The investor is required to invest a sum of at least EUR 35,000 if the existing or new company fulfils the following conditions:

  1. Company does not employ more than 50 employees. and
  2. Annual turnover or balance sheet is not in excess of EUR 10 million, and
  3. Company pays not less than EUR 40,000 as state and municipal taxes.

The investor is required to invest a sum of at least EUR 150,000 if the existing or new company fulfils the following conditions:

  1. Company employs more than 50 employees. and
  2. Annual turnover or balance sheet is in excess of EUR 10 million.

Not more than 3 foreigners can apply by making joint investment in a single company.

List of Documents: Equity Investment in new or existing company

Documents required from citizens of:

Albany Chile Macedonia Saint Kitts and Nevis
Andorra Costa Rica Malaysia San Marino
Antigua and Barbuda Croatia Mauritius Serbia
Argentina El Salvador Mexico Seychelles
Australia Guatemala Monaco Singapore
Bahamas Honduras Montenegro Taiwan
Barbados Hong Kong New Zealand The Vatican
Bosnia & Herzegovina Israel Nicaragua United States of America
Brazil Japan Northern Mariana Islands Uruguay
Brunei Korea Panama Venezuela
Canada Macau Paraguay

Documents Required: Share Capital Investment

  1. Residence Permit application.
  2. A photograph.
  3. Proof of subsistence.
  4. Proof of place of residence in Latvia.
  5. Proof of payment of necessary state duties by the investor.
  6. Documents related to minor child or child under maintenance including proof of relationship and permission of other parent in prescribed format for the child to reside in Latvia, if required.

The documents must be submitted after your inviter has approved the invitation letter issued by the Office of Citizenship and Migration Affairs.

Individuals investing share capital in an Equity company in Latvia require an inviter who shall submit documents required for issue of the Letter of Invitation. The following persons can file the documents:

  1. Adult citizen or non-citizen of Latvia,
  2. Adult foreigner with valid permanent residence permit in Latvia.
  3. Citizen of EU, EEA Member State, or Swiss Confederation residing in Latvia with a registration certificate or permanent residence certificate.
  4. Government institution in Latvia.
  5. Legal entity registered as per the laws of Latvia.
  6. Foreign legal entity.

The individual executing the Letter of Invitation shall submit the following documents:

  1. Personal identification document.
  2. Contact information.
  3. Details of the foreigner along with details of purpose and duration of the stay.
  4. Proof of payment of state fee.

If the Letter of Invitation is executed by the representative of a legal entity or government institution, the following documents shall be submitted:

  1. Personal identification document.
  2. Duly executed Power of Attorney.
  3. Application
  4. Proof of payment of state fee.

The decision on approval of the Letter of Invitation will be taken within two days. If additional examination is required, then the inviter will be notified and a decision will be taken within ten days.

Related Link:

Additional Document and Filing of Documents