LATVIA – MLEGAL

Residency Permit Program

Inclusion of spouse and children under 18 years old
Fast processing
Visa-free travel to the countries in the Schengen Area,Switzerland, Norway and Iceland
Able to stay in any Schengen Member State up to three months within any half year
No physical residency requirements
The right for the applicant to work in Latvia
The right to receive discounted or free education within The European Union
The right to obtain a Latvian driver’s license, which is valid In all Member States of the European Union The right to acquire and register a vehicle within the Territory of Latvia

Aged 18 years or older
Applicant must have no criminal record
Applicants must have sufficient income to support the applicant and dependents
€13,320/year – Main Applicant
€4,440/year – Spouse
€2,592/year – Per child
Health Insurance for applicant and dependents
Make a qualifying investment in real estate, or in the share Capital of a Latvian company and hold the investment for 5 years

The investment must be held for a minimum of 5 years, And must be retained if the residency permit is renewed

Fast processing within approx. 90 days to obtain a Temporary Residence Permit
Successful applicants and dependents will be granted a Temporary Residence Permit valid for 5 years
Applicants who have kept their investment for 5 years can apply for renewal for an additional 5 years every 5 Every 5 years subject to payment of a renewal fee Of €5,000
Applicants who have continuously resided in Latvia for 5 Years will be entitled to apply for Permanent Resident Permit
Applicants and their dependents can receive subsidized Healthcare and Education benefits after becoming permanent residents
Applicants and their dependents can apply for Latvian Citizenship after 10 years of legal residence in Latvia