Thursday, November 14, 2024

Latvia becoming the biggest golden visa scheme issuing over 10,000 visas every year

Latvia is quietly emerging as one of the biggest golden visa schemes in Europe issuing over 10,000 golden visas every year and the scheme is contributing  € 180 million euros every year according to the newly released Transparency international report.

 

The Latvian scheme competes with Portugal and Spain for issuing over 10,000 golden visas every year, the report said. Latvia issues schengen residence permits.

 

According to Migration office of Latvia, The Latvian golden visa scheme requires

  • €250,000 real estate investment or
  • €250,000 in Government bonds

 

According to the report,  17,342 foreign investors have bought residency through golden visa scheme in Latvia from 2010 to 2017 with over 70% of the investors are Russians.

 

  • Russia – 12,097
  • China – 1,428
  • Ukraine – 1,376
  • Uzbekistan – 723
  • Kazakhstan – 665

 

According to Eurostat, The property prices in Latvia have recorded the highest growth in 2018 compared to last year for Latvia (+3.1%) especially in the capital Riga.

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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