Residence Permit in Latvia
Law office INLAT PLUS offers assistance in obtaining residence permits in Latvia.
According to the valid immigration laws of the Republic of Latvia there are following grounds for a foreign investor to obtain a temporary residence permit in Latvia for a term up to 5 five years:
1. If a foreigner has invested at least 25000 LVL (35 572 EUR) into the equity capital of a capital company and within the economic year the company has paid taxes to the state and local government budget in the amount of at least 20000 LVL (28 458 EUR).
2. If a foreigner has carried out financial investments to a credit institution of Latvia in amount of at least LVL 200 000 (284 576 EUR) in the form of subordinated capital of a credit institution (subordinated debt or subordinated debentures).
3. If a foreigner has obtained one or more immovable properties in Riga, Riga planning region or other cities the value of which shall be at least LVL 100 000 (142 288 EUR), or one or more immovable properties outside Riga, Riga planning region or other cities the value of which shall be at least LVL 50 000 (71 144 EUR).
Territory of the region includes Riga, Jurmala, previous regions of Riga, Tukums, Ogre and Limbazi. Upon obtaining a temporary residence permit in Latvia, members of the investor’s family (spouse and minor children) will also be entitled to a temporary residence permit in Latvia.
It is also possible to obtain a residence permit in Latvia based on other grounds.
For the choice of investors Law office INLAT PLUS offers different banks in Latvia and provides full legal support both in relation to performing investments and obtaining residence permits in accordance with the valid legislation of the Republic of Latvia.
Residence permit obtained in Latvia offers the possibility to travel freely within Schengen Area.