Residence Permit and Visas
Our Company renders the necessary assistance on receiving a residence permit in Latvia on the basis of purchasing real estate and on other grounds.
Residence permit in Latvia has the following advantages:
the opportunity for free traveling within the Schengen area during a period of five years with guaranteed extension
- not high value of real estate
- insignificant amount of investment required
- unique opportunities for traveling all over the world - the combination of air hub with marine port and railway junction
- possible permanent residence within low - crime area of any European state
- amicability and tolerance of the Latvians, their high level of knowledge of foreign languages (top position in Europe)
- mild coastal climate and a wonderful northern nature
- developed culture and a great number of places for entertainment
Pursuant to the “Immigration Law” as amended starting from 1 July 2010 foreigners are eligible to apply for the residence permit in Latvia for a period not exceeding five years provided that they acquire in Latvia one or more units of real estate in Riga and Riga region* or in towns of the Republican status **, which total amount of transactions exceeds LVL 100 000 or LVL 50 000, if the real estate is located outside the specified areas. In this case a mandatory provision is that the buyer should not have debts on real estate tax and all payments on transactions should be effected by transfer from an account of the applicant.
Real estate transactions are appraised from the viewpoint of legitimacy: it is prohibited to purchase real estate from relatives and to over estimate the actual value of the acquired unit.
*Riga, Jurmala, former Riga, Tukums, Ogre and Limbazi regions
(it is possible to see the map here: http://www.rpr.gov.lv/karte/pasvaldibas.html)
**Daugavpils, Jekabpils, Jelgava, Liepaja, Rezekne, Valmiera, Ventspils
It is required to specify that purchase of the real estate complying with the earlier specified terms,does not give 100% guarantee of receiving the residence permit, as it is necessary to take into account the applicant's assessment criteria. During the initial consultation qualified specialists of our Company will be able to determine the probability of receiving a residence permit for each particular applicant. We would like to make our potential customers be quiet - the percentage of refusals is minimal.
It is possible to apply for a residence permitexclusively after purchasingthe real estate and final settlement of accounts with a seller.Simultaneously with the applicant his/her spouse and children under18, as well as persons being under trusteeship may receive the residence permit.
Statistics of the issuance of residence permit when purchasing real estate:
the source of the Office of Citizenship and Migration Affairs http://www.pmlp.lv/lv/statistika/dokuments/2012/UA_2004_2011.pdf
In 2010 - there were issued 96 residence permit certificates
In 2011 - there were issued 1263 residence permit certificates.
If you are willing to receive the residence permit, our Company will be pleased to render these services for you. Price for the service - subject to the number of people as well as is dependent upon the fact, how a customer applies for this service. If speaking only of assistance in receiving the residence permit, such a service amounts to EUR 3000 + EUR 1000 per each family member. If the residence permit is received by way of acquiring real estate with the help of our Company, the residence permit will cost for our customer 50% less. Regarding large transactions (from EUR 1 000 000) the assistance in receiving the residence permit is rendered free of charge.
Visa Support for Persons not Being the Citizens of the European Union Member States
Schengen visa for a year for our customers - free of charge!
If you are interested in acquiring real estate in Latvia, our Company is ready to render you assistance in receiving Schengen visa for a year in order to be able to examine the units you are interested in.
Our Company enters into an agreement with you to search for real estate and sends you an invitation.The price for service on searching for real estate - EUR1000. In this event, if a customer is refused in receiving visa and respectively, the customer is unable to examine the property units offered - the amount paid is refunded to the customer, with the exception of banking services for transfer of the earlier specified amount.
We would like to warn you that in the event if this visa is used for entering the Schengen area passing by Latvia - it may be the reason for the refusal of similar visas not in Latvia only, but in other EU States as well.