Latvia is one of the most attractive countries of the European Union from the immigration point of view and simplicity of required documents preparation.
A residence permit in Latvia gives the opportunity to enter and leave the country freely, work and study in Latvia, make use of the services of medical and governmental institutions, prepare visa requests for relatives, freely travel throughout the Schengen Zone. A residence permit also makes it easier to receive visas from other countries such as the UK, the USA, Canada and Australia.
Legislation of the Latvian Republic provides for several possibilities of obtaining residence permit for the applicant and his family members (husband / wife, children under 18 years of age):
- Real Estate Purchase
- Subordinated deposit opening in Latvian bank
- Opening of the Latvian company
- Opening the non-business enterprise
- Investment in government bonds
As well as the obtaining residence permit in Latvia through any and all options such as studies at an accredited higher educational establishment or participation in a studies programme, family reunion, treatment in a medical institution of country, religious activities, implementation of an international treaty or a project where the Republic of Latvia is a participant.
Temporary residence permit is issued for a period of 4 years or 5 years (depending on the abovementioned variants of the residence permit) with mandatory annual renewal. The exception is the option of investment in government bonds, where a temporary residence permit is issued for a period of 5 years without the need of annual renewal.
An applicant may submit the documents for a permanent residence permit after living in Latvia for 5 years and may apply for Latvian citizenship after living there for other 5 years.