About Latvia
Located on the Baltic Sea in the heart of Northern Europe, Latvia is a member of the EU, NATO, the UN, and the Schengen Area. With an open, dynamic economy, rich cultural diversity, and a well-developed infrastructure, Latvia offers international investors an attractive environment for investment and long-term residence.
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Population: approx. 1.8 million
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Languages: Latvian, Russian, Belarussian, English, and others
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Economy: Small and open, with a highly developed transit sector
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Currency: Euro (€)
Latvian Residence-by-Investment Program (Golden Visa)
Since its introduction in 2010, Latvia’s Residence-by-Investment Program has brought over €1.3 billion into the country. It is designed for high-net-worth individuals seeking EU residency through qualified investments.
Company Participation in Latvia:
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Minimum investment of €50,000, provided the company pays at least €40,000 in annual taxes
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One-time payment of €10,000 to the Latvian government
Minimum Financial Means for Living Expenses:
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Single Applicant: €15,480/year
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Couple: €20,640/year
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Couple with One Child: €22,188/year
Spouses and children under the age of 18 can be included in the application.
Key Benefits
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Right to live, work, and study in an EU member state
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Visa-free travel within the Schengen Area
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No minimum stay required for permit renewal
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Fast application process: Processing within 30–90 days
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Attractive tax environment
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Strategic location: Access to Western & Eastern markets, including Russia
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Low entry investment threshold: from €50,000
Why Latvia?
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Central location connecting Western and Eastern Europe
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Capital Riga: UNESCO World Heritage Site with medieval charm and modern lifestyle
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High quality of life: 50% forest coverage, low crime rate, clean air
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Affordable cost of living
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Modern infrastructure: Airports, ports, and railways
Additional Advantages for Investors
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20% corporate tax (deferred on reinvested profits)
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Full EU single market access to over 450 million consumers
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Attractive location for business incorporation
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Stable legal and political environment
Procedure for the Latvian Residence-by-Investment Program (Golden Visa)
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Initial Contact
Inquiry submitted to GSK Advisory
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Preliminary Check & Agreement
Initial due diligence and contract signing
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Application Submission
Personal trip to Latvia for biometric data (fingerprints) and bank account opening
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Processing
Official processing time: 30–90 days
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Issuance of Residence Card
Personal collection of the residence permit in Latvia