Latvia – Europe’s Lowest Cost Golden Visa Program
If you’re exploring a strategic and affordable way to gain access to the European Union, Latvia’s residency by investment program is currently the lowest-cost option golden visa available. With qualifying investments starting at just €50,000, Latvia offers a simple and fast route to EU residency – with access to the entire Schengen Zone.
But while low entry cost is a strong attraction, it’s worth understanding the structure of each route and the benefits they offer, especially for those also considering Latvia citizenship by investment in the long term.
Latvia Golden Visa – Entry-Level Route: €50,000 Company Investment
The entry point for the Latvia residence by investment program starts with a €50,000 investment into a Latvian company, provided that the business pays at least €40,000 in annual taxes, has under 50 employees and an annual revenue of under €10M.
Key details:
Investment of €50,000 must remain for the duration of the residence permit
No financial return – purely a capital placement
Only 10 investors allowed per company (limiting influence and scale)
If residency permit is no longer required, up to 50% of the investment may be withdrawn (terms apply)
- A one-time €10,000 donation to the Latvian government is required
- Additional processing & application fees apply
This option suits those looking for a low-cost Latvia residency by investment route with minimum physical presence requirements and access to Europe. However, it’s not designed for those seeking capital growth or security.
Enhanced Option: €100,000 Investment with Buy-Back Guarantee
For investors looking for a more secure and structured approach to Latvia residence by investment, La Vida offers a premium route in partnership with a trusted Latvian company operating in the luxury hospitality sector.
What’s on offer:
- Structured investment into an established, large-scale Latvian company
€100,000 Buy-Back – 100% of the investment returned after five years- guaranteed by the company.
Backed by a real business model with over 50 employees and €10M+ revenue
A one-time €10,000 donation to the Latvian government is required
Additional application and processing fees apply
Exclusive perk: Enjoy a 7-night luxury hotel stay in Riga every year
Unlike the entry-level model, this structure provides capital protection, security, and a clear exit strategy, making it ideal for passive investors who want peace of mind.
While the initial investment is higher, this route offers far more credibility, scalability, and assurance – especially for those who may wish to maintain residency longer term or use the investment as part of a broader EU mobility strategy.
Why Choose Latvia’s Golden Visa Program?
Fast Processing: Approval in 60 – 90 days (or just 1–3 days in person)
Family Benefits: Include spouse, dependent children under 18, and elderly parents
Minimal Presence Required: Maintain your residency by spending just one day per year in Latvia
Full Schengen Access: Travel freely across 27 European countries
From Residency to Citizenship – The Latvia Citizenship by Investment Pathway
For those planning a long-term stay, Latvia’s citizenship by investment pathway offers a route to full EU citizenship. After five years of temporary residency, individuals may apply for permanent residence, provided they’ve resided in Latvia for four of those years.
Citizenship and a Latvian Passport may be possible after ten years of full-time residence. However, applicants must meet additional requirements:
Evidence of a legal income source
Renounce their original citizenship (Latvia does not typically allow dual citizenship)
Pass a Latvian language test
Complete a cultural integration test, which includes a one-on-one interview with a government official
This path suits those who intend to make Latvia their permanent home, but may not be suitable for everyone. For investors seeking dual citizenship and more flexible timelines, programs like Portugal’s Golden Visa may offer better alternatives.
Who Is Latvia Residency by Investment Best Suited For?
Investors looking for low-cost, fast-track EU residency
Entrepreneurs expanding into the European market
Families wanting a Plan B with Schengen access and minimal relocation
Individuals planning to reside or invest in Latvia long-term
Whether you’re looking for a cost-effective route to Latvia residence by investment or a more secure, structured path with a guaranteed return, we can help. Contact La Vida for expert guidance.
