Latvia remains the most attractive low cost residency program in Europe. We now offer exclusive Latvian residency by real-estate investment opportunity in the redevelopment of Gaismas Senior Nursing and Retirement Home — securing five-year EU residency, with full Schengen mobility, for the entire family.
- Eligible for Latvia golden visa
- Investment can be recovered after 5 years (clear exit)
- No minimal residency.
- Include spouse and children under 18.
- Latvia residence permit issued for 1 year (renewable)
- Latvia PR after 5 years of living.
- Latvian citizenship after 10 years of living.
Investment Options
The investment goes towards redevelopment Gaismas – senior retirement home in Latvia.
- Company Share – €50,000 (company share)
- Full Ownership in Room – €80,000 (allotted share)
After 5 years, the investment can be recovered by selling the share to other (share transfer). No returns. Only 10 visas are allotted for each company.
Additional costs
- State fee – €10,000
- Additional fee fee – €5,000 (includes legal fee, taxes, background check etc)
- Total: €65,000 (Includes spouse and children below 18)
Processing time: 3 months (within Latvia) or 6 months (outside Latvia)
Note: Parents, siblings and grandparents are required to submit.
How to Apply
- Sign the contract.
- KYC/Background checks.
- Pay the initial investment.
- Apply for Latvia visa at consulate in your country.
- Come to Latvia for biometrics.
- Collect residence card.
About Gaismas
Gaismas is the redevelopment of a flagship senior nursing and retirement residence in Spuņciems, Latvia — and a qualifying real-estate investment for the Latvian residence permit programme.
Investors participate in the redevelopment of Gaismas through Latvian company shares, securing a five-year EU residence permit for the entire family while contributing to a tangible, operating real-estate asset. The project is located in Spuņciems village — ten kilometres from the resort city of Jūrmala and thirty kilometres from Rīga — set between the Baltic Sea coastline and Babīte Lake.
Two participation routes are offered:
- a straightforward €67,000 Company Share investment with the option to sell the share after five years, or
- a €97,000 package that secures full ownership of a private suite within the residence.
