Latvia Permanent Residency
LATVIA PERMANENT RESIDENCY:
- €250,000 Residence By investment Program of a minimum amount of
- €250,000 Residence by Purchase of Bonds
- €280,000 Residence by bank deposit for 5 years
- €50,000 Investment towards a Latvian Company
- Resident Permit Timeframe 30–90 days
- Permanent Residency is obtainable after 5 years of residency
- Citizenship is obtainable after 10 years of residency
- Renounce of former citizenship
- Spouse and children under 18, are eligible to apply For Latvian PR
- 1 Visit to Latvia is required to Collect the Permits within 3 months of issuance.
- Residence permit is valid for five years
- Requirement of annual renewal of the ID card.
- Visa free access to Europe’s Schengen Area
- Fast-track application procedure
WHY LATVIA:
- Schengen Visa Zone
- Part of Eurozone & Member of the UN
- Eligibility to Apply for Permanent Residency & Citizenship
- Outstanding Transport Links with Russia and EU states
- Minimal bureaucratic requirements
- No physical Presence Required for residence permit
- Automatic Renewal of Residence Permit
- Striking and miscellaneous landscape
- Public Healthcare and education
- Eccentric Transport system
- Affordable cost of living
- Diverse Cultures
- World heritage Culture
- Artistic Region
- Leading Tourism destination
- Sparkling Free Public Beaches
- Ease Of Travel Throughout the EU
- Entitlement to live, work, and study in Latvia
ABOUT LATVIA:
- Official Name: Republic of Latvia
- A Form of Government: Parliamentary Democratic
- Capital: Riga
- Population: 1,92 Million
- Official Language: Latvian
- Currency: Euro
- Area: 64,589 Km2
- Education: Free & Compulsory - Pre-school to High school
- Culture: Latvian – Known for Latvian Folklore “Jani” through massive music and dancing festivals- Traditional Handcrafts-Opera festivals
- Environment: Sea, Lakes, Rivers, Forests and Hills etc..- Air and Water Pollution
- Health Care: Poor Healthcare ,Funded through government taxation
- Taxation: 5%-21%
- Tourism: Attracts Tourists-Ancient Castles, Valleys, Largest Metropolis in Baltics
- Weather: Temperate Oceanic Climate- Cold Winters-Mild Summers
- Politics: stable
- Schengen: Member
- Religion: Christianity
QUALIFICATION & INVESTMENT CRITERIA:
A.Investment Criteria:- € 280,000 investment in the subordinated capital of a Latvian bank for a period of five years, in addition to a one-time payment of € 25,000 to the state budget
- € 250,000 Real estate Purchase , in addition to a one-time payment of 5% of the purchase price
- €250,000 purchase of special-purpose interest-free bonds in addition to a one-time payment of € 38,000 to the state budget
- €50,000 investment in the equity capital of a Latvian company paying a minimum of €40,000 in taxes, in addition to one-time payment of €10,000 to the state budget
- Clean Criminal Record
- Non EU Citizen
- Above 18 years old
- Health Insurance
- Passed basic Latvian Language Test Level A2
- Proven Knowledge of the general history of Latvia
- General knowledge of the national anthem
- Renounce former citizenship
- Application form for requesting of residence permit
- Notarized Photo Passport
- Proof of sufficient funds ( Minimum of EUR 4560) to cover the first year without having an income
- Birth certificate
- Certifying Document for provision of subsistence (certification is valid for 3 months)
- Official Proof of residence
- State Fee Payment Receipts
- Kinship and marriage certificates
- Supporting documents showing a minimum salary income of EUR 859/Month