The Latvia residency permit is the cheapest residency by investment for an EU country. The Latvian law permit investment in the equity capital of a Latvian company for a period of 5 years to get a permanent residence permit. The investor MUST invest a minimum €50,000 into a business that pays a minimum tax value of €10,000 per year consistently for the last 3 years. A legal investment agreement with the investment company, and transfer of the company shares of not less than 10% of the company's total shares MUST be executed.
We have relationships with some Latvian companies where the investment is guaranteed for 5 years. The company guarantees the repayment of the investment after 5 years, and also pays a yearly return on the investment for as long as the investment is active. The permit gives visa free access to all the Schengen area.
Citizenship is possible after living in the country for a reasonable amount of time (between 8 - 10 years)