Latvia offers several permanent residency options. As it is a signatory member of the Schengen Treaty and as the criteria is not too stringent, nor excessively expensive, it provides for one of the most attractive alternatives in the European Union!
Latvian Temporary Residency is for a period of five years, after which, having met the conditions, Permanent Residency may be granted and thereafter (after 10 years), citizenship.
- EU Schengen member State.
- Visa free travel to Schengen and other EU states.
- Alternative Investment options; Corporate Investment and Real Estate Investment.
- Quality of life and low living costs.
Corporate Business Investment Package
Temporary Residency obtained in Latvia by way of company investment (Applicant/investor to invest in a Latvian company) to qualify for Temporary Residence Permit – TRP. The Process to obtain a TRP is estimated at two to three months, from application.
The Corporate Business Investment Option is a special immigration option suited for applicants who cannot stay in Latvia for the duration of the entire term of residency. Permanent Residency (PRP) can be obtained after the Five year Term.
Real Estate Investment Package>
(EUR 290,000 – including 5% state fee and costs)
Purchasing real estate in the Latvia entitles the Applicant to receive a Temporary residence permit (TRP) which is valid for five years. The total investment cost will amount to circa EUR 290,000
Note: It is only possible to apply for Permanent Residency in Latvia, after 5 years of holding Temporary Residence Permit (TRP)
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