- Property Purchase
- Residency
- Latvia
Non-EU citizens and their family members wishing to obtain a Golden Residence in Latvia can do so by making a deposit in one of the country’s reputable banks for a minimum amount of €280,000, earning at least 3% interest in the valuable Euro currency. This method allows you to make a safe investment in one of the peaceful countries located in the northeastern part of Europe.
About Latvia
Latvia is a Baltic country in Northern Europe, bordered by Estonia, Lithuania, Russia, and Belarus, and connected to the Baltic Sea on the west. Its capital, Riga, is the largest city, renowned for its stunning architecture, rich history, and vibrant culture.
With a population of approximately 1.9 million, Latvia boasts pristine nature, including lush forests, beautiful lakes, and sandy beaches. It regained independence from the Soviet Union in 1991 and has since become a member of the EU and NATO, progressing economically and technologically. Latvia also prides itself on folk music, traditional festivals, and a deep cultural heritage.
How Can You Obtain Latvia's Golden Residency?
By purchasing a property worth at least €250,000 anywhere in Latvia, you can obtain a Latvian Golden Residency Card, granting access to the EU and Schengen Zone.
By depositing a minimum of €280,000 in a Latvian bank, you can also qualify for the Golden Residency Card.
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The main applicant
Their spouse
Children under 18
- Passport: A valid passport is required.
- Bank Deposit: A minimum bank deposit of €280,000 is required.
- Government Fee: A one-time government fee of €25,000 is due.
- Financial Stability: Documents proving financial stability are necessary.
- Source of Income: Documentation verifying the source of income is required.
- Clean Criminal Record: A clean criminal record is mandatory.
- Legal Fees: Legal fees for processing and handling the application must be paid.
If your family has special conditions...
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Key Features of Obtaining Latvian Residency
Simultaneous application for all family members
Monthly bank interest of at least 3%
Obtaining Latvian residence (Schengen)
Eligibility for Latvian citizenship after 7 years
The option for your children to study in international schools and Latvian schools
Additional Benefits of Latvian Residency
Timeline
Contract Signing
Consult White Bird's experts and sign the agreement.
Residence Card Issuance:
In this stage, you will receive your residence card.
The entire process takes around 6 months.
Golden Visa Latvia with Bank Deposit: A Gateway to Europe
The Golden Visa program in Latvia is one of the most affordable immigration options in the EU, offering residency through investment, including bank deposits. This method is a popular choice for those seeking European residency without needing to purchase property.
Conditions for Obtaining Latvian Residence Through Bank Deposit
To receive residence via bank deposit in Latvia, applicants must meet the following conditions:
- Bank Deposit: A minimum deposit of €280,000 must be made in one of Latvia’s reputable banks.
- Government Fee: A one-time government fee of €25,000.
- Financial Stability: Proof of financial capability to live in Latvia is required.
- Clear Source of Income: Applicants must provide documents showing that the investment comes from legitimate sources.
- No Criminal Record: A clean criminal record is a fundamental requirement.
- Legal Fees: Applicants must pay legal fees for processing their applications.
Advantages of Obtaining Latvian Residence Through Bank Deposit
✅ Access to Europe: Residence in Latvia allows visa-free travel within the Schengen Area.
✅ Pathway to Citizenship: After several years of residency, applicants can apply for citizenship and a European passport.
✅ No Need to Purchase Property: This method does not require property investment, as the deposit is held in a bank.
✅ Short Processing Time: Processing and approval usually take 3 to 4 months.
✅ Family Inclusion: Spouses and children under 18 can also obtain residency.
✅ Ability to Open Bank Accounts in the EU: Applicants can open both personal and business bank accounts in Europe.
✅ Low Taxes and Stable Economy: Latvia has an attractive tax rate and a growing economy.
Why is the Latvian Golden Visa a Great Option?
The Latvian Golden Visa program is one of the most affordable and fastest ways to obtain EU residency through investment. Latvia is a member of the EU and the Schengen Area, offering high security, a great quality of life, and favorable economic opportunities. With this program, your investment remains safely in the bank while you enjoy the benefits of residing in Europe.
Conclusion
If you are looking for a reliable and low-risk way to gain European residency, the Latvian Bank Deposit Residency program is an excellent option. It allows you to live, travel, and do business in one of the growing EU countries, while your investment remains secure in a reputable European bank.
Benefits of Property Purchase in Latvia
Buying property worth at least €250,000 in Latvia enables investors to obtain temporary residency in the country. This residency includes the spouse and children under 18 of the applicant. Other advantages of this program include no language requirement and no need for continuous physical presence in Latvia. Additionally, holding Latvian residency allows visa-free travel to Schengen Area countries.
Opportunities in Latvia
Latvia offers numerous investment opportunities due to its stable and growing economy. Its strategic location in the Baltic region, acting as a bridge between Eastern and Western Europe, along with developed infrastructure, skilled workforce, and favorable tax policies, makes it an ideal destination for investment.
Life in Latvia
Living in Latvia offers a blend of rich culture, pristine nature, and high living standards. Cities like Riga, Latvia’s capital, with its stunning architecture and modern amenities, provide a unique experience for residents. The cost of living in Latvia is lower than many Western European countries, making it an attractive option for immigrants.
Investment Opportunities in Latvia
Apart from property purchase, there are other investment methods in Latvia. Registering a company or starting a business in the country can also lead to residency. Investment in bank deposits or purchasing shares in Latvian companies are other available options. Each of these methods has its own conditions and advantages, depending on the applicant’s goals and financial resources.
Ultimately, the Latvian Golden Visa program offers a great opportunity for those seeking to live and invest in an EU country with affordable costs and easier conditions compared to other similar programs.
