Latvia’s Golden Visa Program
Latvia’s Golden Visa Program offers investors access to a residency that comes with broad benefits and access to unique real estate opportunities
The Golden Visa, which is also referred to as the Temporary Residence Permit (“TRP”) program, may be granted in as little as one to five months after all paperwork has been satisfactorily submitted.
The Golden Visa provides investors, and their immediate family with many benefits, including visa-free travel throughout the Schengen area, the ability to work in Latvia, access to an advanced healthcare system, and public and private schooling for their children at local rates. In addition, investors may elect to apply for permanent residence and ultimately citizenship if physical presence and language requirements are met.
While several options to participate in the program exist, the most popular method is through the acquisition of property in Riga valued at €250,000 or more. Indeed, Riga offers investors with an eye for Art Nouveau architecture an unparalleled opportunity to participate in that turn of the century style of building.
Sununu offers a full-service solution which includes providing legal advice, assistance with the selection of property and securities, and financing through its network of banking partners. Call today to discuss the Golden Visa Program in further detail.
Latvia's programrequirementsat a glance
In addition to meeting the investment and contribution criteria, applicants must maintain healthcare insurance and produce a clean criminal record, birth and marriage certificates and demonstrate adequate funds and means of subsistence
€250,000 investment in real estate and a government contribution equal to 5% of purchase price
Children under 18 included together with your spouse
1 to 5 months to residency for the applicant and dependents
Visit the Schengen area without the need for a visa
No language requirement or physical presence requirement and foreign earned income is not taxed
Access broad benefits including, education, banking and work permission
Route to permanent residence and naturalization provided minimum language and physical presence requirements are met
Real estateinvestmentin Latvia
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