The Golden Visa is aimed at non-EU citizens who wish to obtain a residence permit in Latvia. Benefits of Latvian Golden Visa. 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. Since 2010 various amendments have been made on the golden visa law offering residence permits to foreign investors. In fact, 2019 was a record year, with various residence and citizenship programs bringing in €5.5 billion in the region. The TRP residence permit issued is a biometric card (replaces visa sticker) allows visa free travel to all 26 Schengen countries including Switzerland, Germany, France etc. Our Mission We specialize in obtaining residence permit through investment (commonly known as Golden Visa) for foreign nationals. Latvian residents are liable for personal income tax (PIT) on their worldwide income. There are 3 investment options offered as part of the Latvian Golden Visa program. As of 2014, the scheme has significantly declined by 84% after Latvia tightened the scheme with new regulations. Purchase a non-commercial Real Estate from €250,000, Secure investment in Government Bonds from €250,000. Bank Deposit Investment. Permanent residency in Europe; Live, study and travel in Europe. 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! 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. Some of the benefits of immigration to Latvia are. Latvia golden visa scheme was launched in 2010, since then it has remained the cheapest golden visa scheme in Europe. Investment Option (required) The deposit term is 5 years. Latvia residence as a key to Europe. Our team of experienced immigration experts is truly dedicated to helping you and your family navigate the complex bureaucratic system. 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. There is a special program operating in the country to attract foreign investments – Latvia Golden Visa. Latvia also offers permanent residence permits for investments in business, bonds/securities and real … Golden Visa Residency and Citizenship. Latvia has the cheapest golden visa schemes in Europe with investments starting from 50,000 euros, which is five times cheaper than greece and portugal. Law firm in Latvia offering consulting services in immigration, real estate, tax planning for High net worth (HNW) investors interested in Latvia. Personal income tax rate at 23 %. Latvia investor visa from €50,000. Invest €50,000 into Share Capital of an established company. All dependent family members can apply for Latvia Residence Permit together with the … Fast and simple way to get Temporary or permanent residence permit in Latvia in cheapest way After arrival to the Republic of Latvia go personally to OCMA or to a regional division and receive a residence permit. Latvia Investor Visa Program online. 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. With Portugal’s Golden Visa Program becoming more inefficient by the minute, investors looking for EU residency have turned to Latvia. La Vida Golden Visas facilitates the acquisition of residency, immigration and citizenship through investment. Latvia launched its golden visa programme in 2010. Save yourself the trips to Latvia! Latvia offers €250,000 real estate or bond option like Greece. In addition there is a government processing fee of €25,000 or 5% of the property value. European property investment scheme; Very minimal residency requirements. You have to visit Latvia while renewing the permit, takes 7-10 days. 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. So, if you’d like to obtain permanent residence, you must have actually (physically) resided in Latvia for at least four years out of five. So, what do you need to do in order to start? Latvia has the oldest and longest running golden visa or residence by investment schemes in Europe for wealthy HNW families. 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. Family and children receive european residence. October 29, 2018 October 29, 2018 latviaimmigration. Unlike Malta no financing option is available makes it expensive. Latvia is a baltic EU member state. Slovenia, on the other hand, doesn’t have a Golden Visa program per se. Latvia has extreme cold weather in winter and cool summers. Investment in Real Estate: You are required to make a real estate purchase in Latvia. Latvia provides the cheapest investment option … It is not applicable to citizens of the European Union since they enjoy the right of free movement and residence within the EU. We make what looks like an expensive and difficult option, affordable and complex free. Your family is included Your spouse and your minor children up to age 18 will also receive a Latvian residence permit. Other conditions include. The business investment and the government bonds are the most popular options for latvian golden visa scheme. After that the investment limit rises to €500,000. 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. Step 7 – Apply for D Visa. Requirements for Latvia Golden visa To be eligible the main applicant must be 18 and older. 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. 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. For this, we have at your disposal a dedicated team that speaks multiple languages. It doesn’t matter what you call it: a Golden Visa, residence by investment, or an immigrant investor program. Some Russian websites continue to advertise the Latvian program. Qualifying Investments. Europe Intel & Data Latvia launched golden visa scheme in 2010, since the start of the scheme foreigners invested some €1.5 billion euros in Latvia, according to the new official figures released by PMLV migration office of latvia The Latvian scheme is also the oldest golden visa scheme in Europe opened well before Portugal launched in 2012. Of the roughly EUR 1.5 billion the program has made since opening in 2010, EUR 1.4 billion entered prior to … What is important, and plain as day, is that the investment immigration industry in Europe has grown immensely. Over 15,000 Golden Visas has been granted since the program’s inception. If the decision is positive, please apply for the 30-day Long Term D Visa. Latvia also limited the number of new residents in 800 a year, the amount of the investment rises to 500.000 euros in 2014. 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. The currency is Euro. Investors can gain a five year residency permit by investing €250,000 in property. Latvia offers Latvia Golden Visa program to foreigners that choose to invest in the local real estate, by purchasing a property for €250 000. Latvia golden visa. © All right reserved - Latvia Immigration. Latvia. Latvia is one of the EU countries that grants its residence permit to foreign nationals that buy a property there. Bank Deposit Investment. We take care of all the procedures. Term Deposit: You are required to invest EUR 280,000 as a subsidiary deposit. Latvia has cheap very affordable costs of living compared to other european countries. Obtain yourself a Visa, and fly to Latvia to pick up your residence permit! 93% of the program’s total FDI stems from before 2016. Latvia opened golden visa scheme in June 2010 and is one of the oldest golden visa schemes in Europe. You may deposit 280,000 EUR as a subordinate liability in a Latvian bank, and pay the government fee. It is the cheapest immigrant investor program in the entire Europe. 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. The Latvian Golden Visa program is just a residency program, not a permanent residency one. The Investor, spouse and minor children, as well as dependants may apply for the residence permit valid for the period of 5 years. Latvia is a baltic schengen member country which joined the European Union in 2004 and the currency in Latvia is Euro. It is possible to apply for Latvia citizenship after 10 years of legal residence in Latvia. One of Europe’s oldest – dating back to 2010 – Latvia’s golden visa had its heyday in the years between 2012 and 2014. Updated 2019. In 2014,  a new limit introduced in 2014 to the first 800 applicants. LATVIA. Once first among its European equals, Latvia’s golden visa has languished since 2014. The qualifying limit for the golden visa in Latvia was doubled to €150,000 and that limit applies to just the first 800 visas each year. We will contact you as soon as possible. Latvia Golden Visa Latvia is a baltic schengen member country which joined the European Union in 2004 and the currency in Latvia is Euro. As of 2019, Portugal has … The golden visa scheme is very popular among russian, chinese and asian investors. We prepare all the required documents and help you and your family obtain a residence permit. There is also a one-time fee of EUR 25,000. Minimum Investment. Complete the contact form with your data. Dependants can include a spouse, minor children, financially dependent children and parents. Latvia introduced its golden visa scheme in 2010 against the purchase of property investment. So, what do you need to do in order to start? Latvia golden visa scheme initially launched in 2010 offered residency to foreign investors who invested in business, real estate or purchase of securities. Investors receive five year residence permits once the application is approved by migration office of latvia Latvia Golden Visa Latvia is a baltic schengen member country which joined the European Union in 2004. Latvia offers golden visa to foreign investors against investments in business or real estate in Latvia. This website uses cookies to improve your experience. Visa free travel to schengen and other EU countries including Switzerland. Non-EU investors will be issued TRP `temporary residence permit` with  renewal every or two years. The investor is free to leave the country anytime and is not required to stay permanently in Latvia. The country is also a member of schengen agreement. After a lapse of five years, the temporary residence permit (TRP) may be extended. Vija Gailite, Latio’s head of sales, said t… €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. The Protracted Demise of Latvia’s Golden Visa August 4, 2020 Christian Henrik Nesheim Once first among its European equals, Latvia’s golden visa has languished since 2014. Thirdly, Latvia also has cheapest golden visa scheme but many clients do not find Latvia attractive as above countries. Latvia has the oldest and longest running a residence by investment schemes in Europe since 2010 for HNW families. If the foreigner wants to apply for “permanent residence permit” after 5 years, he/she must have continuously stayed in Latvia for 4 years and 2 months for the past 5 years. It does, however, enable foreign nationals to gain residency by making an eligible business investment, which could also have a property component. Home Latvia Golden Visa. 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. 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. Latvia Immigration Investment. We specialize in obtaining residence permit through investment (commonly known as Golden Visa) for foreign nationals. The new limit introduced in 2014 applies to the first 800 applicants. Latvia Golden visa – investment in high-quality real estate. €80,000. It is one of the most affordable investor visa schemes in Europe. It is the cheapest immigrant investor program in the entire Europe. It is also issued to any family members accompanying with the investor. Step 8 – Upon arrival to Latvia obtain residence permit . Permanent residency for spouse and children, No requirement to live in Latvia (visit once a year), Qualify for permanent settlement in Europe. The scheme attracts Russians and others from baltic countries Latvia offers the cheapest and most affordable investor visa schemes in Europe. The Latvian bank deposit is a safe and profitable investment option. Besides that, there is a state budget contribution of €12 500 or 5% from the value of the transaction. Latvia introduced its golden visa programmein 2010. It wasn’t that there weren’t enough properties to go around; Riga’s steeple-studded skyline is once again dotted with cranes. For this, we have at your disposal a dedicated team that speaks multiple languages. 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