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Important information about residence permit in Latvia

An important provision and note determine that real estate deal pay must be carried out of non-cash transfer form to obtain the Residence permit in Latvia through getting the real estate or assets in Latvia. The chance to get the permit of residence in Latvia (in the European Union) for five years is for those investors who spend money in Latvia after 1st of June 2010. The residence permit acquisition is not comprised of those investments, which financier have build till the 1st of June 2010. In June 2011 new revision were made in immigration law which define that residence permit Latvia can be received only by buying a real estate from European Union citizen, foreign citizen or Latvian denizen who already has a residence permit in Latvia. These kind of changes were started into force after finding of various fictitious transactions to accept the residence type permit in the Latvia.

The chance to lay claim and accept the residence type permit in the Latvia is for every foreign citizens by not taking into account the main citizenship. In the protracted investments term in assets is the most beneficial, simpler and as the lot of residence permits issued presents, it is the most frequent methods used for obtaining the residence permit.