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Latvia Steadies Golden Visa Ship, On Track for Slight Uptick · IMI Podcasts

• 0:00
  SPEAKER_00: Latvia's Golden Visa program recorded 30 investor visas and 53 dependent visa approvals in the first half of 2024.
• 0:08
  SPEAKER_00: These numbers put the program on track to exceed the 2023 total of 47 investor visas.
• 0:15
  SPEAKER_00: Approved applicants maintain modest family sizes.
• 0:19
  SPEAKER_00: The first half of 2024 data reveal an average of 1.8 dependents per main applicant, indicating most investors relocate with small families.
• 0:29
  SPEAKER_00: The€50,000 business investment option was the top investor preference, claiming 74% of all applications.
• 0:37
  SPEAKER_00: 22 investors selected this route, while eight chose real estate investments, and the€280,000 bank deposit option attracted zero applications.
• 0:47
  SPEAKER_00: Business investments continue to outpace historical trends.
• 0:51
  SPEAKER_00: The€250,000 real estate option held the lead from 2015 until business investments overtook it in 2023 and the first half in 2024.
• 1:02
  SPEAKER_00: This shift echoes the previous Vietnamese investors' approach, as 29 out of 30 Vietnamese applicants chose the business investment route between 2020 and 2023.
• 1:16
  SPEAKER_00: Chinese investors lead application volumes at 37% in the first half of 2024, their highest share in the program's history, and their first time, as the outright dominant nationality since 2014.
• 1:31
  SPEAKER_00: This marks a shift from recent years when Vietnamese investors led the non-Russian market, accounting for one-third of approvals between 2020 and 2023.
• 1:41
  SPEAKER_00: Turkish investors rank second at 23%, followed by Indian applicants at 10% of all applications in the first half of 2024, reflecting a broader diversification since Latvia's 2022 ban on Russian applicants who had dominated the program between 2015 and 2022.
• 2:02
  SPEAKER_00: This episode first appeared as an article by Ahmad Abbas on IMIDaily.com.
• 2:09
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• 2:16
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