Residence Permit for Latvia Makes Life Easier!
If you plan on staying in Latvia beyond 90 days or you want to take advantage of the blooming European economy, you are better off applying for a residence permit. At the moment Latvia offers the fastest route to the EU residence permit (in some cases it takes around 14 days). Many of our clients have chosen Latvia to apply for a residence permit because the processing is quick and it can open up a wide range of opportunities. Innveso Consulting can help you to obtain a residence permit for Latvia that will make life so much easier. You will be able to:
• Travel freely through the Schengen Area Countries
• Conduct business in Latvia and Europe
• Enjoy education opportunities and benefit from a healthcare system
• Receive automatic permits for your spouse and under age children
• There are quite a lot of benefits to holding a residence permit for Latvia that we can help you to secure. Our goal is to help you reach your goals.
The Process
There are more than 30 paths to obtaining a residence permit for Latvia and we can assist with any of them. Your first step in the process is to take advantage of our free consultation services. Our highly trained staff of consultants will discuss your goals with you and then discuss your options for meeting those goals.
Paths to obtaining a residence permit in Latvia:
• Company formation with a minimum capital of EUR 50,000. Minimum of EUR 40,000 of taxes must be paid every year.
• Opening up a local office / representative office of a foreign company. This option does not require any investment.
• Investing in real estate in Latvia. The investment must be a minimum of EUR 250,000.
• Opening a deposit account with a Latvian bank – with minimum amount of EUR 250,000 for a period of at least 5 years
• Investment in government bonds – at least EUR 250,000 for 5 years. After 5 years 100% of investment will be returned back
Innveso Consulting will go over all of your goals and give you options to best meet those goals. Our firm is client focused which means that we offer all of the services that you need from:
• Getting your residence permit
• Helping you to find real estate
• Document translation services
• Finding schools for your children
• Opening bank accounts
• And other services
We can customize our menu of services to meet your needs. Once our consultant has explained the process to you and you have agreed to the terms we will get right to work. You can expect one on one services and complete transparency throughout the entire process.
Some Common Questions
There are some common questions that are asked to our consultants regularly:
1. How long does the process take?
The process typically takes up to 30 days and depends on the path that you have decided to take to obtain a residency permit. Our services ensure the quickest processing times because our professional services omit some of the most common errors.
2. Do I have to pay an annual fee to maintain my residency status if I purchase real estate?
You have to visit Latvia yearly to extend your residence permit and you only pay a fee for a new card. You also have to maintain your investment and ensure public utility bills are kept up to date and taxes are paid.
3. How long is the residence permit in effect?
The residence permit is good for up to 5 years. If you have resided in Latvia the entire time and only left the country for less than 10 months during that 5 year period you can apply for permanent status. If you have left the Latvia for more than 10 months than you can apply to renew your residence permit.
4. Can my purchased real estate be rented out?
You can rent your property and our company can help you with that.
5. Do you have a high success rate?
Yes our services are recognized as being very successful at obtaining residence permits for many countries around the world including Latvia.
We are happy to answer all of your questions and provide you with valuable advice for moving forward with your residence permit application process. Contact a consultant today!