In addition there is a government processing fee of €25,000 or 5% of the property value. Latvia golden visa scheme was started in 2010 since then the scheme has become most popular golden visa scheme in Europe offering path to Latvia citizenship after 9 years of living. If the decision is positive, please apply for the 30-day Long Term D Visa. Permanent residency in Europe; Live, study and travel in Europe. After that the investment limit rises to €500,000. Some Russian websites continue to advertise the Latvian program. Obtain yourself a Visa, and fly to Latvia to pick up your residence permit! Latvia Golden Visa Latvia is a baltic schengen member country which joined the European Union in 2004 and the currency in Latvia is Euro. Other conditions include. If you do not have enough money or do not want to spend a lot, but you care about comfort and safety, the Republic of Latvia is worth considering. What is important, and plain as day, is that the investment immigration industry in Europe has grown immensely. The deposit term is 5 years. Latvia is a baltic EU member state. At the time of writing the homepage of Latio, one of the leading Latvian realtors, boasts around 1,300 advertisements which would allow buyers to qualify for a Golden Visa. Latvia opened golden visa scheme in June 2010 and is one of the oldest golden visa schemes in Europe. Latvia provides the cheapest investment option … Visa-free travel in Europe Latvia is part of the Schengen zone of Europe, allowing you to travel freely throughout Europe without the need for a Schengen visa. In Latvia the minimum investment in property for the “Golden Visa” residency program doubled, from 71.000 euros to 150.000 plus there is a new 25.000 euros fee. Besides that, there is a state budget contribution of €12 500 or 5% from the value of the transaction. Find out more about the Latvian golden residency programme, or contact us for a free consultation to discover your options to obtain a European Golden Visa. With Portugal’s Golden Visa Program becoming more inefficient by the minute, investors looking for EU residency have turned to Latvia. The country is also a member of schengen agreement. So, what do you need to do in order to start? The Latvian Golden Visa program is just a residency program, not a permanent residency one. €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. Term Deposit: You are required to invest EUR 280,000 as a subsidiary deposit. Just choose one of the many available investment options, if you meet the requirements of the law, we will take care for you the procedures of the Investor Visa without having to travel to Latvia. Thirdly, Latvia also has cheapest golden visa scheme but many clients do not find Latvia attractive as above countries. Latvia Golden Visa Latvia is a baltic schengen member country which joined the European Union in 2004. La Vida Golden Visas facilitates the acquisition of residency, immigration and citizenship through investment. Updated 2019. Family and children receive european residence. After arrival to the Republic of Latvia go personally to OCMA or to a regional division and receive a residence permit. About the Latvia Golden Visa Program Established in 2010, the Latvian residency by investment program has been massively popular among foreign investors and entrepreneurs seeking to establish a footprint in Schengen Europe. As of 2014, the scheme has significantly declined by 84% after Latvia tightened the scheme with new regulations. We'll assume you're ok with this, but you can opt-out if you wish. We will contact you as soon as possible. The new limit introduced in 2014 applies to the first 800 applicants. Investment Option (required) All dependent family members can apply for Latvia Residence Permit together with the … As of 2019, Portugal has … Vija Gailite, Latio’s head of sales, said t… It does, however, enable foreign nationals to gain residency by making an eligible business investment, which could also have a property component. The Latvian bank deposit is a safe and profitable investment option. In fact, 2019 was a record year, with various residence and citizenship programs bringing in €5.5 billion in the region. The golden visa scheme is very popular among russian, chinese and asian investors. Established in 2010, the Latvian residency by investment program has been massively popular among foreign investors and entrepreneurs seeking to establish a footprint in Schengen Europe. Latvia offers golden visa to foreign investors against investments in business or real estate in Latvia. Purchase a non-commercial Real Estate from €250,000, Secure investment in Government Bonds from €250,000. Latvia has cheap very affordable costs of living compared to other european countries. Latvian residents are liable for personal income tax (PIT) on their worldwide income. It is also issued to any family members accompanying with the investor. Europe Intel & Data It doesn’t matter what you call it: a Golden Visa, residence by investment, or an immigrant investor program. One of Europe’s oldest – dating back to 2010 – Latvia’s golden visa had its heyday in the years between 2012 and 2014. It is possible to apply for Latvia citizenship after 10 years of legal residence in Latvia. Dependants can include a spouse, minor children, financially dependent children and parents. This website uses cookies to improve your experience. Latvia has the oldest and longest running golden visa or residence by investment schemes in Europe for wealthy HNW families. Business Investment (€ 50,000+)Real Estates (€ 250,000+)Government Bonds (euro; 250,000+)I am not sure, Business Investment (€ 50,000+)Real Estates (€ 250,000+)Government Bonds (euro; 250,000+)I am not sure. Latvia golden visa. It is not applicable to citizens of the European Union since they enjoy the right of free movement and residence within the EU. Latvia investor visa from €50,000. Step 8 – Upon arrival to Latvia obtain residence permit . 93% of the program’s total FDI stems from before 2016. Latvia has extreme cold weather in winter and cool summers. Of the roughly EUR 1.5 billion the program has made since opening in 2010, EUR 1.4 billion entered prior to … Latvia offers Latvia Golden Visa program to foreigners that choose to invest in the local real estate, by purchasing a property for €250 000. So, what do you need to do in order to start? Our team of experienced immigration experts is truly dedicated to helping you and your family navigate the complex bureaucratic system. It is the cheapest immigrant investor program in the entire Europe. Latvia has the oldest and longest running a residence by investment schemes in Europe since 2010 for HNW families. Golden Visa Residency and Citizenship. Qualifying Investments. The investor is free to leave the country anytime and is not required to stay permanently in Latvia. It is one of the most affordable investor visa schemes in Europe. Invest €50,000 into Share Capital of an established company. It wasn’t that there weren’t enough properties to go around; Riga’s steeple-studded skyline is once again dotted with cranes. Visa free travel to schengen and other EU countries including Switzerland. Over 15,000 Golden Visas has been granted since the program’s inception. Latvia golden visa scheme initially launched in 2010 offered residency to foreign investors who invested in business, real estate or purchase of securities. There is a special program operating in the country to attract foreign investments – Latvia Golden Visa. For this, we have at your disposal a dedicated team that speaks multiple languages. The business investment and the government bonds are the most popular options for latvian golden visa scheme. Interest peaked five years ago, when Latvia approved golden visas for 2,400 main applicants and 3,200 dependents, raking in almost €900 million during the year. European property investment scheme; Very minimal residency requirements. If you want to become a resident of Latvia, then you can invest €500,000 in property, pay roughly €25,000 in processing fees, and fill out a couple of forms to get your five-year residence permit. Latvia Golden visa – investment in high-quality real estate. The currency is Euro. Latvia also limited the number of new residents in 800 a year, the amount of the investment rises to 500.000 euros in 2014. Save yourself the trips to Latvia! Latvia is a baltic schengen member country which joined the European Union in 2004 and the currency in Latvia is Euro. Bank Deposit Investment. Latvia has the oldest and longest running golden visa or residence by investment schemes in Europe for wealthy HNW families. We aim to be the undisputed leader in immigration law and with our personalized attention, responsiveness, open and honest communication, we’ve got you covered! We prepare all the required documents and help you and your family obtain a residence permit. Complete the contact form with your data. TRP grants an investor the right to work in Latvia*; TRP is also granted to an investor’s family members; TRP does not oblige an investor and members to reside permanently in Latvia; TRP is issued for a period of five years. There are 3 investment options offered as part of the Latvian Golden Visa program. You may deposit 280,000 EUR as a subordinate liability in a Latvian bank, and pay the government fee. 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