Lavia Residency Program

Latvia, a Baltic nation within Europe's Schengen area, is renowned for its rich history and natural beauty. The capital city, Riga, founded in the early 13th century and is UNESCO World Heritage.

The country is characterized by its forests, lakes, and rivers, making it a haven for nature enthusiasts. The Gauja National Park, known as the "Switzerland of Latvia," offers picturesque landscapes and outdoor activities. The coastline features sandy beaches and charming seaside towns and are famous for its wooden architecture and spa resorts.

Since regaining independence from the Soviet Union in 1991, Latvia has developed a strong economy, with significant growth in information technology, logistics, and tourism. Latvia has been a member of the European Union since 2004, which has boosted its economic development and integration into the European market. The demand for the real estate has skyrocketed, with property prices in the EU experiencing the most significant year-on year gain of almost 11%.

Foreign investors are attracted to Latvia partly because it has one of the lowest house price / square meter in Europe. In addition, the gross rental yield is significantly high. According to the Global Property Guide research, it currently stands at 8,06% (2024, Q2). Investing in Real Estate in Latvia surprisingly one of the most lucrative business in Europe.

PROGRAM BENEFITS

No residency requirements!

You have the right to reside in Latvia however relocation is not a MUST!

Book a private consultation

Real Estate investment!!!

Currently the lowest real estate investment option in Europe - the minimum investment of EUR 250,000.00

High ROI

One of Europe most profitable real estate investment due to the low acquisition and much higher rental value. The gross rental yield currently stands at 8,06% (2024, Q2 - Global Property Guide).

Quick Processing time: up to 10 weeks

Residency is valid for 5 years!

Family eligibility

Spouse and children under 18 years old can be included in one application. Adult children and parents (in-laws) cannot be included!

Bank Deposit Option!!!!

Deposit EUR 280,000 into a Latvia bank and get annual interest. Honu will assist you to get the best banking option with annual interest up to 8%. After 5 years, your investment is returned!

This is the safest, easiest and hassle-free way to obtain EU residency!!!

Visa-Free access within Schengen Zone countries;

REQUIREMENTS

- Due Diligence: Applicants must provide a clean criminal record from their country of residence. The main applicant must be at least 18 years old

- Provide proof of investment.

Real Estate:

- Acquiring real estate with minimum value of EUR 250,000.00 plus a donation equal to 5% of purchased property value to the government and administration fee depending on the size of your application

Finance Investment:

- A minimum investment of EUR 50,000 in the equity capital of Latvian company, a one time donation of EUR 10,000 to the government plus administration fee.

- EUR 100,000 investment to larger companies or companies with subsidiaries in Latvia, a one time EUR 10,000 donation to the government plus administration fee.

BANK DEPOSIT:

- Deposit EUR 280,000 to a Latvia bank as a subordinate liability. In addition to this, you need to make a donation of EUR 25,000 and pay the administration fee. Honu Advisory shall assist to chose the best option for your money which generates up to 8% interest per annum. Bank deposit is the safest, hassle-free, with no real estate commission fee and is the most profitable option for your investment.

Processing time: 1 to 3 months.

Residency Process

- The residence is valid for a 5 years with yearly renewal.

- After holding a temporary permit for five years, applicants might apply for a permanent resident permit given residing in Latvia 4 out of 5 years and passed the Latvian language test at A2 level.

Time to citizenship

Applicant might apply for citizenship after 10th years of residence having met other citizenship requirements and renounce formal citizenship(s).

PROCESS

INVESTMENT OPTIONS

EU's lowest capital investment!

Invest EUR 50,000 into equity capital of an Latvian company and donate EUR 10,000 to the state budget -> EUR 60,000 in total!!!

LATVIA IMMIGRATION LAW WILL CHANGE SOON!!!!

LATVIA HAS CREATED A DRAFT BILL FOR IMMIGRATION LAWS AND PLANS TO ADOPT IT THIS YEAR. TO BE ABLE TO BENEFIT FROM THE CURRENT PROGRAM, ACT QUICK!!!

LATVIA IMMIGRATION LAW WILL CHANGE SOON!!!!