Latvia’s Golden Visa program continues to attract global interest, with Chinese investors leading the way. As of the first half of 2024, Chinese citizens accounted for 37% of all applications, solidifying their position as the most active participants in the program.
Turkish investors ranked second, representing 23% of the applications, while Indian citizens followed with 10%. Notably, the program has also seen a surge in interest from Vietnamese applicants. In 2024, 29 out of 30 Vietnamese investors opted for the business investor route, highlighting a growing preference for this specific investment pathway.
An Overview of the Latvian Golden Visa
The Latvian Golden Visa, officially known as the Latvian Residence by Investment Program, provides foreign nationals with an opportunity to obtain residency in exchange for investments in the Latvian economy.
This program stands out as one of the most affordable options for securing permanent residency in Europe. With various investment routes available, including real estate, business ventures, and government bonds, it caters to a diverse range of investor profiles, making it a popular choice among global investors seeking residency in the European Union.
As interest in the program grows, Latvia remains a competitive destination for individuals and families looking to benefit from its strategic location, robust economy, and access to the broader European market.