The Latvia company share capital ownership is one of the cheapest (most affordable) routes to secure a golden visa in Latvia. Shares are units of ownership in a company that represent a shareholder’s stake in the business.
The Initial Residence permit issued under this option shall be issued for maximum period 5 years and can be renewed upon same conditions. It can be used to freely circulate in the schengen area for upto 90 days in schengen states.
- Processing time: approx. 2–4 months (depending on nationality)
- Result: Instant 5-year Latvia Temporary Residence permit (TRP) with biometric ID cards.
- After permanent residency is granted, company shares may be transferred to a third party if desired.
- No minimum residency requirement.
Company Share Investment
A straightforward business route owning equity in a Latvian company:
- €50,000 minimum Company Share Investment (can be sold after 5 years of PR)
- €10,000 State Fee
- €20,000 Additional Expenses (security checks, legal, processing fee, tax, agency fee)
Total: €80,000 All incl (includes spouse and children under 18)
Conditions
- Invested in share capital of a company for the purpose to increase the share capital of an existing company OR upon founding of a new business company in Latvia.
- Temporary residence permit shall be issued to no more than 10 foreigners
- Investor pays EUR 10 000 into the State budget for residence permit
Investment Options
- Option 1 – Invest at least EUR 50 000 and is made in a business company with the number of employees not exceeding 50, such company’s annual turnover or annual balance does not exceed EUR 10 million.
- Option 2 – Invest at least EUR 100 000 and is made in a business company with the number of employees exceeding 50 and such company’s annual turnover or annual balance exceeds EUR 10 million.
- Option 3 – Invest at least EUR 100 000 and it has been performed in the equity capital of a capital company, which together with one or several subsidiaries registered in the Republic of Latvia employs more than 50 employees and total annual turnover or annual balance thereof exceed EUR 10 million:
Note:
- Processing time: approx. 2–4 months (depending on nationality)
- Result: Instant 5-year EU Residency with biometric ID cards
- After permanent residency is granted, shares may be transferred to a third party if desired.
- Residency covers the investor, spouse, and children under 18 years old, each receiving biometric ID cards allowing free Schengen travel.
- The Latvian Company pays 40,000 taxes every year. This is paid by company not investor