Residence Permit in Latvia

Latvia is one of the largest transit centers in Europe uniting East and West. The location of Trasta Komercbanka offers additional benefits to our clients not only in organization of international business and in fostering business contacts with Europe. With the help from ТКВ, you will get complete support of your business and leisure time no matter where you are: starting from obtaining a visa for entering Latvia, consulting and organization of your business meetings abroad, including receipt of a residence permit for you and your family in a EU country.  

If in your business you deal with frequent trips abroad, you will especially appreciate the possibility to move in Europe without extra formalities and obtaining visas. We will help you to invest in Latvia efficiently and in addition to obtain a residence permit in Latvia without problems and waste of time, and along with that – freedom of movement in the Schengen zone.

In order to receive a status of an EU resident, there is a wide range of investment opportunities to consider. We will help you choose the optimal option for you investment:

Subordinated Deposit

Subordinated deposit (loan) is the simplest way of investment for the purpose of receiving the residence permit which in addition will give you a stable return on the capital invested.  

Deposit currency – EUR, USD un LVL;
Deposit period – from 5 years (irrevocable contract throughout the entire loan period);
Minimum amount – EUR 300,000, USD 400,000 or LVL 200,000; 
Annual interest rate in EUR – 5%, in USD - 4.75, and in LVL – 5%; 
Interest payout – monthly or at the maturity date.

Detailed information on subordinated deposit in ТКВ.

Real Estate in Latvia

You can buy real estate in Riga, the capital city of business life in the Baltics, in a renowned sea resort Jurmala, and in other towns of Latvia where quiet streets are full of the charm of medieval Europe and at the same time retain the mentality and hospitality close to those of Eastern Europe. Real estate in Latvia can become for you a cozy place to have a vacation or a place of permanent residence, as well as a successful long-term investment.

You can receive the status of the Latvian resident by buying a real estate in Riga, Riga planning region or other major cities in Latvia for at least LVL 100,000 or in other regions of Latvia for at least LVL 50,000. 

Investment into Fixed Capital of Latvian Companies

Are you establishing your business in Latvia, or do you think about investing into development of a promising project in this region? One of the options as to how to receive a residence permit in Latvia is to invest into fixed capital of a Latvian company which will pay in taxes at least LVL 20,000 into the state budget, provided that your contribution in the capital is at least LVL 25,000 and it will create at least five new jobs (no less than 50% of them are to be filled by residents of Latvia, EU or EEC).

ТКВ experts and our business partners – best lawyers and consultants of Latvia – will help you handle all formalities involved in the execution of a residence permit in Latvia for you and your family!

In addition, to ensure that your business knows no boundaries, TKB Financial Concierge Service will provide full support to your business and leisure time anywhere in the world.

Specialists of TKB Info Center are standing by to answer all your questions about obtaining the status of a permanent resident in Latvia. Tel.+371 67027777, info@tkb.eu or please contact your private banker.