If anything happens in your home country or you want to change your life, you have a safe second home to go there. After that the investment limit rises to €500,000. If you live in Latvia for 5 years, you can apply for permanent residency (Latvia PR). Once the investment is made, fees are paid and your application is approved, you will get the visa. The most popular way to obtain an investment-based residence permit is by purchasing property. There are three main investment options: Invest at least €50,000 in a small company of fewer than 50 employees and with a company turnover of less than €10 million. (restrictions may apply)  Latvia: An investor in Real Estate may quickly receive a 5 year temporary residence permit. It will become EURO 500,000 in case the 800 slots are already filled up. limited liability or joint stock company), establishing a new capital company or investing in subordinate obligations with a Latvian credit institution (i.e. by: Igors Krumins In Latvia Tagged buy property in latvia and get residency Leave a comment. If Latvia is not for you, find other options, Get a Free evaluation for Latvia residence permit. Finally, you can invest in a financial institution bond for a minimum of EUR 280,000, and get interest on your investment. The administration fee includes all costs, no hidden costs at all. km, Language: Latvian, Population: 81,400,000, Govt: Unitary parliamentary constitutional republic. Investors can gain a five year residency permit by investing €250,000 in property. With Latvia’s Residency permit card, the business investor gets to travel in the Schengen zone without needing a Visa. Latvia is also a Schengen member country which joined the European Union in 2004. Business companies – 50000 EUR + 10000 EUR State budget payment, Real Estate – 250000 EUR + 5% State budget payment of the real estate total value, Bank deposit – 280000 EUR + 20000 EUR State budget payment, Government obligations – 250000 EUR + 38000 State budget payment. Mahandru Associates expanded its operations from UAE to USA. It has since become a popular program for those looking to relocate into an EU country. It may surprise you that Latvia is regarded as one of the most beautiful countries in the world. If you buy a property for €250,000, the government fee is €12,500. Travel to Latvia to buy a property Your spouse and children up to the age of 18 years old can also become eligible for residency under the program, as long as they are unmarried and that you can provide proof that they are living with you. You can rent out your real estate. There are 3 options for obtaining investment residency in Latvia. Engage us In 2007 Latvia joined the Schengen Area, which brought significant benefits to its citizens and residents. In return, you receive a residence permit in Latvia. The bad news? It is bordered by Estonia in the northern region, Lithuania in the southern, to the east is Russia, and Belarus to the southeast, as well as sharing a maritime border with Sweden to the west. Latvian (EU) Residency Program. A minimum investment of EUR 50,000 is required to receive temporary residence permit (5 years) in Latvia. You and all of your family members, included in your application, should travel to Latvia to obtain the residence permit cards. Panama reforestation investments have averaged annual returns of 23% over the past 20 years. Foreigners can get permanent resident status in Latvia by purchasing Residency bonds issued by Government for €250,000. Travel all over Schengen. Latvia can also count on a skilled and relatively inexpensive workforce and a strategic geographical location, between the EU and CIS countries. One of the aims is owning a real estate in Latvia. Since its independence, Latvia has been referred to as one of the Baltic states. Latvia was once touted as the best and easiest place in the EU to qualify for residency. 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. This means you will be able to travel anywhere in the free travel zone of Europe. If, for whatever reason, you … You will need to invest at least EURO 250,000 in a property and be one of the first 800 applicants. An additional $2,000 will be needed for each dependent. Residence-by-investment in Malaysia grants successful applicants and their dependents a 10-year multiple-entry visa. 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