What is the process of Latvia Immigration Programme
Is this programme the right one for you?
It depends on what you are looking for yourself and your family. Please read the statements below carefully:
- I may live and work in a country of the European Union.
- My budget is very limited.
- I want to travel to Europe without a visa.
- I need a European residency as fast and as easy as possible.
- I want to include my family.
- I want to make a safe investment.
If you agree with most of the statements — Latvia Immigration Programme is the right for you.
Where is Latvia?
Latvia has been an EU member since 2004, as well as a member of the Schengen Zone. Latvia’s population is about 2 million, and since 2014 the national currency is the euro.
Latvia is a multiethnic and multilingual nation strategically located in the crosshairs of northern, western, and Eastern Europe. There are many direct flights to Central Asia, Europe, and the Middle East. Latvia is a nation that can bridge the gap between east and west.
Do you know that Latvia is one of the most beautiful countries in the world? Untouched white sandy coastline, scores of rivers and lakes, as well as pine and birch forests, are part of the experience. Latvia’s capital city of Riga, known as Paris of the North, was last year’s European Capital of Culture. Latvia is also one of the top greenest countries in the world. Around 20 percent of Latvia is protected. There are four national parks, 42 nature parks, 260 nature reserves, 355 nature monuments, seven protected marine areas, 24 micro reserves and a biosphere reserve. It topped the Environmental Performance Index in 2012.
You will find no difficulty to communicate in English with the Latvians. Ask for directions, shop or get information in English will be very easy everywhere in the country.
On 1 July, 2010 the Latvian Immigration Law came into effect, which allows foreign investors and their family members to obtain a residence permit in Latvia.
Benefits of Latvia Immigration Programme
Cheapest option in Europe
The business investment option of Latvia Immigration Programme is the most affordable option in Europe.
Latvia residence permit allows you to live and work in a European country
Latvia residency gives you a Latvian work permit as well.
Latvia is an EU country, a member of the European Union that means you will be an EU resident.
Latvia is part of the Schengen zone of Europe allowing you to move freely in Europe.
Your spouse, your minor children up to 18 will also receive a Latvian residence permit. In addition, children can keep the residence over 18 as long as they are not married and can prove that they live together with the parents. Moreover, you can invite your relatives for visa purposes, up to and including second degree relatives.
Very fast track
Latvia residence permit might be the fastest procedure in Europe.
No residency requirement
You are not required to live in Latvia prior to or during the application, or even after residency has been granted. But you should visit Latvia in every year.
You may send an invitation letter to your relatives
You can invite relatives for visa purposes, up to and including second degree relatives.
How to invest in Latvia and obtain Latvian residence permit?
You have 4 options to obtain Latvia residence permit:
Investment in special interest-free bonds issued and backed by Latvian Government 250,000 euro for 5 years and pay 38,000 euro government fee.
- Safest option
- No need to renew the residence permit in every year
- No additional costs
Invest in a statutory capital of a Latvian company at least 50,000 euro and pay 10,000 euro government fee.
- Cheapest option in Europe
- You are an owner of a European company
- Possibility of a profit gain
Deposit 280,000 euro for a fixed period of five years in a Latvian bank and pay 25,000 euro government fee.
- No risk
- Interest rates are about 3% per year
- No additional expenses
Real Estate Investment
Buy a real estate (apartment, house, commercial building, land) for at least 250,000 euro and pay 5% government fee (minimum 12,5000 euro).
- Latvian property prices are increasing
- You can live in your property
- You may have an extra income from rental
- Additional expenses
We work with the best Latvian lawyers and advisors to find a safe target of your investment and to make it sure that you get the residence permit.
Does my family also get residency visa?
Yes, you can involve the following family members if you invest in Latvia:
- your spouse,
- your minor children up to 18 years (they can keep the residence over 18 as long as they are not married and can prove that they live together with the parents)
- You can invite relatives for visa purposes, up to and including second degree relatives.
- Have a clear criminal record obtained in your country of residence.
- Be a person not sanctioned by the EU.
Time to get your residence card
You will get your Latvian residence permit within 2 months from the submission of your application.