European Union Residence Permit 

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Residence Permit in Latvia

In addition to the services of opening and maintaining business, AFORTIS Group provides legal support in the obtainment of a residence permit in Latvia. A residence permit is a document allowing a foreign citizen to stay in the territory of the Republic of Latvia for a certain period (temporary residence permit) or permanently (permanent residence permit). Also, a residence permit in Latvia allows visa-free entry and exit of foreign citizens to any of the countries of the Schengen area. Persons with residence permits in Latvia have the right to study in Latvia, to work, to use medical services, and to issue invitations for visas to their relatives. With a residence permit in Latvia, you and your family will be able to use several other advantages, including a facilitated procedure for obtaining a visa to the United States, the United Kingdom and other countries.

Benefits of a residence permit in Latvia:

  • Un unlimited stay on the territory of Latvia during the validity of your residence permit.
  • Free movement in Schengen countries during the validity of your residence permit.
  • When you get a residence permit, your family members (spouse and their underage children) also have the right to obtain a residence permit in Latvia
  • Special conditions of credit to persons who have obtained a residence permit./li>
  • Subject to permanent residence in the territory of Latvia for 5 years, you and your family have the right to apply for permanent resident status in Latvia (permanent residence). In this case, your absence in Latvia in total should not exceed a year and it is necessary to pass an examination for knowledge of the Latvian language.
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Now, the legislation of the Republic of Latvia provides the following grounds for obtaining a residence permit in Latvia for investors and individuals wishing to work in Latvia:

  1. Employment in a Latvian Company

A work permit is issued either in conjunction with a Schengen visa issued by the Consulate of Latvia or a residence permit in Latvia. The residence permit is issued by the Migration Service of Latvia. The minimum wage requirements for a foreign citizen are 1076 EUR. The residence permit is issued for a period of 5 years with an annual extension.

The procedure for obtaining a residence permit in Latvia, based on employment in a Latvian company, consists of the following stages:

  • A Latvian company publishes a vacancy in the State Employment Service of Latvia.
  • If within 10 days, none of the local citizens has approached the nominated requirements, a Latvian company draws up a foreign citizen’s call to the migration service of Latvia.
  • A foreign citizen collects documents to obtain a residence permit. The documents are filed in the embassy of Latvia in the country of citizenship or permanent residence of the employee.
  • The employee receives a decision of the migration service of Latvia to issue a residence permit a work permit in a Latvian company.
  • An employee undergoes a fluorography in a Latvian medical institution and receives an identification card in the migration service in Latvia.

For more information, please contact us.

2. Investment in Capital of Latvian Company

A foreign citizen has the right to apply for a residence permit, if he has contributed to the authorized capital of the Latvian company in an amount not less than:

  • in the amount of at least 50 000 EUR if such company has no more than 50 employees and its annual turnover does not exceed 10 000 000 EUR. This investment is a basis for obtaining a residence permit for no more than 10 foreigners, if each of them contributed the above, and paid a one-time fee of 10 000 EUR.
  • in the amount of at least 100 000 EUR if such company has more than 50 employees and its annual turnover does not exceed 10 000 000 EUR.
  • in the amount of at least 100 000 EUR if such company and its subsidiaries has more than 50 employees and its annual turnover does not exceed 10 000 000 EUR.

For more information, please contact us

3. Board Member

A residence permit may be issued to a foreigner as a third country citizen as a member of a partnership with rights to represent a partnership, a Board Member, a Council Member, a proctor, an administrator, a liquidator or a person who is authorized to represent a merchant (a foreign merchant) in activities related to the branch:

  1. A Latvian company or a branch of a foreign company that was registered more than one year ago;
  2. A Latvian company or a branch conducted an active economic activity and brought economic benefits to the Republic of Latvia within a year before a residence permit;
  3. A Latvian company has an authorized capital of at least 2 800 EUR at the time of an application submission for a residence permit.

For more information, please contact us

4. Buying a Property

If the foreigner in Riga or Jurmala, or in Adazi, Babite, Baldone, Carnikava, Garkalne, Ikskile, Kekava, Marupe, Olaine, Ropazi, Salaspils or Stopini municipalities has acquired and owns one functionally connected immovable property (with exception of the case when the immovable property represents a vacant land), which value is at least EUR 250 000, or outside the said administrative territories – no more than two immovable properties (with exception of the cases when the immovable property represents a vacant land) and each of them represents one functionally connected immovable property, total value whereof is at least EUR 250 000, if conditions as follows are present at the same time:

  • A foreigner does not have and has never had payment debts of immovable property tax;
  • the total value of immovable properties was paid for by non-cash settlement;
  • immovable property which has been acquired from a legal person registered in the Republic of Latvia or a European Union Member State, European Economic Area State or the Swiss Confederation, which is a taxpayer in the Republic of Latvia within the meaning of the laws and regulations governing the field of taxes of the Republic of Latvia, or from a natural person who is a citizen of Latvia, a non-citizen of Latvia, a citizen of the European Union or a foreigner who is staying in the Republic of Latvia with a valid residence permit issued in the Republic of;
  • cadastral value of immovable property at the time of acquisition thereof was not less than 80 000 EUR. If a foreigner has acquired two immovable properties outside Riga or Jurmala, or in Adazi, Babite, Baldone, Carnikava, Garkalne, Ikskile, Kekava, Marupe, Olaine, Ropazi, Salaspils or Stopini municipalities, cadastral value of each immovable property at the time when it is acquired is at least 40 000 EUR. If the cadastral value is less than that indicated in this Sub-paragraph, the value of immovable property may not be less than 250 000 EUR according to the market value of immovable property determined by a certified assessor of immovable or, if a foreigner has acquired two immovable properties, — the market value of each immovable property may not be less than 125 000 EUR;
  • the composition of the immovable property does not include land for agricultural use or forest land.

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5. Government Securities

A foreign citizen has the right to obtain a residence permit if he/she has purchased for special purposes state interest-free securities with a nominal value of at least 250 000 EUR and paid a one-time fee of 38 000 EUR after receiving a residence permit.

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6. Subordinated Deposit

If the foreigner has subordinate obligations with a credit institution of the Republic of Latvia in an amount of not less than 280 000 EUR and the term of transaction entered into with such a credit institution is not less than five years and, requesting the first temporary residence permit, he or she pays 25 000 EUR into the state budget.

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