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General Information
Residency by Investment (€50,000 Share Capital Increase)
Invest a minimum of €50,000 into the share capital of a qualifying Latvian company and obtain a 5-year temporary residence permit (TRP) granting visa-free access to the Schengen Area, business rights in Latvia, and a path to long-term residency or citizenship.
BENEFITS
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Low entry point: Only €50,000 investment (plus a one-time state contribution of approx. €10,000)
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Includes family (spouse & dependent children)
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Schengen Area travel freedom
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Minimal physical presence required
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Opportunity to apply for permanent residency and later citizenship
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Operate or own a business in a stable EU economy
PROGRAM OVERVIEW
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This route grants a temporary residence permit (TRP) through an equity (share-capital) investment in a Latvian company.
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The company must meet eligibility requirements concerning turnover, employees, and tax contributions.
INVESTMENT REQUIREMENTS
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Minimum investment: €50,000 in share capital of a qualifying Latvian company,
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The company must have ≤ 50 employees and ≤ €10 million turnover or balance.
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The company must contribute at least €40,000 per year in taxes to the Latvian state budget.
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One-time state contribution: €10,000 (after TRP approval).
PROCEDURE
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Company selection or formation – choose a qualifying Latvian company or create one.
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Share-capital increase – inject €50,000 into company capital and register at the Commercial Register.
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Pay the one-time state contribution.
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Prepare and submit documents – passport, proof of funds, company registration, insurance, accommodation, criminal record, etc.
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Submit TRP application to the Office of Citizenship and Migration Affairs (PMLP).
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Receive 5-year TRP and ID card after approval.
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Renew TRP subject to company activity and compliance.
Comparison with Other EU Programs
Country | Latvia | Greece | Portugal | Spain |
|---|---|---|---|---|
Feature: | (€50k company) | (€250k real estate) | (fund route) | (€500k real estate) |
Minimum Investment: | €50,000 + state fee | €250,000 | €500,000+ | €500,000 |
Schengen Travel: | Yes | Yes | Yes | Yes |
Physical Presence: | Low | Low | Moderate | Low |
Best For: | Entrepreneurs / SMEs | Property Investors | High Net-Worth Investors | Real Estate Buyers |
DISCLAIMER!
This information is for guidance only and based on publicly available sources and legal summaries. Rules and fees may change. Always verify with the Office of Citizenship and Migration Affairs (PMLP) or a qualified immigration advisor before investing or applying.
ADDITIONAL CONSIDERATIONS
Employment-Based TRP: Ensure your job contract is valid or renewed if your permit is tied to employment.
Investment-Based TRP: Maintain your investment to renew your temporary permit or transition to permanent residency.
For personalized guidance, consult with the Latvian Office of Citizenship and Migration Affairs or an immigration legal expert to ensure compliance with all specific requirements.
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