Real estate agency RD Global offers assistance in obtaining a residence permit (permit) when buying real estate in Latvia
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 from July 1, 2010.
In particular:
- The law applies to purchases of property, committed after July 1, 2010.
- The 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 equivalent), or outside of these areas - not less than 50 000 lats (the equivalent of 70 000 Euros). Conditions - These persons should not be in debt for real estate tax.
- The amount of multiple purchases of real estate is added - The spouse (wife) and minor children of the property owner can apply for a residence permit in Latvia
- The residence permit in Latvia is given with right of renewal
- For persons granted temporary residence zhitelsvo in Latvia, the minimum annual period of stay in Latvia in the law is not specified.
- The residence permit in Latvia gives the right to move freely in the Schengen countries.
- Residence permit gives the right to work in Latvia.
- After the expiration of a temporary residence permit in Latvia, the property owner and his family are eligible to apply for permanent residence
- After the owner of the property a permanent residence permit, his family second degree can also apply for residence permit in Latvia.
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 for at least 10 000. More detailed advice can be obtained by contacting our team via the contact form on the site.
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