The Latvia Golden Visa program provides a path to golden visa by subscribing to State debt (government issued residency bonds similar to Hungarian residency bond program) to a minimum of 250,000 euros plus fees. A Residence permit is granted for 5 years and renewable. Family members can also be included.
Benefits
- Risk free investment
- Capital paid back by government (guaranteed)
- Interest free debt securities or bonds.
- Residence permit granted for 5 years and extendable.
- Spouse, children under 18 can be included (no investment needed)
Minimum Investment
- EUR 250,000* (bond) plus EUR 38,000 State fee
*Additional agency/lawyer fee apply
Conditions
Third country nationals or foreigners purchasing interest-free state securities dedicated to a specific purpose with the nominal value EUR 250 000 and pays EUR 38 000 into the State budget:
- 250,000 EUR interest free Government Bonds
- 38,000 EUR State fee
- 30,000 EUR Security checks, legal fees, processing fee
Acquisition of interest-free government bonds shall be done ONLY after the PMLP immigration office makes positive decision has been made on granting a temporary residence permit.
The Immigration Law requires prior checks for clean criminal record/ background checks as a criteria for granting a residence permit to investors. The Security Police checks the background of all foreign investors . If the Security Police have concerns about the origins of money , they ask the Latvian FIU to investigate the matter.
Documents
Following Documents to be submitted if you want to receive a residence permit in the Republic of Latvia as a person who acquires interest-free government bonds determined for special purpose with the nominal value of 250 000 euro:
- a payment document attesting to the payment of the State fee.
- a full copy of a passport (foreigner certify the validity of the document by himself);
- an application on a specific form for the request of a residence permit ;
- photo;
- a document certifying the necessary subsistence (the required subsistence is 500 euros per month. If family members come with you, the required subsistence is 500 euros per month for an adult and 150 euros per month for a minor.)
