Northeastern Europe, located along the shores of the Baltic Sea and the Gulf of Riga, the Republic of Latvia, is one of the most naturally beautiful and green countries in the world with the rich history, high-quality lifestyle, excellent-quality medical care, and high-standard education system in the European Union famous for its pristine nature, stable government, delicious cuisine, extended beaches, great Art Nouveau buildings combined with historic heritage architecture, various social services, and warm people. The Latvia Residence by Investment Program was launched in 2010 that provides temporary residency with unlimited renewable option every five years with no requirement to live in Latvia to retain it. Applicants and their dependent family members can live, study and work in Latvia and gain freedom of movement within the entire Schengen area with the option to obtain the Permanent Residence after 5 years.
Latvia’s Residence by Investment program offers a straightforward route to European residency through various investment options, including real estate acquisition and business ventures. This program grants access to visa-free travel within the Schengen Area and provides a pathway to long-term residency and citizenship. With its strategic location, dynamic economy, and affordable living, Latvia is an ideal destination for investors seeking opportunities in Europe. The program’s efficiency and attractive benefits make it a popular choice for individuals and families looking to expand their global reach.
• 3-4 months
• Visa free access to the Schengen Area
• Equity investment in a Latvian company, Bank deposit, Government bond • Make a deposit into subordinated loans or bank bonds. • Real Estate Investment
• Minimum of EUR 50,000 PLUS EUR 10,000 donation in Equity investment • Minimum of EUR 280,000 in Bank Deposit • Minimum of EUR 250,000 in Real Estate
• Spouse, children under the age of 18
• Right to live, study and work in Latvia • Freedom of movement in Europe’s Schengen Area and EU •Retain residency without physical presence obligation
The company should annually pay at least EUR 40,000 in tax to be eligible for investment.
Five years hold
MICS Global specializes in guiding clients through Latvia’s Residence by Investment program with precision and ease. Our team provides expert advice on selecting the most suitable investment option, whether it’s real estate or business development, and ensures compliance with all requirements for a seamless application process.
With years of experience and trusted local partnerships, we streamline every step of your journey, from documentation to final approval. Whether you’re seeking Schengen Area access, long-term residency, or business opportunities in Europe, MICS Global delivers tailored solutions to help you achieve your goals effortlessly.
After retaining MICS and paying its initial professional fee, the first step is to sign the Power of Attorney (POA) document.
Then, MICS processing team will provide the applicant with a precise list of civil and financial documents required by the government and provide health insurance.
The applicant should make the required investment by investing in the equity capital of a company, purchasing real estate or making a bank deposit.
The MICS legal team will review the documents and financial sources as the client should provide evidence of financial means to support himself/herself and his/her family members.
MICS will submit the complete application package to the Office of Citizenship and Migration Affairs. This is when the administration and application fees will be due.After approval, the client should pay the one-time donation to the state budget in the equity capital of a company or make the bank deposit. In case of property purchase, make the complete investment.
The client must travel to Latvia within 3 months with his/her dependent family members for in-person biometric collection and obtaining residence cards in the form of ID cards.
Depending on the country of residence, the clients may need visitor visas to enter Latvia and MICS will provide required documents to support this request at the pertinent. This is when the payment of MICS professional fee balance will be due.Visa on arrival *
Online visa **
Ready to invest in your future? Contact us to learn more about Residency of Latvia by Investment and how MICS Global can assist you with the entire application process!