Download Latvia Immigration Information
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This is the shortest and the quickest way of obtaining Latvian TRP. You just need to make a financial investment in tune of LVL 200000 (Euro 286000 or around INR 2 crore) in subordinated capital of a credit institution (debt or debentures) or a term deposit.
The deposit term is irrevocable 5 years
Investment carries an annual rate of interest at 5 %
Interest on the investment is transferred half yearly
The agreement signed is irrevocable and you don’t have privilege of terminating or carry out premature withdrawal of this deposit
Bank account can be opened with help of valid passport or the national Identity document. Migrants from countries with reciprocal visa agreements must have a passport with entry permission stamping. The institution also requires evidencing the source of funds and record of the nature of transactions.
This is an accelerated mode of attaining Temporary residence permit of republic of Latvia as the whole formality is completed within a couple of days and as the institution issues statement confirming of opening of deposit and completing other necessary formalities, you can immediately apply for TRP for yourself and tour kin.
For quick reference 1 LVL = App 2 USD
Latvia Temporary Residence Permit Overview
Latvia Temporary Resident (Latvia TRP) by investing in Real Estate
Latvia Temporary Residence Permit (Latvia TRP) – By Investing in Equity Option