RCP is a leading independent immigration service firm, offering the best residency and citizenship by investment options in Europe. The applicant must renounce their former citizenship in order to be granted Latvian citizenship, although some exceptions may apply. See the official Latvian government website. After your permit has been granted, you pay the government fee, the balance of the administration fee and receive your residence cards. Latvindia helps you to find a job, rent a flat, and find a school for your children. Pay a government fee of €10,000 AFTER the approval of your application. After arrival to the Republic of Latvia make an appointment and visit the OCMA in order to obtain the residence permit or to a regional division and receive a residence permit. 1. Immigration - Latvia, Lithuania, Estonia. One–three months from submission of the application to approval, The right to live, work, and study in Latvia. LatviaPlus has no chance for bankruptcy. Residence permit for the family You and your family can move and settle in Latvia, in a European country. Latvian residents are liable for personal income tax (PIT) on their worldwide income. SIA “Jurmala Invest” is giving consultancy services in Latvia for 15 years, Helping their custumers about: Registrar company, accountants, law services, choosing the right real estate investment, residence permits and more.. For additional information please refer to the homepage of OCMA. Click the Play button and play in full screen. Latvindia’s mission is to connect you to Europe and Latvia. Applicants may choose from one of the following options: The purchase of real estate of EUR 250,000, plus a one-time payment of 5% of the purchase price to the state budget. Once you have decided to start your Latvian business investment, you have to sign a contract with us and transfer the first instalment of the administration fee. We offer you 3 investment options with different benefits: Share capital investor residence permit 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. Approximately half of Latvia’s territory is covered by forests, offering many nature trails and parks. Safe investment with profit Will I be the owner of the company I invest? Some Russian websites continue to advertise the Latvian program. Neither would you be asked to attend an interview or prove your knowledge of the Latvian language. In return, you receive a residence permit for 5 years. What is the minimum investment (in euro)? Invest 50,000 euro in a Latvian company The Latvian real estate market is stable … Acquisition of a residence permit based on investment a Latvian bank is often a superior option for those who are looking to obtain a residence permit while ensuring a stable investment with a guaranteed return, rather than exposing themselves to the possible variable gains sometimes seen when investing … The Latvia Residence-by-Investment Program was launched on 1 July 2010 as an initiative to sustainably overcome the economic crisis of 2007– 2009. Latvia residence by investment program was launched in 2010 in order to attract foreign investors. The Latvia Immigrant Investor Program offers 4 investment options including a real estate investment option. In return, you receive a residence permit in Latvia. The cheapest investment for getting a European PR. FREE RENEWAL — Guaranteed refund of the invested 50,000 euro, with free yearly registration and a free renewal after 5 years. If you wish to apply for a residence permit in the Republic of Latvia, you can purchase a piece of functional real estate in Riga or Jurmala, or in Adazi, Babite, Baldone, Carnikava, Garkalne, Ikskile, Kekava, Marupe, Olaine, Ropazi, Salaspils or Stopini municipalities. It is possible to receive residence permit for up to 5 years in Latvia and for up to 1 year in Lithuania, that can be renewed at the end of this term. To qualify for a permanent residence permit, the candidate must have resided in the country for four years out of the five-year period and should have successfully passed the basic Latvian language test at Level A2. As Latvia is part of the Schengen zone of Europe, your residence card allows you to travel freely throughout Europe without the need for a Schengen visa. Yes, you get back your 50,000 euro investment after 5 years, or you can keep your investment for another 5 years. You and your family do not have to live in Europe prior to applying for Latvia residence permit. Requirements. A residence permit is needed if you want to stay in the Republic of Latvia or in Schengen area for more than 90 days in a six-month period. Personal income tax rate at 23 %. Support for education of your children in Latvia. EUR 50,000 non refundable Company Share Investment. Latvia work permit can be obtained from the Office of Citizenship and Migration Affairs on the basis of visas and residence permits. If you live in Latvia for 10 years, you can apply for citizenship, and you will be an EU citizen. Latvia Investor Residence Government Policy Every person that would like to stay in the Republic of Latvia for more than 90 days within a period of six months is required to obtain a temporary residence permit. If you live in Latvia for 5 years, you can apply for permanent residency (Latvia PR). There are three options for obtaining investment residency in Latvia. You and all of your family members, included in your application, should travel to Latvia to obtain the residence permit cards. According to the qualification requirements, foreign nationals may apply for a residence permit in Latvia through the purchase of real estate, or by making a subordinated loan (deposit) in one of the Latvian banks, or through the purchase of interest-free government bonds determined for special purpose. 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. 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. First of all, LatviaPlus is not the usual business venture. The program was launched on 1 July 2010 by the Latvian government as an initiative to sustainably overcome the economic crisis of 2007–2009. The investment of EUR 280,000 in the subordinated capital of a Latvian bank … You should collect and legalise all the required documents (see above). As we have received many requests to help immigration to Latvia, we created a project to facilitate the settlement of investors in Latvia. Its main activity is to treasure the funds of the investors. As a result, you may move to another EU country, you can live, study and work in that country, like Germany or Netherlands. If you invest in LatviaPlus you may get profit. Latvia has excellent English schools as well. Although the Latvian residence permit by employment or by Assuming board members position are other … 2. Upon processing, the Office shall issue a Letter of Invitation after which the investor is required to finalize the mandatory investment. It wasn’t that there weren’t enough properties to go around; Riga’s steeple-studded skyline is once again dotted with cranes. The new limit introduced in 2014 applies to the first 800 applicants. After a further 5 years of holding permanent residence, they become eligible for Latvian citizenship. You have book an appointment (we assist you) and visit the dedicated Latvian Embassy and file your application. Total Non-Refundable shared Capital Investment is around EUR 85000 to qualify for Temporary Residence Permit. Latvia Residency: Bank Deposit Investment. You may deposit 280,000 euro as a subordinate liability in a Latvian bank, and pay the government fee. The video is an edited version of a previous webinar. Latvia offers residence permits to those who invest in the country. Yes. The company issues the invitation letter, which is required at the application. Latvia Business Immigration Program . You miss the cheapest European residence permit, You should invest €50,000 in a Latvian company; we suggest. You can invest in our dedicated investment company called LatviaPlus. Since then, the programme has brought the country €1.5 billion, of which Latvia received €1.4 billion until July 2016. The program was launched in July 2010 by the Latvian government. Visa-free access to Europe’s Schengen Area, No minimum stay required to be eligible for the residence permit renewal, Excellent transport links with Russia and other EU member states, The purchase of real estate of EUR 250,000, plus a one-time payment of 5% of the purchase price to the state budget, The investment of EUR 280,000 in the subordinated capital of a Latvian bank for a period of five years, plus a one-time payment of EUR 25,000 to the state budget, The investment of EUR 50,000 in the equity capital of a Latvian company (provided that the company annually pays at least EUR 40,000 in taxes), plus a one-time payment of EUR 10,000 to the state budget, The purchase of special-purpose interest-free bonds at a nominal value of EUR 250,000, plus a one-time payment of EUR 38,000 to the state budget. Permanent residency Latvia is a baltic schengen member country which joined the European Union in 2004. There are several qualifying options to obtain a residence permit through the Latvia Residence-by-Investment Program. Foreign nationals may apply for a residence permit in Latvia through various options. PROFIT — Guaranteed refund of the invested 50,000 euro with a minimum yearly profit of 1,5%. 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. Will I get back my investment after 5 years? A leading independent immigration service firm, offering many nature trails and parks permit cards this indicates a decline investor. First, you will be a shareholder of the company ; we suggest to invest in a Latvian bank is. The subordinated capital of a Latvian bank deposit investment with different benefits: 1 to... 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