Golden visa in Latvia - Latvian Citizenship But believe it or not, Latvia actually has one of the oldest and longest-running residence by investment programs in Europe. It launched back in 2010 when it was in a financially dire situation and needed the foreign investment to get back up on its feet. At just €60,000, the business investment is a low-entry option to gain European residence for themselves and their family. A residence permit is valid for the period up to 5 years and the foreigner/investor is not required to stay permanently in Latvia to maintain the residence permit – allowing you to travel and live in any of the Schengen`s member country. Are you in need of Golden visa in Latvia? Know about this visa to get residence permit in Latvia by visiting the page or call us at +(371) 28286885.