latvia

Latvia

There is a widespread perception that Latvia is a “tiny” country. Its actual size, however, surprises most first-time travelers. It is only slightly smaller than Ireland and is larger than many other European countries, such as the Netherlands, Switzerland and Denmark. Latvia can be found on the northwest edge of Europe and shares a border with Russia. Its capital city is Riga, the country’s largest city. The population of Latvia is just shy of 2 million making it the 148th largest country in the world by population. Because of the moderating influence of the Atlantic Ocean and the Baltic Sea, Latvia enjoys less extreme variations in climate than most of the European countries. Latvia has four seasons, while winters are snowy, and summer is warm.

This highly literate society places a strong emphasis on education, which is free and compulsory until age 16. Latvia is one of the Europe’s hidden gems for the higher education of international students: Although a small country, Latvian Universities are highly ranked among the best Universities of the world and have readily adapted to the demands of international students. Well over 200 English-taught study programmes are available – many of them even at the Bachelor level.

Though being a part of Schengen zone and Credit ratings – A; the cost of living in Latvia is substantially low compared to other European countries. For example, the cost of living in Latvia is 33% less, rent in Latvia is 54% lower than in France. You can rent a 3 bedrooms apartment for 500 euro in a month. An average meal in an average restaurant is about 7 euro.

LATVIA RESIDENCE PERMIT

The Latvia Residency Program is one of the most affordable and quickest residency options in Europe. The program was launched in July 2010 by the Latvian government. Foreign nationals may apply for the residence permit in Latvia by investing in the equity capital of a Latvian company, or through the purchase of real estate or by purchasing interest-free government bonds. An investor and their family (spouse and minor children) can live in Latvia and travel freely in the Schengen area.

Benefits

  • The cheapest option in Europe (the investment requirement is only 20% of the next most affordable option)
  • Free travel in Schengen area (almost all European countries except the UK)
  • Family can be included
  • Official invitation letter to other family members
  • Fast and easy processing
  • No need to stay in the country to keep the residence permit
  • You can move, live and work in Latvia
  • Work permit in Latvia
  • EU Long Term Residence Permit after 5 years

Investment Options

  • Business investment in a Latvian company 50,000 euro.
  • Real estate investment minimum 250,000 euro in one Latvian property.
  • Government bond investment 250,000 euro in interest-free government bonds for 5 years.
1. BUSINESS INVESTMENT

Invest 50,000 euro in a Latvian company. You should invest at first 50,000 euro in a Latvian company and than you can apply for a Latvian residence permit. In addition, you should pay 10,000 euro to the Latvian government after the approval of your application. The residence permit is granted for a 5-year term, and it is renewable. You have to travel to Latvia for biometric identification and receive the residence cards. Of course, we assist you through the whole process. With our local presence in Riga, Latvia, we provide personalised service to our clients from investing in the equity capital of a Latvian company, FREE Initial Post Landing service including airport pick-up, providing with local residential address, applying for Resident Permit Card assisting in opening a Bank Account, Medical Insurance, Accidental Insurance, etc. The normal timeframe is 3 – 6 months, however, it may take more time on a case-by-case basis

2. REAL ESTATE INVESTMENT

Invest minimum 250,000 euro in one Latvian property Purchase a Latvian property for at least 250,000 euro and pay the government and professional fees. In return, you receive a residence permit in Latvia. You should keep your property as long as you want the residence permit. The Latvian real estate market is stable and prospering; prices are steadily increasing. You may travel to Latvia and purchase the property, or you can do it remotely. Our local team in Latvia will guide you in the finding the best property and purchasing it. You should buy the property before the application for residence permit. With our local presence in Riga, Latvia, we provide personalised service to our clients from investing in the equity capital of a Latvian company, FREE Initial Post Landing service including airport pick-up, providing with local residential address, applying for Resident Permit Card assisting in opening a Bank Account, Medical Insurance, Accidental Insurance, etc

The usual timeframe is 3 – 6 months, however, it may take more time on a case-by-case basis.

3. GOVERNMENT BOND INVESTMENT

Invest 250,000 euro in interest-free government bonds for 5 years. The Latvian government bond is the safest investment option in Latvia. You may purchase interest-free government bonds with the nominal value of 250,000 euro; and pay government and professional fees. In return, you receive a residence permit for 5 years. Your investment will be refunded after 5 years maturation. You should buy the bonds after the approval of your application only. You need only a few papers: valid passports, proof of source of your fund, clean criminal records, marriage and birth certificates for your family members and a bank statement about the necessary subsistence for a year. We take care of every document and form required and guide you through the process. With our local presence in Riga, Latvia, we provide personalised service to our clients from investing in the equity capital of a Latvian company, FREE Initial Post Landing service including airport pick-up, providing with local residential address, applying for Resident Permit Card assisting in opening a Bank Account, Medical Insurance, Accidental Insurance, etc.

The average timeframe is 3 – 6 months; however, it may take more time on a case-by-case basis. Of course, we assist you through the whole process.