvian investment visa attractive for foreign investment, and examines the legal and economic benefits of this programme.

Main advantages of Latvian investment visa

  1. Long-term residence right: Investors and their family members who have invested in the Latvian economy are granted the right of long-term residence in Latvia. This enables them not only to reside freely in Latvia, but also to travel to Schengen countries without additional visa requirements.
  2. Access to European Union markets: One of the significant advantages of the investment visa is the possibility to develop business within the European Union. Latvia, being a member of the EU, provides investors with access to the single market, which facilitates business expansion and the search for new partners and consumers in Europe.
  3. Low tax rates: Latvia offers some of the lowest tax rates in Europe, making it attractive to foreign investors. In addition, there are various tax exemptions and incentives for investors, which reduces the overall tax burden and increases the return on investment.
  4. Golden Visa Programme: Latvia offers the so-called Golden Visa, which allows foreigners to obtain a residence permit through investments in real estate, government bonds or equity in Latvian companies. This programme is one of the most accessible in Europe in terms of minimum investment requirements.
  5. Safety and quality of life: Latvia is known for its high degree of public safety and quality of life. Living in Latvia provides access to quality health care, education and developed infrastructure, making it an attractive place for investor families to live.

Latvia’s investment visa represents significant benefits for foreign investors, including economic incentives, tax preferences, as well as improved conditions for doing business and living in Europe. Due to the flexibility of the programme and the multitude of investment options, Latvia has been successful in attracting foreign capital while ensuring a high level of integration of investors into the country’s economy and culture.

Who can get a Latvia investment visa?

The Latvian investment visa is an attractive tool for foreign investors wishing to invest in the country’s economy and obtain the right to reside in Latvia and the Schengen area. This document describes the requirements and conditions that foreign nationals must fulfil in order to obtain this visa.

Main requirements and categories of candidates

  1. Real estate investors: One of the ways to obtain an investment visa is to buy a property in Latvia. The minimum investment amount must be at least EUR 250,000, and the investor must pay a state fee of 5% of the value of the property purchased.
  2. Investors in the country’s economy: Investments in the capital of Latvian companies can also be the basis for obtaining a visa. A foreign investor must invest at least EUR 50,000 in the capital of a company that has no more than 50 employees and an annual turnover or balance sheet not exceeding EUR 10 million. In addition, the company must pay at least 40,000 euros in taxes to the budget each year.
  3. Investors in government securities: The purchase of Latvian government bonds in the amount of at least EUR 250,000 with the obligation to hold them for five years can also be the basis for issuing an investment visa.

Additional requirements

  • Possession of a valid passport: The passport must be valid for at least three months longer than the intended validity of the visa.
  • Criminal record certificate: Visa applicants must provide a criminal record certificate from all countries where they have resided for more than six months in the last ten years.
  • Proof of financial solvency: The investor must prove that he/she has sufficient funds to support himself/herself and his/her family during his/her stay in Latvia.

The process of applying for an investment visa

The application for an investment visa is submitted through the Latvian consulate in the applicant’s country of residence or directly to the Migration Service of Latvia. The process includes submission of all required documents, payment of the consular fee and an interview.

Latvia’s investment visa opens wide opportunities for foreign investors, allowing them not only to do business in the country, but also to enjoy all the advantages of living in the European Union. Compliance with all requirements and successful submission of documents ensures a good chance of obtaining this type of visa.

Latvia investment visa requirements

Latvia’s investment visa, also known as the Golden Visa, provides foreign investors with the opportunity to obtain a residence permit in the country through investments in the economy. The visa not only facilitates the process of doing business in Latvia, but also opens access to the Schengen area. To obtain this visa, a number of legal and financial requirements must be met. This article details the basic conditions and procedure for obtaining a Latvian investment visa.

Main requirements for an investment visa

  1. Investment Options
    The Applicant must select one of the approved investment options
    , each of which has its own minimum financial commitment:
    • Property purchase: The investor must purchase a property with a value of at least EUR 250,000. In addition, a state fee of 5% of the value of the property must be paid. At the same time, the property must be located outside the area restricted for purchase by foreigners (e.g. Riga, Jurmala or other major cities).
    • Investment in a Latvian company: An investor can invest in the capital of a Latvian company. The minimum investment amount is EUR 50,000 for companies with less than 50 employees and an annual turnover of up to EUR 10 million. The company is also obliged to pay taxes of at least EUR 40,000 annually.
    • Purchase of government securities: The investor must purchase at least €250,000 worth of government bonds and hold them for five years. In addition, a government fee of EUR 38,000 is charged.
  2. Proof of financial solvency
    The applicant is obliged to submit documents proving that he/she has sufficient financial means to invest, as well as to support himself/herself and his/her family members while residing in Latvia. These documents may include bank statements, tax returns or other evidence of the legal origin of the funds.
  3. Criminal record
    certificate Each applicant must provide a criminal record certificate from all countries where they have resided for more than six months in the last 10 years. This certificate must confirm that there are no criminal convictions or criminal cases against the applicant.
  4. Valid passport
    The applicant must have a passport that expires no earlier than three months after the expected expiry date of the visa.

Application process

  1. Preparation of documents
    It is necessary to collect all necessary documents, including proof of investment, passport, criminal record certificate and proof of financial solvency. All documents must be translated into Latvian and notarised if they are in a foreign language.
  2. Submitting
    an application
    An application for an investment visa is submitted to the Latvian consulate or embassy in the applicant’s country of residence or directly to the Latvian Citizenship and Migration Board. An important step is the payment of state fees.
  3. Consideration of
    the application
    After submitting the documents, the application will be considered by the competent Latvian authorities. The process may take several months, depending on the complexity of the case and the completeness of the submitted documents. During the review, additional information may be requested.

Requirements for renewal of residence permit

Latvian investment visa is issued for a period of up to five years with the possibility of extension. To extend the visa it is necessary to:

  • Confirmation that the investment will be maintained throughout the duration of the visa.
  • Continued fulfilment of all financial obligations, including payment of taxes and levies.
  • Maintaining residence in Latvia.

Obtaining a Latvian investment visa provides foreign investors with many opportunities to do business and reside in Latvia. However, this process requires careful preparation of documents, compliance with all legal requirements and fulfilment of minimum investment obligations. Having fulfilled all conditions, the investor receives not only the opportunity to live and work in Latvia, but also access to the European market, which makes Latvia attractive for foreign capital.

What documents are required for the Latvia investment visa?

The Latvian investment visa (also known as the Golden Visa) grants foreign investors the right to reside in the country, as well as access to Schengen countries. To successfully obtain this visa, it is necessary to submit a number of legally relevant documents that confirm both the fact of investment and the applicant’s compliance with Latvia’s immigration requirements. This article describes all the key documents that are required to apply for a Latvian investment visa.

Main documents required for obtaining a Latvian investment visa

  1. Foreign passport
    • The applicant’s passport must be valid for at least three months beyond the expected expiry date of the visa. The passport must contain at least two blank pages for visa stamps.
    • If the applicant has previous passports, these can also be attached to the application to confirm travel history and visa stamps.
  2. Documents confirming investments
    • To buy a property: The applicant must submit a property purchase agreement confirming the purchase of a property with a value of at least 250,000 euros. It is also necessary to attach a receipt for the payment of property tax of 5% of the value of the property.
    • For investment in a company: In case of investment in the capital of a Latvian company, it is required to submit the company’s founding documents, extracts from the commercial register and proof of investment of at least EUR 50,000 in the business, as well as receipts of taxes paid by the company in the amount of at least EUR 40,000 per year.
    • For the purchase of government bonds: For investors who choose this option, documents confirming the purchase of Latvian government bonds in the amount of at least EUR 250,000 and payment of a mandatory fee of EUR 38,000 must be submitted.
  3. Criminal record certificate
    • The applicant must submit an official certificate of criminal record from his/her country of citizenship and from all countries where he/she has resided for more than six months in the last 10 years. The certificate must be translated into Latvian and notarised.
  4. Confirmation of financial solvency
    • It is necessary to submit bank statements or other financial documents confirming the availability of sufficient funds to cover the costs of living in Latvia and maintenance of family members (if included in the application).
    • Additionally, tax returns may be required to confirm the legality of income and the origin of the funds invested in the investment.
  5. Health insurance
    • In order to obtain an investment visa, it is required to provide a health insurance policy that covers all medical expenses in Latvia and the Schengen area. The insurance coverage must be at least 30,000 euros.
  6. Photos
    • The applicant must enclose two passport-size photos (35 mm x 45 mm), which meet the requirements of the Latvian legislation.
  7. Documents for family members
    • If family members (spouse, children) are included in the application, proof of relationship such as marriage and birth certificates must be provided. All documents must be translated into Latvian and notarised.

Additional documents (if necessary)

  • Business plan: If the applicant invests in a Latvian company, a business plan describing the company’s development strategy, objectives and expected financial results may be required. This is especially important for smaller companies in which the investment is made.
  • Previous travel documents: If there are previous trips to the Schengen area, supporting documents (e.g. visas, border crossing stamps) may be required to demonstrate that there have been no visa violations.

The application process

  1. Translations and certification: All documents prepared in foreign languages must be translated into Latvian and notarised. Incorrectly prepared or uncertified documents may result in delay or refusal to issue a visa.
  2. Submission of the application: Documents are submitted to the Latvian consulate in the applicant’s country of residence or directly to the Latvian Citizenship and Migration Board. It is important to ensure the accuracy and completeness of the document package in order to minimise the risk of rejection.
  3. Interview: In some cases, a personal interview with consular or immigration officials may be required to clarify investment details and other aspects of the application.

The process of obtaining a Latvian investment visa requires careful preparation and submission of a number of key documents. All financial and legal aspects must be accurately confirmed and formalised in accordance with Latvian legislation. With proper preparation and submission of a complete set of documents, the investor will be able to reside in Latvia, as well as the right to free movement within the Schengen area.

Investment options available for the Latvia investment visa

Latvia’s investment visa, known as the Golden Visa, provides foreign nationals with the opportunity to obtain a residence permit through significant financial investments in the country’s economy. This programme was designed to attract foreign capital and stimulate economic growth. This article discusses the various investment options that can be the basis for obtaining a Latvian investment visa, as well as the legal and financial aspects of these options.

Main investment options for obtaining a visa

  1. Property investments

One of the most popular options is to buy property in Latvia. According to the legislation, the applicant must invest at least EUR 250,000 in a property that fulfils the following criteria:

  1. The property must be located in one of Latvia’s largest cities, such as Riga, Jurmala, or their suburbs. Properties located in rural areas or in areas with restrictions on foreign ownership may not be eligible for this programme.
  2. The investor is obliged to pay a state duty of 5% of the property value.

Legal Aspects:

  1. The applicant needs to provide legally certified documents for the purchase of the property, as well as proof of full payment.
  2. The property must be purchased for the sole purpose of investment and cannot be used as a commercial rental property unless expressly stated in the purchase agreement.
  3. Equity investment in a Latvian company

The second option is to invest in an existing Latvian company. This option requires an investment of at least EUR 50,000 in a company that fulfils the following conditions:

  1. The company must be registered in Latvia, have no more than 50 employees and an annual turnover or balance sheet of no more than EUR 10 million.
  2. The company must pay at least 40,000 euros of taxes to the Latvian budget annually. This is a key factor confirming the economic activity of the company and the significance of the investment.

Legal Aspects:

  1. It is necessary to submit the company’s foundation documents, extracts from the Latvian Commercial Register and proof of tax payment.
  2. The applicant may be required to submit a business plan that demonstrates the investment objectives and anticipated financial results.
  3. Investments in government securities

The third option is the purchase of Latvian government bonds. In order to obtain an investment visa, the investor must purchase government bonds in the amount of at least EUR 250,000. These bonds must be held by the investor for at least five years.

In addition, a government fee of €38,000 must be paid. This fee is non-refundable and is not included in the investment amount.

Legal Aspects:

  1. This option requires documentation to support the purchase of the bonds and payment of the mandatory fee.
  2. The investment must be legitimate and the applicant may be required to provide documentation to prove the origin of the funds used to purchase the bonds.

Additional conditions and requirements

  • Proof of the legal origin of the funds: In all investment options, the applicant is required to provide documentation to prove the legal origin of the funds. This may include tax returns, bank statements and other financial documents.
  • Compliance with terms and covenants: Investors are required to comply with the conditions of holding investments for a certain period of time (e.g. five years for real estate or bonds). Failure to comply with these conditions may result in the cancellation of the visa or refusal to renew it.

Advantages of choosing a Latvian investment visa

  1. Residence permit in Latvia and free movement in the Schengen area: Obtaining an investment visa enables the applicant and his/her family to reside freely in Latvia and to move around the Schengen area without the need to obtain additional visas.
  2. Tax benefits and incentives: Latvia offers attractive tax conditions for investors, making the country a popular choice for doing business and deploying capital. In particular, corporate tax rates can be competitive compared to other EU countries.
  3. Access to the European market: Latvia, being a member of the European Union, provides access to the single European market, which creates additional business and investment opportunities.

Latvia’s investment visa provides foreign investors with flexible and diverse opportunities to obtain residence in one of the most dynamically developing countries in the Baltic States. Each of the investment options offered has its own unique legal requirements and advantages, allowing applicants to choose the most suitable option depending on their financial capabilities and goals. It is important to consider all legal and financial aspects when selecting an investment option, and to seek professional legal assistance to ensure that the documents are properly executed and all legal regulations are complied with.

Can family members be included in the Latvia investment visa programme application?

The Latvian investment visa provides not only an opportunity for foreign investors to obtain a residence permit through investment in the economy, but also allows the investor’s family members to accompany him/her to Latvia. This article will examine the legal grounds and requirements for including family members in the investment visa application, as well as the main procedures and legal aspects related to this process.

Who can be included in the application?

According to Latvian legislation, family members of an investor may be included in the application for an investment visa. Family members who are eligible to apply for a visa together with the main applicant include:

  • Spouse or civil union partner. A legally recognised marriage or partnership relationship must be documented.
  • Minor children (under 18 years of age) who are dependents of the primary applicant.
  • Adult children if they are unable to support themselves due to a disability or other medical condition.
  • Parents of the principal applicant or spouse if they are dependent on the applicant and have no other means of livelihood.

Requirements for inclusion of family members

  1. Proof of kinship: An important element of the application is documenting the relationship between the applicant and his/her family members. For this purpose, the following documents must be provided:
    • Marriage certificates for spouses.
    • Birth certificates for children.
    • Medical documents confirming the health condition of adult children if they are unable to provide for themselves.
    • Birth certificates or other proof of parental relationship, if included in the application.
  2. Financial support: The investor is obliged to demonstrate that he/she has sufficient financial means to support not only himself/herself, but also all family members who will accompany him/her to Latvia. This may be bank statements, tax returns or other documents confirming the financial solvency of the applicant.
  3. Health insurance: All family members included in the investment visa application must have a valid health insurance that covers all medical expenses in Latvia and Schengen countries. The insurance cover must be at least EUR 30,000.
  4. Criminal record certificate: All family members over 16 years of age are required to submit a criminal record certificate from their country of citizenship or from countries where they have lived for more than six months in the last ten years. The certificates must be translated into Latvian and notarised.

Application process for family members

  1. Simultaneous submission: The application for a family member visa is submitted at the same time as the investor’s main application. All documents should be prepared in advance to avoid delays in the processing.
  2. Submission through a consulate or migration service: Documents can be submitted through the Latvian consulate in the applicant’s country of residence or through the Latvian Citizenship and Migration Board. It is important to note that the documents must be translated into Latvian and notarised.
  3. Interview and application processing: In some cases, family members may be invited for an interview to confirm their intentions to move to Latvia together with the main applicant. The application process may take several months, depending on the completeness and correctness of the submitted documents.

Rights and privileges of family members

  1. Right of residence: Family members included in the investment visa application receive the right to reside in Latvia on an equal basis with the main applicant. They also receive the right to travel freely within Schengen countries without the need to obtain additional visas.
  2. Access to social services: Family members can use a number of social services in Latvia, including the education and health care systems. Children can attend Latvian educational institutions, and the spouse is entitled to employment subject to local labour law regulations.
  3. Prospects for a permanent residence permit: After continuous residence in Latvia for five years, family members may apply for a permanent residence permit. It is important to note that the conditions for extending the temporary residence permit depend on maintaining investments and fulfilling all obligations of the principal applicant.

The Latvian investment visa provides foreign investors not only the opportunity to do business in Latvia, but also allows their families to reside in the country on an equal footing with the main applicant. To successfully include family members in the application, it is necessary to fulfil all legal requirements and provide a full package of documents confirming kinship, financial solvency and compliance with security requirements. With proper preparation of documents and compliance with all procedures, family members can obtain a residence permit in Latvia and enjoy all the benefits of living in a European Union country.

Is it possible to obtain Latvia citizenship through the investment visa programme?

The Latvian investment visa provides foreign nationals not only the right to reside and conduct business, but also a potential opportunity to obtain Latvian citizenship in the long term. However, the process of obtaining citizenship requires compliance with a number of legal requirements that go beyond the usual conditions for obtaining an investment visa. This article will examine the path from obtaining a temporary residence permit through investment to obtaining Latvian citizenship, including the key legal aspects and stages of this process.

Stages of the process of obtaining Latvian citizenship through investments

  1. Obtaining a temporary residence permit (TPL)

The first step on the way to Latvian citizenship is to obtain a temporary residence permit through an investment visa. The residence permit is issued on the basis of the following investments:

  1. Purchase of a property worth at least 250,000 euros.
  2. Investment of at least 50,000 euros in the capital of a Latvian company.
  3. Purchase of government bonds in the amount of 250,000 euros.

A temporary residence permit is issued for up to five years with the possibility of extension, provided that the investment remains in the Latvian economy and all legal obligations of the investor are fulfilled.

  1. Obtaining a Permanent Residence Permit (PRP)

In order to apply for a permanent residence permit, the applicant must have lived in Latvia for at least five years with a temporary residence permit. At the same time, the applicant must fulfil the following conditions:

  1. Retention of investments throughout the duration of the temporary residence permit.
  2. Fulfilment of all tax obligations.
  3. Maintaining residence in Latvia.

In order to obtain a residence permit it is also required to pass the Latvian language proficiency exam. Knowledge of the language at A2 level is mandatory to confirm the applicant’s social integration into Latvian society.

  1. Requirements for naturalisation

After living in Latvia with a permanent residence permit for five years, the applicant has the right to apply for naturalisation and Latvian citizenship. For this purpose, the following legal conditions must be fulfilled:

  1. Continuous residence: The applicant must have resided in Latvia for the last five years without significant interruptions. It is important that the breaks in residence do not exceed the established limits, otherwise the application for citizenship may be rejected.
  2. Latvian language proficiency exam: Latvian legislation requires passing the Latvian language proficiency exam at the B1 level. This is a prerequisite for obtaining citizenship.
  3. Knowledge of the Constitution of Latvia: The applicant must pass an examination on the knowledge of the basics of the Constitution of the Republic of Latvia and the history of Latvia.
  4. Renunciation of previous citizenship: Latvia does not recognise dual citizenship, except in certain cases. Therefore, an applicant must renounce his/her previous citizenship in order to obtain Latvian citizenship. Exceptions may be made for citizens of EU, NATO and some other countries with which Latvia has special treaties.

Citizenship application procedure

  1. Collection of necessary documents

In order to apply for Latvian citizenship, the applicant needs to prepare the following documents:

  1. Passport and residence permit (both temporary and permanent).
  2. Documents proving compliance with the conditions of residence (e.g. residence registration).
  3. Documents of passing the language and constitutional exams.
  4. Certificates of income and tax liabilities.
  5. Consideration of application

After submitting the application, the Ministry of Internal Affairs of Latvia checks all submitted documents and may request additional information. The processing period of the citizenship application may take several months, depending on the completeness of the submitted documents and the absence of irregularities in the process of the applicant’s residence in the country.

  1. Oath of allegiance to the Republic of Latvia

If the application is approved, the applicant must undergo a ceremony of swearing an oath of allegiance to the Republic of Latvia. This is a mandatory requirement to complete the citizenship process.

Advantages of Latvian citizenship

Obtaining Latvian citizenship provides the investor and his family with a number of significant advantages:

  • Freedom of movement: Latvian citizens have the right of free movement within the European Union and may reside and work in any EU member state.
  • Full political and social rights: Latvian citizens have the right to participate in elections and may hold public office.
  • Simplified conditions for doing business in the EU: Latvian citizenship opens access to European markets and simplifies international business within the EU.

Obtaining Latvian citizenship through the investment visa programme is possible, but requires fulfilment of a number of conditions, ranging from obtaining temporary and permanent residence permits to naturalisation. It is important for investors to bear in mind that the process of obtaining citizenship requires not only significant financial investment, but also active social integration, including knowledge of Latvian language and culture. If all legal requirements are correctly met, this process can offer significant prospects for investors and their families.

Latvia investment visa for Indian

Latvia’s investment visa, often referred to as the “Golden Visa”, provides foreign nationals, including Indian citizens, with the opportunity to obtain the right to reside in Latvia through investments in the country’s economy. This opens up access not only to the Latvian market but also to the European Union through freedom of movement within the Schengen area. This article discusses in detail the legal requirements and procedures for obtaining a Latvian investment visa for Indian citizens.

Legal requirements for obtaining an investment visa

Indian citizens can apply for a Latvian investment visa if certain financial and legal conditions are met. Latvian legislation provides for several investment options to obtain a residence permit.

  1. Property investments
    • The applicant must purchase a property in Latvia with a value of at least EUR 250,000.
    • Additionally, a state duty of 5% of the property value must be paid.
    • The property must be located in one of Latvia’s major cities (e.g. Riga, Jurmala) or in a suburb where foreigners are allowed to buy.
  2. Equity investment in a Latvian company
    • Indian citizens can invest at least EUR 50,000 in a registered Latvian company. This company must fulfil the following requirements:
      • Have no more than 50 employees.
      • The company must have an annual turnover of no more than €10 million.
      • The company is obliged to pay at least 40,000 euros annually in taxes to the budget.
  3. Investments in government bonds
    • Indian citizens can purchase Latvian government bonds of at least EUR 250,000.
    • The investor must also pay an additional government levy of EUR 38,000. These bonds must remain in the investor’s possession for five years.

Application procedure for Indian nationals

  1. Collection of necessary documents
    • Passport: The passport must be valid for at least three months after the visa expiry date.
    • Investment documents: For example, a property purchase agreement or proof of bond purchase.
    • Criminal record certificate: Certificate from India and all countries where the applicant has resided for more than six months in the last 10 years.
    • Proof of financial solvency: Bank statements or tax returns proving sufficient funds for investment and residence in Latvia.
  2. Submitting an application
    • The application is submitted to the Latvian Consulate in India or through the electronic services of the Latvian Migration Service.
    • All documents must be translated into Latvian and notarised.
  3. Consideration of application
    • After the application is submitted, the Latvian authorities check the documents provided, as well as the legality of the origin of the funds used for investment.
    • The review process can take several months, depending on the complexity of the case and the completeness of the documents submitted.

Inclusion of family members in the application

Indian nationals applying for Latvian investment visa can include the following family members in the application:

  • Spouse.
  • Minor children (under 18 years of age).
  • Dependent adult children if they are unable to support themselves for health reasons.
  • Parents, if dependent on the primary applicant.

Each family member must provide separate documentation to prove kinship and financial dependence on the applicant.

Advantages of Latvian investment visa for Indian citizens

  1. Right of residence in Latvia
    • The investment visa grants a residence permit for up to five years with the possibility of extension. The applicant and his/her family members may reside in Latvia on a permanent basis.
  2. Free movement within the Schengen area
    • Latvian visa allows travelling to all Schengen countries without the need to obtain additional visas. This is especially important for businesses that require constant travelling around Europe.
  3. Access to Latvian and European taxation system
    • Latvia offers favourable tax conditions for investors, including preferential business tax rates, which can be beneficial for Indian nationals planning to do business in Europe.
  4. The prospect of permanent residence and citizenship
    • After continuous residence in Latvia for five years with a temporary residence permit, the applicant may apply for a permanent residence permit. After ten years of permanent residence, naturalisation and obtaining Latvian citizenship is possible.

Latvia’s investment visa provides Indian citizens with unique opportunities to do business and reside in Europe. If all legal requirements are fulfilled, investors can take advantage of favourable conditions for obtaining a residence permit and access to the European market. However, the process of obtaining a visa requires careful preparation of documents and compliance with all procedures. Consultation with lawyers specialising in immigration law can significantly increase the chances of successfully obtaining a Latvian investment visa.

Latvia investment visa for Pakistani

Latvia’s investment visa, known as the Golden Visa, offers foreign investors the opportunity to obtain a residence permit through significant financial investment in the country’s economy. For Pakistani citizens, this programme opens the door not only to residency in Latvia, but also to access to the European Union and the Schengen area. This article discusses the basic legal requirements and the process of obtaining a Latvian investment visa for Pakistani citizens.

Legal requirements for obtaining a Latvian investment visa

Latvian law provides for several investment options that can be the basis for obtaining an investment visa. Pakistani nationals can choose one of the following investment pathways:

  1. Property investments
    • The investor must purchase a property with a value of at least EUR 250,000.
    • Additionally, a state duty of 5% of the value of the purchased property is required.
    • The object must be located in one of Latvia’s major cities, such as Riga, Jurmala, or in other strategically important regions where foreigners are allowed to buy.
  2. Equity investment in a Latvian company
    • For Pakistani nationals it is possible to invest in an existing Latvian company for a minimum amount of 50,000 euros.
    • The company must have no more than 50 employees and an annual turnover of no more than €10 million.
    • The Company is obliged to pay at least EUR 40,000 of taxes to the Latvian state budget annually.
  3. Investments in government bonds
    • An investor may purchase Latvian government bonds in the amount of EUR 250,000.
    • In addition, a government fee of 38,000 euros must be paid.
    • The bonds must be held by the investor for five years.

Additional conditions for Pakistani nationals

  1. Financial solvency
    • The investor must provide proof of sufficient funds to make investments and provide for himself/herself and his/her family members during his/her stay in Latvia. This may include bank statements, tax returns and other financial documents confirming the legality of the origin of the funds.
  2. Criminal record certificate
    • Pakistani nationals applying for a Latvian investment visa are required to provide a certificate of criminal record from their home country, as well as from other countries where they have resided for more than six months in the last 10 years. The certificates must be translated into Latvian and notarised.
  3. Health insurance
    • The investor and his/her family members must have valid health insurance covering all medical treatment expenses in Latvia and other Schengen countries. The minimum insurance coverage must be EUR 30,000.
  4. Valid passport
    • The passport must be valid for at least three months after the expected visa expiry date.

Application process

  1. Collection of documents
    • You need to collect all the required documents, including a property purchase agreement or bond purchase agreement, a criminal record certificate, proof of financial solvency, health insurance and a valid passport.
    • All documents must be translated into Latvian and notarised.
  2. Submitting an application
    • The application is submitted to the Latvian Consulate in Pakistan or directly to the Latvian Migration Service.
    • It is possible to submit an application via electronic systems, but all documents must be submitted to the relevant authorities in accordance with the requirements of Latvian legislation.
  3. Consideration of application
    • The application process may take several months. During this stage Latvian authorities check the legality of the origin of funds, confirm investments and verify all submitted information.
    • There may be requests for additional documents or clarifications.

Inclusion of family members in the application

Pakistani nationals applying for a Latvian investment visa can include the following family members in the application:

  • Spouse.
  • Minor children (under 18 years of age).
  • Adult children if they are dependent on their parents for health reasons.
  • Parents who are dependents of the applicant.

Separate documents confirming family ties (marriage certificates, birth certificates) as well as proof of their financial dependence on the applicant should be prepared for each family member.

Advantages of Latvian investment visa for Pakistani nationals

  1. Residence permit in Latvia
    • The investment visa provides an opportunity to obtain a residence permit for a period of up to five years with the possibility of extension provided that the investment is maintained. It allows the investor and his/her family members to reside in Latvia on a permanent basis.
  2. Free movement within the Schengen area
    • A residence permit in Latvia entitles the holder to travel freely within the Schengen area without the need to obtain additional visas.
  3. Tax benefits and economic advantages
    • Latvia offers a favourable tax system that makes the country attractive for doing business. Investors can take advantage of favourable tax regimes to develop their business in the EU.
  4. The prospect of permanent residence and citizenship
    • After five years of residence with a temporary residence permit, the investor can apply for a permanent residence permit. After ten years it is possible to naturalise and obtain Latvian citizenship, which provides additional rights and privileges of a citizen of the European Union.

The Latvian investment visa represents a significant opportunity for Pakistani citizens who wish to invest in the Latvian economy and gain access to the EU and Schengen markets. If all legal requirements are fulfilled, investors can obtain a residence permit and eventually Latvian citizenship. The application process requires careful preparation of documents and compliance with financial and legal obligations, making consultation with a lawyer a key success factor.

Latvia investment visa for Nepali

Latvia’s investment visa, also known as the Golden Visa, offers foreign investors the opportunity to obtain a residence permit through significant financial investments in the country’s economy. For Nepalese nationals seeking access to the European market and residence in Latvia, this programme offers attractive prospects. This article will discuss the basic legal requirements and the procedure for obtaining a Latvian investment visa for Nepalese citizens.

Legal requirements for obtaining a Latvian investment visa

Latvian law provides several investment options that qualify for a residence permit. Nepalese citizens can choose one of the following investment pathways:

  1. Property investments
    • A Nepalese citizen must purchase property in Latvia worth at least 250,000 euros.
    • The investor is also required to pay a government fee of 5% of the property value.
    • The property must be located in one of Latvia’s major cities, such as Riga or Jurmala, where the purchase of property is allowed for foreign citizens.
  2. Investments in Latvian companies
    • An investor may invest at least EUR 50,000 in a company registered in Latvia.
    • The company must fulfil the following criteria: have no more than 50 employees, an annual turnover of no more than 10 million euros, and pay at least 40,000 euros in taxes annually.
    • This option implies active participation in the country’s economy and may be attractive to Nepalese citizens interested in doing business in Latvia.
  3. Investments in government bonds
    • A Nepalese citizen can purchase Latvian government bonds worth at least EUR 250,000.
    • The investor must also pay an additional government fee of €38,000.
    • These bonds must remain in the possession of the investor for five years.

Application process

  1. Collection of Documents To obtain an investment visa, a Nepalese citizen needs to collect and submit a number of documents:
    • A passport valid for at least three months after the expected expiry of the visa.
    • Criminal record certificate: a document proving that the applicant has no criminal record issued in Nepal and other countries where the applicant has resided for more than six months in the last 10 years. All certificates must be translated into Latvian and notarised.
    • Documents confirming investments: property purchase agreement, documents confirming the purchase of government bonds or investments in the company’s capital.
    • Health insurance that covers all medical care costs in Latvia and other Schengen countries with a minimum coverage of 30,000 euros.
    • Proof of financial solvency: bank statements or tax returns confirming that you have sufficient funds to cover your living expenses in Latvia.
  2. Submitting an application
    • The application is submitted through the Latvian Consulate in Nepal or through the electronic systems of the Latvian Migration Service.
    • All documents must be properly executed, translated into Latvian and notarised to avoid delays in processing the application.
  3. Consideration of application
    • After the application is submitted, the Latvian authorities check the submitted documents, the legality of the origin of the funds and compliance with all legal requirements. The review process may take several months depending on the complexity of the application.

Inclusion of family members in the application

Nepali nationals applying for a Latvian investment visa can include their immediate family members in the application:

  • Spouse.
  • Minor children (under 18 years of age).
  • Adult children if they are financially dependent on the applicant for health reasons.
  • Parents who are dependents of the applicant.

Separate documents must be prepared for each family member to prove family ties (e.g. marriage and birth certificates), as well as proof of financial dependence on the main applicant.

Advantages of Latvian investment visa for Nepalese citizens

  1. Right of residence in Latvia
    • The investment visa entitles Nepalese nationals to a residence permit for up to five years with the possibility of renewal. This entitlement also applies to the applicant’s family members.
  2. Free movement within the Schengen area
    • Investors and their families can travel freely within the Schengen area, which is especially important for businessmen and investors whose activities involve international travel.
  3. Tax incentives and business benefits
    • Latvia offers competitive tax rates for business, which makes the country attractive to foreign investors. Investors can take advantage of a favourable tax regime and other economic incentives.
  4. The prospect of permanent residence and citizenship
    • After five years of residence with a temporary residence permit, the investor may apply for a permanent residence permit. After ten years, it is possible to apply for Latvian citizenship, which will grant full rights of a citizen of the European Union.

The Latvian investment visa provides Nepalese citizens with significant opportunities for doing business and obtaining the right to reside in one of the European Union countries. If all legal requirements are met and documents are properly prepared, investors can gain access to the European market, free movement rights within the Schengen area, and the benefits associated with living and doing business in Latvia. Careful preparation of the application and compliance with all legal regulations play a key role in successfully obtaining a Latvian investment visa.

Latvia investment visa for Bangladeshi

The Latvian Investment Visa, also known as the Golden Visa, offers foreign nationals, including Bangladeshi nationals, the opportunity to obtain a residence permit in the country through investment in the economy. This programme provides not only the opportunity to reside and work in Latvia, but also access to the European Union and Schengen markets. This article discusses the key legal requirements and the procedure for obtaining a Latvian investment visa for Bangladeshi citizens.

Basic requirements for a Latvian investment visa for Bangladeshi nationals

In order to obtain a Latvian investment visa, Bangladeshi citizens need to fulfil one of the following conditions stipulated by the Latvian legislation:

  1. Property investments
    • The investor must purchase a property in Latvia with a value of at least EUR 250,000.
    • In addition, a government fee of 5% of the value of the property is required.
    • The property must be located in Riga, Jurmala or other major Latvian cities where foreigners are allowed to buy.
  2. Investments in Latvian companies
    • For Bangladeshi nationals, it is possible to invest in a company registered in Latvia for a minimum amount of 50,000 euros.
    • The company must meet the following requirements:
      • Have no more than 50 employees.
      • The annual turnover of the company must not exceed €10 million.
      • The Company is obliged to pay at least 40,000 euros of taxes to the Latvian budget annually.
  3. Investments in government bonds
    • An alternative option is to purchase Latvian government bonds in the amount of at least EUR 250,000.
    • In addition, a government fee of 38,000 euros must be paid.
    • The bonds must be held by the investor for five years.

Document requirements

  1. Confirmation of investment
    • For real estate: it is necessary to submit a sale and purchase agreement and documents confirming payment of the state duty.
    • For investments in a company: company incorporation documents, extracts from the commercial register and proof of tax payment.
    • For bonds: documents confirming the purchase of government bonds.
  2. Foreign passport
    • The applicant’s passport must be valid at the time of application and at least three months after the expected visa expiry date. The passport must contain at least two blank pages for visa stamps.
  3. Criminal record certificate
    • All applicants, including Bangladeshi nationals, are required to provide a criminal record certificate from their country of citizenship, as well as from all countries where they have resided for more than six months in the last ten years. The certificates must be translated into Latvian and notarised.
  4. Proof of financial solvency
    • Investors are obliged to submit bank statements, tax returns or other financial documents confirming the availability of funds for investment and covering living expenses in Latvia.
  5. Health insurance
    • All applicants must have a valid health insurance that covers the costs of medical care in Latvia and other Schengen countries. The minimum amount of coverage is 30,000 euros.

Application procedure for Bangladeshi nationals

  1. Document preparation
    • Applicants must collect all necessary documents, including a criminal record certificate, contracts confirming investments, passport and proof of financial solvency. All documents must be translated into Latvian and notarised.
  2. Submitting an application
    • Bangladeshi nationals can apply for an investment visa through the Latvian consulate in Bangladesh or directly to the Latvian Migration Service. The application can also be submitted through electronic systems if available.
  3. Consideration of application
    • Once the application is submitted, the Latvian authorities will verify the documents submitted, including the origin of the funds, proof of investment and compliance with all legal regulations. The application process may take several months depending on the complexity of the case.

Inclusion of family members in the application

The Latvian investment visa allows family members to be included in the application, which is an important advantage for Bangladeshi nationals who wish to move to Latvia with their relatives. It is possible to include in the application:

  • Spouse.
  • Minor children (under 18 years of age).
  • Dependent adult children if they are unable to support themselves for health reasons.
  • Parents, if they are dependents of the applicant.

For each family member, documents proving kinship ties (marriage certificates, birth certificates) and proof of financial dependence on the applicant should be prepared.

Advantages of Latvian investment visa for Bangladeshi nationals

  1. Right of residence in Latvia
    • The investment visa entitles to a residence permit for a period of up to five years with the possibility of extension. It enables Bangladeshi citizens to reside legally in Latvia on a permanent basis.
  2. Free movement within the Schengen area
    • Investors and their family members get the right to travel freely in Schengen countries without the need to obtain additional visas, which is especially important for businessmen and those who frequently travel around Europe.
  3. Access to Latvian and European taxation system
    • Latvia offers competitive tax rates and business incentives, making the country attractive to foreign investors seeking to optimise tax liabilities.
  4. The prospect of permanent residence and citizenship
    • After continuous residence in Latvia for five years, the investor may apply for a permanent residence permit, and after ten years – for Latvian citizenship, which will grant all the rights of a citizen of the European Union.

Conclusion

The Latvian investment visa is an attractive tool for Bangladeshi nationals wishing to gain access to European markets and the right to reside in a European Union country. If all legal requirements are fulfilled and necessary documents are provided, the process of obtaining an investment visa can be successful. In order to minimise risks and prepare the application correctly, it is recommended to consult a lawyer specialising in immigration law and working with foreign investors.

About Us

Expertly handling visa applications across 15+ EU countries, ensuring smooth and efficient processing every time.

About us

Contact Info

[email protected]

Let us help you achieve your dreams.

Contact us

[email protected]

Contact us