• 5-Year Residence Permit: Secure a long-term residence permit valid for 5 years.
Latvia Golden Visa by Shares Investment
50,000
investment
5 years residence
90 days processing
Overview
Latvia
Latvia, a European Union member state, is strategically located in the Baltic region, bordered by Estonia, Lithuania, Russia, and Belarus. As a vibrant, well-connected country, Latvia offers a blend of historical charm and modern innovation, with access to top-tier education, healthcare, and a high quality of life. Its capital city, Riga, is an important business hub, making Latvia an attractive destination for investors seeking to live, work, or establish a business within the EU
The Latvia Golden Visa program, particularly through the investment of €50,000 in company shares, offers numerous benefits
Advantages of Latvia Golden Visa
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• Freedom of Movement: Visa-free travel within the Schengen Zone, which includes 26 European countries.
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• Access to Services: Residents enjoy access to high-quality healthcare, education, and other public services
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• Business Opportunities: Being part of the EU, Latvia provides favorable business conditions, offering direct access to the European market.
Requirements for the Latvia Golden Visa
Applicant Must:
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- Investment Requirement: A minimum of €50,000 must be invested in shares of a Latvian company.
- Age: The applicant must be at least 18 years old.
- Clean Criminal Record: Applicants must provide a police clearance certificate from their home country and any other countries where they have lived for more than a year in the past 5 years.
- Valid Passport: A passport valid for at least the duration of the residency period is required.
- Proof of Financial Resources: Applicants must show that they have sufficient financial means to support themselves and their family during their stay in Latvia.
- Source of Income: Evidence that income is genuine.
- Clean Criminal Record: Applicant must proof that he has a clean criminal record report
Option 1
Option to Renew the Residence Permit
At the end of the 5-year residence period, the permit can be renewed for another 5 years, provided the investor maintains their shares in the Latvian company. The renewal process is straightforward, requiring the submission of updated documentation and proof that the initial investment is still active
Option 2
Option to apply for Permanent Residency
After 5 years, the applicant and dependents can apply for the Latvian Permanent Residency if they meet the Language caterer and if they can prove that they have resided in Latvia for
Also, when applying for permanent residence in Latvia, candidates must prove that they know the country’s anthem but also have knowledge of its history and culture and Language.
- You need to spend a minimum of 4 out of the 5 years physically residing in Latvia.
- You are allowed to be outside Latvia for short periods, but you should not be absent for more than six consecutive months at a time, and the total time spent outside Latvia during the 5-year period should not exceed 10 months in total.
Option 3
Procedure For Annual Renewal Costs
Renewal process should be started 45 days prior to expiry. All family members
must visit Latvia for 5 days.
Amount: 200 Eur per person
600 Eur for proof of residence for one year
500 Service fee.
Procedure
Investment to Company Share Capital: 50,000 Euro: Home country of Applicant
Government Tax after Positive decision: 10,000 Euro: Latvia
Legal and Processing Fees: 25,000 Euro
Contact with us
Contact Hetdynamic Ltd for Visa & Immigration
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No 3 Akpoguma Street, Surulere Lagos
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Request a Appointment
