Latvia Residency by Investment – Bank Deposit Route

Obtain Latvian residency through a fixed-term bank deposit of €280,000.

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At a glance

Quick facts

Minimum investment: €280,000; Currency: EUR

Typical timeline: 4 months; From application start

Highlights

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Program overview

The Latvia Bank Deposit Residency route lets investors obtain a Latvian residence permit via a fixed-term deposit of €280,000 in a Latvian bank. It suits investors seeking EU residency, minimal physical presence, and family inclusion.

Investment overview

Invest €280,000 for a 5-year term in a Latvian bank. The deposit is interest-free and must be maintained to keep eligibility. The residence permit provides Schengen Area mobility.

Costs & proof of funds

Costs & funds

Program fees & proof of funds

Estimated program totals

EUR: €305,000

Required proof of funds

EUR: €280,000

Detailed fee table

Program fee breakdown with price, timing and notes.
Item	Price	When	Notes
Bank Deposit	€280,000	Before permit issuance	Fixed-term deposit held for 5 years
Processing & Government Fees	€25,000	On application/approval	Estimated total of state/processing fees

Swipe horizontally to see all columns.

We’ll share a personalized cost sheet after your pre-screen.

Proof of funds

Proof of available funds€280,000
Must be maintained for the duration of the program

Required (EUR): €280,000

Figures are indicative and may change with family size, project selection and program updates.

Eligibility

Applicant must be 18 years or older
Clean criminal record
Third-country national (non-EU citizen)
Legally married spouse may be included
Dependent children must be under 18 at application time

Key benefits

Minimal physical presence required — one visit per year
Schengen mobility with Latvian residence permit
Family inclusion: spouse and children under 18
Stable EU country with transparent banking environment

Application process

Process

How it works

7 steps

Step 1: Select Bank Deposit route
Choose the fixed-term Latvian bank deposit option and confirm basic eligibility.
GuidedAvg. 2–4 weeks
Step 2: Prepare documents
Compile KYC, proof of funds, police clearance, translations, and notarisation.
GuidedAvg. 2–4 weeks
Step 3: Submit application to OCMA
File via OCMA in Latvia or through a Latvian embassy/consulate.
GuidedAvg. 2–4 weeks
Step 4: Biometrics & D visa
Attend biometrics and obtain a D-type entry visa if required.
GuidedAvg. 2–4 weeks
Step 5: Place the bank deposit
Deposit €280,000 into a Latvian bank for a 5-year fixed term.
GuidedAvg. 2–4 weeks
Step 6: Residence permit issuance
Receive your Latvian residence permit and collect residence cards.
GuidedAvg. 2–4 weeks
Step 7: Maintain eligibility
Keep the deposit for 5 years and visit Latvia at least once per year.
GuidedAvg. 2–4 weeks

Comparison

Investment Option	Bank Deposit	Business Investment	Real Estate Investment	Special Purpose Bonds
Min Investment	€280,000	€50,000	€250,000	€250,000
Fees (€)	€25,000	€10,000	€38,000	€38,000
Holding Period	5 years	5 years	5 years	5 years
Family Inclusion	Spouse + under 18	Spouse + under 18	Spouse + under 18	Spouse + ubder 18
Citizenship	~10 years	~10 years	~10 years	~10 years