Citizenship & Residency By Investment I Global Mobility Solutions
Latvia
Golden Visa Program
About
Capital: Riga
Population: 1,842,226
Language: Livonian, Latgalian
GDP per capita: 44,110 USD
Currency: Euro (EUR)
Member of the European Union
Visa Free Countries: 170+ countries, including Schengen Zone, USA (w/ETA), Canada (w/ETA), UK (w/ETA), Malaysia, Japan, Singapore, Mauritius, Philippines, South Korea
Residence by investment Program Overview
Latvia’s Golden Visa has been operational since 2010 and saw its investor application volume peak in 2014, a year during which Latvia approved some 2,500 applicants. Application volume has grown considerably.
With a minimum investment threshold of just 50.000 EUR, it also offers one of the continent’s most affordable routes to residency by investment.
Latvian residency provides a pathway to EU permanent residency and citizenship. To qualify for PR, a minimum of 5 years of residency is required, and for citizenship, a minimum of 10 years.
Latvia Investor Golden Visa (Equity Investment)
Temporary residence permit in Latvia for investors who have invested at least 50.000 EUR in the company’s share capital.
An Investor Residence Permit in Latvia is issued for a 5-year period and can be renewed. After 5 years, the investor can apply for a Permanent Residence permit in Latvia.
Requirements:
Passport:
A valid passport is necessary
Investment:
An investment of at least 50.000 EUR
State Fee:
A one-time state fee of 10.000 EUR must be paid
Sufficient Funds:
Proof of financial stability is needed
Source of Income:
Documents that confirm the origin of income
Clean Criminal Record:
A clean criminal record is mandatory
Legal Fees:
Payment of legal fees is required for processing and handling the application
Latvia Real Estate Golden Visa
Temporary residence permit in Latvia is available for foreigners who have purchased real-estate in Latvia for minimum of 250.000 EUR.
The EU Real Estate Gold Visa in Latvia is issued for 5 years and can be renewed. After 5 years the person can apply for permanent residence in Latvia.
Passport:
A valid passport is necessary
Real-Estate Purchase:
You must acquire real estate in Latvia value 250.000 EUR
State Fee:
A one-time state fee of 12.500 EUR must be paid (5% property value)
Sufficient Funds:
Proof of financial stability is needed
Source of Income:
Documents that confirm the origin of income
Clean Criminal Record:
A clean criminal record is mandatory
Legal Fees:
Payment of legal fees is required for processing and handling the application
Latvia Bank Deposit
Temporary residence permit is available for investors who deposit 280.000 EUR into a subordinated bonds of a Latvian bank. Return on investment up to 8% per annum. The residence permit obtained through bank deposit is valid for a 5-year period and is renewable.
Passport:
A valid passport is necessary
Bank deposit:
A bank deposit of at least 280.000 EUR
State Fee:
A one-time state fee of 25.000 EUR must be paid
Sufficient Funds:
Proof of financial stability is needed
Source of Income:
Documents that confirm the origin of income
Clean Criminal Record:
A clean criminal record is mandatory
Legal Fees:
Payment of legal fees is required for processing and handling the application
Benefits of Latvia Residence by Investment Program
Most cost effective EU Residence by Investment Program
Increased visa-free travel
Freedom of movement (but not settlement) within Schengen
Path to citizenship
Permits dual/multiple citizenship (exception apply)
Short processing time: 6-8 months. In some circumstances can be longer.
Inclusion of spouse and children under 18
EU private and corporate bank account opening possibilities
Lower taxes
Safety and security
Latvia Investor Golden Visa
(Equity Investment)
2% Commission every year if investor holds investment for 10 years. Initial investment is refundable.
Latvia Real Estate
Golden Visa
Currently if investor decides to rent the real estate there is 7-8% return on investment per annum.
Latvia
Bank Deposit
Return on investment up to 8% per annum paid on quarterly basis. Initial investment is refundable.
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