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The proposal to increase the threshold of real estate investments in Latvia to obtain a residence permit has been rejected

03.04.16
In December 2015 the Sejm of Latvia made ​​a proposal to increase the amount of investment in the local real estate to be eligible for a temporary residence permit. If you now need to invest 250,000 euros in this proposal it has been going on for 300 000 euros.
It is proved by the fact that the increase required to obtain a residence permit investment amount will reduce the number of foreigners applying for it, which can be useful for the country in terms of security. Deputy Edwin Schnoor, who made the proposal, shared his concerns over the increasing number of Russian-speaking community in Latvia.
However, as it became known, the proposal was rejected by the Parliamentary Commission on Defense, Internal Affairs and Corruption Prevention.

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