Latviski English По-русски
Ceturtdiena 19.07.2018 | Name days: Jautrīte, Kamila, Digna

Residence permit recipient in Latvia – married and educated

(No Ratings Yet)

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.


Leave a reply

  1. JPR says:

    Russian mafia…

  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.

House arrest of Russian theatre director Serebrennikov extended

A court in Russia prolonged the house arrest of Kirill Serebrennikov, a leading Russian theatre and cinema director, until August 22 as he waits for a criminal trial charged with of embezzlement of state funds.

NCP picks Jurašs, Strīķe, Bordāns, Feldmanis and Šuplinska as its headliners

Latvia’s New Conservative Party has picked Juris Jurašs, Juta Strīķe, Jānis Bordāns, Krišjānis Feldmanis and Ilga Šuplinska as its headliner candidates for Saeima elections.

Bank: residents spend an average of 50 to 100 euros on health every quarter

84% of residents aged 18 to 74 have used medical services in the past three months. Only 5% of all costs were covered by health insurance, according to a survey by Norvik Banka.

Countries sign third Rail Baltica co-financing agreement

Connecting Europe Facility co-financing agreement for the construction of Rail Baltica railway infrastructure was signed by participating member states on 13 July. The value of the agreement is EUR 130 million. CEF’s contribution will reach EUR 110 million, which is equal to 85% of all applicable costs, as confirmed by RB Rail communication consultant Ligita Brodiņa.

Saeima plans to increase compensations for child victims

Saeima’s Legal Affairs Committee supported for the third reading amendments that provide for increasing state compensations to child victims.

Sweden asks for help to fight wildfires behind Arctic Circle

Sweden has called for help of European Union neighbours to put out wildfires, some raging in territories behind the arctic circle.

Latvijas Krajbanka administrator recovered EUR 1,038 million in June

The administrator of the liquidated Latvijas Krajbanka recovered EUR 1,038 million in June, which is 6.9 times more than a month prior, according to the official outlook published in Latvian Herald.

Estonians warned of heat wave, high UV radiation

Weather forecasters in Estonia have warned the population of hot weather conditions, because temperatures are forecast to reach 30-31 degrees Celsius this week.

Minister says police have leads in Bunkus murder case

Police have found new leads in the murder case of former insolvency administrator Mārtiņš Bunkus, said Interior Affairs Minister Rihards Kozlovskis in an interview to 900 seconds programme of LNT.

Average EU market prices for dairy products grew in May

Compared to April, dairy product prices in Latvia did not increase in May. In the EU, however, average market prices continued growing in May, according to information compiled by Agriculture Ministry’s Market and Direct Support Department.

ECHR: Russia violated human rights in Pussy Riot and Politkovskaya cases

The European Court of Human Rights (ECHR) has found Russia guilty of human rights violations in its handling of two high-profile cases – its arrest and conviction of Pussy Riot protest group in 2012 and the investigation into journalist Anna Politkovskaya's murder.

Draft making eID card a compulsory document from 2023 onward remains inactive

Latvia’s government has yet to review the legislative draft that makes electronic ID card a compulsory personal identification document for all residents of Latvia older than 15.

Latvia imported 7% less cigarettes in five months of 2018 than it did a year ago

In the first five months of 2018, Latvia imported 1.828 billion cigarettes, which is 7% less than the amount imported in the same period of last year, according to data compiled by the State Revenue Service.

EU's largest free trade agreement signed with Japan

A free trade agreement between the European Union and Japan has been signed and is to apply to close to a third of the world's gross domestic product and the economic activity to 600 million people.

Will Latvians know who elects their president? Draft on open vote «on the move»

On Tuesday, 17 July, Saeima’s Legal Affairs Commission decided to submit for the first reading amendments to the Constitution of the Republic of Latvia that provide for holding election of the country’s president in the Saeima through an open vote, as reported by the parliament’s press-service.

Schengen information system to help prevent tractor theft cases in Latvia

Latvia’s Cabinet of Ministers has supported amendments to the Operation of the Schengen Information System developed by the Interior Affairs Ministry. The aim of those amendments is providing access to the system to ensure public order and security in member states, the ministry explains.

Ministry declares no more free plastic bags for shoppers

From 1 January 2019 onward supermarkets will no longer provide plastic bags to customers free of charge. This will not apply to very light plastic bags, as confirmed by Latvia’s Environment Protection and Regional Development Ministry.

EY auditor’s work in ABLV Bank’s liquidation will be managed by its Polish office

The work of EY work in ABLV Bank’s liquidation process will be managed by its Polish office, as confirmed by company’s representatives.

Estonia sees no geopolitical change after U.S.-Russian summit in Helsinki

Estonian Foreign Minister Sven Mikser has commented cautiously that the U.S.-Russia summit in Helsinki is unlikely to bring fundamental change in the relations between the West, NATO military alliance and Russia.

airBaltic carried record large number of passengers in June

Latvia’s national airBaltic airline carried 1,876,839 passengers to destinations in Europe, Scandinavia, Russia, CIS countries and the Middle East in the first six months of 2018. This is 20% more when compared to the same period of last year, as BNN was told by the company.

Police to investigate possible MPC fraud at Tukums DH CHP plant

One of the largest CHP plants in Kurzeme – SIA Tukums DH – may have been squandering produced heating energy for a long time, which is a serious breach of mandatory procurement component governing rules, TV3 news reports.

Estonian holidaymakers die in Ukraine, media report

Three Estonian holidaymakers in Ukraine, have been found dead in a hotel in the Black Sea resort town of Odessa last weekend, Estonian media report without identifying the three young men.

Languages «a must-have». An interview with ex-president about political market methods and communist approach

There are two ways a political market is realized during closed presidential elections: one involves approval of candidates in exchange for votes, and the other – for money. If it’s the latter, it is best for no one to know how elections are performed. Harmony, which now stays quiet about open elections, has always been against this proposal, because it does not allow for creating a political market – sale of votes in exchange for influence, which has been done before...

Migration from Baltics, Eastern Europe to UK lowest in years

Migration to the UK from the Baltics and other member states of the European Union has been the lowest it has been for nearly four years in 2017, Britain's official statistics show.

Putin in Helsinki denies U.S. election meddling, Trump doesn't object

At the Russia-U.S. summit Helsinki, a key development has been differences in the attitude by U.S. federal officials to Russian interference in the American election process. Days after Washington charged 12 Russians with hacking the computer systems of U.S. officials, U.S. President Donald Trump has accepted the denial of Russian responsibility expressed by Russian President Vladimir Putin.