Program Details
Overview
Latvia’s economy is supported by diverse sectors such as logistics, information technology, and timber products.
Investment Options
Transit and Logistics: Take advantage of Latvia’s advanced infrastructure and strategic position as a logistics hub
Technology: Invest in the growing IT sector, with a focus on software development and IT services
Wood and Forestry Products: Opportunities in sustainable timber production and related industries
Key Benefits
Strategic access to Russian, Nordic, and wider European markets
Competitive operational costs for businesses
Favorable tax regimes and investment incentives
Eligibility Criteria
Adherence to Latvia and EU investment regulations
Demonstration of sufficient financial capacity
Clean criminal record
Processing Time
Processing times vary by investment type, but residency and business permits in Latvia are generally completed within a few months.
Dual Citizenship
Latvia permits dual citizenship in specific cases, particularly for individuals of Latvian descent.
Travel Benefits
Holders of a Latvia passport have visa-free access to Schengen Area countries and numerous other nations worldwide.
Tax Benefits
Latvia provides favorable tax policies for businesses, including special regimes for startups and technology companies.
Required Documents
Detailed business plan outlining the investment
Proof of funds with official certification
Identification documents and any required visas or permits
Legal documents for property or business acquisition