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General F.A.Q
Investors can obtain a Latvian residence permit for five years. This “golden visa” can then be extended or the holder can apply for permanent residence. Investors over 18 years old with legal income and no criminal record can apply for a residence permit. Investment options for a Latvian residence permit:
€50,000 investment in the authorized capital of a company;
€250,000 purchase of real estate;
€250,000 purchase of bonds;
€280,000 investment in the subordinated capital of credit institutions.
The Latvian bank deposit is a safe and profitable investment option. You may deposit 280,000 euro as a subordinate liability in a Latvian bank, and pay the government fee. In return, you receive a residence permit for 5 years. Your investment will be refunded after 5 years with interest.
Safe Investment
The bank deposit is always safe. The Latvian bank guarantees the repayment of your investment after 5 years.
Profitable Investment
You will get about 3% interest every year after your investment. The total profit will be about 40,000 - 50,000 euro after 5 years.
No Need for Yearly Renewal
Your residence permit and residence card are valid for 5 years. No need to visit Latvia every year to renew your cards.
Free travel in Europe
Latvia is part of the Schengen zone of Europe, allowing you to travel freely throughout Europe without the need for a Schengen visa.
LATVIA RESIDENCY: PROPERTY INVESTMENT
You may invest at least 250,000 euro in Latvian property and pay the government fee. In return, you receive a residence permit in Latvia. You should keep your property as long as you want to keep the residence permit. The Latvian real estate market is stable and prospering; prices are steadily increasing.
See the official Latvian government website.
Profitable investment
Latvia’s property market remains very strong; prices are steadily increasing. There is a high demand of renting small properties in Riga. The gross Rental Yield for such an appartment is 5.20%. We can arrange everything if you want to rent out your property.
Safe Investment
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.
Live in Europe
If anything happens in your home country or you want to change your life, you have a safe second home to go there. You and your family can live in a European country. You may start your own Latvian business.
Free travel in Europe
Latvia is part of the Schengen zone of Europe, allowing you to travel freely throughout Europe without the need for a Schengen visa.
Main Applicant
- Clear criminal record
- Enough money to invest
Spouse
- Marriage certificate
- Clear criminal record
Minor Children
- Dependent children below the age of 18
- Birth certificate
Adult Children
- Cannot be included
- You can send invitation letter to facilitate Schengen visa
Parents/Grandparents
- Cannot be included
- You can send invitation letter to facilitate Schengen visa
S-Baltic LV offers all legal services related to immigration and residency in Latvia and other EU countries. We help foreigners to get legal rights to reside in the country for the specific period of time based on the immigration visa.
You must have valid health insurance policy before applying for residence permit. We work with our client to develop and implement the perfect plan following all legal procedures that will help to get the applicable status. We are always ready to deliver all required legal and other services essential for making you able to stay Europe.
Our services include:
Immigration to Latvia
Immigration to EU states
Immigration to other Countries
Temporary Residency Permit (TRP)
Permanent Residency Permit (PRP)
Visa Applications
Legalization of Documents
Immigration Legal Support
Immigration Consultancy
Real Estate Advice
Investment Advice
Company Establishment
Evaluation
We help you to get the exact evaluation based on your needs, investment, documents and the required legal procedures. You just need to fill the form with accurate information and send to us. All information will be kept confidential and will not be shared by any third party.
Application
The application procedure varies with different immigration options. Depending on your information, we will help you by providing the precise service with high proficiency and efficiency. Just let us know what exact you are looking for. No hidden cost is included in our payment.
Documents for Residence Permit
The basic documents you will need for residence permit in Latvia are as follows:
Application form (to be reviewed by us prior submitting to the authorities)
Photo (to be attached with application form)
Police Certificate to verify that applicant has no criminal record
Residential Address Proof in Latvia
Bank Letter to confirm the sufficient amount in bank account for accommodation in Latvia
Investment Proof by the investor
Notarized copy of Marriage Certificate
Notarized copy of Birth Certificate
Payment of State Fee Proof for Residence Permit (to be paid at the Latvia Embassy or by Bank Card at the migration office). The State fees are:
EUR 142,29 (documents reviewed by migration office in 30 days)
EUR 284,57 (documents reviewed by migration office in 10 working days)
EUR 426,86 (documents reviewed by migration office in 5 working days)
When you are receiving Residence Permit – ID card, you need to present
Health insurance policy
Non-tuberculosis certificate from Latvian medical institution
Completion
We work closely with you to accomplish your permit process successfully. Fulfilling our client’s needs is our priority.
Please contact us with all required information and your requirements.
Other Questions
Here you will find detailed information regarding the procedure of applying for a residence permit in Latvia and the related mandatory payments as well as the time required to complete the official stages of the process.
Documents to be filed with the Latvian Embassy outside the Schengen area
The foreigner shall visit the Latvian Embassy abroad and shall present a valid travel document (passport, Identity Card) and shall file the following documents:
- a completed residence permit application form;
- a photograph;
- a confirmation of no criminal record;
Proof of subsistence/sufficient funds:
Income or funds of at least 430 EUR per month if the person does not plan to be employed in Latvia, although this can depend on your situation. As a practical matter, the person can provide a bank statement confirming existence of sufficient funds to cover the period until the next residence permit renewal.
- a document confirming the planned place of residence in the Republic of Latvia and the rights to stay there (lease agreement, ownership deed etc);
- a document confirming payment of the state fees.
Time to receive a decision
The time needed to obtain a residence permit in Latvia includes the period required to review the submitted documents which is 5 to 30 days depending on the amount paid in State fees:
- 100 EUR for the Office of Citizenship and Migration Affairs issues the decision within 30 days;
- 200 EUR for the Office of Citizenship and Migration Affairs issues the decision within 10 days
- 400 EUR for the Office of Citizenship and Migration Affairs issues the decision within 5 days.
If any additional information or verification of the foreign national is required, the process may be extended by up to 90 days.
The applicant has to visit Latvia to obtain the actual residence permit not later than three months after having his/her application approved.
After the foreigner's application for a residence permit has been approved, he/she has to present the following documents:
A valid travel document
A medical statement based on the results of a fluorography or x-ray examination by a Latvian medical institution proving that the foreigner does not suffer from tuberculosis in the active phase (must be obtained from a Latvian medical institution);
A document approving payment of the state fee for the residence permit card
The State fee for the residence permit card: 15 EUR
Re-registration/renewal of the residence permit for the following years
A temporary residence permit is issued for up to 5 years but after each year the person is obliged to re-register his/her residence permit. At the moment of registration the Office of Citizenship and Migration Affairs examines the grounds for residency as follows:
If the person has invested 100,000 EUR in the company`s share capital, he/she shall present:
- a document that taxes have been paid in amount of at least 100,000 EUR
- a document that during the first year of business activity since the issue of the residence permit, taxes have been paid in the amount of at least 8,300 EUR/month on average
- a document confirming the necessary means of subsistence
- a valid health insurance policy
in some cases it may be required to confirm that the company is a running business, paying taxes and employing people.
After you receive your Latvia long-stay national D visa, you need to register for one of the following temporary permits:
- A temporary residence permit for study purposes (student visa).
- A temporary residence permit for work purposes (work visa).
- A temporary residence permit for business purposes (business visa).
For business activities, a residence permit can be given to you if you are:
An official of the company
Shareholder of a company
An investor in Latvian property (holder of an investment visa or Golden visa)
Documents Required When Applying for a Temporary Residence in Latvia
Depending on the amount you have paid for the permit processing time, the waiting time is from 5 to 30 days. But, the processing time may be extended for up to 90 days for the following reasons:
If you are asked to submit additional documentation by mail.
If you are required to go through additional verification.
If you apply for your spouse or a minor child.