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Monday 26.02.2018 | Name days: Mētra, Evelīna, Aurēlija

Residence permit recipient in Latvia – married and educated

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As of 2010, when the amendments in the Law “On Emigration” were approved, 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.

“The total amount of foreign investments into Latvian real estate comprises 38 million EUR. According to our figures, around 1.5 million EUR has been additionally invested into the sector of real estate by this day. Many investment projects are at the stage of consideration or analysis, and their sum might comprise up to 10 million EUR this year only. The biggest interest is triggered by the objects of 143-200 thousand euros. 68% of deals have been made in this segment. In the range of 200-350 thousand EUR – 20% of deals, higher than 350 thousand EUR – around 12% of deals”, – says Vestards Rozenbergs.

Mikhail Parinov, Chairman of the Board of JSC “Padva un Partneri Baltija” said: “Our data is confirmed by the figures of the government institutions: the biggest part of investors – citizens of Russia – approximately 75%. They are followed by the citizens of Ukraine and Kazakhstan. Other world powers, on the other hand, are not actively presented. This can be explained by the fact of wide distribution of the Russian language in the territory of Latvia. Major part of Russians, in turn, is represented by the residents of Moscow and Saint-Petersburg. The “furthest” Eastern investor lives in Southern Ural region. Apparently, the residents of the other part of Siberia and Far East plan their lives orienting towards China and countries of South-eastern Asia”.

According to him, 15 % of investors are in the age of up to 30. Comparatively large specific weight of this group can be explained by the factor of “grown-up kids”, namely the biggest part (3/4) is constituted by the children of legal age, who have invested together with their parents or at their expense; age group from 30 to 45 years comprises 52% of the total number of investors; from 45 to 60 years – 27%; older than 60 years – approximately 6%.

An average family of an 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.


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  1. JPR says:

    Russian mafia…

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  2. Miroslav says:

    You can get a resident permit valid for 5 years in Slovenia for 1500 euros.This is valid in the entire Shengen area .So why pay much more in Latvia to feed up the corrupt politicals.

    Thumb up 0 Thumb down 0

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