Business Investment
Invest in subordinated capital of Latvian banks — earn and reside in the EU.
Submit an application
Fast Processing
Obtain residency in just 2-3 months from application
Visa-Free Schengen Access
Travel freely across 26 European countries
No Mandatory Residence
Minimal stay requirements in Latvia
Path to Permanent Residency & Citizenship
A solid foundation for long-term life in the European Union
For the Whole Family
Your spouse and children receive residency together with you
Requirements for Obtaining a Residence Permit Through Business Investment
To obtain a Latvian residence permit through business investment, you must invest in a Latvian company and meet the following conditions:
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Investment Amount
€50,000 minimum – if the company’s annual turnover is less than €10 million and has fewer than 50 employees.
€100,000 minimum – if the company’s turnover exceeds €10 million or has 50+ employees. -
Government Fee
One-time state fee of €10,000 for all business investment applications.
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Company Requirements
The company must be operational, compliant with tax obligations, and meet all Latvian legal requirements.
Step-by-step process of obtaining a residence permit in Latvia
We present a simple and clear process for obtaining a residence permit in Latvia – from choosing an investment route to obtaining a residence card. We accompany you at every stage.
Business Selection and Investment Structuring
- Choosing an existing business or registering a new enterprise
- Preparing a business plan and investment strategy
- Conducting due diligence and registration with Latvian authorities
Document Preparation and Application Submission
- Gathering all required documents (passport, investment proof, registration details, etc.)
- Submitting the application to the Office of Citizenship and Migration Affairs (OCMA)
- Paying the government fee
Approval and Residence Permit Issuance
- OCMA reviews the application within 30-90 days
- After approval, the investor must visit Latvia for biometric data collection
- Temporary residence permit is issued for 5 years
Maintaining Resident Status
- The company must remain operational and comply with Latvian laws
- Only 1 day per year of physical presence in Latvia is required to maintain residency
- Submitting renewal application before the permit expires
List of required documents
Completed application form
Passport-size photos (3x4 cm)
Passport scan(s)
National ID card scan (if applicable)
Marriage certificate (if applicable)
Proof of income source
tax declaration, employment contract, or bank statement with cover letter
Proof of sufficient financial means
minimum €750 per month for main applicant and €150 for each minor family member
Proof of government fee payment
Proof of completed investment
Medical insurance policy
Police clearance certificate
Investment confirmation - extract from Latvian Enterprise Register
Curriculum Vitae (CV)
Path to permanent residence and citizenship
After 5 years of temporary residence permit, the investor can apply for permanent residence permit if:
- The business remains active.
- Tax and legal regulations are met.
- The basic Latvian language exam (level A2) has been passed.
After 10 years, it is possible to obtain Latvian citizenship, and with it – all the rights of EU citizens, including visa-free travel to more than 180 countries.
Who is this program suitable for?
For families who want to provide a better and more stable future for their children in Europe
For entrepreneurs and business owners looking to enter the developed European market.
For international investors seeking a stable residency with access to Schengen
For start-ups and innovators in Latvia’s technology-oriented business environment.
Contact with us
Contact Us for Visa
& Immigration
Contact Information
Residence Permit
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+371 288 549 91
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Info@residencepermit.lv
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13 Šķūņu iela Riga, Latvia-LV-1050
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Mon – Sat: 8:00 am to 6:00 pm
Sunday: Closed