Residence permits for foreign investors

Rietumu was the first bank in Latvia to offer its customers full advisory services and support in obtaining the residence permit in Latvia. We help our customers to become EU residents since July 2010, when amendments to the Immigration Law of Latvia came into effect.

The residence permit of the Republic of Latvia automatically guarantees free movement of persons within the Schengen area, currently consisting of 25 European countries.

Having fulfilled one of the below criteria, an investor may apply for the residence permit valid for the period of 5 years:

Placement of term deposit / acquisition of bonds		Investment in real estate		Business establishment
Subordinated term deposit or bonds ≥ 200 000 LVL or equivalent in EUR, USD at the current rate of the Bank of Latvia (~ 300 000 EUR, ~ 400 000 USD) Term ≥ 5 years		Value of which is ≥ 100 000 LVL 143 000 EUR in Riga and other major cities Or ≥ 50 000 LVL 72 000 EUR in regions of Latvia		Investment amount ≥ 25 000 LVL 36 000 EUR Taxes ≥ 20 000 LVL 28 000 EUR per annum If you invest 100 000 LVL (143 000 EUR), no tax volume requirements
Fastest and easiest way to the residence permit		Real estate deals from our partner Apella		Invitation is required

 

Temporary residence permit will be available both for investors and their family members – spouses, underage children and persons that are under the surveillance/official care of such investors. Upon expiry of the term of residence permit investors and their family members are eligible to apply for the renewal.



    Starting from 2 April 2012 upon obtaining a residence permit
    you will get an EU national ID card instead of the insert in your passport

The above stated terms and conditions on obtaining a temporary residence permit apply provided the term deposit is placed/the investment in real estate is made/or business is set up after July 01, 2010.

Rietumu is ready to provide full advisory services and other support to its customers for obtaining a residence permit of the Republic of Latvia.

Welcome to Latvia! Welcome to Europe!

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Download: Presentation about EU Residence Permit