Residence permit in Latvia: Bank deposit
Quote from RickRodriguez on Mart 2, 2025, 4:53 pm
- Bank deposit: from 280 000 EUR
- State budget contribution: 25 000 EUR
- Minimum deposit period: 5 years
- Application state fees: 1 000 EUR
- Length of the process: 1 - 3 months
- Visa-free travel: European Union
Latvian Immigration Law provides several investment options for obtaining residency in the country based on different residence permit programs, including receiving a temporary residence permit (TRP) and a permanent residence permit (PRP) afterwards.
Choosing correctly between the available options is strategically important for each foreigner and his family members relocating to the country when it comes to making plans for the future.
According to official data of Latvian Office of Citizenship and Migration for 01.01.2017, a total amount of TRP issued on the basis of company capital investment is 609. It is rated as the 2nd popular type of investment after a real estate purchase.
- Bank deposit: from 280 000 EUR
- State budget contribution: 25 000 EUR
- Minimum deposit period: 5 years
- Application state fees: 1 000 EUR
- Length of the process: 1 - 3 months
- Visa-free travel: European Union
Latvian Immigration Law provides several investment options for obtaining residency in the country based on different residence permit programs, including receiving a temporary residence permit (TRP) and a permanent residence permit (PRP) afterwards.
Choosing correctly between the available options is strategically important for each foreigner and his family members relocating to the country when it comes to making plans for the future.
According to official data of Latvian Office of Citizenship and Migration for 01.01.2017, a total amount of TRP issued on the basis of company capital investment is 609. It is rated as the 2nd popular type of investment after a real estate purchase.
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Quote from adrielsingh on Yanvar 4, 2026, 7:29 pmTo obtain a residence permit in Latvia, one common requirement is proof of financial stability, often demonstrated via a bank deposit. The deposit amount varies depending on the permit type and is used to show you can support yourself while in Latvia. Proper documentation from a recognized bank is necessary when submitting your application.
To obtain a residence permit in Latvia, one common requirement is proof of financial stability, often demonstrated via a bank deposit. The deposit amount varies depending on the permit type and is used to show you can support yourself while in Latvia. Proper documentation from a recognized bank is necessary when submitting your application.