Latvia
Latvia is a country that lies along the shores of Baltic Sea in Europe with borders with Estonia, Russia, Belarus and Lithuania. Latvia has a multitude of 12,000 small rivers and numerous lakes with an average number of 3,000. Latvia is mostly consisted of flat lowlands with a maximum elevation that reaches 312 meters.
- Capital Riga
- Official Language Latvian
- Official Currency EUR
- Area (km2) 64,589 km²
- Population 1,091,000
About Latvia
About 56% of Latvia is forested as it has the highest percentage of lands that is covered by forests in the European Union after Finland, Sweden and Slovenia According to the Environmental Performance Index “EPI”, Latvia took the second place worldwide as the greenest place from University of Yale. Latvia is considered as one of the safest countries in the world with low crime rates. Latvia has a lot of institutes that offer English-taught programs to international students. Latvia’s universities rank high among the best in the education institutions worldwide.
Legal basis of the program
Contribution
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Real Estate from
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Processing Time
3 – 4 months
Visa-Free Countries
EU Countries
Capital Investment from
85,000 EUR
Member of
UN
European Union
Council of Europe
(NATO)
(OSCE)
WTO
CBSS
Benefits of acquiring the residency in Latvia
There are a lot of advantages from of applying for residency program in Latvia as it allows applicants to live, work and invest in a healthy and stable environment along with other benefits as follows:
ENVIROMENTAL PROTECTION: According to the Environmental Performance Index “EPI”, Latvia ranked in second place from University of Yale
SAFETY: Latvia has a lowest crime rate, thus safety is very high there
TOURISM: Latvia is one of the most beautiful destinations in the world, as it has 12,000 small rivers and 3,000 lakes
FREEDOM OF TRAVEL: Freedom of travel to all Schengen Area countries, the largest trading bloc in the world
PRIVILEGES: Enjoying similar rights and privileges to European citizens, such as health, educational and social services.
EDUCATION: Residency holders can benefit from free educational system in public schools. And is available in English language as well.
INVESTMENT: Availability of strong logistical connection between Russia and the European Union Countries
WORK: Ease of establishing companies and bank accounts within the Country
COST OF LIVING: One of the cheapest countries within the European Union in terms of living costs
PERSONAL FREEDOM: According to the US News, Latvia is ranked the 26th among other Countries that prioritize human rights, gender equality and religious freedom.
LANGUAGE: No Latvian language requirement to obtain residency
Requirements for residency Eligibility
Requirements to apply for residency by investment program in Latvia
Main applicant must be aged 18 or above
Has a fixed income.
Added dependents to the application must be fully dependent on the main applicant.
Has no previous criminal record.
Not considered as a national security threat.
Types of Investments for residency
The above mentioned fees are subject to increase depending on family size
Other fees may be added like professional service and lawyers’ fee along with application fee
Non-refundable Governmental Contribution
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Non-refundable Governmental Contribution
10000 EUR
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