Latvia Residency
by Investment
Launched on 1 July 2010, the Latvia Residence by Investment programme is one of the most established routes to EU residency — access to the Schengen Area, the right to live, work, and study in Latvia, and a path to Permanent Residency after five years.
Benefits of the Programme
A fast, flexible route into the EU with minimal residency requirements.
Visa-Free Schengen Travel
Travel freely across the entire Schengen Area on your Latvian residence permit.
Live, Work & Study
Eligibility to reside, work, and pursue education in Latvia.
5-Year Renewable Permit
A five-year residence permit that can be renewed while the investment is maintained.
Family Inclusion
Include your spouse and children under 18 years of age in your application.
No Minimum Stay
No minimum stay is required to maintain temporary residency — just one visit per year.
Strategic Connectivity
Strong transport and trade links with both Russia and EU member states.
Fast-Track Procedure
A streamlined, fast-track application process from documentation to permit issuance.
Your Path to Latvian Residency
Initial Consultation
Documentation Collection
Application Submission
Application Review
Biometrics & Investment
Residence Permit Issuance
Latvia Residency Programme Details
To qualify, the main applicant must be at least 18 years old and have a clean criminal record.
Additional government processing and due diligence fees may apply.
Latvia
Latvia is one of the historic and scenic coastal states of the Baltic Sea, in the Schengen Area. Its capital, Riga, founded in 1201, is a UNESCO World Heritage Site known for its architecture and cultural heritage. About half of Latvia’s territory is forested, with national parks and hiking trails throughout.
Latvia connects well with both Western Europe and Russia, and is often described as a place where tradition and modernity meet. Economically, it is a flexible member of the EU and euro area, with prominent sectors in logistics, timber, manufacturing, and IT.
- Capital
- Riga
- Total Area
- 64,590 km²
- Population
- 1,786,955 (2025 estimate)
- Languages
- Latvian (official), Russian widely spoken
- Currency
- Euro (EUR)
- Exchange Rate
- 1 USD ≈ 0.92 EUR
Who Can Apply
The main applicant must be at least 18 years old with a clean criminal record. Investments may take the form of real estate or business share capital, and applications may include a spouse and children under 18 years of age.
Beyond the 5-Year Permit
Applicants become eligible for Permanent Residency after five years, provided they reside in Latvia for at least 183 days per year for four of those five years, demonstrate basic proficiency in the Latvian language, and show a general understanding of the country’s history and national anthem.
What Our Clients Say
Thank you Can Axis for guidance and giving me helpful advice to migrate to my favourite destination country. I highly recommend them to anyone seeking reliable and compassionate immigration assistance.
I had a great experience with Can Axis Immigration. Thank you to the entire team for your support — I am so happy to have received my visa. Thank you to everyone who supported me throughout this journey.
I tried a lot of agencies that process visas, and a lot of them provided unnecessary information — it was a real struggle. Not until I spoke with the Can Axis team, they were of great help.
Everything You Need to Know
The programme launched on 1 July 2010 and has since become one of the most reliable and attractive routes to EU residency.
Share capital in a Latvian company from €50,000 (plus a €10,000 state fee), or real estate investment from €250,000 (plus a 5% state fee).
Yes. Applications may include a spouse and children under 18 years of age.
No minimum stay is required to maintain temporary residency — just one visit per year.
After five years, provided you reside in Latvia for at least 183 days per year for four of those five years, demonstrate basic Latvian language proficiency, and show a general understanding of the country’s history and national anthem.
The main applicant must be at least 18 years old and have a clean criminal record.
Ready to Secure Your Latvian Residency?
Speak with our Dubai-based advisory team about the Latvia Residency programme — in confidence, with no obligation.