Investment in a Latvian company, bank, or real estate are three popular ways to obtain a residence permit (for 5 years with the possibility of extension) in Latvia. A residence permit for education is another option, but it is much more difficult to obtain and cannot be converted to a permanent residence permit later.

A residence permit in Latvia entitles its holder to the following benefits:

• You are welcome to invite your relatives;
• Automatic issuance of a residence permit for your spouse and minor children;
• Possibility of obtaining a European education;
• Possibility of expanding your business into the European market;
• Possibility of travelling freely throughout Europe;
• Latvian social privileges