We offer you 3 investment options with different benefits: Or you can renew your temporary residence permit. If you wish to apply for a residence permit in the Republic of Latvia, you can purchase a piece of functional real estate in Riga or Jurmala, or in Adazi, Babite, Baldone, Carnikava, Garkalne, Ikskile, Kekava, Marupe, Olaine, Ropazi, Salaspils or Stopini municipalities. European Residency including work permit, commercial activities, and free travel in the Schengen Zone in just 2 to 4 months depending on Nationality. In return, you receive a residence permit in Latvia. Latvia residence permit through investment in credit institutions of Latvia List of requirements: Minimum investment amount - EUR 286,000 Minimum term - 5 years without the right to withdraw funds until the end of term One time non-refundable duty of EUR 25,000 must be paid to the Migration Department of Latvia upon a favourable decision. As we have received many requests to help immigration to Latvia, we created a project to facilitate the settlement of investors in Latvia. Yes. After five years of receiving the residence permit, the applicant may apply for a permanent residence permit. The company issues the invitation letter, which is required at the application. A residence permit is issued by the Office of Citizenship and Migration Affairs in Latvia (OCMA). If your budget is limited, simply invest in a trusted Latvian company, pay the fees, and get a European residence permit within three months. You can invest in our dedicated investment company called LatviaPlus. Most common investment options under almost any residence by investment program is Investor visa or Entrepreneur visa; they target wealthy and high net worth individuals. 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 … You have book an appointment (we assist you) and visit the dedicated Latvian Embassy and file your application. Dividends received by individuals are taxed at 10 %. There is no minimum number of days of physical presence in Latvia required in order to renew the residence permit. However, your startup company should pay at least 40,000 euro tax every year. As a result, you may move to another EU country, you can live, study and work in that country, like Germany or Netherlands. Latvindia helps you to find a job, rent a flat, and find a school for your children. 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. Financial Requirements. 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. We suggest to invest in LatviaPlus and try to run your own business separately. There are several qualifying options to obtain a residence permit through the Latvia Residence-by-Investment Program. What is the minimum investment (in euro)? 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. The application procedure for a temporary Residence Permit in Latvia (Latvia Immigrant Investor Program) should be filed to the appropriate regional office of the Office of Citizenship and Migration. The video is an edited version of a previous webinar. The Latvia Residence-by-Investment Program was launched on 1 July 2010 as an initiative to sustainably overcome the economic crisis of 2007– 2009. The Latvia Residency Program is one of the most affordable and quickest residency options in Europe. Latvia launched a residence permit programme for investment in 2010. If the employer intends to hire a foreign citizen, he is obliged to register a vacancy at the State Employment Agency at least one month before applying to the SEA for approval of a visa invitation or sponsorship for a residence permit. The program was launched in July 2010 by the Latvian government. 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 Travel to Latvia and get your residence card The individual will receive a 5-year resident permit; The residence permit must be renewed yearly at the Immigration Department in Latvia; C. Credit Institution Investment. Latvia offers excellent transport and cultural links with both Western Europe and Russia. First, you can buy real estate in Latvia for at least EUR 250,000. We prepare the application form and other governmental documents. Visa-free access to Europe’s Schengen Area, No minimum stay required to be eligible for the residence permit renewal, Excellent transport links with Russia and other EU member states, The purchase of real estate of EUR 250,000, plus a one-time payment of 5% of the purchase price to the state budget, The investment of EUR 280,000 in the subordinated capital of a Latvian bank for a period of five years, plus a one-time payment of EUR 25,000 to the state budget, The investment of EUR 50,000 in the equity capital of a Latvian company (provided that the company annually pays at least EUR 40,000 in taxes), plus a one-time payment of EUR 10,000 to the state budget, The purchase of special-purpose interest-free bonds at a nominal value of EUR 250,000, plus a one-time payment of EUR 38,000 to the state budget. You can send an invitation letter to facilitate Schengen visa. Latvia Golden visa offers the cheapest real-estate investment … It contains our professional fee and all costs emerging in Latvia. You and your family can move and settle in Latvia, in a European country. Investors can gain a five year residency permit by investing €250,000 in property. This indicates a decline in investor interest in the program. Latvindia offers: Vija Gailite, Latio’s head of sales, said t… The residence permit is valid for five years with the requirement of annual renewal of the ID card. After your permit has been granted, you pay the government fee, the balance of the administration fee and receive your residence cards. The investment of EUR 280,000 in the subordinated capital of a Latvian bank … PROFIT — Guaranteed refund of the invested 50,000 euro with a minimum yearly profit of 1,5%. The new limit introduced in 2014 applies to the first 800 applicants. Your investment will be refunded after 5 years with interest. As per Latvia’s Immigration Law, foreign nationals can apply for a Latvian residence permit by investing a certain amount in different types of assets: A residence permit can be obtained by purchasing two properties in Latvia for at least €250,000 in total. You can also for long term resident of European Union status after 5 years of living in Latvia. The program was launched on 1 July 2010 by the Latvian government as an initiative to sustainably overcome the economic crisis of 2007–2009. Upon processing, the Office shall issue a Letter of Invitation after which the investor is required to finalize the mandatory investment. A decision on granting a temporary residence permit is adopted within 30 days after receipt of all documents, whereas the residence permit is prepared within 10 business days. The second option is an interest-free government bond, also with a minimum requirement of EUR 250,000. Total Non-Refundable shared Capital Investment is around EUR 85000 to qualify for Temporary Residence Permit. NEW LIFE — If you settle and live in Latvia, Latvindia can provide you with a loan of maximum 40,000 euro. Collect the documents You should collect and legalise all the required documents (see above). As Latvia is part of the Schengen zone of Europe, your residence card allows you to travel freely throughout Europe without the need for a Schengen visa. Pay an all-inclusive administration fee depending on your family size. You may deposit 280,000 euro as a subordinate liability in a Latvian bank, and pay the government fee. If you have funds to invest, but prefer more security than can be offered by a business investment, then a residence permit based on financial investment in a Latvian Bank might be the option for you. File your application at a Latvian Embassy Step 7 – Obtain the residence permit. Support for education of your children in Latvia. One–three months from submission of the application to approval, The right to live, work, and study in Latvia. If your budget is limited, simply invest in a trusted Latvian company, pay the fees, and get a European residence permit within three months. Thus, the period from 2017 to mid 2020 was €100 million. Latvia Business Immigration Program . Latvian residents are liable for personal income tax (PIT) on their worldwide income. It wasn’t that there weren’t enough properties to go around; Riga’s steeple-studded skyline is once again dotted with cranes. Safe investment with profit Foreign nationals may apply for a residence permit in Latvia through various options. The Latvia temporary residence permit is extendable after 5 years . Latvia introduced its golden visa programmein 2010. You and your family do not have to live in Europe prior to applying for Latvia residence permit. EU Long Term Residency Requirements. EUR 10,000 Government State fee Investment visa . Have one of our qualified advisors contact you today. The cheapest investment for getting a European PR. You can invest in Latvindia project, which guarantees your investment. According to the qualification requirements, foreign nationals may apply for a residence permit in Latvia through the purchase of real estate, or by making a subordinated loan (deposit) in one of the Latvian banks, or through the purchase of interest-free government bonds determined for special purpose. See the official Latvian government website. This European Golden visa program offers EU residency and citizenship in exchange for investment in real estate. Invest 50,000 euro in a Latvian company Pay a government fee of €10,000 AFTER the approval of your application. 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. In return, you receive a residence permit for 5 years. Latvia has excellent English schools as well. You miss the cheapest European residence permit, You should invest €50,000 in a Latvian company; we suggest. Additional fees. You invest your money in the equity capital of a trusted company (we suggest Latvindia) for 5 years. Some Russian websites continue to advertise the Latvian program. It is possible to receive residence permit for up to 5 years in Latvia and for up to 1 year in Lithuania, that can be renewed at the end of this term. FREE RENEWAL — Guaranteed refund of the invested 50,000 euro, with free yearly registration and a free renewal after 5 years. If you have funds to invest in a new or existing business in Latvia then a residence permit based on business investment might be an option for you. Will I be the owner of the company I invest? At the time of writing the homepage of Latio, one of the leading Latvian realtors, boasts around 1,300 advertisements which would allow buyers to qualify for a Golden Visa. Baltic Legal offers useful advice and high quality legal support for obtaining temporal residence permit in Latvia and Lithuania through investments. Share capital investor residence permit If you wish to obtain a residence permit in the Republic of Latvia, you may invest in the share capital of a company for the purpose of increasing thereof, or investing in, the share capital of a company upon founding of a new business company. You may invest in a Latvian property at least 250,000 euro and pay the government fee. It has to be taken into consideration, that the decision on granting of residence permit is valid for 3 months – if you do not receive the permit within this period, the documents will have to be submitted repeatedly. Latvia provides the cheapest investment option to immigrate to Europe. Benefits of Latvia Golden visa. Citizenship First of all, LatviaPlus is not the usual business venture. Examples of such programs are United Kingdom residence by investment program, Latvia residence by investment program and Belgium residence by investment program. Riga, its capital, was founded in 1201 and is a UNESCO World Heritage Site. Yes, you get back your 50,000 euro investment after 5 years, or you can keep your investment for another 5 years. 3. You invest in the equity capital of the company; thus, you will be a shareholder of the company. The Latvia Immigrant Investor Program offers 4 investment options including a real estate investment option. You and all of your family members, included in your application, should travel to Latvia to obtain the residence permit cards. EUR 50,000 non refundable Company Share Investment. Latvia Investor Residence Government Policy Every person that would like to stay in the Republic of Latvia for more than 90 days within a period of six months is required to obtain a temporary residence permit. After a further 5 years of holding permanent residence, they become eligible for Latvian citizenship. Latvindia’s mission is to connect you to Europe and Latvia. Should you have any questions, or if you would like a detailed breakdown of the exact costs for your family, kindly contact us and we will be delighted to help you. 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. The associated expenses can be paid in stages over the course of five years. Latvia is situated within Europe’s Schengen Area, on the Baltic coast. You may learn the benefits of a European residency including free movement in Europe, access to health-care and education. After arrival to the Republic of Latvia make an appointment and visit the OCMA in order to obtain the residence permit or to a regional division and receive a residence permit. There are three options for obtaining investment residency in Latvia. We give you a step-by-step description of the process and how to pay less money. Immigration - Latvia, Lithuania, Estonia. 1. Its main activity is to treasure the funds of the investors. Will I get back my investment after 5 years? You should keep your property as long as you want a residence permit. The applicant must also have a proven knowledge of the general history of Latvia and the national anthem. You will get an easy to understand overview and all details of getting a Latvian residence permit by investing 50,000 euro in a Latvian company. If you live in Latvia for 10 years, you can apply for citizenship, and you will be an EU citizen. Latvian immigration law provides for the issuance of temporary residence permits to immigrant investors who commit to investing in: Support for moving and living in Latvia Contact us for the details. After that the investment limit rises to €500,000. 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