Thursday, November 14, 2024

Latvia issued close to 4000 golden visas for real estate investment

Latvia’s golden visa scheme was one of the oldest golden visa scheme in Europe. Today Latvia’s golden visa scheme still up and running but at a slower pace, compared to Greece and Portugal.

 

Latvia has the cheapest golden visa schemes in Europe with investments starting from 50,000 euros, which is five times cheaper than greece and portugal.  Latvia also offers permanent residence permits for investments in business, bonds/securities and real estate

 

  • Business Investment – EUR 50,000 plus state fee
  • Real Estate – EUR 250,000 plus state fee
  • Govt Bonds/Securities – EUR 250,000 plus state fee

 

Latvia Golden Visas

 

Permanent residence cards issued as of Dec 31,  2018 from the start of the scheme, according PMLV Migration office

Latvia golden visas
Source: PMLV

 

Investors Family
Bonds/Securities 39 59
Business 179 315
Real estate 3938 4553
Bank deposit 157 181
Total 4313 5108

 

Latvia has issued a total of 9,400 permanent residence permits for golden visa investment from 2010 to 2018, according to the data released by PMLV migration office

 

Top countries

Permanent residence cards issued for investment for main investors

 

Government bonds or securities

  • Russia – 20
  • Ukraine – 8
  • Belarus – 4
  • Azerbaijan – 4

 

Business Capital Investment

 

  • Russia – 56
  • Vietnam -24
  • Ukraine – 15
  • Pakistan – 9

 

Real Estate

 

  • Russia – 2806
  • China – 351
  • Ukraine – 238
  • Kazakhstan – 120
  • Uzbekistan – 90
  • Belarus – 74
  • Azerbaijan – 59
  • Israel – 24

 

 

Read more here

 

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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