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. Available funds to maintain yourself and your family. Minimum investment €2,150,000. Benefits of Latvia Golden visa You and your family do not have to live in Europe prior to applying for Latvia residence permit. If you wish to sell your flat later, rising housing prices will make sure you capitalise on your investment. It’s simple: buy real estate anywhere in Latvia and get a temporary residence permit good for five years. One of our qualified advisors will call you back today or next business day. Move to Latvia by retirement and obtain residency. Our legal advisers are committed to providing customised solutions for your global needs. Health insurance for 1 year after the permit is granted. 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. Additional 5% of the real estate purchase value must be paid as government fees upon approval and 2% stamp duty for registration of title. Permanent residency in EU Schengen area for all family members including parents. Temporary residence permit is normally granted for one or two years, subject to renewal either annually or every two years. Latvia Residency: Property Investment. 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. If your budget is limited, simply invest in a trusted Latvian company, pay the fees, and get a European residence permit within three months. If you want to move to Latvia under the Residency by Investment Scheme, the investment conditions start at 500,000 euros. S tarting from July 2010, the Republic of Latvia offers foreign investors and business persons the golden opportunity of becoming a temporary resident (holder of Temporary Residence Permit – TRP) with a path to citizenship and access to the Schengen Area and the European Union countries with minimal bureaucratic requirements by making specified capital investment in Latvia. 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. Visa-free travel to other EU countries. We provide immigration, taxation and relocation advice, and much more. Мы перезвоним и подтвердим вашу запись. From May 2010 two new options (buying realty object or banking deposit) were introduced into Latvian legislation. It used to be that you could purchase 100,000 Latvian lats (about $200,000) worth of property in Riga or any of the other main cities here and get a second residency. The Latvia Immigrant Investor Program offers 4 investment options including a real estate investment option. The Caribbean country of St Lucia offers the best and low cost citizenship by investment programs in the world. Latvia introduced its golden visa programmein 2010. Established in 2010, the Latvian residency by investment program has been massively popular among foreign investors and entrepreneurs seeking to establish a footprint in Schengen Europe. It’s also a cheap program if you want to invest in real estate, as you get the most bang (square footage) for your buck in Latvia (out of all Golden Visa countries considered). Latvia is a beautiful country with its own unique identity, culture, traditions and customs. The program was launched on 1 July 2010 by the Latvian government as an initiative to sustainably overcome the economic crisis of 2007–2009. Latvia Residency By Investment Program. In addition there is a government processing fee of €25,000 or 5% of the property value. The living room windows face the sun-filled terrace, while the space facing the courtyard adjoins the sauna building and outdoor pool. The new limit introduced in 2014 applies to the first 800 applicants. We now offer Saint Lucia passport for all inclusive fee of US$ 119,500 for single applicants. How to get a Latvia residency by investing in property? We are to only offer other programs instead of Latvia. Latvia residence by investment program was launched in 2010 in order to attract foreign investors. Since 2010, Latvia has been issuing residence permits to foreign nationals in exchange for investment in the country's economy. Latvia immigrant investor program (Latvia golden visa) Residency by investment scheme in Europe. Under the direct investment option, minimum investment required is € 50,000 with € 10,000 state fee and associated expenses. Latvia PR by Business Investment Latvia offers residence permits to those who invest in the country. Dependants can include a spouse, minor children, financially dependent children and parents. 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 will have visa-free access to all 26 countries of the Schengen zone, access to state education and health care in Latvia, … Cadastral value of the property must be at least €80,000. 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, a small Baltic country with a full EU and Schengen zone membership, offers an uncomplicated investment residency program for yourself and your family. 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. Permanent residence permit for 5 years. Permanent residence permits; Cheapest European real estate investment program; Latvian Citizenship after 10 years of living (must have PR status) No residence requirements. Over 15,000 Golden Visas has been granted since the program’s inception. After a further 5 years of holding permanent residence, they become eligible for Latvian citizenship. 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. EUR 250,000 investment through purchase of Residency bonds issued by Government. This magnificent Art Deco villa was designed keeping the functionalism style of Mezaparks architecture in mind. 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 Latvian real estate market is stable and prospering; prices are steadily increasing. & legal is the go-to experts for all family members today or next business day culture. Buying realty object or banking deposit ) were introduced into Latvian legislation an appointment by government 'll assume you ok. This website you are not permitted to buy agricultural land, woods forests... 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