Startup Visa

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Latvia
About
Requirements
Cost of Living
Expats
Talent Migration

About

The Latvian startup visa is an initiative by the government of Latvia aimed at bringing in more talented individuals to come and develop their ideas in Latvia. The visa initiative goes hand in hand with the newly available EUR15 million that the state has made available to startups to develop ideas in accelerators. With a combination of available financing and eased visa requirements, coming to develop your startup in Latvia has never been easier. Startup visa is offered to all non-EU startup founders who are willing to come and kick-off their startup ideas in Latvia, a proud member of EU since 2004. One startup can have up to 5 founders with a startup visa.
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DURATION

3 years

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CITIZENSHIP

N/A

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FEES

113,29

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P. RESIDENCY

N/A

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COMPLEXITY

Low

Eligibility Requirements for the Startup Visa

3 Eligibility Requirements

  • The main criteria for getting Startup visa is an innovative (most often technology-based) Startup idea, which is easily scalable and yields a high added value.
  • Startup visa is offered to all non-EU startup founders.
  • It is spouse and children-friendly.

Document Requirements for the Startup Visa

10 Document Required

  • Valid passport.
  • Description of innovative idea and its technological description (if applicable).
  • Business model/company’s core strategy for profitability doing business.
  • Information about market potential of the product.
  • Analysis of competitors and description of your idea’s competitive advantages.
  • Product R&D plan.
  • Planned business activities for the next 3 years, including the planned necessary investments.
  • Simplified draft of planned cost/income structure for the next 3 years.
  • We highly recommend adding a pitch presentation if you have one, as well as short info on your and your team’s qualification/ competence in this field.
  • Once your startup is registered and settled in, bring your team from abroad – there is a special type of visa (again – residence permit) reserved for them.

Talent Migration data for Latvia

Talent gain & drain map of 2015-2019 data. Sourced from World Bank Digital Development Data.

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