2013 saw a wave of European investment immigration sweeping the globe, with numerous European countries extending invitations and introducing various policies for citizenship and residency. Latvia is a highly popular Eastern European country. Since the implementation of the amendments to the "Latvian Immigration Law" on July 1, 2010, Chinese citizens have frequently inquired with the Embassy of the People's Republic of China in Latvia regarding obtaining temporary residence permits through property acquisition, business investment, and fixed-term deposits. To ensure the safety of investment activities by Chinese citizens, the Embassy of the People's Republic of China in Latvia has issued the following notices.
To avoid unnecessary risks during the process of investment immigration to Latvia, the Embassy of the People's Republic of China in Latvia reminds you to note the following:A. For property investment immigration, be sure to compare multiple options, conduct on-site inspections, carefully read commercial terms before signing contracts, and understand property management and maintenance matters in advance.B. For business investment immigration, be sure to assess the market risks of the proposed investment enterprise, verify the qualifications of relevant guarantee companies and the amount of statutory compensation reserves, and be wary of financing fraud.C. Currently, the number of immigrants residing in Latvia is increasing, and the Latvian government strictly reviews work permit applications for foreign immigrants. Chinese citizens intending to immigrate and settle in Latvia must thoroughly understand Latvia's immigration work permit policies(e.g., business investment immigrants cannot apply for work permits in Latvia) to avoid being unable to sustain a livelihood while residing in Latvia.
In case of an emergency, please contact the Embassy of the People's Republic of China in Latvia for assistance, or consult with Worldway's senior immigration consultants for free at:400-138-2929.
