EN 
RU Residence permit in Latvia. The most affordable and efficient way.
Latvia is a country in Northern Europe with a developed and sustainable economy. High wages and living standards make the country attractive to many immigrants.
Latvia is a country in Northern Europe with a developed and sustainable economy. High wages and living standards make the country attractive to many immigrants.
– free movement in the countries of the Schengen area;
– there is no need to live in Latvia for a certain time of the year in order to extend the residence permit;
– short consideration of applications;
– loyal tax policy;
– wide use of the Russian language;
– transport links both with Russia and with the EU states.
The most reliable and affordable way to obtain a residence permit in Latvia is through an investment program. It was created in 2010 to eliminate the consequences of the economic crisis of 2007-2009.
The way to obtain a residence permit through investment is one of the most popular due to its speed. The status of a resident in this way is obtained on average within 1-3 months.
The right to reside in the country is issued for 5 years with the condition of renewing the resident card every year. It is not a must to be permanently in the country.
What conditions must be met in order to obtain a residence permit under the investment program?
Applicants are asked to choose one of the following methods:
1. Buying a property. In this case, there are two criteria. Either the purchased property costs from 250,000 euros. Or has an established cadastral value above 80,000 euros. Plus, payment of tax in the amount of 5% of the value of the property.
2. Investment of 280,000 euros in the bank's subordinated capital for a period of 5 years. Money cannot be withdrawn before the expiration of the contract. It is also necessary to pay a tax of 25,000 euros, which is charged once.
3. Investment in Latvian business in the amount of 50,000 euros. An additional condition is the company's annual tax payments of at least 40,000 euros. Plus, a tax of 10,000 euros, which is paid once.
4. Acquisition of shares in the amount of 250,000 euros and payment of a one-time tax of 38,000 euros.
Close relatives of the investor are also eligible to apply for a residence permit.
Close relatives of the investor are also eligible to apply for a residence permit.
To apply for permanent residence is required:
✔️living in Latvia for at least five years as a resident.
✔️ 4 out of 5 years staying directly in the country.
✔️ passing an exam that confirms knowledge of the basic level of the Latvian language and knowledge of the history of the state and the words of the national anthem.
Positive-Invest was founded in 2018. During its existence, more than 300 people received residence permits in the desired countries with our help. The company's experts will simplify the process of obtaining a residence permit, save your time and ensure a successful result with a 100% probability.
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We also provide personal consultations.