Golden Visa Benefits

The Latvia Golden Visa Program offers specific benefits for investors who choose the Real Estate Investment Option to obtain residency. This route is popular due to its relatively low investment threshold and the potential for both personal and financial gains. Below are the key benefits associated with the Real Estate-Based option of the Latvia Golden Visa:

Visa-Free Access to the Schengen Zone

A residence permit through real estate investment grants visa-free travel throughout the Schengen Area, which includes 26 European countries. This allows for free movement across Europe without the need for additional visas.

Residence Permit for the Investor and Family

By investing in Latvian real estate, the applicant receives a temporary residence permit (TRP) for 5 years, which allows them and their immediate family members (spouse and minor children) to live, work, and study in Latvia.

No Mandatory Stay Requirement

One of the attractive features of Latvia’s real estate investment option is the lack of a minimum stay requirement. Unlike many other European Golden Visa programs, you are not required to live in Latvia for a specific number of days each year to maintain your residency status. This gives flexibility for investors who may not want to relocate permanently.

Potential for Property Appreciation and Rental Income

Latvia, especially in cities like Riga, has a growing real estate market. Investors can benefit from property appreciation over time, as the market is expected to continue developing, particularly in urban areas.

Pathway to Permanent Residency and Citizenship

After five years of holding a temporary residence permit, the investor and their family members can apply for permanent residency in Latvia. After ten years of residence (including both temporary and permanent residency), the investor may become eligible for Latvian citizenship.

Cultural and Lifestyle Benefits

Latvia offers a high quality of life with low living costs, making it an attractive destination for residence. The country has a rich cultural heritage, beautiful landscapes, and a favorable climate for those looking to spend part of their time in Europe.