One of the earliest golden visa programs started in Latvia, and it came into operation in 2010. Since then, the various golden visa consultancy has been managing a bulk of applications which reached a peak in 2014, by which Latvia has had to approve more than 2500 applications.
It is all because of the vast benefits; investors get to start from a sound banking system, accessing more than 20 European countries to travel, a good lifestyle, and travel opportunities. Furthermore, it also acts as a path to eventual EU citizenship. It is followed by ten years of physical residency in that place, and one should know about the Latvian language and its history.
Thus, anyone can apply for the Latvia Golden Visa Program, but you should adhere to these rules- you should be above 18 years, should not hold any criminal record, and can demonstrate a suitable income. If you succeed in maintaining these rules, you can choose from various investment opportunities that suit your needs.
Purchasing Real Estate of Latvia
If you purchase a real estate property for business purposes, you can invest around €250,000 (USD 258,985). You can also buy a home around this figure that suits your taste and budget to stay in Latvia to get Latvia permanent residency and European citizenship.
Land properties of around 150 square meters of high-quality space in the city centre, with all the nearby facilities, schools, and stores. On the other hand, if you want to sell your property, the buyer gets the current value of your land, including the current valuation of the land and the apartment, separately to make you earn a profit on your investment.
However, if you are looking for a Latvia Golden Visa Consultancy, you can choose the Pearl Lemon Visa. They acknowledge you in acquiring such a lucrative Latvia Golden Visa.
Investing in Business
Investing in a Latvian business and starting your own company in Latvia is also a good investment plan, irrespective of buying real estate in Latvia. For example, suppose your business gets an annual sale of €10 million and is employed by less than 50 employees after investing €50,000.
Contrary to the prior statement, if your firm has more than 50 workers and makes annual sales of more than €10 million, empowering more than 50 workers, your minimum investment has been traced to €100,000.
Although for choosing a business investment option, you have to pay a prior advance amount of €10,000 as a government charge. This cost is a one-time obligation you must secure before acquiring a Latvia golden visa.
The last option is to acquire some government bonds by investing a minimum of €250,000. This investment is refundable after staying there for five years; you will get the entire amount you paid. However, an additional state charge of €38,000 is applied. Thus, it is considered the last option to invest in acquiring the Latvian golden visa.