latvia residence permit by investment

In September 2014, Immigration Law amendments increased the threshold for obtaining a residence permit and introduced other conditions and costs, if a foreigner’s real estate was registered in the Land Register after September 1, 2014: Minimum transaction value of real estate located anywhere in Latvia must be €250,000. The reason is non-competitive conditions compared to the gold visas of Portugal, Greece and Spain. Latvia has excellent English schools as well. Residence permit in Latvia. Getting a Residence Permit in Latvia. The application process for residence takes 30–90 days. Neither would you be asked to attend an interview or prove your knowledge of the Latvian language. Residence permit for the family Latvia Residency: Bank Deposit Investment. As of 2 April 2012 the residence permit is issued in the format of the identification card, therefore biometrics details must be delivered prior to receipt of the residence permit (fingerprints (starting from the age of six) and digital picture of face). Felicity Apartments is a six-floors building of beautiful modern flats in the historical centre of Riga, Latvia. We will contact you back to confirm your consultation. Cadastral value of the property must be at least €80,000. You and your family can move and settle in Latvia, in a European country. Yes, you get back your 50,000 euro investment after 5 years, or you can keep your investment for another 5 years. Investors can gain a five year residency permit by investing €250,000 in property. FREE RENEWAL — Guaranteed refund of the invested 50,000 euro, with free yearly registration and a free renewal after 5 years. We offer you 3 investment options with different benefits: Latvian residency is especially attractive as it provides visa-free access to Schengen Area member states and facilitates visa application to other developed countries. EU Long Term Residency NEW LIFE — If you settle and live in Latvia, Latvindia can provide you with a loan of maximum 40,000 euro. A residence permit is issued by the Office of Citizenship and Migration Affairs in Latvia (OCMA). The Latvian business investment option is the only EU residence permit costing less than 100,000 USD. You will have visa-free access to all 26 countries of the Schengen zone, access to state education and health care in Latvia… 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. It will be ready for you and your whole family to move in and enjoy the high standards of design and finishes. 2. Latvia residence by investment program was launched in 2010 in order to attract foreign investors. Residence by investment – live, work and study in the country of your choice and get a second passport. Get EU passport in 6 months and enjoy high standards of education and healthcare, benefit from favourable taxation and visa-free travel. Latvia Golden visa offers the cheapest real-estate investment in Europe. Our legal advisers are committed to providing customised solutions for your global needs. Заполните форму ниже для записи на консультацию. Make sure you fulfil other requirements as well: We will help you obtain Latvia Golden visa, relocate to Latvia or simply get your ticket to Europe. 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. 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. One of our qualified advisors will get back to you today or next business day. One of our qualified advisors will call you back today or next business day. As we have received many requests to help immigration to Latvia, we created a project to facilitate the settlement of investors in Latvia. The amendments to the Immigration Law allowed third-country national investors to obtain temporary residence permits after purchasing real estate in Latvia, investing into the equity capital of a capital company (i.e. Since 2010, Latvia has been issuing residence permits to foreign nationals in exchange for investment in the country's economy. 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 in real estate. Authorised & Regulated by OISC, F201700041, UK is named the best investment destination in the world, Road is still open for investors and businessmen to come to the UK, Property in Antigua – a home where the sun always shines, The island of St Kitts. If you invest in LatviaPlus you may get profit. Support for moving and living in Latvia You and all of your family members, included in your application, should travel to Latvia to obtain the residence permit cards. 3. You will need to invest at least EURO 250,000 in a property and be one of the first 800 applicants. Or you can renew your temporary residence permit. How safe is the investment in LatviaPlus, and what profit will I get? However, your startup company should pay at least 40,000 euro tax every year. The video is an edited version of a previous webinar. In return, you receive a residence permit for 5 years. Other options are also available: real estate, government bonds, and bank deposit investments. Dividends received by individuals are taxed at 10 %. After a further 5 years of holding permanent residence, they become eligible for Latvian citizenship. After that the investment limit rises to €500,000. Some Russian websites continue to advertise the Latvian program. 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). Our immigration lawyers offer a long-term support to foreign investors from initial visa application till getting British passport. In addition there is a government processing fee of €25,000 or 5% of the property value. The new limit introduced in 2014 applies to the first 800 applicants. 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. Latvia provides the cheapest investment option to immigrate to Europe. Latvindia offers: Residence permit is valid for 5 years with annual renewal requirement. Please fill the form below to make an appointment. The residence permit is granted by the Office of Citizenship and Migration Affairs in Latvia (OCMA). You can send an invitation letter to facilitate Schengen visa. PROFIT — Guaranteed refund of the invested 50,000 euro with a minimum yearly profit of 1,5%. By continuing to browse this website you are giving implied consent. Pay a government fee of €10,000 AFTER the approval of your application. Latvia Permanent Residency for Investor. Its main activity is to treasure the funds of the investors. Under the Latvian investment residency program, investors can obtain a Temporary Residency Permit (TRP) for 5 years, with annual renewals applicable. European But Not EU Member States’ Residency by Investment Programs You invest in the equity capital of the company; thus, you will be a shareholder of the company. Visa for whole family. Invest at least €250,000 in one or two properties depending on the location. 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. Latvia offers residence permits to those who invest in the country. 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. The cheapest investment for getting a European PR. Minimum investment €2,150,000. It will become EURO 500,000 in case the 800 slots are already filled up. Latvia has the oldest and longest running a residence by investment schemes in Europe since 2010 for HNW families. Invest 50,000 euro in a Latvian company Yes. The most popular way to obtain an investment-based residence permit is by purchasing property. Living there is affordable; however, it is not at the expense of the quality. If your budget is limited, simply invest in a trusted Latvian company, pay the fees, and get a European residence permit within three months. After ten years of legal residence it is possible to apply for Latvian citizenship (EU citizenship). Top floor flats have access to large roof terrace, while ground floor residents have an advantage of their own private gardens. In addition to requirements given above, applicants must comply with and have the following: If you decided to start your life in Europe and would like to apply for Latvia permanent residence, you must live in Latvia for at least 4 out of the last 5 years after obtaining a Latvia residence permit. Detailed information on how we process your data can be found on our privacy policy. If you want to become a resident of Latvia, then you can invest €500,000 in property, pay roughly €25,000 in processing fees, and fill out a couple of forms to get your five-year residence permit. Investment. Will I be the owner of the company I invest? Visa free travel to EU countries. Or fill out one of the forms below We give you a step-by-step description of the process and how to pay less money. 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. As a “Plan B” destination, the Latvian program is attractive for a range of reasons: The application process is fast; residency rights can be obtained in 3 months from making an eligible investment. You can also for long term resident of European Union status after 5 years of living in Latvia. Baltic Legal offers useful advice and high quality legal support for obtaining temporal residence permit in Latvia and Lithuania through investments. Contact us for the details. The building includes 62 residential apartments and some commercial spaces on the ground floor. To be eligible the main applicant must be 18 and older. The company issues the invitation letter, which is required at the application. Your investment will be refunded after 5 … And don’t forget that you are not only buying a home for yourself and your family in a beautiful country; this investment will secure your future as it will help you get Latvia permanent residence and a European passport. On Tuesday, the Government is planning to review the report on temporary residence permits issued in exchange for investments in real estate, capital deposits at banks, equity capital of companies registered in Latvia or government securities. - Investment of at least €100,000 in a business company with the number of employees exceeding 50, and with annual turnover or annual balance exceeding €10 million. Available funds to maintain yourself and your family. Latvia PR by Business Investment. Latvia is a baltic schengen member country which joined the European Union in 2004. All dependent family members can apply for Latvia Residence Permit together with the main applicant. What is the minimum investment (in euro)? and one of our team members will First of all, LatviaPlus is not the usual business venture. Your investment is guaranteed for this period. Latvia, a small Baltic country with a full EU and Schengen zone membership, offers an uncomplicated investment residency program for yourself and your family. Residence permit in Latvia based on financial investment in a Latvian bank. You have book an appointment (we assist you) and visit the dedicated Latvian Embassy and file your application. 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. You can also get residency by investing a similar amount in a Latvian business or a local bank. In order to be eligible to apply for Latvian citizenship and get European passport you must live in Latvia for 10 years, 5 of which as a permanent resident, you will need prove it with your permanent place of residence and a confirmation of employment. This European Golden visa program offers EU residency and citizenship in exchange for investment in real estate. This is not an easy requirement for a new company. File your application at a Latvian Embassy Click the Play button and play in full screen. 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. Latvia permanent residence and citizenship. It wasn’t that there weren’t enough properties to go around; Riga’s steeple-studded skyline is once again dotted with cranes. business day. Clean criminal record and good character. Vija Gailite, Latio’s head of sales, said the average Russian buyer was “a middl… Free travel within the Schengen Area; Permanent residence for five years (Renewable after 5 years) Full family residency; Application time in 3 Months; Can apply for citizenship in Latvia after 10 years of residence. Immigration - Latvia, Lithuania, Estonia. If you wish to sell your flat later, rising housing prices will make sure you capitalise on your investment. It contains our professional fee and all costs emerging in Latvia. See the official Latvian government website. Latvia introduced its golden visa programmein 2010. As a Latvian resident, your children will have free access to the Latvian education system from nursery to the university. Introduction. Minimum investment $100,000. Residence permit of Latvia for investment in the first half of 2020 received only 5 main applicants The popularity of the program has been decreasing since 2016. Since 2010, foreign businessmen have been able to obtain a residence permit by investing in a Latvian company, purchasing real estate, or depositing funds into a bank account in amounts specified by statute. Latvian residents are liable for personal income tax (PIT) on their worldwide income. The Latvian real estate market is full of properties for any taste and budget. Book a consultation today. Наш специалист ответит вам сегодня или на следующий рабочий день. limited liability or joint stock company), establishing a new capital company or investing in subordinate obligations with a Latvian credit institution (i.e. As a result, you may move to another EU country, you can live, study and work in that country, like Germany or Netherlands. Upon investing in the equity capital of one capital company, a temporary residence permit shall be issued to no more than 10 foreigners, if each of them has made the aforementioned investment. There are the following legal ways to get residence permit in Latvia: Labor contract with a Latvian company (Our Company does not provide services of job placement). Citizenship 1. A residence permit is a document providing a foreigner the rights to reside in the Republic of Latvia for a definite period of time (a temporary residence permit) or permanently (a permanent residence permit). You’ll be pleasantly surprised by the quality of property you can buy in Latvia for €250,000. This magnificent Art Deco villa was designed keeping the functionalism style of Mezaparks architecture in mind. The Latvia Immigrant Investor Program offers 4 investment options including a real estate investment option. Collect the documents Latvia’s business migration program was introduced in July 2010. Latvindia’s mission is to connect you to Europe and Latvia. Once you have decided to start your Latvian business investment, you have to sign a contract with us and transfer the first instalment of the administration fee. Apart from that, you must also pass the Latvian language test, have knowledge of general history of the country and know the National anthem. I. Get second citizenship by investment for the whole family with access to beneficial taxation and visa-free travel. The Latvia RBI program provides a 5-year resident permit to approved applicants, after which they can apply for permanent residence. We use cookies on this site to ensure the most desirable user experience. The Latvian bank deposit is a safe and profitable investment option. Информацию об обработке ваших персональных данных вы можете найти в нашей Политике конфиденциальности. Safe investment with profit It is possible to receive residence permit for up to 5 years in Latvia and for up to 1 year in … Permanent residency Dependants can include a spouse, minor children, financially dependent children and parents. On 1 July 2010, the amendments to the Immigration Law of the Republic of Latvia came into force expanding the possibilities to obtain a residence permit in Latvia for foreigners who want to stay and move freely within the Schengen area. Benefits of Latvia Residence Permit. Latvia's Citizenship by Investment program is one of the easiest and most popular pathway into Europe which allows the investor to obtain residency permit in the EU. get back to you today or the next LatviaPlus has no chance for bankruptcy. You should collect and legalise all the required documents (see above). XIPHIAS Immigration serves all those clients as would be needed We suggest to invest in LatviaPlus and try to run your own business separately. Support for education of your children in Latvia. Latvindia helps you to find a job, rent a flat, and find a school for your children. You invest your money in the equity capital of a trusted company (we suggest Latvindia) for 5 years. You may deposit 280,000 euro as a subordinate liability in a Latvian bank, and pay the government fee. You miss the cheapest European residence permit, You should invest €50,000 in a Latvian company; we suggest. Additional 5% of the real estate purchase value must be paid as government fees upon approval and 2% stamp duty for registration of title. Pay an all-inclusive administration fee depending on your family size. Latvia offers residency by investment scheme through share capital investment. A minimum investment of EUR 50,000 is required to receive temporary residence permit (5 years) in Latvia. Total Non-Refundable shared Capital Investment is around EUR 85000 to qualify for Temporary Residence Permit. Incorporation of a company and investment … Latvia is a beautiful country with its own unique identity, culture, traditions and customs. Simply put, Golden Visas are European residence by investment programs that let an individual obtain a temporary or permanent residence permit in the given country. One of our qualified advisors will get back to you today or next business day. If your budget is low or if you want to move to Latvia. 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