European Residency in Latvia
Latvia is a beautiful Baltic state that shares its borders with Estonia, Russia, Belarus, and Lithuania. The country is characterized by its low-lying plains across most parts of the country. Riga is the capital and business center of Latvia.
In 2004, Latvia joined the European Union and Nato. Latvia has a GDP of around $40 billion. Logistics, timber, and manufacturing have the highest contribution to the Latvian economy.
Fertile Plains with Long Coastlines
Latvia has a total coastline of about 460 km along the Baltic Sea. Low plains of Latvia are very fertile and have promoted agriculture for centuries. The country also has an extensive network of rivers.
With a temperate seasonal climate, the majority of the Latvian terrain is covered in forests, swamps, and meadows. Ethnic Latvians are about three-fifth of the total population.
Latvia’s economy started to diversify after its independence and now most industries in Latvia are privatized.
Study Group
Graduate
Undergraduate
PHD
Institutes
150+
Cost
From 5000
AUD
Why Latvia?
Latvian economy is small but dynamic. EU membership gives Latvian citizens strategic benefits across Europe. The country also has diverse business potentials.
With a Latvian passport, you can travel visa-free to Schengen countries. Latvia offers citizenship for the spouse and dependent children of investors. The application process is also quick and efficient compared to many other European countries.
Latvia at a Glance
Capital: Riga
Languages: Latvian (official), English & Russian widely spoken
Population: 1.8 million (2023 est.)
Currency: Euro (EUR)
Latvia’s Residency by Investment (RBI) program, established in 2010, is one of Europe’s oldest and most affordable pathways to residency. It offers flexible investment options and exclusive benefits for high-net-worth individuals and families.
Program Overview & Investment Commitment
Latvia offers three main residency-by-investment options:
- Equity Investment in a Latvian Company
A business-focused pathway for investors looking to expand their presence in the European market.Investment Commitment: EUR 50,000 investment in a Latvian company’s share capital, plus a one-time state fee of EUR 10,000.
Real Estate Purchase
A property-based route providing secure residency through real estate ownership.Investment Commitment: Minimum property purchase of EUR 250,000, plus a one-time state fee of EUR 12,500.
Bank Deposit Investment
A secure and stable financial investment method.Investment Commitment: EUR 280,000 deposit in subordinated bonds with a one-time state fee of EUR 12,500.
Key Benefits
- A simple and efficient application process.
- Seamless travel to 26 European countries, enhancing your mobility across Europe.
- Applicant can include spouse and dependent children under the same application.
- The application process is quick and efficient, with processing times typically ranging from 2 to 4 months.
- Fast-track to permanent residency after just 5 years of living in Latvia.
Procedures
The Latvian Residency by Investment process begins with a simple due diligence background check and submission of required documents.
Obtain your citizenship seamlessly with eduaid by following these 4 simple steps:
Start your journey with eduaid’s expert guidance.
Let us help you choose the perfect citizenship program for you and your family.
Simply submit the required documents and complete the formalities.
Enjoy the freedom of your new citizenship and passport.
What You Need to Apply
To obtain citizenship in Latvia, you must fulfill the following requirements.
Age
Applicants must be at least 18 years old.
Financial Stability
Proof of financial stability is required.
Character
Must have a clean criminal record.
Residency History
No history of illegal stay in Turkey.
Investment Period
Investment must be held for at least 3 years.
Available Visas for Turkey
Check out the available visa types for Turkish citizenship.
