Latvian Saeima adopted amendments to the investor program residence permit in Latvia

Since September 1 in Latvia by 107 thousand euros – from 142 to 250 thousand euro – increase the minimum investment amount for obtaining a residence permit through the property (permit) for foreigners.
Latvian Saeima on May 8 in the final reading approved amendments to the Immigration Act, stipulating an increase up to 250 thousand euros price of real estate, design fit for a residence permit foreign nationals. Despite the fact that the Latvian Saeima decided to raise the investment threshold, the Latvian immigration program becomes every month more and more popular and in demand among investors from CIS countries: in the period from July 1, 2010 to May 8, 2014 to 11 601 person has been issued a residence permit (9545 of them through real estate).
It should be noted that the purchased (ie ownership rights) property before September 1, 2014 (ie, the current threshold amount of 142 300 euros), you can apply for a permit and after September 1, 2014 under the old rules .

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