What is Latvia investor residence permit €50,000?
This pathway is generally associated with investment into the share capital of a Latvian company. In practice, the investor must usually place €50,000 into a qualifying business and also meet additional state requirements. That often includes a separate government payment and proof that the company satisfies tax and operational thresholds.
A practical Golden visa Latvia checklist should include the investment amount, proof the Latvian company qualifies, corporate documents, bank confirmation of the investment, evidence of legal source of funds, passport copies, health insurance, and a clean criminal record certificate where required. You should also expect to prepare application forms, photos, proof of sufficient means, and payment receipts for government fees.
Investment in company
Investment of EUR 50,000 pay €10,000 state fee and legal fees depending on the applicant list.
In Latvia, investors may qualify for a temporary residence permit (TRP) by investing in the share capital of a Latvian company. The minimum required investment is €50,000, which must be made into the equity of an existing or newly established Latvian company that meets the criteria set by Latvian immigration law. To qualify, the company must employ fewer than 50 employees and have an annual turnover or balance sheet total of no more than €10 million. In addition to the investment, the investor is required to pay a one-time, non-refundable state fee of €10,000 to the Latvian government.
Investment in real estate
Value of which is
≥ €250 000
+State duty: 5%
of real estate value
If the person wants to obtain residence permit, through purchasing a real estate several several requirements must be fulfilled. It is mandatory that the real estate is bought in Latvia and the cost of object is not less not then Euro 250,000. The Government fee for issuance of residency permit is 5 % from the property price indicated in the purchase agreement. The real estate must be purchased only from a Latvian national or legal persons registered in Latvia, an EU citizen, or a person with a Latvian residence permit. The benefit of this form of investment is that the actual physical presence of the residence permit applicant in Latvia is not required. so you can freely travel and live within the European Union.
About Latvia
Latvia is a small but very unique country that is located in Northern Europe with population of 2 million people. The capital city Riga is the largest city in Latvia and in the Baltic States and home to one third of Latvia's population. Latvia is a member of the European Union, NATO United Nations, World Trade Organisation , Council of Europe, Organisation for Security and Co-operation in Europe, International Monetary Fund. Latvia is a country of rich history and cultural traditions, in 2014 Latvia`s capital city Riga was a European Capital of Culture. The cultural and historic heritage of Latvian architecture spans many centuries and the entire historical centre of Riga has been included in the UNESCO heritage site list.
Latvia is located at the crossroads of eastern and northern Europe, on the east coast of the Baltic Sea. Latvia is bordered by Lithuania to the south, Russia and Belarus to the east and Estonia to the north. Latvia has a maritime border with Sweden to the west.
Latvian Capital city Riga is geographically exclusively located at the center of Europe which allows reaching every European Union country very easy and convenient through Riga International Airport which is located only 20 minutes (9 km) drive away from the city center. Located in northeastern Europe Latvia is a perfect transit country between Western Europe and Asia, besides the flight time to other major European cities does not take more than 3 hours:
Riga - London (2.55 h)
Riga - Milan (2.45 h)
Riga - Berlin (1.40 h)
Riga - Stockholm (1.15 h)
Riga - Paris (2.30 h)
