Immigration to Latvia

There are many reasons why people decide to immigrate, the most popular reason is tendency to change life. Immigration to European Union is the most interesting direction of immigration. EU countries attract people by their nature beauty, the style of life, economic and social development, security and guarantee of protection of the rights of every person.

Immigrate to the European Union is not an easy way, as it requires a lot of knowledge, strength and energy, but the main factor for immigration in Europe is the desire. Latvia is one of the most popular countries for immigration among EU countries.

Ways for immigration to Latvia:

  • Investment to country economy;
  • Company registration;
  • Work permit;
  • The intention to get education in Latvia.

The most popular ways of getting residence permit in Latvia is:

  • Bank deposit for a period of more than 5 years and in the amount not less than 300 thousand euros;
  • Purchase of real estate. In order to get residence permit in Latvia the foreigner should buy one object of real property for the price not less than  250 thousand euro, and market price of such property should be not less than 80 thousand euro. The foreigner, who bought real estate, gets residence permit for 5 years, but every year should register in the migration department. The advantage of immigration to Latvia is that the foreigner shouldn’t always stay on the territory of Latvia in order to prolong residence permit for the next year. Getting residence permit in Latvia for the owner of the real estate gives also possibility to immigrate for hall his family.

Purchase of the real estate on credit don’t provide the possibility to obtain residence permit in Latvia because the main goal of the country to attract investment in Latvia at the expense of foreigners.

  • Obtaining residence permit through company registration. The minimal cash investment in the company should constitute not less than 36 thousand euro, state taxes must be not less than 40 thousand euro yearly. The other option – to buying a working business.

The foreigner receives residence permit for a period of 5 years with a mandatory to renew it once a year. Wife, minors, persons under guardianship/custody also have a possibility to obtain residence permit.

The foreigner, who registers company in Latvia can develop the business in other European Union countries, which are members of Schengen agreement. He gets access to a market of 500 million inhabitants, where there are no inter-state duties, customs, dual VAT, and where most of industries are regulated by a single EU legislation.

Foreigner and his family have possibility to apply for citizenship after 5 years residing with residence permit in Latvia

The most popular way of immigration to Latvia among the representatives of the CIS countries – immigration on the basis of buying real estate in Latvia. The Russians are reliable and frequent buyers of real estate in Riga and Jurmala, while citizens of Kazakhstan, Turkmenistan, Uzbekistan, Tajikistan acquire real estate in large cities and in the regions. The people of Ukraine and Belarus buying properties rarely, but the rates are constantly increasing.

 

For more detailed information please contact us personally.


Our company offers services of immigration to Europe, mainly immigration to Lithuania, accounting services, assistance in obtaining residence permit in Lithuania, limited company registration. With help of EUROMIG consultants you can buy new limited company, sell company, buy ready made business, etc.

If you want to order our services of company registration in Lithuania, buying company, getting residence permit in Lithuania or others, please:

Write us using contact form at the bottom of the page

Contact us by email info@euromig.com

Call us:

Main office: + 370 684 55988
Business consultant Artur: +370 679 44266
Business consultant Taras: +370 655 45547

Skype euromig.baltic

EUROMIG – your way to European Union!