Investment-based residence permit, requiring minimum income 2,220 EUR, savings 280,000 EUR, with path to permanent residence in 1 years.
High-net-worth individuals seeking residence through capital investment
Applicants without the required minimum investment capital
EUR 280,000 subordinated deposit in Latvian bank plus EUR 25,000 state fee. Deposit fully refundable after 5 years. Russian and Belarusian citizens restricted since 2022.
At a Glance
Eligibility Requirements
| Requirement | Details |
|---|---|
| Age Range | 18+ |
| Job Offer Required | No |
| Sponsorship Required | No |
| License / Recognition Required | No |
| Remote Income Allowed | No |
| Business Activity Required | Yes |
| Health Insurance Required | Yes |
| Proof of Funds Required | Yes |
| Can Apply From Abroad | Yes |
Financial Requirements
| Item | Amount |
|---|---|
| Minimum Income | €2,220/monthly |
| Minimum Savings | €280,000 |
| Application Fee | €160 |
| Est. Total Relocation Cost | €300,000 |
Family & Rights
| Right | Details |
|---|---|
| Family Allowed | Yes |
| Spouse Can Work | Yes |
| Children Allowed | Yes |
| Work Rights | limited |
| Remote Work Rights | limited |
| Renewable | Yes |
| Time to Permanent Residency | 1 years |
| Time to Citizenship | 1 years |
Related Pathways
Cost of Living
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Frequently Asked Questions
What is the Golden Visa - Bank Deposit?
Investment-based residence permit, requiring minimum income 2,220 EUR, savings 280,000 EUR, with path to permanent residence in 1 years.
Who is the Golden Visa - Bank Deposit best for?
This pathway is best suited for: High-net-worth individuals seeking residence through capital investment.
Who should not apply for the Golden Visa - Bank Deposit?
This pathway is not ideal for: Applicants without the required minimum investment capital.
What are the financial requirements for the Golden Visa - Bank Deposit?
Applicants need minimum income of €2,220/monthly, minimum savings of €280,000. Additional costs may include the application fee and relocation expenses.
How long does it take to process the Golden Visa - Bank Deposit?
Processing typically takes 20 to 30 days. Times may vary based on nationality, completeness of documentation, and current processing volumes.
Can I bring my family on the Golden Visa - Bank Deposit?
Yes, this pathway allows family members including dependents. Your spouse may also be eligible to work.
Can the Golden Visa - Bank Deposit lead to permanent residency or citizenship?
Yes. Holders of this visa can work toward permanent residency in approximately 1 years and citizenship in approximately 1 years, subject to meeting residence and other conditions.
What are the known issues with the Golden Visa - Bank Deposit?
Known issues and warnings: EUR 280,000 subordinated deposit in Latvian bank plus EUR 25,000 state fee. Deposit fully refundable after 5 years. Russian and Belarusian citizens restricted since 2022.. We recommend checking the official source for the latest updates.
Are there alternative pathways to Latvia?
Yes. Latvia offers 19 other immigration pathways. Compare all options on our Latvia country page.
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Get Your Free VerdictOfficial source: https://www.pmlp.gov.lv/en