Travel all over Schengen. 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. We are going Back to Business as Usual !!! Since its independence, Latvia has been referred to as one of the Baltic states. You should collect and legalise all the required documents (see above). If, for whatever reason, you … Latvia is a beautiful country with its own unique identity, culture, traditions and customs. 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. In addition there is a government processing fee of €25,000 or 5% of the property value. 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; Send us your passport copy and full CV and answer a questionary for eligibility check. The administration fee includes all costs, no hidden costs at all. Our director will guide you in an opening bank account, finding the best property and buying it. Residency permits have to be renewed every year, except for those who have invested in government … You should buy a property or properties for at least €250,000. Permanent residency There are many ways to obtain a residency permit to reside in Latvia. 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. The Latvia residence by investment program was first introduced in 2010. The Latvian real estate market is stable and prospering; prices are steadily increasing. We guarantee that you will buy a good property at a real value. Subordinated Term depositor Bonds from EUR 280.000 Term 5 Years + € 25.000 to the state budget. Latvia is a country that provides different facilities for those seeking a residence permit. The Latvian real estate market is stable and prospering; prices are steadily increasing. The Latvia Immigrant Investor Program offers 4 investment options including a real estate investment option. The most popular way to obtain an investment-based residence permit is by purchasing property. If you live in Latvia for 10 years, you can apply for citizenship, and you will be an EU citizen. Mahandru Associates expanded its operations from UAE to USA. Family members are included, meaning, spouse and children under the age of 18. You may invest at least 250,000 euro in Latvian property and pay the government fee. As it refers to real estate, Latvia provides a good return on investment. There is a high demand of renting small properties in Riga. You should pay a government fee, which is 5% of the property price. Total Non-Refundable shared Capital Investment is around EUR 85000 to qualify for Temporary Residence Permit. (restrictions may apply) [1] Latvia: An investor in Real Estate may quickly receive a 5 year temporary residence permit. It may surprise you that Latvia is regarded as one of the most beautiful countries in the world. First, by transferring €300,000 at a very bank branch of Latvia, you will get … The good news? Latvia introduced its golden visa programmein 2010. Call Hijrah Advisors in Dubai Call Hijrah Advisors in Dubai info@hijrahadvisors.com +971 4 584 6572 You can get a residence permit by purchasing real estate with certain conditions. 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. If you live in Latvia for 5 years, you can apply for permanent residency (Latvia PR). (View program details) Benefits of Investing in Latvia. 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. The residence permits issued by Latvia is valid in all EU schengen states. Invest EUR 250,000.00 in Real Estate of Latvia and obtain a Temporary Residence Card valid for 5 years. Buying Property in Latvia and Getting Residency . 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). 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. Foreign investors may obtain these residence permits by investing in qualifying Latvian credit institutions or by investing a Latvian enterprise’s equity capital. I am very much grateful! 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. You and your family can live in a European country. You can now obtain EU residency within 4 months for an investment from only €150,000. 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. The naturalization application is much more involved than both the temporary and permanent resident applications. The new limit introduced in 2014 applies to the first 800 applicants. Apply now. Citizenship Visa free travel and living in Schengen area. The shareholders of Latvindia are the founders and the investors. lending money to a bank). Latvia is a Schengen Country that offers Residency by Investment. You get a choice to remain and serve somewhere for existence after you have a permanent resident status in Latvia. The gross Rental Yield for such an appartment is 5.20%. Latvia’s residency by investment program has a €50,000 minimum investment requirement. Following that, you must apply for a residence permit in Latvia. 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