Key Benefits:

1. Visa-free travel within Europe’s Schengen Area
2. Lowest cost option among all european golden visa
3. Residence permits acquired within 3-4 months
4. Residence permit renewed once after five years, provided the holder maintains the investment in Latvia
5. Opportunity to rent out the investment property
6. Residence applicable to the whole family
7. Access to public healthcare and education systems in Latvia
8. Eligibility to apply for citizenship after ten years of legal residence
9. Ability to hold shares and receive income from the dividens of a company registered in Latvia

Requirements:

To obtain a residence permit through the Latvia Residence by Investment Program, applicants must fulfil one of the following requirements:

• Investment in a Latvian Company:

Invest a minimum of EUR 50,000 into the equity capital of a Latvian company, provided the company pays at least EUR 40,000 in taxes annually. Additionally, make a one-time payment of EUR 10,000 to the state budget as a government tax upon the positive decision granting residence.

• Real Estate Investment:

Purchase real estate in Latvia valued at a minimum of EUR 250,000 and pay a state fee equivalent to 5% of the property’s value. For example, a property valued at EUR 250,000 would incur a fee of EUR 12,500.

• Investment in a Latvian Credit Institution:

Invest a minimum of EUR 280,000 into a designated investment account in a Latvian bank under the investor’s name. Additionally, make a one-time payment of EUR 25,000 to the state budget as a government tax upon the positive decision granting residence.

Application Process

Upon successful investment in one of the approved options, clients can then apply for a residency permit. Followng the issuance of the residence permit, applicants must submit biometric data and proof of investment. Following approval, biometric data submission is required, and PR cards are issued within 10 days. Residency is granted with an option to renew and can lead to Bulgarian citizenship after five years.

• Client reaches out to Destiny Migration Company
• Initial due diligence checks are conducted
• Client agreement is signed, and the retainer is paid
• Main applicant visits Latvia under a tourist visa to start the investment process, choose the qualifying option, and open a bank account. The process may also be conducted remotely until step 7 below
• Investment finalized and documents collected
• Application submitted and accepted by government authority (processing time about 2-3 months)
• Client visits Latvia again, with family, to conclude the application process, provide biometric data and original documents
• Application approved, residence permit issued