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NIBELC GROUP
Latvia

Latvian residence through a business investment

The programme gives an investor and their family European residence through a direct investment in a Latvian company, with a route to permanent residence and citizenship if the conditions are met.

The country

  • In northern Europe on the Baltic Sea — the gateway between the Nordic countries and central and eastern Europe.
  • A population of about two million. The capital is Riga.
  • Joined the European Union in 2004 and the Schengen area in 2007.
  • Visa-free travel, residence and study across the 29 Schengen member states.
  • A major logistics hub, well placed for cross-border trade.
  • Modern technical infrastructure, with internet speeds among the fastest in the world.
The House of the Blackheads square, Riga

What it gives you

Residence

  • Legal right of residence in Latvia
  • The right to live, study and invest in Latvia
  • Freedom of movement across the Schengen area
  • The ability to bring family members
  • A route to permanent residence and citizenship if the conditions are met

Investment

  • You may own and run a business in Latvia
  • Access to the European market through that business
  • You may hold shares and receive dividends from a Latvian-registered company
  • Return on the investment and capital growth

Who qualifies

Basic conditions

  • Over 18 and not a national of the EU, EEA or Switzerland
  • A clean criminal record, with no serious convictions
  • A valid passport and health insurance valid in the Schengen area
  • Proof of the lawful source of funds, under anti-money-laundering rules
  • The financial capacity to make the investment

Investment required

  • At least € 50,000 into the share capital of a commercial company.
  • Once the first permit is approved, a further € 10,000 is paid into the state budget.
  • The usual routes: incorporate a new company, invest in a local business, or buy shares in a trading company.

Family members included

  • Spouse and children under 18
  • Children over 18 who are still studying and dependent

Indicative total cost

ItemAmount (€)
Share capital investment55,000
Residence permit fee5,000
Other costs — state fees, insurance, medical (estimate)500
Registration of a Latvian residential address (annual)1,500
Payment into the state budget, after approval10,000
Total72,000
  • Translation costs may arise if documents are not in English, German or French.
  • Some smaller costs vary case by case.
  • The balance to be held in the Latvian account is around € 84,000, covering the investment and the required minimum living costs.
Modern glass architecture in Riga

How it runs

  1. 01

    Prepare the file in your home country

    Passport valid for at least a year, 4×5 photographs on a white background, a criminal record certificate, consular-legalised documents, and proof of funds.

  2. 02

    Prepare the funds

    Put in place the balance required in the Latvian account, covering the investment and the required minimum living costs.

  3. 03

    File in Latvia

    Sign the power of attorney, open a Latvian bank account, transfer the funds to it, and file with the migration authority (OCMA).

  4. 04

    Wait for the decision

    Fees by speed: 30 days € 160 per person, 10 days € 280, 5 days € 560. This is the time to a decision, which is not always the final outcome.

  5. 05

    Receive the outcome

    The file may be approved, refused, or returned for further documents — the last is common. It can take up to four months, and up to twelve in unusual cases.

  6. 06

    Make the investment

    Incorporate or invest in the Latvian company, complete the legal and operational steps, and keep the conditions met for renewal.

Riga skyline

One thing to know about the timing

Latvia's Immigration Law is being revised. The text passed by parliament on 11 June 2026 removes the real estate route and the bank deposit route, but KEEPS the company investment route — the route this programme uses. The President returned the law for a second review on 19 June and parliament took it up again on 20 August; as at the date checked the law is not in force, so applications are processed under the current rules. We confirm in writing what applies to your case before you transfer any money.

Figures from NIBELC's programme file · legal position checked 28 August 2026

Ask us about Latvia

This page is general information about the programme, not legal or investment advice. Conditions, amounts and processing times are set by the Latvian authorities and can change.