Latvia Immigration Packages
Latvia offers many ways to obtain residence and citizenship in this country: Company shares, Government bonds, Real Estate and Business Investment, which will be detailed in the following page.
Company Shares
Latvia offers residence by investment scheme through share option. A minimum of EUR 50,000 investment required to receive temporary residence permit (5 years) in Latvia. The associated expenses can be paid in stages for five years.
- Instant 5 years Residency
- Biometric ID cards issued for 1 year. Renewable each year.
- No minimum stay required
- Visa free travel in the EU Schengen Zone
Additional fees
- EUR 10,000 Government State fee
- EUR 30,000 Security checks, legal fees, processing fee (ask for a financed option)
Processing time
- 2-4 Month processing time depending on Nationality
- Temporary residence permit is extendable after 5 years
- Additional State fees will apply. European Residency including work permit, commercial activities, and free travel in the Schengen Zone in just 2 to 4 months depending on Nationality
Relatives can be invited up to second degree relations. (Family is Spouse and Children up to 18 years of age are included and even longer if they are not marred and still depending on the parents). There are only a few requirements the investor must fulfill.
- Clean Criminal record from the country of residency.
- Clear funds in a private account.
- Over 18 years of age are the main requirements to qualify for the Latvian residency program.
Government Bonds
Latvia offers permanent residency against purchase of EUR 250,000 investment in Government bonds. Foreign investors along with their family get permanent residence permit for 5 years.
Clean Criminal record from the country of residency, clear funds in a private account and over 18 years of age are the main requirements to qualify for the Latvian residency program.
European Residency including work permit, commercial activities, and free travel in the Schengen Zone in just 2 to 4 months depending on Nationality
Investment
- 250,000 EUR interest free Government Bonds
Fees
- 38,000 EUR State fee
- 30,000 EUR Security checks, legal fees, processing fee
Processing time
- 2-4 Month processing time depending on Nationality
- Extendable after 5 years**
- Instant 5 years Residency
- Biometric ID cards issued for 5 years. No need to renew!
- No minimum stay required
- Visa free travel in the EU Schengen Zone
Permits are extendable for the next 5 years term if needed and additional State fees will apply. Also, relatives can be invited up to second degree relations.
Real Estate
Latvia offers golden visa (permanent residency) to foreigner investors on the basis of acquisition of real estate for EUR 250,000. There is a 5% additional state fee EUR 12,500 paid to the Government
- Cheapest golden visa in Europe
- Profitable real estate investment in Europe
- Residency in EU schengen country
- Low cost of living
- Visa free movement in Schengen.
- Family and children qualify for latvian residency
- No requirement to live permanently in Latvia (visit once a year)
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 total cadastral value of the property at the time of acquisition should be at least €80,000.
- Payment of a state budget contribution worth 5% of the real estate’s transaction value.
Business Investment
Residency by investment in Latvia through company/business direct investment scheme. The investor will become a board member or similar to qualify for residence permit (TRP) valid for five years. This residence permit can be used for free movement in the Schengen area as Latvia is an EU member state and part of schengen area. Family and dependents also receive residence permits.
The total non refundable costs will be around EUR 85,000 payable in installments and it takes 2-3 months to receive your Temporary Residence Permit (TRP).This is a special immigration option for people who can’t be in Latvia all the time. Permanent Residence permit (PRP) after 5 years of living in Latvia.
