Post by keepermountain on Sept 16, 2021 22:50:01 GMT
In order to apply for a residence permit in Latvia on the basis of financial investments in a bank, you need to deposit at least 280,000 euros into the bank in the form of subordinated capital and pay 25,000 euros to the state. Subordinated capital is funds that a bank borrows from a client for a period of at least 5 years (for example, a corporate bond, but if the corporation is a bank). If you choose this option, then you should know that the term of your residence permit will be the same as the term of the subordinated capital (bond length). Banks usually assume all risks. Also, it's worth noting that the bank pays you interest just like any other bond, so this can be a good, low-risk way to ensure a return on your investment and grow your capital over time along with your residency. ... The interest rate will be agreed in advance and hence this option effectively guarantees a return on your investment, although it may not provide the same level of liquidity that you see when buying a property when you have the opportunity to sell it at a price. any time. ...
Last year, only 208 investors applied for a residence permit based on investments made in Latvian banks. Since 2010, the total investment has been estimated at around 75.7 million euros.
Choosing between the options available can be difficult and requires careful consideration of your needs and circumstances. We will help you choose the most suitable solution for your needs, advise and make all the necessary calculations. We can also provide full legal support for any other part of the setup process to keep your investment a pleasant and hassle-free experience. www.immigration-residency.eu/residence-permit-latvia/bank-deposit/
Last year, only 208 investors applied for a residence permit based on investments made in Latvian banks. Since 2010, the total investment has been estimated at around 75.7 million euros.
Choosing between the options available can be difficult and requires careful consideration of your needs and circumstances. We will help you choose the most suitable solution for your needs, advise and make all the necessary calculations. We can also provide full legal support for any other part of the setup process to keep your investment a pleasant and hassle-free experience. www.immigration-residency.eu/residence-permit-latvia/bank-deposit/