[BUYING AND SELLING REAL ESTATE IN LATVIA]
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Reciprocal Protection of Investment and such agreement has been approved by the Parliament of Latvia prior to 31 December 1996; or 4) private individuals or legal entities from the countries, which have concluded an agreement with the Republic of Latvia for the Encouragement and Reciprocal Protection of Investment after 31 December 1996, and the respective concluded agreement prescribes the rights of the private
registered by a citizen of Latvia, citizen of the EU member state or EEA country, or citizen of Member States of the Swiss Confederation and the Code of Liberalisation of Capital Movements of the Organization for Economic Cooperation and Development; 3) a co-operative society, if all the members of the society are legal subjects mentioned in clause 1), 2), 3) or sub-clause a), b), d) of clause 4); 4) other legal subject registered in the EU member state, EEA country or in the Swiss Confederation or in a Member State of the Organization for Economic Co-operation and Development, which can be compared to the above individual merchant, individual undertaking, or co-operative society; 5) religious organizations registered in Latvia; the activity whereof is at least 3 years; 6) associations and foundations registered in Latvia, the activity whereof is at least 3 years, and the purpose of activity whereof is related to the environmental protection, production of agricultural cultivated plants or products, or hunting management or maintenance, if the land is acquired to ensure the mentioned purpose of activity. Other private individuals and companies that do not correspond to the
individuals and legal entities from Latvia to acquire land in the respective country; d legal subjects registered in Latvia, EU, EEA country or in the Swiss Confederation or in a Member State of the Code of Liberalisation of Capital Movements of the Organization for Economic Co- operation and Development, if the respective legal subject has been registered in Latvia as a taxpayer or as a commercial activity performer and if the legal subject is: 1) an individual merchant owned by a citizen of Latvia, citizen of the EU member state or EEA country, or citizen of Member States of the Swiss Confederation and the Code of Liberalisation of Capital Movements of the Organization for Economic Cooperation and Development;
2) an
individual
undertaking
ILN Real Estate Group – Buying and Selling Real Estate Series
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