Latvia government created a draft bill for immigration law and plans to adopt the new regulation this autumn.
What are the anticipated changes?
- Real estate investment (250,000 euro) will be cancelled
- The business investment will result in a 2-year residence permit only (instead of 5-year)
- The government fee will increase.
In summary, you have to pay more for less.
We at RCP and Latvindia are preparing a proposal for the bill addressed to the Latvian parliament. The proposal is to improve the conditions of applying for a Latvian residence permit and ease the procedure. However, the chances are not very high.
What can you do now?
If you start your application within two months, you can surely get your latvian residence permit under favourable conditions. Latvia offers the cheapest and easiest European residence permit.
It is the right time to act and get the best deal.