Malaysia My Second Home Program. Latvian residency gives you access to the entire Schengen area visa-free. Tag: buy property in latvia and get residency . As it refers to real estate, Latvia provides a good return on investment. (restrictions may apply) [1] Latvia: An investor in Real Estate may quickly receive a 5 year temporary residence permit. The bad news? Permanent residency leading to full citizenship can be achieved with just a minimum $80,000 USD investment to purchase at least 5 hectares of titled land in a government certified reforestation project. 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; You should keep your property as long as you want to keep the residence permit. If your budget is limited, simply invest in a trusted Latvian company, pay the fees, and get a European residence permit within three months. The administration fee includes all costs, no hidden costs at all. If Latvia is not for you, find other options, Get a Free evaluation for Latvia residence permit. You can now obtain EU residency within 4 months for an investment from only €150,000. This is a tiny nation. Ok. Latvia, officially the Republic of Latvia, is a country in the Baltic region of Northern Europe. You should pay a government fee, which is 5% of the property price. The naturalization application is much more involved than both the temporary and permanent resident applications. The connection to EU nations is also open. 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. Send us your passport copy and full CV and answer a questionary for eligibility check. Once the investment is made, fees are paid and your application is approved, you will get the visa. Permanent Residence for Spouse and Children. A minimum investment of EUR 50,000 is required to receive temporary residence permit (5 years) 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. Belgium: Investors that set up a company in Belgium, may apply for citizenship after three to seven years. The shareholders of Latvindia are the founders and the investors. Latvia’s residency by investment program has a €50,000 minimum investment requirement. Latvian (EU) Residency Program. Latvia is a beautiful country with its own unique identity, culture, traditions and customs. The residence permits issued by Latvia is valid in all EU schengen states. You should buy a property or properties for at least €250,000. The whole application process takes within 1-3 months. We can arrange everything if you want to rent out your property. There are many ways to obtain a residency permit to reside in Latvia. If you have funds to invest, but prefer more security than can be offered by a business investment, then a residence permit based on financial investment in a Latvian Bank might be the option for you. (View program details) 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. 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. Latvia is a Schengen Country that offers Residency by Investment. Property prices are steadily increasing in Latvia as you see in the first picture on the left. Visa free travel and living in Schengen area. It’s simple: buy real estate anywhere in Latvia and get a temporary residence permit good for five years. Five years permanent residency, renewable indefinitely. Latvia Residency: Property Investment. Apply now. First, by transferring €300,000 at a very bank branch of Latvia, you will get … Who are the owners of Latvindia? If you have funds to invest in a new or existing business in Latvia then a residence permit based on business investment might be an option for you. Company registration in the Commercial Register of Latvia, Company bank account opening in Latvian bank, Tax consultation for beginning of your business, Accountant services for first 3 months for the company, Booking of all services necessary for registration processes. Latvia’s property market remains very strong; prices are steadily increasing. Mahandru Associates expanded its operations from UAE to USA. Residence permit in Latvia based on business investment. lending money to a bank). 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. 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. You can send invitation letter to facilitate Schengen visa, See the official Latvian government website. We are going Back to Business as Usual !!! You should collect and legalise all the required documents (see above). You get full support through the whole process. It will become EURO 500,000 in case the 800 slots are already filled up. It used to be that you could purchase 100,000 Latvian lats (about $200,000) worth of property in Riga or any of the other main cities here and get a second residency. This is the most straightforward program. We guarantee that you will buy a good property at a real value. 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. Second residency in Latvia by purchasing real estate. Latvia has had such a program for a while, and the entry price is lower, at 140,000 euro in the capital and half that in the countryside. You should also pay an administration fee depending on your family size (€20,000 for a single and €25,000 for a family of 4). No border checks, here you come. You can rent out your real estate. In return, you receive a residence permit in Latvia. If you live in Latvia for 10 years, you can apply for citizenship, and you will be an EU citizen. Latvia offers residency by investment scheme through share capital investment. The Latvian real estate market is stable and prospering; prices are steadily increasing. 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. 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. Call Hijrah Advisors in Dubai Call Hijrah Advisors in Dubai info@hijrahadvisors.com +971 4 584 6572 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. One of the aims is owning a real estate in Latvia. Immigrant Investor Program There is a high demand of renting small properties in Riga. Invest EUR 250,000.00 in Real Estate of Latvia and obtain a Temporary Residence Card valid for 5 years. Latvia Golden Visa Program provides all the resident rights to the Investors and can be obtained by following ways; Latvia residence can be obtained by Business Incorporation under Latvia Business Immigration Program where the Investor will be appointed as a Board Member of the Company. Latvia offers residence permits to those who invest in the country. It has since become a popular program for those looking to relocate into an EU country. You can get a residence permit by purchasing real estate with certain conditions. Foreigners can get permanent resident status in Latvia by purchasing Residency bonds issued by Government for €250,000. by: Igors Krumins In Latvia Tagged buy property in latvia and get residency Leave a comment. Family members are included, meaning, spouse and children under the age of 18. Latvia is a country that provides different facilities for those seeking a residence permit. Since 2010, Latvia has been issuing residence permits to foreign nationals in exchange for investment in the country's economy. I am very much grateful! According to the Latvian migration and citizenship website, there are up to 30 aims for residence. There are three main investment options: Invest at least €50,000 in a small company of fewer than 50 employees and with a company turnover of less than €10 million. Maiden & Associates help South African passport holders and the South African families of EU nationals to gain residency in the EU through investment. The amendments to the Immigration Law allowed third-country national investors to obtain temporary residence permits after purchasing real estate in Latvia, investing into the equity capital of a capital company (i.e. File your application at a Latvian Embassy You may start your own Latvian business. Latvia Residency by Investment Programme. By investing €250,000 into real estate you will get a luxury property with high-end finishes and you’ll be eligible to apply for Latvia Temporary Residence. km, Language:                            Latvian, Population:                         81,400,000, Govt:                                     Unitary parliamentary constitutional republic. This means you will be able to travel anywhere in the free travel zone of Europe. After the foreign investor is approved for a temporary resident permit, the investor has the right to reside in Latvia for the duration of the permit (five years), obtain permits for the investor’s spouse and children, and freely travel and cross the borders of EU member states. The application process for residence takes 30–90 days. The Latvia residence by investment program was first introduced in 2010. Our director will guide you in an opening bank account, finding the best property and buying it. We prepare the application form and other governmental documents. Mahandru Associates has done an outstanding job in completing the application process. Latvian residency gives investors the ability to travel across the European Union visa-free. Travel to Latvia to buy a property You may invest at least 250,000 euro in Latvian property and pay the government fee. Originally, this country’s minimum real estate spend requirement … It may surprise you that Latvia is regarded as one of the most beautiful countries in the world. Living there is affordable; however, it is not at the expense of the quality. 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. In 2007 Latvia joined the Schengen Area, which brought significant benefits to its citizens and residents. After that the investment limit rises to €500,000. Permanent residency 1. Investors can gain a five year residency permit by investing €250,000 in property. 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 can have 5-years renewable residency permit, … In the fifth year, we will file the permanent residency application for him/her and family members. Applicant must hold a valid travel document. There are 3 options for obtaining investment residency in Latvia. With Latvia’s Residency permit card, the business investor gets to travel in the Schengen zone without needing a Visa. You will need to invest at least EURO 250,000 in a property and be one of the first 800 applicants. Or you can renew your temporary residence permit. Residence by Business Investment can be obtained by either; The first step in obtaining citizenship in Latvia is to obtain a temporary resident permit. After that, you must apply for an Investor visa at any embassy or consulate. Sign a contract with us and transfer the first instalment of the administration fee. Since its independence, Latvia has been referred to as one of the Baltic states. Buy €250,000 or more of Latvian government bonds. Finally, once the foreign investor has been a permanent Latvian resident for five years, the investor can apply for Latvian citizenship through a legal process called naturalization. Benefits of Investing in Latvia. Latvia is part of the Schengen zone of Europe, allowing you to travel freely throughout Europe without the need for a Schengen visa. 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. The second choice is an unmarried authorities bond, also with a minimal requirement of EUR 250,000. For a Confidential & Personalized, One-on-One Free Consultation. If, for whatever reason, you … Finally, you can invest in a financial institution bond for a minimum of EUR 280,000, and get interest on your investment. You and your family can live in a European country. Residency & Citizenship Application Procedure, Capital:                                 Riga, AREA:                                    64,589 sq. Direct Investment into a Latvian company. To invest in an enterprise’s equity capital, the foreign national must invest a minimum of 36,000 Euros and must pay a minimum of 28,600 Euros in the next year. In addition there is a government processing fee of €25,000 or 5% of the property value. Residency permits have to be renewed every year, except for those who have invested in government … 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. You should keep your property as long as you want to keep the residence permit. You have to visit the dedicated Latvian Embassy and file your application. If anything happens in your home country or you want to change your life, you have a safe second home to go there. After 5 years, you can resell your property or you can continue your residency. 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. Latvia offers residence permit to those who invest in the country. 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. Under the direct investment option, minimum investment required is € 50,000 with € 10,000 state fee and associated expenses. From May 2010 two new options (buying realty object or banking deposit) were introduced into Latvian legislation. Latvia introduced its golden visa programmein 2010. If you buy a property for €250,000, the government fee is €12,500. The second step in obtaining Latvian citizenship is for the foreign investor to become a permanent resident of the nation. Latvindia was founded by the directors of Residency Citizenship Program Limited. Following that, you must apply for a residence permit in Latvia. Residence-by-investment in Malaysia grants successful applicants and their dependents a 10-year multiple-entry visa. Latvia can also count on a skilled and relatively inexpensive workforce and a strategic geographical location, between the EU and CIS countries. People from outside the European Union who buy property in Latvia or invest in business will now receive EU residency rights. The good news? You have to buy the property first. You get a choice to remain and serve somewhere for existence after you have a permanent resident status in Latvia. The most popular way to obtain an investment-based residence permit is by purchasing property. Latvindia helps investors to move and settle down in Latvia; and supports the education of their children. 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. The investor can apply for permanent residence five years after becoming a temporary resident. 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