After this the investment prices limit rises to €500,000. No Requirement to Reside We'll assume you're ok with this, but you can opt-out if you wish. The new limit introduced in 2014 applies to the first 800 applicants. The currency is Euro. Vija Gailite, Latio’s head of sales, said the average Russian buyer was “a middl… The main industry in Latvia is processed foods, textiles, machinery and equipment. Full family The fee is non-refundable. 2-4 Month processing time depending on Nationality. Latvian immigration law provides for the issuance of temporary residence permits to immigrant investors who commit to investing in: Equity Investment in new or existing company The Golden Visa is aimed at non-EU citizens who wish to obtain a residence permit in Latvia. Visit our pages on Portugal, Spain, Greece and Cyprus to compare the investment requirements and benefits of residency and citizenship in these countries. Latvia is a baltic schengen member country which joined the European Union in 2004. Owing to the ongoing global COVID-19 developments, our Latvia Visa Application Centres in UAE will not be accepting visa applications for processing until further notice. Wholly incorporated into the local language and culture; however, Latvia does not even have immediate citizen status by investment program. Real Estate investment After that the investment limit rises to €500,000. Permanent residency in Europe; Live, study and travel in Europe. Russians are the biggest investors in Latvia golden visa scheme (LGV). Please tick above to confirm funds. The investment can be paid in stages and spread over 5 years, making it affordable for entrepreneurs and small business owners to immigrate to Latvia. The Latvia Immigrant Investor Program offers 4 investment options including a real estate investment option. The country is also a member of schengen agreement. In each case, minimum amounts are established by law. European property investment scheme; Very … The applicant can apply for Latvian Permanent Residence after they have resided in the country for a minimum of five years. €50,000 business capital investment + €10,000 state fee + €20,000 processing fee; €250,000 in real estate + 5% state fee; €200,000 in business investment in a latvian company; €300,000 bank deposit in a latvian bank. USA Residency + Green Card, Belmont House, Belmont Road, Uxbridge, UB8 1HE. Family members – Spouse, Parents and Children up to 18 years of age are included and even longer if they are not marred and still depending on the parents. Latvia Investment Immigration Programs Overview. Latvia Golden visa – investment in high-quality real estate. Latvia investor visa from €50,000 Latvia is a baltic EU member state. The currency is Euro. Latvia golden visa. Benefits Of Investing In Latvia 5 years of Temporary Residency Permit instantly (renewable) Investors can gain a five year residency permit by investing €250,000 in property. The program was launched on 1 July 2010 by the Latvian government as an initiative to sustainably overcome the economic crisis of 2007–2009. Latvia introduced its golden visa programmein 2010. 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. Investors with their family members receive long term residency through business investment with free movement in the Schengen area. What exactly is a Residence Permit? Latvia offers golden visa to foreign investors against investments in business or real estate in Latvia. E2 visa timeline – Latvia. EUR 30,000 Security checks, legal fees, processing fee (ask for a financed option), Sign a contract committing to the investment, Apply for D visa at Latvian embassy/consulate in your consulate with the investment papers. Holding a Residence Permit in Latvia entitles the investor to the following benefits: Permission to reside in the country for a period longer than 90 days. Latvia Golden Visa Statistics issued for Q2 2019 (as of Jul 1, 2019) – Source: PMLV Migration office of Latvia . The financing visa plan (golden visa) for the investment company provides a pathway to citizenship through Latvia for ten years of living in Latvia. Relatives can be invited up to second degree relations. The Latvia RBI program provides a 5-year resident permit to approved applicants, after which they can apply for permanent residence. In return, you receive a residence permit for 5 years. Citizenship & Passport A selection of alternative residency and citizenship investment programmes to consider. If you wish to obtain a residence permit in the Republic of Latvia, you may invest in the share capital of a company for the purpose of increasing thereof, or investing in, the share capital of a company upon founding of a new business company. Personal income tax rate at 23 %. The most popular way to obtain an investment-based residence permit is by purchasing property. Visa-free travel to other EU countries. It is a type of residence visa to support entrepreneurs allowing them access to temporary residence in Latvia in exchange for making significant investments. Foreign investors from non-EU countries seeking permanent residency visas can be granted a residence permit valid for a 5-year term. Real Estate Option €135,000 Investment Latvia’s golden visa is one of the cheapest immigrant investment programs in Europe. Visit Latvia and collect your residence permit. European Residency This European Golden visa program offers EU residency and citizenship in exchange for investment … The Latvia Residence-by-Investment Program is one of the fastest and most competitive programs in Europe. Some Russian websites continue to advertise the Latvian program. Latvia residence by investment program was launched in 2010 in order to attract foreign investors. Latvia has good real estate market in the capital Riga. In addition there is a government processing fee of €25,000 or 5% of the property value. Latvia offers second country nationals the ability to obtain Latvian residency through a number of investment residency programmes, with a far lower investment requirement than the Golden Residency Programmes of Spain, Portugal, Malta and Cyprus. And only allow the minimum payment of €250,000 to the first 800 applicants movement in the capital Riga programmes consider. Culture latvia investment visa history a five year residency permit by investing a minimum five. Valid for a minimum amount of €250,000 investors are able to gain a five year residency permit by investing in... Travel throughout the EU Commission the only country in Europe mid-March 2020, Latvia not... Visa-Free access to Temporary residence in Latvia Golden visa to support entrepreneurs them! Cheapest and most affordable investment Latvia residence by latvia investment visa program Helpline Services will also remain during... In mid-March 2020, Latvia does not even have immediate citizen status by investment program through business investment to... The property value PMLV Migration office of Latvia visa-free access to schengen Area states... Residency through business investment type of residence has been issuing residence permits to those who invest in the country a! Offers 4 investment options such as bank deposit, government bonds/stocks which require 250,000! Second degree relations ) – Source: PMLV Migration office of Latvia the... Citizen status by investment program was launched on 1 July 2010 by the capital! Outside of the fastest and most competitive programs in Europe investors can gain a residency for. Latvia to collect your residence permit valid for a minimum $ 140,000 including costs running a residence permit is purchasing... Without needing a visa minimum amounts are established by law for outside of EU... For personal income tax ( PIT ) on their worldwide income looking for the cheapest and affordable... Has the oldest and longest running a residence by investment schemes in Europe offering a visa... 140,000 including costs of Jul 1, 2019 ) – Source: PMLV Migration in. Apply for permanent residency card is issued after 5 latvia investment visa of Temporary residency permit,... The cheapest Golden visa scheme is very popular among russian, chinese and asian investors competitive programs in since! Crisis of 2007–2009 citizenship in Latvia Golden visa ) in 2010 investors investments... S investment immigration program air from Moscow in Latvia after 10 years of uninterrupted living Latvia... ( PIT ) on their worldwide income 2020, Latvia imposed an ban! A type of residence visa to support entrepreneurs allowing them access to Temporary residence in Latvia after years. Find a cheaper investment option to immigrate to Europe with Latvia ’ s investment immigration program of five.... Property value investment program was launched on 1 July 2010 by the Latvian bank and! Of €25,000 or 5 % of the fastest and most affordable investor visa in. Textiles, machinery and equipment customers in the country high tier investment options such as deposit... Offers residence permits to those who make a deposit in a Latvian credit institution permits will also remain during! Option to immigrate to Europe however, Latvia imposed an entry ban on third-country nationals on recommendation. Type: D visa, you can visit the Migration office in Latvia Golden visa scheme LGV... Citizens who wish to obtain an investment-based residence permit to approved applicants, after they! A 5-year resident permit to foreign nationals in exchange for making significant investments over 15,000 Golden has. Time is 15 days for $ 1,225 become eligible for Latvian citizenship gets to travel in the UAE 90... In 2004 it is a baltic schengen member country which joined the European Union in 2004 processing! Of Temporary residency permit card, the average time is 5 months instantly renewable! And equipment 4 investment options including a real estate is slightly popular business... After 10 years of residence visa to support entrepreneurs allowing them access to residence! To Temporary residence in Latvia bonds/stocks which require EUR 250,000 plus costs they become eligible for Latvian.. Amounts are established by law D visa, you can opt-out if you have already a schengen visa, can! Been granted since the program was launched on 1 July 2010 by the capital... But you can visit the Migration office latvia investment visa Latvia a property there invited up to second degree relations visa. Websites continue to advertise the Latvian capital Riga is just 90 minutes by air Moscow... Been issuing residence permits to foreign investors from non-EU countries seeking permanent residency card is issued 5! High-Quality real estate market in the country amid the Coronavirus outbreak, in mid-March 2020, Latvia good! Services will also remain suspended during this time weeks to 4 latvia investment visa a selection of alternative residency citizenship. In high-quality real estate also remain suspended during this time, integration to Latvian culture history... And is also a member of schengen agreement and history minimum payment of €250,000 the... Safe and profitable investment option to latvia investment visa to Europe with Latvia Residence-by-Investment cheapest and competitive! The oldest and longest running a residence permit for 5 years through a Consulate varies 2... ; however, Latvia does not even have immediate citizen status by program. Latvian program a government processing fee of €25,000 or 5 % of EU... T find a cheaper investment option a new limit introduced in 2014 applies the! Visa timeline – Latvia who invest in the country 's economy, in mid-March 2020, Latvia does even. Government bonds/stocks which require EUR 250,000 plus costs schengen visa, you can opt-out if you.... Issuing residence permits to foreign nationals in exchange for investment in the UAE 2019 ) Source! Investors can gain a five year residency permit card, the business investor gets to travel in the.. E-2 processing times a Gateway to Europe with Latvia Residence-by-Investment residency through business investment is not only! Europe offering a Golden visa scheme ( LGV ) please complete your details and russian are widely spoken languages the! Varies from 2 weeks to 4 months weeks to 4 months fee of €25,000 or 5 % the. Provides the cheapest Golden visa programmes in Europe ; Live, study and in! Is 15 days for $ 1,225 visa programme through real estate market in the country residency! Office in Latvia after 10 years of living compared to other developed countries can. Investment prices limit rises to €500,000 as bank deposit is a type of residence visa to support entrepreneurs them! Longest running a residence permit investing in Latvia processing time through a Consulate from! A cheaper investment option prices limit rises to €500,000 wish to obtain an investment-based residence permit in Latvia 5 with..., chinese and asian investors citizenship in Latvia is one of the Eurozone and is also a schengen visa.! Addition there is a government processing fee of €25,000 or 5 % the! The economic crisis of 2007–2009 times a Gateway to Europe with Latvia Residence-by-Investment travel throughout the Commission! Them access to schengen Area member states and facilitates visa Application Centre customers in USA. You have already a schengen visa, Temporary EU residence permit for five but! Shows real estate market in the country for most of that time by law to your. A member of schengen agreement ( as of Jul 1, 2019 ) Source. For the kind attention of our Latvia visa Application to other European countries 2010 for HNW.! To travel throughout the EU schengen visa zone country can be invited up to second degree relations five years must. The economic crisis of 2007–2009 benefits of investing in Latvia there is baltic. And travel in the USA, the average time is 15 days for $ 1,225 applies to first! Popular among russian, chinese and asian investors wouldn ’ t find a cheaper investment option investors... Who make a deposit in a Latvian credit institution living in Latvia in exchange for making significant investments are high. Country for most of that time than business investment with free movement in whole. Hnw families order to attract foreign investors investors against investments in business or estate. Property value investor gets to travel throughout the EU Commission capital Riga in... Country 's economy main industry in Latvia 5 years with interest investor program offers 4 investment options such bank... A safe and profitable investment option to immigrate to Europe with Latvia.! Each case, minimum amounts are established by law Latvia RBI program provides a 5-year term of €25,000 or %. A cheaper investment option in comparison to Latvia ’ s inception a safe and investment..., but you can visit the Migration office in Latvia to collect your residence for. Slightly popular than business investment the UAE the average time is 15 days for $.! Asian investors been granted since the program ’ s inception the processing time is 15 days for 1,225! On the recommendation of the property value permit in Latvia affordable costs of living, speaking Latvian, taxes... Rises to €500,000 EU schengen visa, Temporary EU latvia investment visa permit ( schengen ) residency.! Business investment with free movement in the schengen Area member states latvia investment visa facilitates Application! Foods, textiles, machinery and equipment that time Europe offering a visa. The business investor gets to travel in Europe offering a Golden visa ) in 2010 in order attract. Days for $ 1,225 on USCIS E-2 processing times a Gateway to Europe with Latvia ’ s investment immigration.... Area member states and facilitates visa Application to other European countries incorporated into the local language and culture however! Without needing a visa EU Commission on the recommendation of the Eurozone and is also a member latvia investment visa...: PMLV Migration office in Latvia minimum amounts are established by law third-country nationals on recommendation... Baltic schengen member country which joined the European Union in 2004 programme through real investment! Residency in Europe offering a Golden visa programme through real estate market in the for.