Latvia Immigration Investor Program

Latvia can be taken into consideration as a fine immigration destination for those

who are looking for the best destination for their business expansion. Being a member of European Union, the Republic of Latvia achieved a milestone on the way of industrialization and witnessed great progress in its economy with wonderful GDP growth rate. Today, the country is fully capable of offering adequate employment opportunity for its citizens and lets them improve their life style. The Latvia Immigration Investor Program, a great step by Latvian government to enhance the industrialization program, aimed to captivate foreign investors and businessman.

The least densely populated country in Europe shows its full commitment to accommodate foreign investors by offering all the required facilities and also encourages them to invest in real estate sector due to cheap real estate pricing and reasonable living cost. The Latvia Immigration investor Program is meant to provide an opportunity to foreign investors to offer their contribution to boost the economy of the country and get lots of advantages in return of their contribution. Besides, it allows an investor to enjoy the privilege of permanent residence permits that includes several rights.

The important highlights of Latvia immigration can be explained in terms of affordable living cost, political stability, low tax benefits and lots more. The potential investors have genuine reason to access the land of Latvia, provides great value for money. The country has recently reviewed its immigration investor program and introduced some amendments to welcome more investors from all parts of the world. The Latvia residence permits includes the validity for 5 years term with annual renewal and allows an investor to live in the country and enjoy travelling in the Schengen area.

Latvia, also famous as a Baltic state, entices investors to invest in real estate sector. The country is known for having booming real estate sector. An investor needs to satisfy the criteria of minimum investment of EUR 150000 in Riga and several other major cities, and with minimum investment of EUR 72000 in other lesser known regions in the country. Once you get the temporary residence permit, you will be allowed to find better jobs and access all the European countries frequently. Moreover, the immigration investor program does not require any kind of bond from investors and they get right to leave the country anytime.

Latvia offers freedom to a foreigner to apply for Latvia citizenship even after 10 years, but it does not permit dual citizenship. If you are an investor and keen to make your horizon wide, Latvia will be the great place for you. However, an applicant needs to fulfill certain conditions to grab an approved residency visa. Such requirements have been listed below;

1) The applicants must be able to invest a subsidiary deposit of minimum EUR 300,000 (LVL 2, 00, 000) into Latvia for 5 years.

2) The applicants must be able to invest in real estate sector; the value of property certainly depends on area, in which you purchase the real estate. In case of Riga, the estimated property value is EUR 143,000 (LVL 100,000). In other areas, an applicant needs to purchase the real estate with a minimum value of EUR 72,000 (LVL 50,000).

3) The applicants must be able to invest at least EUR 36,000 (LVL 25,000) in corporate sector in Latvia.

by: Abhinav

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