Latvia•EuropeStartup Visa / Temporary Residence Permit - Entrepreneur
At a Glance
Processing Time
30 days
Application Fee
Free
Stay Duration
Up to 3 years
Renewable
Varies
Job Offer
Not Required
Dependents
Allowed
PR Pathway
No
This visa does not offer a direct route to permanent residency.Remote Work
Not Required
Overview
Visa for non-EU startup founders launching innovative, scalable businesses in Latvia. Valid for up to 3 years. Allows up to 5 founders per startup. Requires innovative business plan and venture capital funding milestones.
Latvia's Startup Visa is a temporary residence permit designed for non-EU entrepreneurs launching innovative, technology-based businesses. The program has been very successful, with 360 foreign founders representing 175 startups using the visa over the past five years. The visa allows multiple founders (up to 5) to work on the same startup and includes family members.
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Requirements
Financial
Minimum Savings
5,160 EUR
Documentation
Applicant Documents
Valid passport
Original
Business plan
Innovative idea description with technology roadmap
Market analysis
Competitive analysis and market potential assessment
Business model
Core strategy for profitability and revenue
3-year business plan
Planned activities for next 3 years
R&D plan
Product research and development roadmap
Founder information
Details for up to 5 co-founders
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Advantages
- No visa fee
- Fast 30-day approval
- Up to 5 founders per startup
- Family-friendly
- Startup support ecosystem
- Access to venture capital networks
Considerations
- Requires innovative/technology business
- Must raise EUR 30,000 within 6 months
- Must raise EUR 60,000 within 18 months
- Must maintain active business operations
- Up to 3-year limit
Application Process
Develop business plan
Create innovative, scalable business plan with market analysis and technology description
Submit application
Apply through Startup Latvia with business documentation
Application review
Startup Latvia reviews innovative idea and business viability
Approval decision
Decision within 30 days
Register company
Establish Latvia-registered company
Raise initial funding
Begin operations within 3 months, raise EUR 30,000 from qualified VCs within 6 months
Receive visa
Temporary residence permit issued
Application Forms
Startup Visa Application
Ready to Apply?
Check your eligibility first to see how well you match this visa