latvia residence permit by investment

There are three options for obtaining investment residency in Latvia. LATVIA RESIDENCE PERMIT. You should keep your property as long as you want a residence permit. You can also for long term resident of European Union status after 5 years of living in Latvia. See the official Latvian government website. After your permit has been granted, you pay the government fee, the balance of the administration fee and receive your residence cards. You may deposit 280,000 euro as a subordinate liability in a Latvian bank, and pay the government fee. Latvia offers residence permits to those who invest in the country. Residence permit for the family 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. If your budget is low or if you want to move to Latvia. Step 7 – Obtain the residence permit. Latvia has excellent English schools as well. As we have received many requests to help immigration to Latvia, we created a project to facilitate the settlement of investors in Latvia. 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. Yes. Latvia offers residency by investment scheme through share capital investment. Click the Play button and play in full screen. Latvia is situated within Europe’s Schengen Area, on the Baltic coast. What is the minimum investment (in euro)? Upon approval at the Office of Citizenship and Migration Affairs of the Republic of Latvia, the investor should visit Latvia in person within three months to collect their temporary residence permit in the form of an ID card. Invest 50,000 euro in a Latvian company A foreigner that has been issued a residence permit due to him/her making financial investment in a credit institution of the Republic of Latvia in the amount of no less than 280,000 euros shall additionally file a certification from the credit institution that the deposit agreement has not been terminated before the expiry of the deposit repayment term. Have one of our qualified advisors contact you today. In addition there is a government processing fee of €25,000 or 5% of the property value. 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. Support for education of your children in Latvia. Will I be the owner of the company I invest? File your application at a Latvian Embassy Latvian immigration law provides for the issuance of temporary residence permits to immigrant investors who commit to investing in: European Residency including work permit, commercial activities, and free travel in the Schengen Zone in just 2 to 4 months depending on Nationality. Safe investment with profit We give you a step-by-step description of the process and how to pay less money. We offer you 3 investment options with different benefits: Will I get back my investment after 5 years? You can invest in our dedicated investment company called LatviaPlus. The investment of EUR 280,000 in the subordinated capital of a Latvian bank … Foreign nationals may apply for a residence permit in Latvia through various options. EU Long Term Residency You invest your money in the equity capital of a trusted company (we suggest Latvindia) for 5 years. 2. Investors can gain a five year residency permit by investing €250,000 in property. Latvia offers excellent transport and cultural links with both Western Europe and Russia. 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 have book an appointment (we assist you) and visit the dedicated Latvian Embassy and file your application. You and your family can move and settle in Latvia, in a European country. The video is an edited version of a previous webinar. 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. 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. Approximately half of Latvia’s territory is covered by forests, offering many nature trails and parks. Latvian residents are liable for personal income tax (PIT) on their worldwide income. This European Golden visa program offers EU residency and citizenship in exchange for investment in real estate. Some Russian websites continue to advertise the Latvian program. In return, you receive a residence permit for 5 years. 3. Applicants may choose from one of the following options: The purchase of real estate of EUR 250,000, plus a one-time payment of 5% of the purchase price to the state budget. As a Latvian resident, your children will have free access to the Latvian education system from nursery to the university. You may invest in a Latvian property at least 250,000 euro and pay the government fee. The second option is an interest-free government bond, also with a minimum requirement of EUR 250,000. 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. 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. PROFIT — Guaranteed refund of the invested 50,000 euro with a minimum yearly profit of 1,5%. 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. 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. Engage us 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. Your investment is guaranteed for this period. 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 … How safe is the investment in LatviaPlus, and what profit will I get? Examples of such programs are United Kingdom residence by investment program, Latvia residence by investment program and Belgium residence by investment program. Latvia launched a residence permit programme for investment in 2010. There are several qualifying options to obtain a residence permit through the Latvia Residence-by-Investment Program. Additional fees. 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. EUR 10,000 Government State fee The Latvia RBI program provides a 5-year resident permit to approved applicants, after which they can apply for permanent residence. Travel to Latvia and get your residence card Its main activity is to treasure the funds of the investors. LatviaPlus has no chance for bankruptcy. 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 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. Neither would you be asked to attend an interview or prove your knowledge of the Latvian language. Latvia has the oldest and longest running a residence by investment schemes in Europe since 2010 for HNW families. Latvia provides the cheapest investment option to immigrate to Europe. Applicants may choose from one of the following options: The processing of documents takes approximately 30–90 days. Latvia Golden visa offers the cheapest real-estate investment … First of all, LatviaPlus is not the usual business venture. Vija Gailite, Latio’s head of sales, said t… A residence permit is issued by the Office of Citizenship and Migration Affairs in Latvia (OCMA). After five years of receiving the residence permit, the applicant may apply for a permanent residence permit. Your investment will be refunded after 5 years with interest. Latvia Residency: Bank Deposit Investment. For additional information please refer to the homepage of OCMA. First, you can buy real estate in Latvia for at least EUR 250,000. The company issues the invitation letter, which is required at the application. You may learn the benefits of a European residency including free movement in Europe, access to health-care and education. The cheapest investment for getting a European PR. There are several qualifying options to obtain a residence permit through the Latvia Residence-by-Investment Program. FREE RENEWAL — Guaranteed refund of the invested 50,000 euro, with free yearly registration and a free renewal after 5 years. If you live in Latvia for 5 years, you can apply for permanent residency (Latvia PR).

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