Residence Permit in Latvia

Legal Baltic provides legal support in the obtainment of a residence permit in Latvia
Do you want to have a temporary residence permit in Latvia and to move freely within the whole Schengen zone without visa? Contact us and we will help you to choose the most convenient version meeting your expectations!

For more than 8 years, the attorneys and lawyers of the Legal Baltic provide legal support to non-EU citizens by the obtainment of a residence permit in Latvia. Our professionals and experienced employees will help you to prepare necessary documents in a proper and quickly manner.

On 1st of September 2014 amendments in law about immigration went into force. These amendments allow foreigners to receive a residence permit in Latvia for purchasing a real estate In Latvia, investing in subordinated capital (deposit) in one of Latvian banks or investing in business, company's capital owned by resident of Latvia.

In these cases investor has a chance to be eligible for receiving a residence permit in Latvia for 5 years with reregistration and they need to be prolonged by filing an application 90 days at the maximum and 30 days at the minimum before the existing Latvian temporary residence permit expires.

How Do We Get Your Residence Permit in Latvia?

There are several ways to obtain a residence permit in Latvia for foreign persons. Currently Latvian residence permit by Investment ( Buying a real estate - Long term deposit in bank ) is the best solution to obtain residence permit in europe, for those which can afford it.

In case of business Immigration before starting all the initial process you need to register a Latvian company or the branch of your current company or to buy already existing registered company in Latvia.

Currently Legal Baltic offer 4 ways to obtain a temporary residence permit in Latvia for non-EU citizens:

✔ Latvia residence permit through establishing a company
✔ Latvia residence permit through investing in business, company's capital
✔ Latvia residence permit through purchasing a real estate
✔ Latvia residence permit through investing deposit) in one of Latvian banks

Residence permit in Latvia through investing in business, company's capital

In case you would like to Latvia residence permit through investing in business, company's capital owned by resident of Latvia minimum amount of 35,000 EUR must be invested in a running business managed by the local person; also the company must pay a total of at least 40,000 EUR of taxes into the state budget annually.

Residence permit in Latvia through purchasing a real estate In Latvia

Just buy a real estate in the Latvia, and you will receive a Temporary residence permit (TRP) in Latvia which is valid for 5 years. The total costs comes starting around 280,000 EUR for the real estate and it takes about 3 months to receive the residence permit.

The minimum real estate investment is 250,000 EUR plus a 5 % State fee on the purchase price. Non-EU investors will be issued TRP`temporary residence permit with annual renewal. You have to visit Latvia while renewing the permit, takes 7-10 days. The TRP, residence permit issued is a biometric card. It is also issued to any family members ( wife and kids under 18 years ) accompanying with the investor.

Residence permit in Latvia through investing in subordinated capital (deposit) in one of Latvian banks

The amount of bank deposit must be at least 286,000 EUR; and the term of transaction must be at least five years without the right to terminate it prior to the term of repayment of the deposit. Apart from that, a one-time duty of 25,000 EUR non-returnable must be paid into the state budget when the decision in the Migration Department of Latvia will be made.

What is the Procedure?

Legal Baltic offers and will help you to prepare all necessary documents to obtain residence permit in Latvia by 4 different ways. 1. Registering a new company, 2. Investing in business (company's capital), 3. Purchasing a real estate In Latvia, 4. Investing (deposit) in one of Latvian banks.

✔ If you do not have an appropriate visa – we will make a business invitation for a Latvian visa and you have to apply for a Latvian visa in the nearest Latvian embassy. After that you will have to come to Latvian Migration Department to submit your documents/case.

✔ The time for obtaining a residence permit in Latvia includes the period necessary to review the submitted documents which is 5 to 30 days depending on the amount of fee paid. Additional time may be needed for sending documents by mail.

✔ If an additional verification by the foreigner is necessary or if a foreigner applies for residence permits for his or her spouse and minor children, the term can be extended for up to 90 days. A foreigner has to come to Latvia to obtain a residence permit no later than 3 months after being granted the permit.

We Will Take Care of Your Temporary Residence Permit Renewal

At the termination of that period (at least, 1-3 months before the end of the current existing Latvia Temporary Residence Permit) you are required to refer to the Migration Department of Latvia for the Residence Permit renewal / extension.

Legal Baltic experts have been working in this field for a long time. So, we will prepare all necessary documents. Our experience and close work with the Migration Department of Latvia will let you extend your residence permit in Latvia without any problems and you will save your time and money and you can further reside in Latvia.

Bringing Your Family to Latvia with you?

If you have already a TRP, you can bring your family members: wife and kids under 18 years they can automatically apply for a Temporary Residence Permit in Latvia. They will have to provide only standard documents for immigration to Latvia – an application form, photos, passport copies, copy of birth certificate and prove that they have enough money to live in Latvia.

Usually, if a person has already a TRP and works in a Latvian company or has its own savings in the bank account it is enough to show for Latvian Migration Department. Moreover, the family can also arrive and visit the family member, with visitor visa.

It takes time, effort and money to prepare all needed documents for family members entering the European Union, but our managers and consultants will help you to prepare and collect the necessary documents to the family members to come and successfully enter the university or school quickly, at an affordable price, without stress and not putting off the entrepreneur from his/her direct work.

We will recommend few kindergartners, which you can select on your own discretion. Also we can offer Latvian language lessons in collaboration with the universities, moreover we will give all needful information for successful and perspective spill into the new society.

Permanent Residence Permit to live in Latvia

To receive a Permanent Residence Permit in Latvia, the Client must live continuously in Latvia for 5 years, and pass a Latvian language exam. You can obtain the Latvian Passport after 10 years of living in Latvia.

Apply for Temporary Residence Permit in Latvia with us and you will be able to work, do business and live in Latvia freely. Moreover, with a Latvian residence permit you can free travel (no limits of days to stay), do business, study, work and enjoy your life through whole Schengen area.

Lawyers of Legal Baltic advise and help to collect all the documents necessary for the registration of your company or to find profitable business to invest in their capital, also helping you to find the right property to buy and purchasing procedures, helping you in all the stage of bank investment paperworks.

Do not hesitate to contact us if you should be interested in obtaining a Latvian residence permit. The Latvian residence permit posibilities are very flexible and can be considered as one of the best for non-EU citizens who would like to get access to the EU and the Schengen zone.

Do you need free consultation? Feel free to Contact with us
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