Агентство недвижимости RD Global

Buyers of real estate in Latvia, will give a residence permit in July 2010.

Latvian Saeima approved the second reading of the opportunity to obtain a residence permit for foreign buyers of real estate in Latvia. Residence permit in Latvia for up to 5 years by large investors can receive is from July 1 this year, such a decision today endorsed the parliamentary commission on defense and internal affairs.

In particular, for a residence permit for up to 5 years are eligible individuals who have invested in one or more real estate in Riga, Riga region, and republican cities less than 100 000 lats (EUR 140 000 ekvivalent), or outside of these areas - not least LVL 50 000 (equivalent to 70 000 Euros). Conditions - These persons should not be in debt for real estate tax.

In addition, an emergency permit to stay in Latvia for a period of 5 years will be able to get people who have invested in the company's share capital is not less than LVL 25 000, created at least five new jobs (half of the state - citizens or noncitizens in Latvia or the EU) and also listed in the budget for a year in taxes at least 10 000 latov.{linkr: bookmarks; size: small; text: nn; separator: +; badges: p}