The Reasons for Significant Limitation of the Program of Temporary Residence Permits for Foreigners Who Have Invested in Immovable Property in Latvia

Riga Technical University 58th International Scientific Conference “Scientific Conference on Economics and Entrepreneurship” (SCEE’2017): Proceedings 2017
Jānis Viesturs, Ineta Geipele, Iveta Amoliņa, Irakli Nikuradze, Jānis Vanags

There exists sharp competition amongst nations regarding increasing foreign investments therefore nations are willing to offer foreign investors and their families some type of political bonus such as a temporary residence permit, permanent residence permit or even citizenship. The simplest way to entice investors is to offer them and their family members temporary residence permits in exchange for investments - simply by purchasing immovable property (via the so-called “Golden Visa” programme). Such a programme was launched in Latvia in 2010, however it was significantly limited in 2014. This research will 1) compare the “Golden Visa” programmes in different countries in the world; 2) determine the impact of the programme on the economy of Latvia; 3) search for the main reasons why limitations were applied to the temporary residence permit programme in 2014, which caused a significant decrease of the international investments in Latvia.

Atslēgas vārdi
temporary residence permits, international real property transactions, land foreignization, Golden Visa.

Viesturs, J., Geipele, I., Puķīte, I., Nikuradze, I., Vanags, J. The Reasons for Significant Limitation of the Program of Temporary Residence Permits for Foreigners Who Have Invested in Immovable Property in Latvia. No: Riga Technical University 58th International Scientific Conference “Scientific Conference on Economics and Entrepreneurship” (SCEE’2017): Proceedings, Latvija, Riga, 13.-14. oktobris, 2017. Riga: Riga Technical University, 2017, 57.-58.lpp. ISBN 978-9934-22-000-5. ISSN 2256-0866.

Publikācijas valoda
English (en)