Residence permits in Latvia

Residence permits in Latvia

As of 2010, when the amendments in the Law “On Emigration” were approved by governmet of Latvia, according to the recent figures of the Office of Citizenship and Migration of the Republic of Latvia, the total amount of foreign investments into the Latvian economy comprises 347 million LVL.
The total amount of investors – near 1 700, not including their family members, according to the latest data from the Office of Citizenship and Migration.

An average family of investor consists of a married couple with two children. Each investor has at least one higher education. It is an interesting fact, that 60% have an education in humanities and only 40% -technical education. Approximately 60% of investors are salaried employees, while 40% are entrepreneurs, who run their own business.

Areas of activity of the investors, who have acquired the residence permit in Latvia in return for investments:

23% – service sector (transport, education, health protection, creative professions, etc.)

18% – financial sector (banks, investment and insurance enterprises)

18% – trade (wholesale and retail)

14% – civil engineering of real estate

10% – production

10% – housewives

7% – lawyers and consultants

Please find out advantages of immigration to Latvia.