Support for moving and living in Latvia 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. The company issues the invitation letter, which is required at the application. Its main activity is to treasure the funds of the investors. If you invest in LatviaPlus you may get profit. However, your startup company should pay at least 40,000 euro tax every year. Applicants may choose from one of the following options: The processing of documents takes approximately 30–90 days. Travel to Latvia and get your residence card FREE RENEWAL — Guaranteed refund of the invested 50,000 euro, with free yearly registration and a free renewal after 5 years. Invest 50,000 euro in a Latvian company Latvia provides the cheapest investment option to immigrate to Europe. You can invest in our dedicated investment company called LatviaPlus. Five years after the program’s launch, Latvia’s economy received more than EUR 1.3 billion, of which more than EUR 1.1 billion was generated from the purchase of real estate by foreign investors. We suggest to invest in LatviaPlus and try to run your own business separately. You may invest in a Latvian property at least 250,000 euro and pay the government fee. Latvia offers excellent transport and cultural links with both Western Europe and Russia. You may learn the benefits of a European residency including free movement in Europe, access to health-care and education. EUR 50,000 non refundable Company Share Investment. Latvia is situated within Europe’s Schengen Area, on the Baltic coast. 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. 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 Latvia Golden visa offers the cheapest real-estate investment … SIA “Jurmala Invest” is giving consultancy services in Latvia for 15 years, Helping their custumers about: Registrar company, accountants, law services, choosing the right real estate investment, residence permits and more.. Latvian immigration law provides for the issuance of temporary residence permits to immigrant investors who commit to investing in: 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. We prepare the application form and other governmental documents. In return, you receive a residence permit in Latvia. Your investment is guaranteed for this period. We give you a step-by-step description of the process and how to pay less money. Step 7 – Obtain the residence permit. Latvia Business Immigration Program . We offer you 3 investment options with different benefits: The individual will receive a 5-year resident permit; The residence permit must be renewed yearly at the Immigration Department in Latvia; C. Credit Institution Investment. 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. Total Non-Refundable shared Capital Investment is around EUR 85000 to qualify for Temporary Residence Permit. Latvia Investor Residence Government Policy Every person that would like to stay in the Republic of Latvia for more than 90 days within a period of six months is required to obtain a temporary residence permit. One–three months from submission of the application to approval, The right to live, work, and study in Latvia. Latvia Residency: Bank Deposit Investment. 1. Neither would you be asked to attend an interview or prove your knowledge of the Latvian language. 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. Latvia residence permit through investment in credit institutions of Latvia List of requirements: Minimum investment amount - EUR 286,000 Minimum term - 5 years without the right to withdraw funds until the end of term One time non-refundable duty of EUR 25,000 must be paid to the Migration Department of Latvia upon a favourable decision. Immigration - Latvia, Lithuania, Estonia. Support for education of your children in Latvia. It wasn’t that there weren’t enough properties to go around; Riga’s steeple-studded skyline is once again dotted with cranes. You invest your money in the equity capital of a trusted company (we suggest Latvindia) for 5 years. The program was launched on 1 July 2010 by the Latvian government as an initiative to sustainably overcome the economic crisis of 2007–2009. Although the Latvian residence permit by employment or by Assuming board members position are other … Yes, you get back your 50,000 euro investment after 5 years, or you can keep your investment for another 5 years. A residence permit is a document that gives a foreign citizen the right to temporarily (a temporary residence permit) or permanently (a permanent residence permit) stay in the Republic of Latvia. You invest in the equity capital of the company; thus, you will be a shareholder of the company. Latvia offers residence permits to those who invest in the country. 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. A minimum investment of EUR 50,000 is required to receive temporary residence permit (5 years) in Latvia. RCP is a leading independent immigration service firm, offering the best residency and citizenship by investment options in Europe. Approximately half of Latvia’s territory is covered by forests, offering many nature trails and parks. Click the Play button and play in full screen. EUR 10,000 Government State fee Latvia has excellent English schools as well. Have one of our qualified advisors contact you today. Benefits of Latvia Golden visa. See the official Latvian government website. The Latvia Residence-by-Investment Program was launched on 1 July 2010 as an initiative to sustainably overcome the economic crisis of 2007– 2009. As a result, you may move to another EU country, you can live, study and work in that country, like Germany or Netherlands. LatviaPlus has no chance for bankruptcy. The Latvian bank deposit is a safe and profitable investment option. 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. Investors can gain a five year residency permit by investing €250,000 in property. Riga, its capital, was founded in 1201 and is a UNESCO World Heritage Site. You may deposit 280,000 euro as a subordinate liability in a Latvian bank, and pay the government fee. Finally, you can invest in a bank bond for a minimum of EUR 280,000, and receive interest on your investment. It contains our professional fee and all costs emerging in Latvia. Will I be the owner of the company I invest? Vija Gailite, Latio’s head of sales, said t… This is not an easy requirement for a new company. Latvia offers residence permits to those who invest in the country. As we have received many requests to help immigration to Latvia, we created a project to facilitate the settlement of investors in Latvia. Residence permit in Latvia based on financial investment in a Latvian bank. Upon processing, the Office shall issue a Letter of Invitation after which the investor is required to finalize the mandatory investment. 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. See the official Latvian government website. EU Long Term Residency The Latvia RBI program provides a 5-year resident permit to approved applicants, after which they can apply for permanent residence. 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. Yes. S tarting from July 2010, the Republic of Latvia offers foreign investors and business persons the golden opportunity of becoming a temporary resident (holder of Temporary Residence Permit – TRP) with a path to citizenship and access to the Schengen Area and the European Union countries with minimal bureaucratic requirements by making specified capital investment in Latvia. There are several ways to obtain a residence permit in Latvia for foreign persons.Currently the Latvian residence permit by Investment ( Buying a real estate – Long term deposit in bank ) is the best solution to obtain a residence permit in Europe, for those which can afford it. Should you have any questions, or if you would like a detailed breakdown of the exact costs for your family, kindly contact us and we will be delighted to help you. The Latvia Residency Program is one of the most affordable and quickest residency options in Europe. 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. PROFIT — Guaranteed refund of the invested 50,000 euro with a minimum yearly profit of 1,5%. Latvindia’s mission is to connect you to Europe and Latvia. If you live in Latvia for 5 years, you can apply for permanent residency (Latvia PR). 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