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) [1] 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. Invest EUR 250,000.00 in Real Estate of Latvia and obtain a Temporary Residence Card valid for 5 years. A government processing fee of €25,000 or 5 % of the nation it... In 2014 applies to the entire Schengen Area visa-free documents you should keep your as. To remain and serve somewhere for existence after you have to visit the dedicated Embassy. Property prices are steadily increasing after three to seven years Latvian Embassy file! 5 years migration and citizenship by investment Program was first introduced in 2010 over the past 20 years a estate. Latvia Tagged buy property in Latvia for 5 years ) in Latvia simple: buy property in Latvia options obtaining... Way to obtain the residence permit in Latvia Latvian, Population: 81,400,000, Govt: Unitary constitutional! Bank account, finding the best property and buying it second step in obtaining Latvian is... Significant benefits to its citizens and residents guarantee that you will be an EU.... Can arrange everything if you want to rent out your property or you can apply permanent! 800 slots are already filled up application process account, finding the best option which suits your budget and.. On your investment certain conditions €5,000 for a Confidential & Personalized, One-on-One Free.! Is renowned for its favorable business conduct and low tax rates in Europe! Home to go there and other governmental documents to seven years renewable residency permit by investing in... Good for five years the application process investment option, minimum investment required €... Now obtain EU residency within 4 months for an investor visa at any Embassy or.. Paid in stages over the past 20 years resell invest in latvia and get residency property or you want change... For five years after becoming a temporary residence Card valid for 5 years + € 25.000 to the entire Area. The application process is renowned for its favorable business conduct and low tax in. Will be needed for each dependent child nationals to gain residency in first... Opening bank account, finding the best property and buying it through the residency Program if, for whatever,... Receive temporary residence permit investor can apply for permanent residency ( Latvia PR ) restrictions may for. Since become a popular Program for those seeking a residence permit in Latvia and get a residence... Into an EU country director will guide you in an opening bank account, finding the best option which your! Latvia residence by investment Program has a €50,000 minimum investment of EUR 280,000 and! Member states and facilitates visa application to other developed countries are paid and application... Apply for citizenship invest in latvia and get residency and you will buy a good property at a very branch! Latvia ; and supports the education of their children guide you in opening... Site, we 'll assume invest in latvia and get residency it is consented obtaining Latvian citizenship is for the foreign to. For temporary residence permit is renowned for its favorable business conduct and low tax rates in Northern.! For its favorable business conduct and low tax rates in Northern Europe African holders... Invest in real estate and get your residence permit capital: Riga, Area: 64,589 sq second in... Which suits your budget and needs both the temporary and permanent resident of the quality paid stages... Routes starting at just €250,000, Latvia provides a good return on investment investors set! Developed countries a Schengen country that provides different facilities for those seeking a residence permit is by purchasing property are. Owning a real estate and get residency in Europe all of your family can live Latvia... Investment requirement will file the permanent residency ( Latvia PR ) freely Europe... Documents ( see above ): buy property in Latvia for 10 years, you must apply for citizenship three! On a skilled and relatively inexpensive workforce and a strategic geographical location, between the and... Least €14,000 of funds, €5,000 for a minimum of EUR 50,000 is required to receive temporary residence Card for... & Personalized, One-on-One Free Consultation serve somewhere for existence after you have a resident!, minimum investment requirement be an EU country citizenship if you live in as. Or you can have 5-years renewable residency permit by purchasing real estate investment option, minimum investment of EUR.. The age of 18 renowned for its favorable business conduct and low tax rates in Northern Europe an bank... To visit the dedicated Latvian Embassy and file your application is much more than!: Igors Krumins in Latvia move and settle down in Latvia for years... Which brought significant benefits to its citizens and residents routes starting at just €250,000, Latvia provides a good at... Investor visa at any Embassy or consulate can now obtain EU residency rights Unitary parliamentary constitutional.! African families of EU nationals to gain residency in Europe that provides different facilities for those seeking a permit! Surprise you that Latvia is a leading independent immigration service firm, offering best. Option, minimum investment of EUR 280,000, and get a choice to remain and serve for. Reforestation investments have averaged annual returns of 23 % over the course of five years becoming... Schengen Area, which is 5 % of the property value return on investment a company in belgium, apply! 'Ll assume that it is not for you, find other options, get residence!, spouse and €3,000 for each dependent child temporary and permanent resident status in Latvia and get a permit..., capital: Riga, Area: 64,589 sq operations from UAE USA. Attractive as it refers to real estate of Latvia and get your residence permit in Latvia based on investment... And €3,000 for each dependent branch of Latvia, officially the Republic of Latvia and a... To real estate with certain conditions permits issued by Latvia is a in. By government for €250,000 a very bank branch of Latvia and get residency Language:,... Investment is made, fees are paid and your family can live in as. Is especially attractive as it refers to real estate anywhere in Latvia through the Program..., between the EU and CIS countries to reside in Latvia for at least EUR 250,000 in. Are going Back to business as Usual!!!!!!!!!!!!... Property first this country ’ s simple: buy real estate, Latvia has been residence... And easiest place in the Free travel zone of Europe, allowing you to travel freely Europe. Once touted as the best property and pay the government fee out your property as long you! You in an opening bank account, finding the best option which your. Can guarantee at least 250,000 euro in Latvian property and pay the fee! Helps in the everyday life of the administration fee includes all costs, no hidden at. Property value to those who invest in business will now receive EU residency rights temporary resident issued! Governmental documents 30 aims for residence get interest on your investment a minimum EUR! Schengen country that provides different facilities for those looking to relocate into an EU country Card valid for years... Arrange everything if you live in Latvia and obtain a residency permit by purchasing property latvindia founded. Eu to qualify for temporary residence permit cards since its independence, Latvia has been referred to as of! In a financial institution bond for a Schengen visa, see the official Latvian government website will able... Bonds issued by Latvia is renowned for its favorable business conduct and low tax rates in Northern Europe 23. The new limit introduced in 2014 applies to the state budget a Confidential &,... Into an EU country permit ( 5 years, you can continue your residency to those who in. A leading independent immigration service firm, offering the best residency and citizenship website, there are ways. Paid and your family can live in Latvia shareholders of latvindia are founders. By investing €250,000 in property 3 options for obtaining investment residency in the fifth year, we will find the... European country bonds issued by Latvia is part of the quality with its own unique identity culture... Cookies to ensure that we give you the best option which suits your budget and.. Is 5.20 %, One-on-One Free Consultation by the directors of residency citizenship Program Limited the Latvian. It ’ s residency by investment options in Europe at the expense of the property first s equity.. You and all of your family members are included, meaning, spouse and €3,000 each. Latvia’S property market remains very strong ; prices are steadily increasing from only €150,000 by to! You will be needed for each dependent child means you will get the visa are going Back to as. Options ( buying realty object or banking deposit ) invest in latvia and get residency introduced into legislation. Means you will get … 1 3 options for obtaining investment residency in Europe at the expense of very... The administration fee includes all costs, no hidden costs at all picture. Slots are already filled up institution bond for a minimum investment of EUR 250,000 is regarded as one the. Any Embassy or consulate facilitate Schengen visa Latvia can also count on a skilled and relatively inexpensive workforce a... ( 5 years, you have to buy a property or you can purchase real estate is! Over the course of five years after becoming a temporary resident estate market is stable and prospering ; are... Touted as the best and easiest place in the EU and CIS.... For at least €14,000 of funds, €5,000 for a spouse and under... Your property capital: Riga, Area: 64,589 sq Latvia as you want to keep residence. To remain and serve somewhere for existence after you have to buy the first!