Residency By Investment - EUROPE

PORTUGAL SPAIN GREECE MALTA GERMANY CYPRUS HUNGARY LATVIA FINLAND NORWAY

LATVIA

Latvia officially known as the Republic of Latvia, is a country in the Baltic region of Northern Europe. It is one of the Baltic States; and is bordered by Estonia to the north, Lithuania to the south, Russia to the east, Belarus to the southeast, and shares a maritime border with Sweden to the west. Latvia is a developed country, with a high-income advanced economy; ranking very high in the Human Development Index. It performs favorably in measurements of civil liberties, press freedom, internet freedom, democratic governance, living standards, and peacefulness.

Latvia is a member of the European Union, Eurozone, NATO, the Council of Europe, the United Nations, the Council of the Baltic Sea States, the International Monetary Fund, the Nordic-Baltic Eight, the Nordic Investment Bank, the Organization for Economic Co-operation and Development, the Organization for Security and Co-operation in Europe, and the World Trade Organization.

Capital
RIGA
Population
1,907,675 (2020 ESTIMATE)
Currency
Euro
GDP (PPP)
USD 63.539 billion (2021)

The documents to be submitted if you wish to obtain a residence permit in the Republic of Latvia as a person who has invested in the share capital of a company for the purpose of increase thereof or who has invested in the share capital of a company upon founding of a new business company, and has paid EUR 10 000 into the State budget:

  1. such investment is at least EUR 50 000 and is made in a business company with the number of employees not exceeding 50, such company’s annual turnover or annual balance does not exceed EUR 10 million. Upon investing in the equity capital of one capital company, a temporary residence permit shall be issued to no more than 10 foreigners, if each of them has made the investment laid down in this paragraph and paid EUR 10 000 into the State budget;
  2. such investment is at least EUR 100 000 and is made in a business company with the number of employees exceeding 50 and such company’s annual turnover or annual balance exceeds EUR 10 million.
  3. the investment is at least EUR 100 000 and it has been performed in the equity capital of a capital company, which together with one or several subsidiaries registered in the Republic of Latvia employs more than 50 employees and total annual turnover or annual balance thereof exceed EUR 10 million:

You shall present a valid travel document admitted in the Republic of Latvia and submit the following documents:

  • A definite sample form for a residence permit request;
  • A photography;
  • A document certifying the necessary subsistence (the required subsistence is 500 euros per month. If family members come with you, the required subsistence is 500 euros per month for an adult and 150 euros per month for a minor.)
  • A document confirming the state duty payment.

Before the submission of the documents your inviter shall approve the invitation letter at the Office of Citizenship and Migration Affairs.

If you are accompanied by your minor child or a child under maintenance you shall submit all the above mentioned documents about him/her (except the marriage approving document), as well as the relationship confirming document and a permission of the other parent to reside in the Republic of Latvia notarially approved or signed in the presence of an officer of the administrative body or representation.

If a foreigner should make payment of EUR 10 000 into the State budget, the bank details will be specified in the decision to issue a temporary residence permit.

Share

Watch our video

Skilled Immigration
M-J Global Team can help turn your dream into reality.Our team of Immigration Consultants can help you
Business Immigration
M-J Global team assisting various applicants for visit visa. As we do everythingwe can to ensure the achievement...
Visit Visa
M-J Global team assisting various applicants for visit visa. As we do everything we can to ensure the...
Student
M-J Global Team- ``Your Education advisors`` Excited by the idea of studying Internationally...

Follow M-J Global

Frequently Read Topics
Why Study in Canada?
There are many reasons why more than 400,000 International Students chose to live and stud ... Read More
Why Did Canada Launch Express Entry?
Canada launched Express Entry in 2015 in order to move from a "first-come, first-served" i ... Read More
Who Qualifies for Canadian Permanent Residence/Skilled Worker Immigration?
On January 1, 2015, the Government of Canada implemented the Express Entry Immigration sys ... Read More
What is an Electronic Travel Authorization?
Foreign nationals from visa-exempt countries arriving in Canada by air are required to obt ... Read More
The Express Entry Job Bank
The Express Entry Job Bank is an online job site created by Employment and Social Developm ... Read More
Express Entry Candidate Pool
Once the Canadian government considers an applicant’s online Express Entry profile to be ... Read More
Study in Canada: Work After Graduation
There are many options available to you after you have completed your study in Canada prog ... Read More
Study in Canada: Internships and Co-Op Programs
If you’re looking to gain valuable international work experience while you attend school ... Read More
Requirements for the Federal Skilled Worker Program
In order to apply for skilled immigration under the Federal Skilled Worker program, an app ... Read More
Open Work permit in Canada – Work in Canada
An open work permit allows a foreign national to work for any Canadian employer he/she wan ... Read More
Nova Scotia ‘Study and Stay’
The Nova Scotia Study and Stay program specifically targets international students from Ch ... Read More
Labour Market Impact Assessments (LMIAs)
An LMIA is a document that an employer in Canada needs to obtain before hiring most types ... Read More
Invitations to Apply for Permanent Residence (ITAs)
Applicants who receive an Invitation to Apply (ITA) will become eligible to apply for perm ... Read More
Canada Inadmissibility for Individual Criminality: Definitions
Here you will find a description of the kinds of behaviour that can cause a person to be ... Read More
Federal Skilled Worker Program Eligible Occupations
Under Express Entry, Federal Skilled Workers across 347 eligible occupations who meet mini ... Read More
Express Entry Job Offer
While possessing a job offer is not mandatory for those seeking to immigrate using the Exp ... Read More
The Express Entry Candidate Pool
Once the Canadian government considers an applicant’s online Express Entry profile to be ... Read More
Eight Things to Know About Canada’s Start-Up Visa Program
Canada’s Start-Up Visa Program offers Canadian permanent residence to qualified immigran ... Read More
Comprehensive Ranking System (CRS)
All the skilled immigration applicants that are eligible for the Express Entry System will ... Read More
Citizenship Language Requirement
Applicants for citizenship between the ages of 18-54 must provide evidence of their knowle ... Read More
Canada Visit/Tourist Visa
A visitor is a person who wants to come to Canada to work, study or visit. A visitor is no ... Read More
Canada To End Special Temporary Foreign Worker Program Processing For Owner/Operators
Canada immigration authorities are moving to abolish the special Temporary Foreign Worker ... Read More
Buy a Business and Move to Canada Immigration Program
Canada immigration authorities have abolished the special Temporary Foreign Worker Program ... Read More
Skilled Indians have a 90 year wait for green cards, the Jumpstart Bill seeks to resolve this The US attempts to clear backlogs for the 'green card' visa for immigrant residents, especially Indians. Currently, the green card eligible Indian Immigrants in the US are waiting for an available VISA number can apply for it by paying a fee.
Record-Breaking job vacancies in Q4, Canada looking to fill 920,000 jobs The number of jobs in Canada are incomparable to the pre-COVID job requirements, and employers find it challenging to choose employees who fit incorrectly in multiple sectors.
Quebec to offer open work permits to immigration candidates with Quebec selection certificates While waiting for the decision about the permanent residency from Ottawa, the skilled foreign workers with Quebec Selection Certificates Quebec are free to work with the given work permits provided in the next few weeks.
No second chance for students who got refusal in the first interview Donald L Heflin, the Minister Counsellor, has announced in a live chat on Facebook regarding the non-immigrant visas. Heflin talked about the F-1 student visas from India. The minister said that there is a good chance for the approval of the F-1 student visa this year.

Get in touch

Would you like to speak to one of our immigration expert over the phone? Just submit your details and we'll be in touch shortly. You can also email us if you would prefer.

Code

Number

headset_mic FREE CONSULTATION
Get Free Consultation
Cancel