LATVIA
Official Name: Republic of Latvia
Capital: Riga
Population: 2 million (20 lakhs)
3000 Freshwater lakes, 12,000 Rivers
Temperature: -10°C in Winter to
20 °C in Summer
Latvia joined as EU member country
since 1st May, 2004
Latvia became Schengen area member
since 21st December, 2007
BENEFITS OF RESIDENCY OF LATVIA(EUROPE)
-The most inexpensive option for European Residency.
-You can live and work (get a job) in Latvia with a moderate cost of living and your children entitled to European education (Free education in state schools).
-You can start a European business.
-It is one of the greenest countries in the world.
-Visa-free travel in Europe.
-Living in any Schengen country for 3 months in a 6 month period, is permitted.
-Your spouse and your minor children up to age 18 will also receive a Latvian residence permit.
-You may apply for a PR after 5 years of living in Latvia or apply for an EU Long Term Resident Permit
(https://www.pmlp.gov.lv/en/long-term-resident-status-european-community-latvia) which enable you to stay in any of the 28 EU country.
-TR/PR may lead to CITIZENSHIP after staying for 5 years under a PR or staying for 10 years under a TR.
INTERESTING FACTS:
-Latvia has 500 kms of coast and tons of beaches.
-Latvia is a wi-fi paradise. It has one of the world's fastest internet connections.
-Latvians drink 78 litres of beer per person, every year.
-Latvia's national game is ice hockey.
-54% of Latvia is forest. There are 4 national parks, 42 Nature parks, 260 Nature Reserves, 7 Protected Marine Areas, making it one of Europe's greenest countries.
-Latvia has converted a former prison into a hostel in Karosta, where you can opt for "a full prisoner experience" which involves full uniformed officers, verbal abuse and organized physical exercise.
INVEST ONLY €50,000
SHIFT TO LATVIA(EUROPE)
WITHIN 2-3 MONTHS
REAL ESTATE
-Purchase of real estate property worth €250,000 or more
(government fee €12,500 extra)
-€50,000 invested in the share capital of a existing or new company with less than 50 employees
(plus government fee of
€10,000 )
OR,
-€250,000 interest-free government bonds
(plus government fee €38,000)
OR,
-€280,000 subordinate liabilities toward a credit institution of the Republic of Latvia
(plus government fee €25,000)
OPTIONS
-Options that you may choose when an investment of
€50,000 is made in a Latvian company suggested by us:
-PROFIT: The Latvian company guarantees the return of
€50,000 after a period of 5 years with a guaranteed yearly profit of 1.5% p.a., which means you get €53,750 at the end of 5 years.
-FREE RENEWAL: Free yearly registration of residency permit and a free renewal after 5 years. Get back €50,000 after 5 years.
-LOAN: You may avail of a loan up to €40,000 after 3 months of moving into Latvia and refund of the balance €10,000 after 5 years.
-A completed residence permit application form
-3 Photographs
-Police Clearance Certificate for all applicants above 14 years of age.
-Bank statement of the last 3 months
-Document confirming payment of government fees
-Document confirming shares registered in the applicant's name by investing in the Latvian Company
-Health Insurance Policy
-Passport Copy of the applicant and dependents
-CV of the applicant
-Declaration of source of funds
-Notarized and apostilled copy of the Passport.
-Marriage Certificate
-Birth Certificate
INVESTMENT
(for five years only)
DOCUMENTS REQUIRED
Q : Will I be the owner of the company in which I invest?
A : Yes, you invest in the equity capital of the company, thus you will be shareholder of the company.
Q : Should I take part in the day to day management of the company?
A : Not required. The company shall send you annual reports
Q : Can I invest in my own company?
A : Yes you can but the annual taxes and expenses you would incur would be €40,000 every year.
Q : Within how many months does the applicant and the family members need to travel to Latvia after the resident permit has been approved?
A : 3 Months
Q : What is the period of absence allowed to qualify, after the first five years of stay in Latvia, while applying for the Latvian PR?
A : Six successive months or Ten months in total.
F.A.Q.
