Immigration to Latvia
Latvia is a EU schengen member country. The cost of living in Latvia is cheaper compared to other european countries and you can take advantage of cheaper real estate prices in Latvia.
WHY CHOOSE LATVIA?
Latvia is a baltic country in the northern Europe. Latvia joined the European Union in 2004 and the currency in Latvia is LVL (Latvian Lats) which is approx 2.08 US dollars.
- EU member country
- Visa free travel to schengen and other EU countries
- Possibility to invest in Real Estate
- Affordable cost of living
Latvia offers a golden visa to investors offering Latvia citizenship by investment to investors and family. Latvia is a part of schengen agreement and visas and residence permits issued by Latvia allow visa free travel in other European and schengen countries.
Investors will be issued a `temporary residence permit` for period of 5 yrs with annual renewals. The permit issued allows visa free travel to all 25 schengen countries. It is also issued to any family members accompanying with the investor. The temporary residence permit grants the investor right to work and free movement to other European countries in schengen zone. The latvia pr by investment program allow the investors free to leave the country anytime and is not required to stay permanently in Latvia.
It is possible to apply for Latvia citizenship after 10 years of legal residence in Latvia. Latvia does not allow `dual citizenship`
We provide assistance in real estate, business immigration, residence, health insurance, accommodation and citizenship in Latvia. For more information on applicable fees and additional costs.
QUALIFICATION
- Bank Term Deposit (EUR 300,000 which equivalent of LVL 200,00)
- Real Estate Investment (Minimum EUR 250,000 + state fees in in Latvian major cities like Riga)
- Business Formation (Investment EUR 200,000)
The Latvia real estate option is the cheapest way to get Latvia residency by investment but bank term deposit is the fastest method with minimal formalities. The deposit term in 5 yrs and interest guaranteed is usually about 5-6%. For starting a new business in Latvia, residence permit can be obtained through invitation only.
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