In the first half of 2025, the Golden Visa Latvia program processed 44 main applications, equivalent to 76% of the total in 2024. This marks the fastest growth in four years, with 107 residence permits issued (including dependents).
Experts believe that this pace indicates 2025 could become a breakthrough year for Latvia’s residency-by-investment program, with total main applications expected to reach around 88, approaching the record levels of 2021–2022. Thanks to its fast and flexible processing, Latvia is emerging as an attractive alternative destination for investors seeking European residency rights.
A notable highlight is the sharp rise of Vietnamese investors, from 2% in 2024 to 11% in the first half of 2025. Most Vietnamese investors are not only focused on profits but also aim for freedom of travel within the Schengen Area, access to European healthcare and education, and long-term settlement opportunities for their families.
Latvia is considered an ideal choice for Vietnamese investors thanks to its affordable investment threshold, starting from €50,000–€60,000, significantly lower than the €250,000–€500,000 required in many other EU countries. Experts describe it as a “cost-effective, accessible, and sustainable” option for those seeking a European residency plan in today’s landscape.
The structure of investment in the Golden Visa Latvia program is clearly shifting:
This trend reflects a strong recovery in Latvia’s real estate market, while also opening new opportunities for investors looking to diversify their portfolios within the EU.
Located in the heart of the Baltic region (together with Estonia and Lithuania) in Northeastern Europe, Latvia borders the Baltic Sea. The country is renowned for its clean environment, pine forests, and long sandy beaches, offering an ideal living environment.
Latvia has long been known for having one of the highest student-to-population ratios in the world. The government provides free education from primary to secondary school, and offers university scholarships to international students. Degrees obtained in Latvia are widely recognized across the EU.
The country excels in fields such as social sciences, law, engineering, and humanities, with programs offered in multiple European languages including Polish, Lithuanian, Belarusian, Russian, Roma, and Ukrainian.
Economically, Latvia is showing steady recovery — wages are rising, interest rates are declining, and both consumption and service exports are improving. Experts predict that growth will remain sustainable through 2026, supported by domestic demand, public investment, and exports.
Elmārs Priķsans, Director of OP Corporate Bank Latvia, noted:
“Despite global economic fluctuations, Latvia has maintained a stable and reliable environment. Even with challenges in the Eurozone, Latvia continues to post positive GDP growth and sustain strong investor confidence.”
Contact OMG VISA to start your Latvia immigration journey today!
Your trusted partner for citizenship by investment, permanent residency and international real estate.
