Latvia is one of Baltic States that enjoys both, wide beaches and dense forest on its landscape. It offers soothing sights for humanity and is one of the ideal places to migrate to. It is a peaceful place to live with family. It has launched Latvia Temporary Residency Program in 2010 to expand the possibilities for foreign nationals to establish themselves in Latvia, simultaneously enjoying the benefits that comes along. This temporary residence permit can be obtained by making investments into the Latvian economy.
Latvia is well-known for its beauty, cultural monuments, astonishing resorts and international festivals – a complete package in country that is also an ideal tourist destination.
There are three investment options under which an applicant can deem to be eligible to obtain Latvia Temporary Residency Permit:
Option 1: Invest in real estate
Option 2: Invest in Latvian Credit Institutions
Option 3: Invest in equity capital of an Enterprise
Other eligibility requirements are:
The processing time on the decision of the residency permit of Latvia is anywhere between 5 days to 30 days, which shall depend upon how sooner the applicant wants the decision to arrive and he/she will have to submit the fee accordingly –
For the main applicant:
For spouse –
For children (16 to 18 years of age) –
Children below 16 years of age are exempted from paying the state fees for processing of the application, except an accelerated decision is required.