Latvia attracts investors with the program of residence permit through real estate: pros, conditions and restrictions.
Latvia, known for its rich history and clean air, offers a program for obtaining a residence permit (residence permit) through real estate investments. This path is attractive to many due to the low entry threshold (from 250,000 euros) and the prospects of obtaining EU citizenship.
Key points of the program:
– Amount of investment: purchase of real estate from 250,000 euros + 5% state duty.
– Type of property: residential or commercial properties.
– Advantages: freedom of movement in the Schengen area, family visa, no mandatory residence.
However, at the moment the program is closed for citizens of Russia and Belarus, if they do not have a second citizenship. For the rest of the countries the conditions remain in force.
Legal support and thorough verification of sources of funds (AML) are mandatory steps.
The program is relevant for those who are looking for an affordable and promising option of residence permit in Europe.
