Residence permit in Latvia
On July 1st, 2010, amendments of Latvian Immigration Law came into force providing foreign nationals for opportunity to obtain a temporary residence permit for 5 years in the Republic of Latvia and thus to travel within the Schengen Area.
One of the ways to obtain a temporary residence permit is real estate purchase in Latvia:
| in Riga, Riga Planning Region* or in other cities of republic**,
total sum of these transactions shall be nothing less than 100 000 lats (143 000 euro) |
outside Riga, Riga Planning Region and other cities of republic,
total sum of these transactions shall be nothing less than 50 000 lats (71 500 euro) |
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* Riga Planning Region as a territory is situated in the central part of Latvia, and megapolis thereof is Riga - the capital of Latvia. The territory of the region includes Riga, Jurmala, as well as former districts of Riga, Tukums, Ogre and Limbazi.
Link to Riga Planning Region web-site:
http://www.rpr.gov.lv/karte/pasvaldibas.html
** Daugavpils, Jekabpils, Jelgava, Liepaja, Rezekne, Valmiera, Ventspils.
Residence permit application procedure
Real estate purchase procedure
LATIO Ltd. OFFERS:
|
Special purchase offer
We offer to purchase undivided shares of the real estate in 20 Kr.Barona Street, located in Riga city center.
- The house is rented out ensuring yield of 2% per year*
- Price of the undivided share - EUR 183,000
- The house ownership is being managed and the owners of undivided shares are informed about that
- In case you don’t want to prolong your residence permit after five years we will redeem your undivided share
- The term for receiving residence permit - 3 months
* the yield rate can change due to global risks of real estate market, alternation of real estate tax rates and other factors.
- The house is rented out ensuring yield of 2% per year*
- Price of the undivided share - EUR 183,000
- The house ownership is being managed and the owners of undivided shares are informed about that
- In case you don’t want to prolong your residence permit after five years we will redeem your undivided share
- The term for receiving residence permit - 3 months
* the yield rate can change due to global risks of real estate market, alternation of real estate tax rates and other factors.
LATIO is the largest leading real estate company in Latvia for already 20 years.
Due to professional service provided by our employees, we have gained the trust of many customers.
CONTACTS:
Mrs. Vija Gailīte
Head of the Apartments and Houses Trade Division
Ph. (+371) 67032383
Cell ph.(+371) 29234292
vija@latio.lv
Mr. Jānis Šīns
Head of the Commercial Property Trade Division
Ph.(+371) 67032339
Cell ph.(+371) 29195740
janiss@latio.lv
Mrs. Marlisa Šmite
Head of the Legal Department
Ph.(+371) 67032361
marlisa@latio.lv
Mrs. Zane Āboliņa
Cooperation with Trade Partners
Ph. (+371) 67032378
zane.abolina@latio.lv
List of LATIO real estate agents
or do not hesitate to contact administration of LATIO, ph. (+371) 67032300, e-mail: latio@latio.lv
