Residence in Latvia
through investment in Real Estate/government
On 1 July, 2010 the Latvian Immigration Law came into effect, which allows foreign investors and their family members to obtain residence permit in Latvia.
Latvia, a small Baltic country has been an EU member since 2004, as well as a member of the Schengen Zone. Latvia's population is about 2 million, and since 2014 the national currency is the euro.
Untouched white sandy coastline, scores of rivers and lakes, as well as pine and birch forests are part of the experience. Latvia's capital city of Riga, known as Paris of the North, was last year’s European Capital of Culture. Latvia is also one of the top greenest countries in the world. Around 20 per cent of Latvia is protected. There are four national parks, 42 nature parks, 260 nature reserves, 355 nature monuments, seven protected marine areas, 24 micro reserves and a biosphere reserve. It topped the Environmental Performance Index in 2012.
You will find no difficulty to communicate in English with the Latvians.
Advantages of the Latvian Golden Visa Program:
Visa-free travel or living in European countries
You and your family will not only have the right to live in Latvia year-round, you will also be able to travel for an unlimited period of time in Schengen countries.
On grant of your five year residence permit, your spouse and dependent minor children can also receive their residence permits based on family unification procedure .
Temporary residency for the whole family
To keep your status as a resident, you only need to visit Latvia once in a year, which can easily be done over a vacation or business trip.
You only need to visit Latvia once in a year
Maintaining your investment and a registered address in Latvia will allow you to eventually receive permanent residency in 5 years and Latvian citizenship in 10 years (to receive citizenship you must pass a language test).
A chance to receive permanent residency and EU citizenship
This is one of the fastest residency programs in Europe and entails a Latvian work permit also. There is a possibility of obtaining permanent residency and EU citizenship too.
Who can participate in this program
All candidates must lack a criminal record, they cannot have violated Schengen visa or customs rules, they must not be barred from entry into the EU, and they must not be subject to an inquiry in the Schengen integrated information system.
Conditions for participating in the Latvia Golden Visa program
Documents you will need
Proof of address of permanent residency in your country of citizenship
Attestation that you have no criminal record in your country of citizenship, as well as in any countries you have lived in for at least one year in the last 5 years
Proof of medical insurance
For family members’ applications
A passport for all members of the family
Marriage certificate and children’s birth certificates
Proof that the family has a registered address in Latvia
Prices of our services
5 year residence permit for the investor - 20,000 euro
Residence permit for each member of the main applicant’s family - 5,000 euro
The price of our Latvian Golden Visa package includes:
Consultation on all possibilities and finer details of participating in the Latvian Golden Visa program
Drawing up a power of attorney
Providing all necessary document translation & legalization services
Opening a bank account in Latvia
Providing contact with financial representation services
Providing our escrow account and related services (if necessary)
Property Search, Purchase (with maximum ROI) & Legal Assistance
Analysis and check of all documents relating to real estate ownership
Preparation of a reservation agreement
Registration of real estate ownership rights at the Land Registry Office and financial authorities
Representation of owner’s interests to public utilities (electricity, gas, water)
Preparation and submission of documents for temporary residency under the Golden Visa program
Accompanying your case for 5 years
Extension of resident status under the Golden Visa program
Support in obtaining Latvian citizenship
Do you want to obtain residency in Latvia under the Golden Visa program?
Get in touch with Novalife!
No hidden fees
Support up to & after receiving residence
Assurance of your residence permit
Get Detailed Information
From an Expert at Novalife
THE MAIN INVESTOR
CHILDREN UNDER THE AGE OF 18
Real Estate Option
Under this option, an investor must purchase one or maximum two items of real estate as a residential housing, commercial building or a vacant piece of land of a total minimum value of 250,000 euros and pay an additional government fee of 5%. You can benefit from subletting the property and earn a rental income.
To avail residency under this option, you will need to invest 250,000 euros in interest-free bonds, issued and backed by Latvian Government, holding the investment for 5 years. An additional government fee of 38,000 Euro is also applicable.
This mode to obtain residency, requires an investor to deposit 280,000 euros in a Government recognized credit institution, locking the investment for a period of 5 years. An additional government fee of 25,000 Euro also needs to be paid. You can benefit from receiving a return of around 3% yearly on the deposits.