Latvia Temporary Resident Permit(

Latvia Temporary Resident Permit(Latvia TRP) by investing in Real Estate

If you have obtained One or more immovable properties

in Riga, Riga planning region or any other republic city amounting to at least LVL 100000 (Euro 143000) or

One or more than one immovable properties in regions other than Riga, Riga planning area or other republic cities for an amount of at least LVL 50000 (Euro 72000), you can file for the TRP once the effects have been transferred in the deal and the ownership rights have been entered in the Land Cadastre.

The property deal to be effected must be post July 1 2010.The funds must be transferred from your bank account to the seller’s account, or through an escrow account. There should not be any tax debt on property in Latvia. It is advisable not to mortgage the property in order to enter a real estate deal. You must furnish proofs of real estate tax payments.

It takes around 10 days to prepare necessary documentation for executing the purchase and registration deal and endorsement into the land cadastre. State authorities charge a fee of 2 % on the value of registration.

Our Latvian associates can assist you in locating suitable properties, finding tenants, managing property, provide legal support and take care of the property proceeds when you are out of Latvia.

For further information please Visit our Website or Visit our  facebook page.

Benefits of Latvia Temporary Residence

Benefits of Latvia Temporary Residence Permit (TRP)

The holders of Latvia Temporary Residence Permit (TRP) enjoy several benefits with these being the key ones:

·       Unrestricted movement across the Schengen Area

·       Being member of the EU and Schengen Treaty, Latvia offers an incomparable advantage to the permit holders of enabling them to gain freedom to an unrestricted movement in the EU member countries and staying there without needing to obtain a visa.

·       Settlement opportunities to other EU countries

·       Migrants aspiring to move their set-up to any EU member countries in future will stand a better chance of making it successfully and on priority

·       Long duration of residence permission to stay in the nation

·       Latvia TRP has a validity of 5 years permitting a stay in the country, through the extent of validity of the entry permit.

·       Multiple entries into this Baltic state          

·       Once you obtain this visa, you are eligible for multiple entries into Latvia and other EU states (up to 90 days within a six month period).

The TRP holder can also stay full time in Latvia during the TRP validity period.

·       No specific residence fulfillment requirements

·       You don’t need to reside in Latvia for a relevant period in the nation to retain your TRP status. Extension is granted and can be maintained with least formalities. Extension formalities are very easy and simple to meet for holders who have met the applicable terms and conditions of TRP issuance of one of the three possible options.

·       Eligibility to file an application for residency

·       Grant of TRP makes the holder eligible for status and the rights of a resident

·       Advancing onto the citizenship of Latvia

·       On the successful completion of the TRP, and subject to fulfillment of the criteria, the Resident visa holder has an option to permanently make Latvia his home and become citizen of the Latvia

·       Bring your family along

·       TRP allows your family to accompany you to this Baltic state and enjoy similar facilities as you while being in the country

·       Unrestricted freedom to do business and investments in Latvia

·       As a TRP holder, you have an unrestricted access to business and investment opportunities in the nation.

·       TRP process can be initiated and finalized without personal visit

·       For applicants short of time or not having appropriate visa to visit Latvia or other Schengen countries or Europe or past visit visa refusals, getting Latvian TRP under one of the 3 permitted processes is possible and feasible. One need to and may fly into the nation only after entire TRP process has been completed.

·       Geographical location provides opens up more business opportunities

·       Perfectly positioned between the EU and the CIS, one can NOT ask for a better affordable European location. The facet is supreme from the perspective of international trade and warehousing facilities, hence paving way to more business growth opportunities than ever. Geographically well located warehouse synonyms growth for business! Exporters can use this warehouse base to explore and grow business throughout Europe and CIS. Industries related to manufacturing and BPO can use affordable human resources to promote their business interests in Europe and the CIS countries.

·       NATO & EU membership
Latvia is a fully-fledged NATO and EU member with a politically stable ambiance. What that means is no disturbances, just a calm background to have a peaceful life in store for you and your kin! This is very important for long term stability and growth of business.         
 

·       Low cost & ease of doing business
Latvia has amongst lowest cost of doing business in Europe and has an impressive worldwide ranking of 21 in terms of ease of doing business. The country provides nice tax benefits for start-up businesses. All it needs is a smart businessman in you to take advantage and starting point is making an application for and getting Temporary Resident Permit (TRP)!
 

·       Low cost of living
Latvia has amongst lowest cost of living amongst the European nations, thus giving you more reasons to make the country your long term home and/or an important base for expanding your long term business expansion goals.

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