Latvia, a small Baltic country with a full EU and Schengen zone membership, offers an uncomplicated investment residency program for yourself and your family. You can send invitation letter to facilitate Schengen visa, See the official Latvian government website. As it refers to real estate, Latvia provides a good return on investment. Invest in Real Estate and get your Residence permit in Latvia through the Residency Program. See the official Latvian government website. The most popular way to obtain an investment-based residence permit is by purchasing property. 5 years of Temporary Residency Permit instantly (renewable) There are no regulations about the investor having to stay in the country; Visa free travel in the European Union countries. After the foreign investor is approved for a temporary resident permit, the investor has the right to reside in Latvia for the duration of the permit (five years), obtain permits for the investor’s spouse and children, and freely travel and cross the borders of EU member states. RCP is a leading independent immigration service firm, offering the best residency and citizenship by investment options in Europe. Once the investment is made, fees are paid and your application is approved, you will get the visa. The investor can apply for permanent residence five years after becoming a temporary resident. Visa free travel and living in Schengen area. Latvia is a Schengen Country that offers Residency by Investment. If Latvia is not for you, find other options, Get a Free evaluation for Latvia residence permit. First, you can purchase real estate in Latvia for at least EUR 250,000. You and all of your family members, included in your application, should travel to Latvia to obtain the residence permit cards. The gross Rental Yield for such an appartment is 5.20%. See the official Latvian government website. Latvindia was founded by the directors of Residency Citizenship Program Limited. If you have funds to invest in a new or existing business in Latvia then a residence permit based on business investment might be an option for you. The good news? After that, you must apply for an Investor visa at any embassy or consulate. You and your family can live in a European country. Permanent residency leading to full citizenship can be achieved with just a minimum $80,000 USD investment to purchase at least 5 hectares of titled land in a government certified reforestation project. The shareholders of Latvindia are the founders and the investors. This is a tiny nation. Applicant is able to provide proof of at least €14,000 of funds, €5,000 for a spouse and €3,000 for each dependent child. The application must contain proof that the investor has not violated the civil, criminal, or immigration laws of Latvia, and that the investor continues to develop and manage the investment in the credit institution or enterprise. If, for whatever reason, you … It will become EURO 500,000 in case the 800 slots are already filled up. If your budget is limited, simply invest in a trusted Latvian company, pay the fees, and get a European residence permit within three months. After 5 years, you can resell your property or you can continue your residency. By continuing to browse the site, we'll assume that it is consented. You have to visit the dedicated Latvian Embassy and file your application. Permanent residency Latvia is part of the Schengen zone of Europe, allowing you to travel freely throughout Europe without the need for a Schengen visa. Total Non-Refundable shared Capital Investment is around EUR 85000 to qualify for Temporary Residence Permit. According to the Latvian migration and citizenship website, there are up to 30 aims for residence. A top apartment in the centre of Riga (the capital of Latvia) is about this amount, or you buy a house at the suburb of Riga or a house near the seaside. We can arrange everything if you want to rent out your property. (View program details) Belgium: Investors that set up a company in Belgium, may apply for citizenship after three to seven years. Direct Investment into a Latvian company. You should collect and legalise all the required documents (see above). It’s simple: buy real estate anywhere in Latvia and get a temporary residence permit good for five years. You should also pay an administration fee depending on your family size (€20,000 for a single and €25,000 for a family of 4). According to the current Lithuanian immigration law, non-EU citizens can receive a Lithuanian residence permit in exchange for investment if they meet all of the below-mentioned six requirements, namely: The investor should run a Lithuanian company for at least 6 months before applying for a residence permit; Latvia Golden Visa Program provides all the resident rights to the Investors and can be obtained by following ways; Latvia residence can be obtained by Business Incorporation under Latvia Business Immigration Program where the Investor will be appointed as a Board Member of the Company. Panama reforestation investments have averaged annual returns of 23% over the past 20 years. Residency & Citizenship Application Procedure, Capital:                                 Riga, AREA:                                    64,589 sq. Since its independence, Latvia has been referred to as one of the Baltic states. In addition there is a government processing fee of €25,000 or 5% of the property value. Latvian residency gives you access to the entire Schengen area visa-free. The application process for residence takes 30–90 days. Applicant must hold a valid travel document. Sign a contract with us and transfer the first instalment of the administration fee. A project of Mahandru Associates & YISolutions.com | Residency & Citizenship by Investment Consultancy, 13800 Coppermine Rd, Herndon, VA 20171, USA, ul.Poznańska 7/2, 00-680 Warszawa, Poland, A-6 Kehkeshan Square Block-5 Clifton, Karachi, Pakistan. To invest in an enterprise’s equity capital, the foreign national must invest a minimum of 36,000 Euros and must pay a minimum of 28,600 Euros in the next year. Latvian (EU) Residency Program. We advise you on selecting a property which is in good location, in good condition and is easy to rent out or even to resell. There is a high demand of renting small properties in Riga. Company registration in the Commercial Register of Latvia, Company bank account opening in Latvian bank, Tax consultation for beginning of your business, Accountant services for first 3 months for the company, Booking of all services necessary for registration processes. After that the investment limit rises to €500,000. You should keep your property as long as you want to keep the residence permit. We use cookies to ensure that we give you the most relevant and refined experience. You should keep your property as long as you want to keep the residence permit. From May 2010 two new options (buying realty object or banking deposit) were introduced into Latvian legislation. Due to the revolutionary amendments to immigration law Latvia offers the opportunity to become resident in a Schengen Area member country with minimal bureaucratic requirements. Latvia’s property market remains very strong; prices are steadily increasing. If you live in Latvia for 10 years, you can apply for citizenship, and you will be an EU citizen. Latvia offers residence permits to those who invest in the country. You will need to invest at least EURO 250,000 in a property and be one of the first 800 applicants. If you have funds to invest, but prefer more security than can be offered by a business investment, then a residence permit based on financial investment in a Latvian Bank might be the option for you. Latvia offers residence permit to those who invest in the country. It is bordered by Estonia in the northern region, Lithuania in the southern, to the east is Russia, and Belarus to the southeast, as well as sharing a maritime border with Sweden to the west. Latvia can also count on a skilled and relatively inexpensive workforce and a strategic geographical location, between the EU and CIS countries. Mahandru Associates is a multinational conglomerate, with global reach and business roots stretching back half a decade, engaged relentlessly in providing a constant advisory and management service regarding Permanent Residence & Citizenship by Investment programs for multiple destinations across globe to the High Net Worth Individuals. The Latvia Immigrant Investor Program offers 4 investment options including a real estate investment option. Foreign investors may obtain these residence permits by investing in qualifying Latvian credit institutions or by investing a Latvian enterprise’s equity capital. You can rent out your real estate. Invest EUR 250,000.00 in Real Estate of Latvia and obtain a Temporary Residence Card valid for 5 years. Apply now. Our director will guide you in an opening bank account, finding the best property and buying it. No border checks, here you come. The connection to EU nations is also open. Your spouse and children up to the age of 18 years old can also become eligible for residency under the program, as long as they are unmarried and that you can provide proof that they are living with you. Five years permanent residency, renewable indefinitely. The Latvian real estate market is stable and prospering; prices are steadily increasing. Investors can gain a five year residency permit by investing €250,000 in property. Latvindia also helps in the everyday life of the investor's family in Latvia. Finally, once the foreign investor has been a permanent Latvian resident for five years, the investor can apply for Latvian citizenship through a legal process called naturalization. Latvia is a beautiful country with its own unique identity, culture, traditions and customs. Latvian residency is especially attractive as it provides visa-free access to Schengen Area member states and facilitates visa application to other developed countries. We can guarantee at least 3-5% yearly profit on your investment. It used to be that you could purchase 100,000 Latvian lats (about $200,000) worth of property in Riga or any of the other main cities here and get a second residency. ... Colombia also has an invest-in-property-and-get-residency visa. The Latvia residence by investment program was first introduced in 2010. With Latvia’s Residency permit card, the business investor gets to travel in the Schengen zone without needing a Visa. Latvia’s residency by investment program has a €50,000 minimum investment requirement. The naturalization application is much more involved than both the temporary and permanent resident applications. You may start your own Latvian business. Residence by Business Investment can be obtained by either; The first step in obtaining citizenship in Latvia is to obtain a temporary resident permit. The residence permits issued by Latvia is valid in all EU schengen states. Property prices are steadily increasing in Latvia as you see in the first picture on the left. To invest in a credit institution, the foreign national must invest a minimum of 286,000 Euros, and the length of the transaction must be at least five years without the possibility of earlier termination. Who are the owners of Latvindia? We prepare the application form and other governmental documents. An additional $2,000 will be needed for each dependent. We will find you the best option which suits your budget and needs. You can have 5-years renewable residency permit, … This Business Immigration Program doesn’t require the Investor physical stay in the country and Permanent Residence permit (PRP) after 5 years of living in Latvia. The associated expenses can be paid in stages over the course of five years. We are going Back to Business as Usual !!! In return, you receive a residence permit in Latvia. It has since become a popular program for those looking to relocate into an EU country. I am very much grateful! The bad news? In return, you receive a residence permit in Latvia. Engage us Latvia offers residency by investment scheme through share capital investment. The administration fee includes all costs, no hidden costs at all. Acquisition of a residence permit based on business investment is most suitable for those who wish to establish or develop their business within the European Union, while taking advantage of the benefits of having legal residency within the EU - with all the convenience that it brings in terms of travel. Collect the documents By investing €250,000 into real estate you will get a luxury property with high-end finishes and you’ll be eligible to apply for Latvia Temporary Residence. You can get a residence permit by purchasing real estate with certain conditions. Under the direct investment option, minimum investment required is € 50,000 with € 10,000 state fee and associated expenses. Latvia introduced its golden visa programmein 2010. The new limit introduced in 2014 applies to the first 800 applicants. You should buy a property or properties for at least €250,000. The whole application process takes within 1-3 months. There are three main investment options: Invest at least €50,000 in a small company of fewer than 50 employees and with a company turnover of less than €10 million. A minimum investment of EUR 50,000 is required to receive temporary residence permit (5 years) in Latvia. You may invest at least 250,000 euro in Latvian property and pay the government fee. Buying Property in Latvia and Getting Residency . Travel to Latvia and get your residence card The second choice is an unmarried authorities bond, also with a minimal requirement of EUR 250,000. You can now obtain EU residency within 4 months for an investment from only €150,000. Subordinated Term depositor Bonds from EUR 280.000 Term 5 Years + € 25.000 to the state budget. As the procedure involves a significant investment and a lot of paperwork, I really recommend a consultant like Mahandru Associates to take on the responsibility of getting the job done and in an efficient manner as well. It may surprise you that Latvia is regarded as one of the most beautiful countries in the world. Latvia is a country that provides different facilities for those seeking a residence permit. by: Igors Krumins In Latvia Tagged buy property in latvia and get residency Leave a comment. Latvia was once touted as the best and easiest place in the EU to qualify for residency. km, Language:                            Latvian, Population:                         81,400,000, Govt:                                     Unitary parliamentary constitutional republic. Ok. Latvia, officially the Republic of Latvia, is a country in the Baltic region of Northern Europe. Latvia is renowned for its favorable business conduct and low tax rates in Northern Europe. The amendments to the Immigration Law allowed third-country national investors to obtain temporary residence permits after purchasing real estate in Latvia, investing into the equity capital of a capital company (i.e. Living there is affordable; however, it is not at the expense of the quality. You will have visa-free access to all 26 countries of the Schengen zone, access to state education and health care in Latvia, and the right to live and work there. Latvindia helps investors to move and settle down in Latvia; and supports the education of their children. If you buy a property for €250,000, the government fee is €12,500. Family members are included, meaning, spouse and children under the age of 18. Permanent Residence for Spouse and Children. We guarantee that you will buy a good property at a real value. This means you will be able to travel anywhere in the free travel zone of Europe. One of the aims is owning a real estate in Latvia. People from outside the European Union who buy property in Latvia or invest in business will now receive EU residency rights. For a Confidential & Personalized, One-on-One Free Consultation. Latvia is also a Schengen member country which joined the European Union in 2004. Business companies – 50000 EUR + 10000 EUR State budget payment, Real Estate – 250000 EUR + 5% State budget payment of the real estate total value, Bank deposit – 280000 EUR + 20000 EUR State budget payment, Government obligations – 250000 EUR + 38000 State budget payment. I and my family are delighted to get a new passport and nationality, that would be helpful for my usual travel around the world and for higher education of the kids. You get full support through the whole process. In the fifth year, we will file the permanent residency application for him/her and family members. Travel all over Schengen. (restrictions may apply) [1] Latvia: An investor in Real Estate may quickly receive a 5 year temporary residence permit. Since 2010, Latvia has been issuing residence permits to foreign nationals in exchange for investment in the country's economy. Foreigners can get permanent resident status in Latvia by purchasing Residency bonds issued by Government for €250,000. There are many ways to obtain a residency permit to reside in Latvia. Citizenship Malaysia My Second Home Program. Latvia has a credit rating of A+ and offers an option to invest in the government bonds, which makes this route one of the safest solutions on the immigration market. Even when it was taking a little bit longer than expected, they took it upon themselves to constantly follow up and update me on the progress. Residence permit in Latvia based on business investment. Latvia has had such a program for a while, and the entry price is lower, at 140,000 euro in the capital and half that in the countryside. You get a choice to remain and serve somewhere for existence after you have a permanent resident status in Latvia. limited liability or joint stock company), establishing a new capital company or investing in subordinate obligations with a Latvian credit institution (i.e. Call Hijrah Advisors in Dubai Call Hijrah Advisors in Dubai info@hijrahadvisors.com +971 4 584 6572 You should pay a government fee, which is 5% of the property price. This is the most straightforward program. After your permit has been granted, you pay the government fee and the balance of the administration fee and receive your residence cards. The second step in obtaining Latvian citizenship is for the foreign investor to become a permanent resident of the nation. The Latvian real estate market is stable and prospering; prices are steadily increasing. First, by transferring €300,000 at a very bank branch of Latvia, you will get … However, the country has a small-sized market, and it has room for improvement on the protection of minority shareholders and on resolving insolvency. If anything happens in your home country or you want to change your life, you have a safe second home to go there. Latvia Residency by Investment Programme. Invest EUR 250,000.00 in Real Estate of Latvia and obtain a Temporary Residence Card valid for 5 years. Mahandru Associates has done an outstanding job in completing the application process. Residency permits have to be renewed every year, except for those who have invested in government … Latvian residency gives investors the ability to travel across the European Union visa-free. Finally, you can invest in a financial institution bond for a minimum of EUR 280,000, and get interest on your investment. Mahandru Associates expanded its operations from UAE to USA. File your application at a Latvian Embassy lending money to a bank). You have to buy the property first. You may invest at least 250,000 euro in Latvian property and pay the government fee. Buy €250,000 or more of Latvian government bonds. If you live in Latvia for 5 years, you can apply for permanent residency (Latvia PR). Or you can renew your temporary residence permit. Second residency in Latvia by purchasing real estate. In 2007 Latvia joined the Schengen Area, which brought significant benefits to its citizens and residents. There are 3 options for obtaining investment residency in Latvia. Send us your passport copy and full CV and answer a questionary for eligibility check. Benefits of Investing in Latvia. Residence-by-investment in Malaysia grants successful applicants and their dependents a 10-year multiple-entry visa. With investment routes starting at just €250,000, Latvia is one of the very cheapest ways to get residency in Europe at the moment. 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