Investment-based residence permit, requiring savings 50,000 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
Alt: €280k deposit, €250k in funds/property; citizenship ~10yr
At a Glance
Eligibility Requirements
| Requirement | Details |
|---|---|
| Age Range | 18+ |
| Profession Required | No |
| 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 | €50,000 |
| Application Fee | €180 |
| Est. Total Relocation Cost | €60,000 |
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 Residency by Investment?
Investment-based residence permit, requiring savings 50,000 EUR, with path to permanent residence in 1 years.
Who is the Residency by Investment best for?
This pathway is best suited for: High-net-worth individuals seeking residence through capital investment.
Who should not apply for the Residency by Investment?
This pathway is not ideal for: Applicants without the required minimum investment capital.
What are the financial requirements for the Residency by Investment?
Applicants need minimum income of €2,220/monthly, minimum savings of €50,000. Additional costs may include the application fee and relocation expenses.
How long does it take to process the Residency by Investment?
Processing typically takes 40 to 60 days. Times may vary based on nationality, completeness of documentation, and current processing volumes.
Can I bring my family on the Residency by Investment?
Yes, this pathway allows family members including dependents. Your spouse may also be eligible to work.
Can the Residency by Investment 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 Residency by Investment?
Known issues and warnings: Alt: €280k deposit, €250k in funds/property; citizenship ~10yr. We recommend checking the official source for the latest updates.
Are there alternative pathways to Latvia?
Yes. Latvia offers 7 other immigration pathways. Compare all options on our Latvia country page.
What is the cost of living in Latvia?
Monthly costs for a single person in city center: Riga: €1,040/month; Daugavpils: €600/month; Liepaja: €680/month. These include rent, groceries, transport, and utilities.
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Get Your Free VerdictOfficial source: https://www.pmlp.gov.lv/en