Temporary residence permit is normally granted for one or two years, subject to renewal either annually or every two years. Available funds to maintain yourself and your family. In the fifth year, we will file the permanent residency application for him/her and family members. Latvia Permanent Residency for Investor According to Section 24 of the Immigration Law, a foreigner who has continuously resided in Latvia with a valid temporary residence permit for a period of more than five years can apply for a Permanent Residence Permit. Latvia is a baltic schengen member country which joined the European Union in 2004. Citizenship and Passport can be gained after 10 years. Latvia is a baltic schengen member country which joined the European Union in 2004. Detailed information on how we process your data can be found on our privacy policy. Acquisition of a residence permit based on investment a Latvian bank is often a superior option for those who are looking to obtain a residence permit while ensuring a stable investment with a guaranteed return, rather than exposing themselves to the possible variable gains sometimes seen when investing in real estate. Our immigration lawyers in Latvia can offer more information on these programs. The living room windows face the sun-filled terrace, while the space facing the courtyard adjoins the sauna building and outdoor pool. Note: Due to Covid-19, We have discontinued all services in Latvia. Cadastral value of the property must be at least €80,000. Latvia PR by Business Investment Latvia offers residence permits to those who invest in the country. Permanent residence permit for 5 years. It’s also a cheap program if you want to invest in real estate, as you get the most bang (square footage) for your buck in Latvia (out of all Golden Visa countries considered). Answer: Yes, there are similar programs in Bulgaria, Cyprus, Greece, Spain and Portugal. The Caribbean country of St Lucia offers the best and low cost citizenship by investment programs in the world. Residence by investment – live, work and study in the country of your choice and get a second passport. This is the most straightforward program. Book a consultation today. Minimum investment $100,000. Villa Lavanda consists of a single and two-floor space, the two-floor zone contains living and leisure area with an elevated ceiling, including the terrace. If you want to move to Latvia under the Residency by Investment Scheme, the investment conditions start at 500,000 euros. Latvia permanent residence and citizenship. “Continuously” means that your absence from Latvia during these given 5 years should not exceeded 6 consecutive months or altogether does not exceed 1 year. EUR 250,000 plus 5% state fees. In addition there is a government processing fee of €25,000 or 5% of the property value. We provide immigration, taxation and relocation advice, and much more. Наш специалист ответит вам сегодня или на следующий рабочий день. It’s simple: buy real estate anywhere in Latvia and get a temporary residence permit good for five years. Benefits of Latvia Golden visa You and your family do not have to live in Europe prior to applying for Latvia residence permit. Invest at least €250,000 in one or two properties depending on the location. The Latvia Residence-by-Investment Program is one of the fastest and most competitive programs in Europe. In order to be eligible to apply for Latvian citizenship and get European passport you must live in Latvia for 10 years, 5 of which as a permanent resident, you will need prove it with your permanent place of residence and a confirmation of employment. Established in 2010, the Latvian residency by investment program has been massively popular among foreign investors and entrepreneurs seeking to establish a footprint in Schengen Europe. Latvia offers residency by investment scheme through share capital investment. Living there is affordable; however, it is not at the expense of the quality. The Latvia RBI program provides a 5-year resident permit to approved applicants, after which they can apply for permanent residence. The program was launched on 1 July 2010 by the Latvian government as an initiative to sustainably overcome the economic crisis of 2007–2009. Greece requires the same amount of property investment as in Latvia – EUR 250,000. However, if you are planning to obtain Latvian Permanent Residence Permit (PRP), you can do that after 5 years of holding TRP status and you should to reside in Latvia continuously during these 5 years of holding TRP. Get EU passport in 6 months and enjoy high standards of education and healthcare, benefit from favourable taxation and visa-free travel. Latvia, a small Baltic country with a full EU and Schengen zone membership, offers an uncomplicated investment residency program for yourself and your family. To be eligible the main applicant must be 18 and older. Clean criminal record and good character. Additional costs for family members. The investors’ residence scheme in Latvia was introduced by amending the Immigration Law in 2010. Latvia immigrant investor program (Latvia golden visa) Residency by investment scheme in Europe. Methods of Investment for Permanent residence permit: - Real estate investment for 250,000 Euros plus a one-time payment of 5% of the purchase price to the state budget - Investment of 280,000 Euros in the subordinated capital of a Latvian Bank for 5 years - Investment of 50,000 Euros in the equity capital of a Latvian company The application process for residence takes 30–90 days. A residence permit is a document that gives a foreign citizen the right to temporarily (a temporary residence permit) or permanently (a permanent residence permit) stay in the Republic of Latvia. It used to be that you could purchase 100,000 Latvian lats (about $200,000) worth of property in Riga or any of the other main cities here and get a second residency. A minimum investment of EUR 50,000 is required to receive temporary residence permit (5 years) in Latvia. The Latvian residence, amicably called the Latvian Golden Visa, offers the cheapest residency by investment in Europe. How to get a Latvia residency by investing in property? By investing €250,000 into real estate you will get a luxury property with high-end finishes and you’ll be eligible to apply for Latvia Temporary Residence. Latvia allows dual citizenship, so you do not need to renounce your current citizenship to become a Latvia citizen. Holding a Residence Permit in Latvia entitles the investor to the following benefits: Permission to reside in the country for a period longer than 90 days. Neither would you be asked to attend an interview or prove your knowledge of the Latvian language. Benefits. We work with trusted partners and we have offices worldwide in Malta, UAE and Africa. Dependants can include a spouse, minor children, financially dependent children and parents. Top floor flats have access to large roof terrace, while ground floor residents have an advantage of their own private gardens. Although the Latvian residence permit by employment or by Assuming board members position are other common methods. After that the investment limit rises to €500,000. Latvia is a very popular program among Russian nationals. Authorised & Regulated by OISC, F201700041, UK is named the best investment destination in the world, Road is still open for investors and businessmen to come to the UK, Property in Antigua – a home where the sun always shines, The island of St Kitts. This type of investment provides convenience in terms of setting up a business within EU and making business trips while enjoying a visa-free policy of the Schengen Area. It will be ready for you and your whole family to move in and enjoy the high standards of design and finishes. This step was taken as a reaction... Latvia has the cheapest golden visa program in Europe. From May 2010 two new options (buying realty object or banking deposit) were introduced into Latvian legislation. All price inclusive. Limited Offer! Visa-free travel to other EU countries. Visa-free travel to Schengen member countries. The Latvia permanent residence permit is granted under certain conditions and it depends on the nationality of the applicant. Latvia residence by investment program was launched in 2010 in order to attract foreign investors. The history of Latvia began around 9000 BC with the end of the last glacial period in northern Europe. In these countries, you can also get temporary residence permit based on investment into property. Residence permit program in Latvia based on business investment offers foreigners great opportunities to invest their financial means in a new or existing business in Latvia with the aim of obtaining country’s residency. You and your family do not have to live in Europe prior to applying for Latvia residence permit. Apply for D visa at Latvian embassy/consulate in your consulate with the investment papers Visit Latvia and collect your residence permit. About 150 m2 of high-quality living in the city centre, close to all the amenities, schools and shops. If your budget is limited, simply invest in a trusted Latvian company, pay the fees, and get a European residence permit within three months. business day. After ten years as a permanent resident, you and your family may apply for naturalization. In return, you receive a residence permit in Latvia. A residence by investment program is another way of obtaining temporary and permanent residence when you are required to invest in a country of your future residence. One of our qualified advisors will get back to you today or next business day. And don’t forget that you are not only buying a home for yourself and your family in a beautiful country; this investment will secure your future as it will help you get Latvia permanent residence and a European passport. A residence permit is needed if you want to stay in the Republic of Latvia or in Schengen area for more than 90 days in a six-month period. Total Non-Refundable shared Capital Investment is around EUR 85000 to qualify for Temporary Residence Permit. All dependent family members can apply for Latvia Residence Permit together with the main applicant. Just pay one flat fee EUR 125,000 Government bonds or stocks (financing option). The building includes 62 residential apartments and some commercial spaces on the ground floor. One of the fastest routes to a European passport for the whole family. Latvia introduced its golden visa programmein 2010. The option to apply for a Permanent Residence Permit after five years. This European Golden visa program offers EU residency and citizenship in exchange for investment in real estate. The Latvian real estate market is stable and prospering; prices are steadily increasing. We'll assume you're ok with this, but you can opt-out if you wish. Make sure you fulfil other requirements as well: We will help you obtain Latvia Golden visa, relocate to Latvia or simply get your ticket to Europe. Health insurance for 1 year after the permit is granted. Permanent residence in Latvia. Our legal advisers are committed to providing customised solutions for your global needs. Мы перезвоним и подтвердим вашу запись. Though Latvia might not be the first country that would come to your mind when choosing a residence destination, we’ll tell you why it’s worth considering it. If you have already a schengen visa, you can visit the migration office in Latvia to collect your residence permit. Latvia is a beautiful country with its own unique identity, culture, traditions and customs. Latvia has the oldest and longest running a residence by investment schemes in Europe since 2010 for HNW families. We will contact you back to confirm your consultation. You may invest at least 250,000 euro in Latvian property and pay the government fee. Fastest Vanuatu passport in 1 month. Felicity Apartments is a six-floors building of beautiful modern flats in the historical centre of Riga, Latvia. Latvia provides the cheapest investment option to immigrate to Europe. Third-country nationals often obtain temporary residency permits by way of investment. By continuing to browse this website you are giving implied consent. Automatic Residence Permits for applicant’s spouse and minor children. We now offer Saint Lucia passport for all inclusive fee of US$ 119,500 for single applicants. Permanent residency in EU Schengen area for all family members including parents. Get second citizenship by investment for the whole family with access to beneficial taxation and visa-free travel. Additional 5% of the real estate purchase value must be paid as government fees upon approval and 2% stamp duty for registration of title. Fastest Vanuatu passport within 1 month. Malta offers Permanent Residency in Europe with 5 year schengen residency for just EUR 125,000 (all inclusive costs) through the Residency bond financing scheme. Please do not hesitate to contact us using his form for a free consultation. Or fill out one of the forms below and one of our team members will The most popular way to obtain an investment-based residence permit is by purchasing property. Family members are included, meaning, spouse and children under the age of 18. © All right reserved - Latvia Immigration. Second residency in Latvia by purchasing real estate. The Latvian real estate market is full of properties for any taste and budget. See the official Latvian government website. We use cookies on this site to ensure the most desirable user experience. Our immigration lawyers offer a long-term support to foreign investors from initial visa application till getting British passport. Cheapest European golden visa scheme. Permanent residence permits; Cheapest European real estate investment program; Latvian Citizenship after 10 years of living (must have PR status) No residence requirements. EUR 90,000 in a new Latvian business. Methods of Investment for Permanent residence permit: - Real estate investment for 250,000 Euros plus a one-time payment of 5% of the purchase price to the state budget - Investment of 280,000 Euros in the subordinated capital of a Latvian Bank for 5 years - Investment of 50,000 Euros in the equity capital of a Latvian company Law firm in Latvia offering consulting services in immigration, real estate, tax planning for High net worth (HNW) investors interested in Latvia. Please fill the form below to make an appointment. Latvia provides the cheapest investment option to immigrate to Europe. You should keep your property as long as you want to keep the residence permit. A minimum of EUR 50.000 and a state fee of EUR 10.000 + associated expenses will get you and your family to Europe with the potential for permanent residency after 5 years. In addition to requirements given above, applicants must comply with and have the following: If you decided to start your life in Europe and would like to apply for Latvia permanent residence, you must live in Latvia for at least 4 out of the last 5 years after obtaining a Latvia residence permit. Информацию об обработке ваших персональных данных вы можете найти в нашей Политике конфиденциальности. According to PMLP, in 2016, there were 38,193 people staying in Latvia on a short-term residency permit and a further 52,186 staying on a permanent residency permit. If you wish to sell your flat later, rising housing prices will make sure you capitalise on your investment. Latvia residence by investment is ideal solution for those who wish to relocate or travel in Europe visa-free. Latvian residence permit (Uzturešanas atlauja”) allows … By investing €250,000 into real estate you will get a luxury property with high-end finishes and you’ll be eligible to apply for Latvia Temporary Residence. Due to the revolutionary amendments to immigration law, Latvia offers the opportunity to become resident in a Schengen Area member country with minimal bureaucratic requirements. Apart from that, you must also pass the Latvian language test, have knowledge of general history of the country and know the National anthem. Direct Investment into a Latvian company. Everything you need to know about citizenship and residence programs around the globe. Additional costs apply for Family and children. The Latvia Immigrant Investor Program offers 4 investment options including a real estate investment option. We offer personalised and confidential solutions for obtaining second citizenship by investment in the country of your choice. Under the direct investment option, minimum investment required is € 50,000 with € 10,000 state fee and associated expenses. There are investment opportunities for all budgets available with the benefit of getting residency in Europe. Latvia residence can be obtained by Business Incorporation under Latvia Business Immigration Program where the Investor will be appointed as a Board Member of the Company. All inclusive price of USD 135,500 for one applicant. One of our qualified advisors will call you back today or next business day. Latvia has the oldest and longest running a residence by investment schemes in Europe since 2010 for HNW families. For many years Imperial & Legal is the go-to experts for all the things you need when moving to another country. Additional costs apply for family members. This website uses cookies to improve your experience. The application process for residence takes 30–90 days. We will help you find your ideal home through our trusted real estate agents in Latvia, close a deal and settle there with comfort, confidence and security. Over 15,000 Golden Visas has been granted since the program’s inception. Residence permit is valid for 5 years with annual renewal requirement. In Bulgaria and in Cyprus the minimum threshold is EUR 300,000. EUR 250,000 investment in Government bonds. You must first obtain permanent residence by depositing €300,000 in a Latvia bank. Temporary residence permit for 5 years. No residence or living requirements. Investors can gain a five year residency permit by investing €250,000 in property. You’ll be pleasantly surprised by the quality of property you can buy in Latvia for €250,000. One of our qualified advisors will get back to you today or next business day. Malta – The Cheapest European Golden Visa Program, Latvia has 19th strongest passport in the World, Over 4300 Golden visas issued to foreign investors in Latvia, Quick introduction to Latvia investors residence scheme, Latvia citizenship through naturalization, Latvia celebrates the 100th Birthday of the State. We are to only offer other programs instead of Latvia. We offer residence program in Germany for 50K business investment plus 30K legal fee. EUR 50,000 investment required to receive temporary residence permit (5 years) in Latvia. A residence permit is necessary if you are willing to reside in the Republic of Latvia for a period of time exceeding 90 days within half a year counting from the first day of entrance The associated expenses can be paid in stages over the course of five years. This magnificent Art Deco villa was designed keeping the functionalism style of Mezaparks architecture in mind. 5-star living in the Caribbean paradise. Malta has the cheapest golden visa in Europe. Demonstrate knowledge of the basic principles of the Constitution of the Republic of Latvia, the National Anthem and the basics of the history and culture. Latvia Residency: Property Investment. Move to Latvia by retirement and obtain residency. Latvia Residency By Investment Program. Minimum investment €2,150,000. A residence permit is a document providing a foreigner the rights to reside in the Republic of Latvia for a definite period of time (a temporary residence permit) or permanently (a permanent residence permit). Наш специалист свяжется с вами сегодня или на следующий рабочий день. There are several ways to obtain a residence permit in Latvia for foreign persons.Currently the Latvian residence permit by Investment ( Buying a real estate – Long term deposit in bank ) is the best solution to obtain a residence permit in Europe, for those which can afford it. 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