President Valdis Zatlers to promulgate amendments to Immigration Law

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Excert from The Baltic Course

  • At the second review of the amendments to the Immigration Law on April 22, the Saeima significantly altered several conditions in the amendments in accordance with Zatlers’.
  • Five – year residence permits will also available to persons who buy property in Riga with a total  transaction value of no less than  LVL 100 000, or a property outside Riga where the total value of transaction is no less than  LVL 50.000.
  • The provision previously accepted by Saeima but not promulgated by the president had based the property value not on the value of transaction, but on the property’s cadastral value.