Latvia
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Latvia Citizenship by Investment Program
The Latvia Residence by Investment Program was launched on 1 July 2010 as an initiative to sustainably overcome the economic crisis of 2007– 2009. Foreign nationals may apply for a residence permit in Latvia through various options.
Key Benefits
- Visa-free access to Europe’s Schengen Area
- No minimum stay required to be eligible for the residence permit renewal
- Fast-track application procedure
- Russian widely spoken
- Excellent transport links with Russia and other EU member states
- Eligibility to apply for citizenship after 10 years of legal residence
Requirements of Latvia Residence by Investment
- Commit EUR 50,000 into the equity capital of a Latvian company (provided that the company annually pays at least EUR 40,000 in taxes)
- Make a one-time payment of EUR 10,000 to the state budget
- EUR 15,480 per year for a single main applicant
- EUR 20,640 per year for a main applicant and spouse
- EUR 22,188 per year for a married couple with one child
Procedures for the Latvia Residence by Investment Program
Residence Requirement of Latvia Residence by Investment
Citizenship in Latvia
After five years of receiving the residence permit, the applicant may apply for a permanent residence permit. To qualify for a permanent residence permit, the candidate must have resided in the country for four years out of the five-year period and should have successfully passed the basic Latvian language test at Level A2. The applicant must also have a proven knowledge of the general history of Latvia and the national anthem. Applicants must renounce their former citizenship in order to be granted Latvian citizenship, although exceptions may apply.