Citizenship of Latvia

Latvia Citizenship
by Investment

Investment amount: from € 60,000
Time to obtain: 10 years
Number of visa-free countries: 180
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The government of Latvia provides for citizenship granting to foreigners in exchange for investments in the economic development of the country. According to the Latvian Immigration Law, each applicant must legally reside in the country for 10 years in order to obtain citizenship. A simplified procedure for obtaining a resident status becomes available through a financial investment according to one of the approved investment options. The applicant is issued a residence permit for a period of 5 years, followed by the right for permanent residence. After 5 years from the date of receiving permanent residence the person is granted a right to apply for the citizenship.

BENEFITS OF OBTAINING LATVIAN CITIZENSHIP

CROSSING BORDERS WITHOUT VISAS

Opportunity to travel freely to 180 countries, including Japan, Great Britain, and countries of the European Union.

SECOND CITIZENSHIP FOR THE FAMILY

Latvian citizenship can be obtained by a spouse and minor children who are financially supported by the investor.

CONDUCIVE TAX SYSTEM

In Latvia there are low tax rates on real estate, no taxes on dividends, interest, and royalty.

HIGH-QUALITY HIGHER EDUCATION

Children of Latvian citizens have the opportunity of simplified admission to educational institutions of the European Union.

FREEDOM TO CHOOSE COUNTRY OF RESIDENCE

Citizens of Latvia are allowed to permanently reside and work on the territory of all the European Union countries.

QUALITY MEDICAL TREATMENT

Latvian citizens receive free medical care on the territory of the state.

Options for obtaining Latvian citizenship by investment

The first obligatory step for a foreigner to receive a Latvian citizenship by investment is to qualify for a temporary residence permit and afterwards a permanent residence permit. According to the legislation of Latvia, the investor must pay state fees and make a financial investment in one of the following options.

Investment
Government fee
Residence permit
Permanent residence permit
Citizenship
Capital of a new or existing Latvian company
Investment€ 50,000 / € 100,000
subject to number of employees is up to / more than 50 employees and annual turnover is up to € 10,000,000
Government fee€ 10,000
Residence permitissued during 3 months valid for 5 years
Permanent residence permitissued after 5 years of residence in the country with a residence permit status valid for 5 years
Citizenshipgranted 5 years after permanent residence permit is received
Subordinated capital of a credit institution
Investmentfrom € 280,000
Government fee€ 25,000
Residence permitissued during 3 months valid for 5 years
Permanent residence permitissued after 5 years of residence in the country with a residence permit status valid for 5 years
Citizenshipgranted 5 years after permanent residence permit is received
Purchase of no-interest special bonds
Investmentfrom € 250,000
Government fee€ 38,000
Residence permitissued during 3 months valid for 5 years
Permanent residence permitissued after 5 years of residence in the country with a residence permit status valid for 5 years
Citizenshipgranted 5 years after permanent residence permit is received
Purchase of real estate in Latvia
Investmentfrom € 250,000
Government fee5% of the property value
Residence permitissued during 3 months valid for 5 years
Permanent residence permitissued after 5 years of residence in the country with a residence permit status valid for 5 years
Citizenshipgranted 5 years after permanent residence permit is received
  • General requirements for applicants
  • no criminal record
  • citizenship of a non-EU country
  • age over 18
  • medical certificate of health condition
  • valid travel document
  • receipt of government fee payment
  • proof of official income source
How to get Latvia citizenship by investment

Discover new opportunities
for you and your loved ones with Latvian citizenship

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HOW TO OBTAIN LATVIAN CITIZENSHIP BY INVESTMENT

1 Selection of investment options

Lawyers of International Holdings will provide you with detailed advices on current procedures and possible investment options for obtaining Latvian citizenship. You will receive the best solution that meets your goals.

2 Collection and submission of documents

The process of acquiring Latvian citizenship by investment involves obtaining a government approval. International Holdings specialists will help you to fill in the required forms in the shortest time period, collect and submit a full package of necessary documents to the Embassy or Consulate of Latvia.

3 Financial investment

Upon approval, you are required to pay the stipulated fees and invest required sum in the selected option. Company's lawyers will provide legal support and ensure compliance with all the requirements.

4 Obtain a residence permit

The residence permit is issued at the Office of Citizenship and Migration Affairs. Within 1-3 months after the investment, you are issued a residence permit for a period of 5 years. At the end of this period, your status is replaced by a five-year permanent residence permit. To become eligible for citizenship, you must reside in the country for at least 4 out of last 5 years.

5 Submit application and obtain citizenship

If all investment conditions and requirements for the period of residence are met, you can apply for Latvian citizenship. After government approval, you will be issued a certificate of citizenship, on the basis of which the documents of Latvian citizen are issued.

WHY CHOOSE INTERNATIONAL HOLDINGS

Individual selection
of investment option

Assistance in filling out questionnaires
and collecting necessary documents

Information about second
citizenship remains confidential

Legal support during
investment procedure

Many years of experience
in the field of migration

Qualified support during
citizenship acquisition

Use the legal support
of International Holdings

for obtaining
Latvian citizenship

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