The Residence Permit for Investment (RPI) programme in Latvia enables non-EU nationals to receive a temporary residence permit by making economic investments in the nation. The RPI programme is intended for foreign investors who want to make investments in Latvia and support the development of the economy of that nation.

Though Latvia is not among the easiest countries to migrate to, investors can obtain a five-year residency permit by investing 50,000 EUR in a Latvian business that pays a minimum of 40,000 EUR in tax annually. Additionally, the investor must provide the government with a one-time gift of 10,000 EUR.

Given Below are the requirements for participation in Latvia's Residence Permit for Investment (RPI) programme:

• The candidate must not be an EU national.
• The candidate must be at least 18.
• The applicant must have enough money to make an investment in Latvia.
• The applicant is required to keep the investment for a minimum of five years.

The following documents are necessary for the Latvian Residence Permit for Investment (RPI) programme:

• A passport in good condition with at least two blank pages.
• A duplicate of the investment agreement or some other evidence of investment, like a share certificate, a real estate purchase agreement, or a certificate for government bonds.
• Bank or tax records as evidence that there are sufficient funds to make the investment.
• A certificate of no criminal history from the applicant's home country or from any other nation where they have lived for the last five years.
• Proof of active Latvian health insurance.
• A fully filled out application form and payment of the processing and application costs.

The straightforward residency application process is one of the best features of Latvia's residence by investment programme. Once you have all the required documents for the Latvian Golden Visa in order, you may go on with the application process. 

Visa Processing Time
You might travel freely around Europe in as little as two to three months as the complete process takes that long. It is crucial to remember that if the application has any delays or problems, the processing time may increase.

How to Apply
In order to apply for a golden visa to Latvia, you must:

• Choose the kind of investment you wish to make to qualify for the visa.
• Pay the charge mandated by your transaction for the State budget.
• Complete your overseas investment.
• Make an application for a temporary residency permit and provide the necessary paperwork.

Duration
The initial permit issued under the RPI programme is the temporary residency permit, which is valid for up to five years. A permanent residency visa may be available to the applicant after five years of continuous presence in Latvia.

Fees
The processing fee for a Latvian Golden visa varies depending on various factors. It normally costs around 4,000 EUR, but the visa fee keeps changing with time. So, you may contact the nearest embassy to have the most up-to-date information.

For how long can I extend my Latvian Golden Visa?
If the applicant manages to meet the eligibility requirements and restrictions of the Golden Visa program, they may extend their temporary residence stay in Latvia for up to five years.

In accordance with the Latvia Golden Visa program, may I bring my family with me?
Yes, the spouse and minor children of the applicant may be included in the application under the Latvia Golden Visa programme.