Let's explore a few types of Latvian Investments and other types of activity that offer you a Golden Visa or residence permit as added benefit.
Passive (Silent) Investment options
Simplest way of acquiring a residence permit in Latvia. Purchase a personal residential real estate at Euro 250,000 or above.
Passive ( Silent ) Investment in an Active business. If you have not watched the popular series 'Shark Tank' or 'Dragons's Den' you must. Then when you do, imagine YOU are the Shark / Dragon who is Investing in an active business.
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Invest Euro 250,000 in Government bond / securities and qualify for residence permit. This is a 5 year lock in bond at 0% interest. In addition, there is a one time State Fee of Euro 38,000.
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04 - Bank deposit
€ 305,000 ++
Few Latvian banks offers this option to invest in their bonds. Euro 280,000 minimum
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Active Investment options
Most of these options are related to the Employment based residency in Latvia. Basically to enable you to work with an existing Latvian company or for your own business. You must always get paid a salary and pay applicable taxes to the Government based on the salary agreed. Yes, even if you are starting your own company.
05 - Start up visa
Do you have a innovative yet somewhat proven business idea ? Some new app, new software, new technology for any type of industry ? Latvia may be a great stepping stone for European market entry. The Latvian Startup visa comes with initial tax breaks and offers a nice eco-system to launch your startup.
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06 - Buy a running business
It is possible to buy a running business and request a residence permit as employee/manager upon proof of purchase contract.
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07 - Join in a successful business. The Smarter way to secure residency.
In our tried and tested method, the best way to secure your first residency in Europe, not only in Latvia, in 2023 is going to join a successful business. It makes sense to join a local business owner, offer an incentive to sponsor your residency. See Case Studies Page. This gives you entry into Latvia at a low cost and then explore further opportunities, understand the market, then move on to start your own business.
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08 - Start your own company to work in
This option, although possible, needs more work and preparation. It would need a good business plan. Preferably good proven business or self employment experience or high education of the applicant. In short, you start or buy a company and request the labor ministry to allow you to work within your own company. You will need to pay yourself a minimum monthly salary of Euro 1537 and pay taxes to the tune of Euro 800 per month.
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Other Options
09 - Retirement Visa
for Citizens of those countries that do not need a visa to enter Latvia. USA, Canada, UK, Australia etc.
It is possible for citizens of many countries to come an live in Latvia, if they are financially self sufficient by means of a regular pension or other passive source of income. Must be aged 65 or above.
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