The Latvian Golden Visa program offers foreign investors a pathway to residency in Latvia through various investment opportunities. Here are the four main options available:
1. Real Estate Investment
Investing in real estate is one of the most popular routes for securing a Latvian Golden Visa.
- Minimum Investment: €250,000 in real estate within Latvia.
- Additional Requirements: A one-time state fee equal to 5% of the property’s purchase price.
- Holding Period: The investment must be maintained for at least five years.
2. Business Investment
This is the most cost-effective option for those looking to combine their residency aspirations with business interests. Two alternatives exist under this category:
- Small or Medium Enterprises (SMEs): Invest €50,000 in a company with fewer than 50 employees and an annual turnover of up to €10 million.
- Larger Companies: Invest €100,000 in a company with over 50 employees and an annual turnover exceeding €10 million. State Fee: A minimum of €10,000 is required for both options.
3. Government Bonds
Purchasing Latvian government bonds is another straightforward way to acquire a Golden Visa.
- Minimum Investment: €250,000 in interest-free government bonds.
- Holding Period: Five years, after which the principal amount can be reclaimed.
- State Fee: €38,000.
4. Bank Deposit
This option involves placing a deposit in a Latvian financial institution.
- Minimum Deposit: €280,000 in bonds issued by a Latvian bank or credit institution.
- Holding Period: Five years.
- Interest: Unlike government bonds, you may earn interest on your deposit.
- State Fee: €25,000.
Choosing the Right Investment Option
Each of these options offers unique benefits and financial implications, allowing you to choose an investment pathway that aligns with your goals. Whether you’re interested in real estate, business, or secure financial instruments, Latvia’s Golden Visa program provides a flexible approach to residency in the European Union.