Residence permit in Latvia<br />Financial investments in credit institutions<br />Only 3 steps to reach your goal!<br />ww...
Step 1<br />   Financial investments in a credit institution of the Republic of Latvia<br />Terms and conditions: <br />th...
www.sangroup.lv<br />
Step 2<br />Submission of documents to a diplomatic or consular Representativeoffice of the Republic of Latvia abroad<br /...
A document confirming the required minimum subsistence level (of choice)*<br />A document issued by the credit institution...
Step 3<br /> Receiving a residence permit<br />To receive a residence permit, a foreigner must appear in the Office of Cit...
Expenses<br />www.sangroup.lv<br />
Registration of a residence permit<br />Documents for registration of a residence permit shall be submitted 30 to 90 days ...
SAN Group, SIA<br />Andreja street 7/9, <br />Ventspils LV-3601<br />Latvia<br />Tel.: (+371) 63627027<br /> Fax: (+371) 6...
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FINANCIAL INVESTMENTS IN CREDIT INSTITUTIONS

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FINANCIAL INVESTMENTS IN CREDIT INSTITUTIONS

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FINANCIAL INVESTMENTS IN CREDIT INSTITUTIONS

  1. 1. Residence permit in Latvia<br />Financial investments in credit institutions<br />Only 3 steps to reach your goal!<br />www.sangroup.lv<br />
  2. 2. Step 1<br /> Financial investments in a credit institution of the Republic of Latvia<br />Terms and conditions: <br />the investment amount is not less than 200,000 Lats (285,000 EUR) in the form of subordinated capital (subordinated loan or subordinated bonds) of the credit institution;<br />maturity of the transaction is not less than five years;<br />according to the rules, the deposit agreement cannot be terminated prior to its maturity date.<br />www.sangroup.lv<br />
  3. 3. www.sangroup.lv<br />
  4. 4. Step 2<br />Submission of documents to a diplomatic or consular Representativeoffice of the Republic of Latvia abroad<br />Foreigner presents a valid passport and submits the following documents :<br />a definite sample form for a residence permit request; <br />a photography 3 х 4 cm; <br />a statement on fluorography or X-ray examining results; <br />a statement on punishability issued by a competent institution of the citizenship or the host country (for a foreigner more than 14 years old), if a foreigner has resided in that country longer than 12 months;<br />a document confirming the required minimum subsistence level (EUR 854 for adults and EUR 171 for a minor child per month)*; <br />a document confirming the envisaged place of residence in the Republic of Latvia**;<br />a document issued by a credit institution certifying that the foreigner has made financial investments in the credit institution;<br />a document confirming the state duty payment. <br />When submitting a request for temporary residence permit the original documents or notarially certified copies should be submitted. When submitting notarially uncertified copies, originals of such documents must be presented.<br />Examination of documents can take 5 to 30 days. <br />www.sangroup.lv<br />
  5. 5. A document confirming the required minimum subsistence level (of choice)*<br />A document issued by the credit institution informing about the condition of a foreigner’s bank account. If the credit institution is not registered in Latvia, an international charge card which is valid in the Republic of Latvia is made;<br />A confirmation issued by the credit institution informing about the condition of another person’s bank account, indicating that the foreigner has right to act with the corresponding account; <br />travel cheques.<br />A document confirming the envisaged place of residence in the Republic of Latvia(of choice)**<br />Rights issued on the name of foreigner to settle in a real property (record in the Land Register),or rent contract or agreement of lease of real property on the name of foreigner. If the tenant is a natural person or limited liability company (Ltd.), then in addition a document that confirms tenant’s right of ownership of the real property should be submitted;<br />If there are no such documents on the name of foreigner who wants to receive a residence permit, then a foreigner must submit : <br />A copy of the Land Register of real property and permit (consent) from the owner who owns real property, to declare a residence of a foreigner in owner’s property;<br /> or<br />rent contract or agreement of lease of real property, and tenant’s permit (consent) for the declaration of the foreigner’s residence in property belonging to the tenant. If a tenant is a privateperson or limited liability company (Ltd.), then in addition documents that confirms tenant’s right of ownership of this real property should be submitted. <br />www.sangroup.lv<br />
  6. 6. Step 3<br /> Receiving a residence permit<br />To receive a residence permit, a foreigner must appear in the Office of Citizenship and Migration Affairs to receive a stitch-in in the passport <br />Upon receipt of temporary residence permit in the Office of Citizenship and Migration Affairs, a foreigner shall present a valid health insurance policy.<br />Upon receiving primary temporary residence permit or temporary residence permit after a break of more than 90 days, a foreigner must present a health certificate issued by Latvian medical institutionconfirmingthat the foreigner does not suffer from tuberculosis (T.B) in the active phase.<br /> Residence permit is issuedforup to 5 years with the obligation to register it every year.<br />Simultaneously withthe foreigner a residence permit for the same period of time can also receive his/her spouse, minor children and persons being in a guardian (under the court decision).<br />www.sangroup.lv<br />
  7. 7. Expenses<br />www.sangroup.lv<br />
  8. 8. Registration of a residence permit<br />Documents for registration of a residence permit shall be submitted 30 to 90 days prior to the date of expiry of the registration of a residence permit.<br />For a residence permit registration, a foreigner shall present :<br />a valid travel document;<br /> a valid health insurance policy;<br />a certificate issued by a credit institution certifying that the deposit agreement is not terminated prior to its maturity date.<br />The decision on registration is valid 3 months. If in this period of time the foreigner doesnot receive the residence permit, submitted documents and paid in state duty will not be returned. <br />www.sangroup.lv<br />
  9. 9. SAN Group, SIA<br />Andreja street 7/9, <br />Ventspils LV-3601<br />Latvia<br />Tel.: (+371) 63627027<br /> Fax: (+371) 63627028<br />E-mail: info@sangroup.lv<br />www.sangroup.lv<br />

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