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How long do I have to live in Latvia to keep my Latvia Golden Visa?

The Golden Visa for Latvia is issued for five years and can be renewed indefinitely if the investment is maintained. However, there is no minimum-stay requirement, by means that the Golden Visa holders are not required to stay in Latvia, or visit Latvia, during the period that they hold the Golden Visa. Still, it is required to return every five years to update the biometric data.

Can the investment permit in Latvia be considered a work permit?

The Latvia Golden Visa does include the right to work in Latvia. Once you obtain the residence permit through the investment program, you can legally work, start a business, or be employed in Latvia without the need for a separate work permit.

Which investment option is more favourable? Buying a property, buying government bonds or capital transfer?

While setting up a business requires a lower minimum investment, other options like real estate purchases or capital transfers may appeal to those who prefer a more passive approach. Investing in real estate or government bonds is usually considered less risky, as it does not involve the complexities of running a business or meeting employment requirements. The choice between these options depends on individual preferences, risk tolerance, and long-term goals.

Can I use the Latvian residency permit to travel to other European Union countries?

Latvia Golden Visa holders can travel in the Schengen area for up to 3 months each semester without needing an additional visa. The Schengen area consists of 26 European countries that have officially abolished visas and border controls at their common borders.

The Schengen Area covers most EU countries except Ireland and the soon-to-be-joined Romania, Bulgaria, Croatia and Cyprus. Although not members of the EU, countries such as Norway, Iceland, Switzerland and Liechtenstein are also part of the Schengen area.

Is it possible to obtain more than one piece of property?

If you choose to invest in real estate, the minimum investment amount is EUR 250,000. You can obtain more than one property as long as their combined value meets or exceeds this minimum threshold. For example, if you purchase two apartments, their total value must be at least EUR 250,000. It’s essential to ensure that the properties comply with the conditions set by the program.

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Latvia Golden Visa is a residence-by-investment program based on a flexible and fast-track procedure that grants a five-year residence permit to non-EU citizens and their family members and ensures them travel freely in the Schengen zone without Visa.

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