Obtain an EU national ID card and travel freely within the Schengen area
Oracle Capital Group offers full advisory services and support in obtaining an EU national ID card via a Latvian Residence Permit. Fulfilling any one of the three criteria below would allow a person to apply for a 5 year residence permit in Latvia:
OPTION 1: PLACEMENT OF TERM DEPOSIT
Worth a total of approximately 200 000 LVL, which at the current rate of the Bank of Latvia equals ~ 300 000 EUR at 4% per annum or ~ 400 000 USD at 5 % per annum within Latvia for a minimum term of 5 years.
Fastest and easiest way to the residence permit.
OPTION 2: INVESTMENT IN REAL ESTATE
With a value of greater than 143 000 EUR in Riga or any other major city in Latvia, or with a value of 72 000 EUR in other region of Latvia.
OPTION 3: INVESTMENT IN A BUSINESS
The amount invested shall be greater than 36 000 EUR, and the business shall pay an annual tax of more than 28 000 EUR. In the event where an amount invested in the business is greater than 143 000 EUR, there is no additional requirement placed on the amount of taxes payable by the business.
Should you wish to get in touch, please refer to contact details provided below.
Business Development and Origination Manager
T: +44 207 725 6937