ABLV Bank, AS|
23 Elizabetes Street
Riga, LV-1010, Latvia
Tel: +371 6777 5222|
Fax: +371 6777 5200
Client line: +371 6777 5555
A residence permit allows travelling in Schengen area without visa. Moreover, you don’t need to stay in Latvia permanently to maintain the residence permit.
As the object of the required investment the client chose real estate. According to the criteria outlined by the client, we picked out an excellent apartment in Jurmala and completed the necessary documents to obtain a residence permit.
Two months after the first discussion of this issue with us, the client and his family have received the desired status. Now they are free to travel around Europe and always have the opportunity to stay in their apartment in the beautiful resort town on the Baltic coast.
Head of Private Banking Department West
We organized a bank meeting with the client, the apartment seller and our representative. To close the deal successfully the parties agreed to use the escrow account through which our client was able to buy the chosen apartment without any worry. The seller was also satisfied with the payment procedure, because the escrow account supported his interests as well.
Since our client became the owner of real estate in Latvia, we also proposed to arrange the residence permit in Latvia for her family that would allow them to travel freely in the European Union. Within a few weeks this issue was successfully fixed, and our client’s confidence in our bank strengthen even more.
Head of Private Banking Department East