Member of the board or CEO of a company (SIA/AS) in the Republic of Latvia

According to Republic of Latvia immigration law, members of the executive bodies of limited liability companies and joint-stock companies, including members of the board and council, proxies, administrators, receivers, and their family members, are eligible for temporary residence permits in Latvia given several criteria. The minimum authorised capital of a SIA must be no less than EUR 2800, the company should have been registered at least 1 year prior to the residence permit application, the minimum remuneration for the member of the board is EUR 2286 per month, and the total tax payments should be no less than EUR 21,500 per year. The aforementioned categories of foreign nationals are also eligible for annual extension of their Latvian (Schengen) residence permits.