Latvia Residency

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
B.Qualification Criteria documents:
  • 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

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