Latvia is a republic country in Baltic Sea between Lithuania and Estonia. Latvia has 2,070,371 inhabitants and a territory of 64,589 km2. Latvia has humid continental climate. Latvia investor immigration program was introduced in July 2010. It is allows foreigner to obtain residence permit in Latvia if they are going to make investment in Latvia company.
Investment option:There are three investment options:
Purchase of real estate: An investor must purchase or own several properties in Latvia. The amount of the property depends upon the location.
Business investment: A foreign individual must invest at least LVL 100,000 (approximately US$ 188,000) in share capital or LVL 25,000 (approximately US$ 47,000) in a company in order to qualify for temporary residence on the basis of a business investment. If an investor chooses to invest at least LVL 25,000 in a Latvian company, the company must pay at least LVL 20,000 (approximately US$ 37,600) in taxes within a financial year.
Financial Investment: To obtain temporary residency on the basis of a financial investment, a person must deposit at least 200,000 LVL (approximately US$ 377,000) into an account of a Latvian credit institution for at least five years without the right to withdraw this investment earlier.
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