Latvia Golden Visa
2025 Ultimate Guide
€90.000 Minimum Investment + European Residency
Latvia Golden Visa In a Nutshell
Latvia’s Golden Visa or Residency by Investment Program used to be the most popular Residency by Investment Program - of Europe. Started in 2008, the Program has succeeded in attracting many thousands of applicants, especially from China and Russia. So, what does the Latvia Golden Visa entail in a nutshell?
- Investors need to become a shareholder in a Latvian
company, with €50.000 of minimum capital. Such
company must have less than 50 employees, and less
than 10 million Euros – in annual turnover. Every year,
to renew the Golden Visa – the company has to pay
the Government of Latvia €40.000 in taxes. Each
company is allowed to receive 10 families, as Investors.
- The requirement to pay €40.000 in taxes every year, increases the risk of Golden Visa renewals. However, Latvia is popular among our Investors – due to it being the most affordable Golden Visa, granting visa-free travel throughout Europe.
- Latvia requires a 10.000 Euro donation, made to the budget of the Latvian Government – as an extra. There are 30.000 Euros in further costs – relating to Golden Visa acquisition, company maintenance etc.
Latvia Golden Visa Program Benefits
The Most Affordable Golden Visa Program in European Union
Visa-Free Travel Throughout the 26 Schengen [EU] Nations
Income Earned from Companies is Paid as Dividends to Investors
Include Spouse, and Dependent Children regardless of their Age - given they were 18 in time of Application.
Home of the Port of Riga, a destination of travel and business opportunity.
Latvia Golden Visa Your Investment
Main Applicants need to invest a minimum of:
50.000 Euros
into a Latvian Company with less than 50 Employees and with less than 10 million Annual Turnover
40.000 Euros
as Non-Refundable Fees, including 10.000 Euros in Donation, Golden Visa Fees, Company Maintenance Fees, and Professional Fees
Choosing the right company to invest in, is the most critical aspect of the otherwise simpler Latvia Golden Visa Program. This is because:
- You cannot invest in any company of your choosing. The company has to be an SME with less than 50 employees, and less than 10 million Euros in annual turnover.
- Any company is limited with 10 families to accept, for the Golden Visa Program. This means, it is not possible to make a single, large Golden Visa-entity.
- Companies have to annually pay 40.000 Euros in taxes, to the Latvian Government. Not only
having the means to pay as such, but such companies must be eligible to these taxes.
- A company needs over 200.000 Euros of annual profits, to be eligible for 40.000 Euros in taxes. So, profitability is not the right route for Golden Visa eligibility. Such taxes also arise from out of employment of people, in Latvia.
Our Choice of Investment, Exclusive
GBM Group (the Company) is a leading producer of glued timber products (Glulam) mostly for door and window industry established in 1994 in Latvia. The Revenues of the group stood at 10.2 mEUR in 2022 with EBITDA 2.2 mEUR. The Company exports vast majority of its products, mainly to Baltic States, Germany and Norway. The client base are leading European window (mostly) and door producers.
SIA “Aosta” buys raw material including pine from Latvia, and Eucalyptus and Oak from international markets as imports – to be processed by SIA “GBM”. Once SIA “GBM” processes the raw materials into processed wood such as those given below, SIA “Aosta” pays SIA “GBM” for this service. SIA “Aosta” proceeds then, to export the processed wood to international markets such as Germany, Norway. SIA “Aosta” looks to raise capital, to purchase further Eucalyptus and Oak, to be processed by SIA “GBM” and resold to export markets at larger profit margins by SIA “Aosta”.
In its Accountants’ Report, average number of employees for SIA “Aosta” is 8. Currently, SIA “Aosta” employs 6 employees. Taxes paid per month for them is €3500. €3500/per month means €42.000/per annum of taxes. So, SIA “Aosta” is eligible to pay €40.000 in taxes, every year.
SIA “Aosta” offers 2 to 5% of estimated returns per year, and 100% buyback after 5-years – if demanded, guaranteed personally by the Owner and by the companies of the Owner of GBM. These numbers and guarantees are provided from the company, and are not guaranteed directly by InvestGC, in any capacity.
Latvia Golden Visa The Necessary Documents
| # | Document | Who Should Provide | Copy or Original | Notes |
|---|---|---|---|---|
| 1 | KYC Form | All Family Members | Copy | InvestGC will provide, if found necessary. |
| 2 | All Passports (previous and current) | All Family Members | Colored Copy | Main Pages |
| 3 | All Valid Visas | All Family Members | Colored Copy | Translation might be needed. |
| 4 | Completed Application Form with Photograph | All Family Members, in a Single Form | Original | Will be provided in English |
| 5 | All ID Cards | All Family Members | Original Copy | Apostille & Translation |
| 6 | All Residency Cards | All Family Members | Original Copy | Apostille & Translation |
| 7 | Documents to demonstate you have legally-obtained your income to invest | Main Applicant | Original | Apostille & Translation |
| 8 | Documents to demonstrate you have sufficient means to maintain you and your family (€500 per adult, €150 per non-adult) | All Family Members | Original | Apostille & Translation |
| 9 | Documents confirming the fulfillment of the chosen investment condition | Main Applicant | Original | Prepared by Our Team |
| 10 | Payment documents to confirm all state duties and fees are paid in full | All Family Members | Original | Prepared by Our Team |
| 11 | Certificates to document there is no criminal history, in every country the applicant resided over 12 months, in the last 10 years | All Family Members with Legal Capacity | Original | Apostille & Translation |
| 12 | Certificate of absence of tuberculosis | All Family Members | Original | Obtained in Latvia |
The Costs Associated with Latvia Golden Visa include:
- Application Fees totaling 4000 Euros, for up to a family of four,
- Professional Service Fees totaling 12.500 Euros, for up to a family of four,
- Banking Related Fees totaling 3500 Euros, for the entire family,
- Accounting and Company Maintenance Fees totaling 10.000 Euros, for the entire family,
- and Donation to the Gov’t of Latvia totaling 10.000 Euros, for the entire family.
Latvia Golden Visa Complete In 5 Steps
Step and Payments
| Time | Procedure | Payment |
| Beginning | Signing the Service Agreement with IGC or IGC’s partner. | + 50% of the Professional Service Fees, extra costs and taxes are paid. |
| First Two to Three Weeks | Document Collection, translation, certification, file preparation. | + No Payment |
| Third-to-Sixth Weeks | Opening of the Latvian Bank Account + Signing of the Share Acquisition Agreement + Payment of the Share Acquisition Price | 50.000 Euros, the capital investment minimum |
| Sixth-to-Eight Weeks | +Scheduling a date in the local Latvian embassy or consulate (or alternatively in the Office of Citizenship and Migration Affairs of Latvia, in Riga) +Attending the Interview | 10.000 Euros mandatory contribution to government |
| Ninth-to-Tenth Weeks | +Visiting Latvia to finalise the application by: -Going through a tuberculosis test, -Providing fingerprints. | +Remaining 50% of the fees, except for the 50.000 Euros capital investment and the 10.000 Euros mandatory contribution |
Timeline to Reach the Golden Visa
4 to 6 months, maximum.
Ask consultation on Latvia Golden Visa, from our experienced Experts.
