Residence permit in Latvia: Bank deposit

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.

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