Latvia, also called the Republic of Latvia, is a beautiful country in the Baltic region of Northern Europe. Over the last decade, Latvia has developed into a prospective attractive business and investment option. There are several options and opportunities for immigrants aspiring to move to the east European country.
Being a European Union and Schengen area member state, Latvia is conveniently located for any business operations. Latvia is one of the few countries in Europe and the world whose financial system is stable and has grown for two years consecutively. Latvia is a democratic republic that abides by using the rule of regulation. It is absolutely incorporated into the European Union by making use of European Union legal guidelines and policies within its felony device.
Latvia Residence Permit
The Latvia Residence Permit grants the foreigners to reside in the Republic of Latvia for a certain period either temporarily or permanently. This permit is essential to anyone willing to reside in the Republic of Latvia for a period exceeding 90 days of the stay.
How can I get PR in Latvia by investment?
There are multiple opportunities at the disposal of those willing to invest money and entrepreneurial skills in the country. Such options include a wide range of openings in traditional as well as contemporary industrial set-ups.
Access to residency with the aid of deciding to invest in Latvia genuinely opens the door for worldwide citizens, who’re keen to open an enterprise in Europe. Latvia can turn out to be an accessible platform to different European international locations for the new investors.
Basic Criterion of Latvia Residence by Investment
There is a certain criterion to apply for a residence permit through the Latvia Residence by Investment Program. Below are a few suitable investment options to choose from applicants.
- The applicants can invest EUR 280, 000 in the subordinated capital of a Latvian Bank with a one-time payment of EUR 25,000 to the state budget. This investment needs to be retained for a period of 5 years.
- Invest in an interest-free government bond with a minimum value of EUR 250, 000 with a one-time payment of EUR 40, 000.
- Real-estate investment with EUR 250,000 and 5% one-time payment.
- Applicants can invest in the equity capital of a Latvia Company with a minimum amount of EUR 50, 000 with a one-time payment of Euro 10,000.
Documents required to apply for permanent residence in Latvia:
- Complete application form
- Document certified the required provision of subsistence
- Accommodation document or rental agreement
- Marriage certificate and documents certifying the relationship
Advantages of Immigration to Latvia through investment:
- Easy visa access to Europe’s Schengen Area
- No minimum time-period stay
- Affordable alternative to other investment-related immigration
- Gateway to all European markets
- The seamless movement to all 26 Schengen area countries
- Quick and smooth visa track application procedure
The Latvia Residence is quickest to obtain by Investment Program. There are many reasons as to why foreigners should move to establish a work front. Located at the heart of Europe, Latvia residency acts as the gateway to other European countries. Further, the many investment options available have made the place an ideal destination for foreign investors. Further, due to the stable economic environment, the accommodation cost is also more affordable than in other European countries.
Permanent residence and citizenship!
The interested applicants can choose any of the suitable investment options and proceed with the case. Upon approval, the applicants will get a temporary residence grant for 5 years initially, which will be extended without any additional investment. The only condition is to stay in the country for a minimum of four years and successfully pass the basic Latvian language test at level A2. There is no minimum period of stay in Latvia needed to renew the residence permit.
Contact Latvia Immigration Consultants Today!
At Alliance Capital Immigration, get the valuable assistance to immigrate to Canada, Australia, Latvia, and many others. With years of experience in the industry, we offer complete assistance to clients to fulfil their immigration dreams to foreign lands, smoothly. Our Latvia immigration consultants will evaluate your case and help you choose the most appropriate immigration program of your interest. Contact us today at our immigration contact number +971043305786.
