Residence permits for foreign investorsRietumu 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:
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.
Law on immigration progress:
The amendments in effect from July 1, 2010
Regulations of the Cabinet of Ministers in effect from July 1, 2010
Applications acceptance – from July 1, 2010
First customer of Rietumu received a Residence permit in Latvia on September 13, 2010
The amendments in effect from May 26, 2011
Start the process right now!
Contact us and we will assist you in processing.