The country is economically and also socially highly developed, and almost everybody speaks English. The shareholders of Latvindia are the founders and the investors. You have to buy the property first. No border checks, here you come. This Business Immigration Program doesn’t require the Investor physical stay in the country and Permanent Residence permit (PRP) after 5 years of living in Latvia. This means you will be able to travel anywhere in the free travel zone of Europe. This is a tiny nation. You should pay a government fee, which is 5% of the property price. Latvia is also a Schengen member country which joined the European Union in 2004. Business companies – 50000 EUR + 10000 EUR State budget payment, Real Estate – 250000 EUR + 5% State budget payment of the real estate total value, Bank deposit – 280000 EUR + 20000 EUR State budget payment, Government obligations – 250000 EUR + 38000 State budget payment. The good news? The whole application process takes within 1-3 months. You can have 5-years renewable residency permit, … Subordinated Term depositor Bonds from EUR 280.000 Term 5 Years + € 25.000 to the state budget. 1. Benefits of Investing in Latvia. Latvia, a small Baltic country with a full EU and Schengen zone membership, offers an uncomplicated investment residency program for yourself and your family. Property prices are steadily increasing in Latvia as you see in the first picture on the left. I and my family are delighted to get a new passport and nationality, that would be helpful for my usual travel around the world and for higher education of the kids. If Latvia is not for you, find other options, Get a Free evaluation for Latvia residence permit. We guarantee that you will buy a good property at a real value. Residence by Business Investment can be obtained by either; The first step in obtaining citizenship in Latvia is to obtain a temporary resident permit. 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 can arrange everything if you want to rent out your property. Mahandru Associates has done an outstanding job in completing the application process. If, for whatever reason, you … RCP is a leading independent immigration service firm, offering the best residency and citizenship by investment options in Europe. After 5 years, you can resell your property or you can continue your residency. Residence-by-investment in Malaysia grants successful applicants and their dependents a 10-year multiple-entry visa. 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. Latvia is a country that provides different facilities for those seeking a residence permit. From May 2010 two new options (buying realty object or banking deposit) were introduced into Latvian legislation. For a Confidential & Personalized, One-on-One Free Consultation. Engage us There is a high demand of renting small properties in Riga. File your application at a Latvian Embassy Residency & Citizenship Application Procedure, Capital: Riga, AREA: 64,589 sq. Immigrant Investor Program We are going Back to Business as Usual !!! As it refers to real estate, Latvia provides a good return on investment. A project of Mahandru Associates & YISolutions.com | Residency & Citizenship by Investment Consultancy, 13800 Coppermine Rd, Herndon, VA 20171, USA, ul.Poznańska 7/2, 00-680 Warszawa, Poland, A-6 Kehkeshan Square Block-5 Clifton, Karachi, Pakistan. You can send invitation letter to facilitate Schengen visa, See the official Latvian government website. Once the investment is made, fees are paid and your application is approved, you will get the visa. First, by transferring €300,000 at a very bank branch of Latvia, you will get … Latviaâs property market remains very strong; prices are steadily increasing. Following that, you must apply for a residence permit in Latvia. Latvia Residency by Investment Programme. You can rent out your real estate. In the fifth year, we will file the permanent residency application for him/her and family members. 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. Invest EUR 250,000.00 in Real Estate of Latvia and obtain a Temporary Residence Card valid for 5 years. You may start your own Latvian business. The gross Rental Yield for such an appartment is 5.20%. Latvindia helps investors to move and settle down in Latvia; and supports the education of their children. We prepare the application form and other governmental documents. Travel to Latvia to buy a property There are 3 options for obtaining investment residency in Latvia. Latvian residency gives you access to the entire Schengen area visa-free. The most popular way to obtain an investment-based residence permit is by purchasing property. Our director will guide you in an opening bank account, finding the best property and buying it. ... Colombia also has an invest-in-property-and-get-residency visa. Applicant is able to provide proof of at least €14,000 of funds, €5,000 for a spouse and €3,000 for each dependent child. Latvia was once touted as the best and easiest place in the EU to qualify for residency. Apply now. km, Language: Latvian, Population: 81,400,000, Govt: Unitary parliamentary constitutional republic. After your permit has been granted, you pay the government fee and the balance of the administration fee and receive your residence cards. The second step in obtaining Latvian citizenship is for the foreign investor to become a permanent resident of the nation. Latvia is a Schengen Country that offers Residency by Investment. If anything happens in your home country or you want to change your life, you have a safe second home to go there. Your spouse and children up to the age of 18 years old can also become eligible for residency under the program, as long as they are unmarried and that you can provide proof that they are living with you. Total Non-Refundable shared Capital Investment is around EUR 85000 to qualify for Temporary Residence Permit. See the official Latvian government website. Mahandru Associates is a multinational conglomerate, with global reach and business roots stretching back half a decade, engaged relentlessly in providing a constant advisory and management service regarding Permanent Residence & Citizenship by Investment programs for multiple destinations across globe to the High Net Worth Individuals. Latvian residency is especially attractive as it provides visa-free access to Schengen Area member states and facilitates visa application to other developed countries. You should keep your property as long as you want to keep the residence permit. The application process for residence takes 30–90 days. Due to the revolutionary amendments to immigration law Latvia offers the opportunity to become resident in a Schengen Area member country with minimal bureaucratic requirements. Latvia’s residency by investment program has a €50,000 minimum investment requirement. Under the direct investment option, minimum investment required is € 50,000 with € 10,000 state fee and associated expenses. Originally, this country’s minimum real estate spend requirement … If you live in Latvia for 10 years, you can apply for citizenship, and you will be an EU citizen. You and your family can live in a European country. Maiden & Associates help South African passport holders and the South African families of EU nationals to gain residency in the EU through investment. You and all of your family members, included in your application, should travel to Latvia to obtain the residence permit cards. In return, you receive a residence permit in Latvia. You may invest at least 250,000 euro in Latvian property and pay the government fee. Latvia offers residence permits to those who invest in the country. Latvindia was founded by the directors of Residency Citizenship Program Limited. Visa free travel and living in Schengen area. Buying Property in Latvia and Getting Residency . In 2007 Latvia joined the Schengen Area, which brought significant benefits to its citizens and residents. 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. You have to visit the dedicated Latvian Embassy and file your application. Direct Investment into a Latvian company. Since 2010, Latvia has been issuing residence permits to foreign nationals in exchange for investment in the country's economy. Latvia introduced its golden visa programmein 2010. Send us your passport copy and full CV and answer a questionary for eligibility check. You get a choice to remain and serve somewhere for existence after you have a permanent resident status in Latvia. limited liability or joint stock company), establishing a new capital company or investing in subordinate obligations with a Latvian credit institution (i.e. By continuing to browse the site, we'll assume that it is consented. Permanent residency You get full support through the whole process. Tag: buy property in latvia and get residency . There are many ways to obtain a residency permit to reside in Latvia. You should keep your property as long as you want to keep the residence permit. Invest EUR 250,000.00 in Real Estate of Latvia and obtain a Temporary Residence Card valid for 5 years. Foreign investors may obtain these residence permits by investing in qualifying Latvian credit institutions or by investing a Latvian enterprise’s equity capital. Even when it was taking a little bit longer than expected, they took it upon themselves to constantly follow up and update me on the progress. After that the investment limit rises to €500,000. You should buy a property or properties for at least €250,000. Buy €250,000 or more of Latvian government bonds. We can guarantee at least 3-5% yearly profit on your investment. The Latvian real estate market is stable and prospering; prices are steadily increasing. Family members are included, meaning, spouse and children under the age of 18. As the procedure involves a significant investment and a lot of paperwork, I really recommend a consultant like Mahandru Associates to take on the responsibility of getting the job done and in an efficient manner as well. 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. Acquisition of a residence permit based on business investment is most suitable for those who wish to establish or develop their business within the European Union, while taking advantage of the benefits of having legal residency within the EU - with all the convenience that it brings in terms of travel. Invest in Real Estate and get your Residence permit in Latvia through the Residency Program. According to the Latvian migration and citizenship website, there are up to 30 aims for residence. Latvia offers residence permit to those who invest in the country. Latvia is renowned for its favorable business conduct and low tax rates in Northern Europe. Collect the documents lending money to a bank). You can now obtain EU residency within 4 months for an investment from only €150,000. This is the most straightforward program. Ok. Latvia, officially the Republic of Latvia, is a country in the Baltic region of Northern Europe. Permanent Residence for Spouse and Children. 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; by: Igors Krumins In Latvia Tagged buy property in latvia and get residency Leave a comment. Who are the owners of Latvindia? Latvian residency gives investors the ability to travel across the European Union visa-free. Mahandru Associates expanded its operations from UAE to USA. The investor can apply for permanent residence five years after becoming a temporary resident. One of the aims is owning a real estate in Latvia. First, you can purchase real estate in Latvia for at least EUR 250,000. Latvia has a credit rating of A+ and offers an option to invest in the government bonds, which makes this route one of the safest solutions on the immigration market. 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