Latvia Startup Visa 2025: EU Residency

What is the Latvia Startup Visa?

The Latvia Startup Visa is a specialized residency permit designed for entrepreneurs and startup founders from non-EU countries who want to establish innovative businesses in the European Union. Latvia offers one of the most accessible and cost-effective pathways to EU residency through entrepreneurship.

Key Benefits of Latvia Startup Visa

• EU Schengen Access: Travel freely across 27 Schengen countries
• Low Cost of Living: Riga offers European quality at Eastern European prices
• Fast Processing: Typically 30-60 days for approval
• Path to Permanent Residency: After 5 years, apply for long-term EU residence
• Business-Friendly Environment: 20% flat corporate tax rate (0% on reinvested profits)

Eligibility Requirements

To qualify for the Latvia Startup Visa, you must meet the following criteria:

• Innovative Business Idea: Your startup must be scalable and technology-driven
• Business Plan: Detailed plan showing market potential and innovation
• Financial Resources: Proof of sufficient funds (approximately EUR 5,000-10,000)
• Clean Background: No criminal record or immigration violations
• Health Insurance: Valid coverage for your stay in Latvia

Application Process Step by Step

Step 1: Prepare Your Startup Application

Create a comprehensive business plan that demonstrates innovation, scalability, and market viability. The Latvian Investment and Development Agency (LIAA) evaluates all startup applications.

Step 2: Submit to LIAA for Evaluation

Submit your startup concept to LIAA. They assess whether your business qualifies as an innovative startup. This evaluation typically takes 2-4 weeks.

Step 3: Receive Approval Letter

Upon approval, you receive a letter confirming your startup qualifies for the visa program. This letter is essential for your visa application.

Step 4: Apply for Temporary Residence Permit

With LIAA approval, apply for a temporary residence permit at the Latvian embassy or consulate in your country. Required documents include:

• Valid passport
• LIAA approval letter
• Proof of accommodation in Latvia
• Health insurance
• Proof of financial means
• Application form and photos

Step 5: Register Your Company

Once in Latvia, register your company with the Enterprise Register. This process is straightforward and can be completed within 1-3 days.

Costs Breakdown

• State Fee: EUR 100-200 for residence permit application
• Company Registration: EUR 150-300
• Health Insurance: EUR 30-100/month
• Minimum Capital: EUR 2,800 for SIA (limited liability company)
• Legal Assistance: EUR 500-2,000 (optional but recommended)

Living in Latvia as a Startup Founder

Riga, the capital of Latvia, has emerged as a vibrant startup hub with a growing ecosystem. The city offers:

• Active startup community and co-working spaces
• Regular networking events and pitch competitions
• Access to EU markets and talent
• High-speed internet and excellent digital infrastructure
• English widely spoken in business settings

Renewal and Long-Term Prospects

The initial startup visa is valid for 1-3 years and can be renewed. After 5 years of continuous residence, you may apply for permanent residence or even citizenship, providing long-term stability in the EU.