One of the main programs dedicated to non-EU citizens is the Start-Up Visa program which was launched in 2012. Latvian residency is especially attractive as it provides visa-free access to Schengen Area member states and facilitates visa application to other developed countries. Foreign investors who want to open a company in Latvia can obtain a residence permit in specific situations. 012 997 2882 navrae@doringenrosie.co.za. Required Documents For detailed information on how to move to Latvia and obtain residence as a businessman, we kindly invite you to ask our Latvia lawyers who specialize in immigration about the entrepreneur visa. If you decide to move to Latvia as an entrepreneur, you will also be allowed to obtain employment within the company you purchase. They can apply for permanent residence if they intend to live in Latvia for more than 90 days or 3 months.Permanent residence for non-EU citizens is also available under the Golden Visa Scheme, however, this program targets wealthy individuals who want to move to Latvia  based on investments. As of 2 April 2012 the residence permit is issued in the format of the identification card, therefore biometrics details must be delivered prior to receipt of the residence permit (fingerprints (starting … If you get an EU long-term residence permit, you will enjoy almost the same rights as the nationals of the country you are living in. Latvindia offers safe European investment with considerable profit, investors get a residence permit for five years and free movement in Europe. With the help of our lawyers, immigration in Latvia  can become simpler, as all the requirements will be explained in detail. The Latvia permanent residence permit is granted under certain conditions and it depends on the nationality of the applicant. A residence permit is a document providing a foreigner the rights to reside in the Republic of Latvia for a definite period of time (a temporary residence permit) or permanently (a permanent residence permit). Moreover, you can invite your relatives for visa purposes, up to and including second-degree relatives. https://www.henleyglobal.com › residence-investment › latvia Foreign citizens working in Latvia  based on a temporary work permit are required to apply for renewal depending on the sector they work in. Once the visa is obtained, you will need to buy an Latvia company or register as a sole trader. However, we decided to present you with other 5 more benefits of Latvia permanent residency.The other 5 advantages which can be obtained alongside permanent residence in Latvia are: the holders of permanent residence permits have similar rights to those of Latvia citizens; Tuis; Wie is ons; Kalender en Nuus; Foto’s en aktiwiteite; Dienste en Tariewe Those who have valid temporary residence permits and have not met the 5-year living requirement are also restricted for applying for permanent residency until the last requisite is fulfilled. The Permanent Residency Permit (Niederlasssungserlaubnis) and the EU Blue Card are two residence permits that allow Non-EU/EEA citizens to stay in Germany for longer period or maybe the rest of their life while enjoying all benefits. In 2007, Latvia joined Europe’s Schengen Area, which brought significant benefits to the country’s citizens and residents. Benefits of the EU Long Term Residence Permit. Benefits. A residence permit is a document providing a foreigner the rights to reside in the Republic of Latvia for a definite period of time (a temporary residence permit) or permanently (a permanent residence permit). The last and perhaps the most important advantage is the possibility of obtaining Latvia citizenship. The applicant should provide evidence on a university graduation certificate. However, you are also entitled to have certain benefits, and namely: a maternal benefit and parents’ benefit. “Continuously” means that your absence from Latvia during these given 5 years should not exceeded 6 consecutive months or altogether does not exceed 1 year. There are many benefits of Latvia temporary residence. In 2014, the number of such applications exceeded 2,500. According to PMLP statistics, in 2010 2,495 first-time temporary residence permits were issued and a remarkable 6,123 first-time permanent residence permits. Last updated on January 25th, 2021 at 06:55 am, Latvia Residence Permit 2021 Check Permit benefits & Apply for Latvia Residence Permit Online :- Check Latvia residence permit benefits and apply for Latvia residence permit 2021. get Latvia residence permit 2021, residence permit Latvia cost and how to check Latvia residence permit. Once you move to Latvia , you will be granted a residence permit for a limited period of time. Last year, just 82 applications for temporary residence permits were received in Latvia. Latvia has been a member of the UN since 1991 and a member of the EU and NATO since 2004. The most popular way to obtain an investment-based residence permit is by purchasing property. The drop-off in applications has been sharp. 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). Latvia offers residence permit to those who invest in the country. so if you have a question – can i travel to europe with Latvia residence permit ? It shares Borders with Estonia, Lithuania, Belarus and the Russian Federation. ALL travelers currently arriving to Latvia from India are required to undergo 14 DAYS SELF-ISOLATION! If you intend to stay in Latvia for a period longer than three months, you are required to apply for a residence permit. Medical benefits: Resident Latvian citizens and noncitizens with residence permits. 012 997 2882 navrae@doringenrosie.co.za. After five years, the holder of a temporary residence permit may apply for permanent residence. In 2014, the number of such applications exceeded 2,500. Certain types of benefits (e.g. You can have 5-years renewable residency permit, which can include your family. – After permanent residency, the person is subject to the full social benefit system. Proof of income. If you are interested in immigration to Latvia  and want to apply for one of the visas available for foreigners, our lawyers can guide you. However, the applicant must prove they have sufficient financial means to support themselves and their dependents, as well as submit proof of their relationship with the dependents. Whereas the child’s father is entitled to be paid a paternity benefit. Returning to one of the best ways of obtaining Latvia permanent residency, we cannot skip the Golden Visa Program which requires: This program targets high net worth individuals who want to immigrate to Latvia  and one of its greatest benefits is that it offers the possibility of owning real estate in this wonderful country. Our immigration lawyers can explain the requirements related to immigrating to Latvia .Here are the 5 advantages of obtaining permanent residence in Latvia : Those who obtain permanent residence in Latvia  will usually have similar rights to Latvia citizens, except for voting rights. After ten years of legal residence it is possible to apply for Latvian citizenship (EU citizenship). The main benefits that come from an EU permanent residence card are: You will have access to … This way, those applying for a long-term residence permit will be automatically granted permanent residence after 5 years of continuous living in Latvia .Our immigration lawyers in Latvia  can explain the requirements for obtaining permanent residence permits. The Latvia government has enabled two programs under which investors from non-EU countries can relocate to Latvia . By law of the Republic of Latvia an Investor can apply for a residency permit. Coverage will change as of 2019. Depending on the type of residence permit, foreign citizens are required to renew their permits on a regular basis. Health insurance which covers expenses in the amount of 30,000 euros per year is also necessary. As a result, you may move to another EU country, you can live, study and work in that country, like Germany or Netherlands. Evidence of Health Insurance. So, if you’d like to obtain permanent residence, you must have actually (physically) resided in Latvia for at least four years out of five. Click on the play button to see the short video. Latvian residence permit allows you to visa-free travel to all Schengen states. Types of residence permits. What is the best way of moving to Latvia and obtain residence? There are several conditions imposed on both EU and non-EU citizens interested in obtaining Latvia Residence Permit. In their case, a simple declaration of presence with the police station of the city they live in is sufficient. You may apply for long term resident of European Union status after 5 years of living in Latvia. Then, after 10 years, citizenship is possible. the holders of permanent residence permits have similar rights to those of Italian citizens; Italy is one of the few European countries where permanent residence can be obtained after 5 years; the right to travel freely to all EU and Schengen area countries is another advantage of a permanent residence permit; access to a market in which a foreigner can work or even start his/her own business. We have an article about how to obtain permanent residence on different permit types that you can find here.. FOR YOUR FAMILY: Your spouse and your dependent children and parents are also included in the Program free of charge. Those who want to immigrate to Latvia  must enquire with the Latvia embassy or consulate in their countries and ask information on the documents needed.Non-EU citizens must first apply for a temporary residence permit which is issued for a period of 5 years, followed by the application for the Latvia permanent residence permit. All contact data given here is only intended for educational Purposes. EU Citizens, who hold a temporary resident permit and have lived in Latvia for 5 years or more, are eligible to apply for a permanent resident visa. Also, asylum seekers who in the process of obtaining recognition as refugees cannot apply for permanent residence until their status are clarified.Those who enter Latvia for humanitarian reasons seeking temporary protection cannot apply for Latvia Residence Permit. Indeed, this is one of the 5 most important advantages when seeking to obtain residency in Latvia . In these particular situations, the legal framework stipulates that a representative of the foreign company may apply for an intra-company transfer residence permit. This is also because Latvia  has very flexible immigration policies and many programs that help foreign citizens integrate with the local population. The main ways of obtaining Latvia Residence Permit, Latvia permanent residence for EU citizens, Applying for a permanent residence permit for non-EU citizens in Latvia, Documents required for an Latvia permanent residence permit, Restrictions for certain applicants for Latvia Residence Permit, The benefits of obtaining Latvia Residence Permit, Assistance in obtaining Latvia Residence Permit, Residence permits in Latvia for corporate situations, The Start-Up Visa for permanent residence in Latvia, The Latvia self-employment visa for foreign citizens. As a matter of fact, Latvia is one of the friendliest countries in Europe when it comes to the facilities offered to third-country individuals moving here. There are many ways a non-EU citizen can use to obtain Latvia Residence Permit and with the help of our lawyers they can find the one suiting them best. Copyright © 2021 Golden Era Education | Powered by [B.L Rakhla], Latvia Residence Permit 2021 Check Permit benefits & Apply for Latvia Residence Permit Online. The main requirement for qualifying for this program is to invest 50,000 euros, however, the amount can be higher. This type of residence permit is not difficult to obtain, however, in terms of requirements, one of the most important refers to securing contracts that allow for sufficient means of supporting oneself. After five years of legal residence it is possible to apply for permanent residency. Yes, to work in Latvia UK nationals should obtain a visa/residence permit with work permit, unless they can rely on an exemption such as: holder of a permanent residence permit or a residence permit as a long-term resident of the European Union in the Republic of Latvia; A residence permit is a document providing a foreigner the rights to reside in the Republic of Latvia for a definite period of time (a temporary residence permit) or permanently (a permanent residence permit). Migrants from across the globe are moving to the country–both on temporary and permanent basis–for investment, business and other important purposes. The cheapest option for European residency. Original and photocopy of passport. Foreigners may set up an Latvia limited liability company following the legal procedures. a minimum of 500,000 euros to be invested in a start-up business; 1 million euros if the investment is made under the form of a philanthropic donation; real estate investment is also accepted, as long as the value of the property is 300,000 to 500,000 euros; a minimum annual income of 100,000 euros of the applicant is also required. In this case, the minimum investment is established at EUR 50,000. Latvia is the least populated Country in the European Union and has … Receipt of payment of … For example, the StartUp Visa program implies opening a business in the research and development field and have an annual turnover of less than 5 million euros. Latvia Golden visa offers the cheapest real-estate investment in Europe. In the same category enter those who come for scientific purposes or for vocational training to Latvia . Extended rights given by Latvia permanent residence, The EC long-term residence permit one of the best ways of immigrating to Latvia, Permanent residence in Latvia can be obtained in 5 years, Access to an important labor and business market. Step 7 – Obtain the residence permit. You and your family do not have to live in Europe prior to applying for Latvia residence permit. Each program has its own requirements, and if you want to move to Latvia  through one of the two programs you are advised to consider the conditions imposed under both of them. You will first need to apply for a short-stay visa following which you can apply for an entrepreneur visa. The permit is given for a period of 5 years which can be extended to a permanent residency and possible passport. Under this scheme, non-EU citizens can set up companies in Latvia and relocate here, therefore, they will be able to both live and work here. A residence permit is necessary if you are willing to reside in the Republic of Latvia for a period of time exceeding 90 days within half a year counting from the first day of entrance. Additionally, the procedure of applying for this type of residence permit is quite simple. The drop-off in applications has been sharp. There are two types of residence permits which can be obtained in Latvia : the temporary residence permit and the permanent residence permit. You can obtain more information on how to immigrate to Latvia  through employment from our lawyers. If you are interested in obtaining permanent residence through a self-employment visa in Latvia , our lawyers can fill you in with all the details. The Latvia employment permit may have a six to nine months validity period, while student visas may have a one-year validity period. Another requirement that does not have to do with money is for the company to operate in innovation. A residence permit is initially issued for one year and should be renewed annually. 4. proof that the foreign citizen has lived in Latvia for 5 years (the temporary residence permit); the registration certificate issued by the local police force upon entering Latvia ; proof of having a legal address in Latvia (a rental contract or a recent utility bill); proof of means of self-sustenance (bank statements, tax returns, payslips issued by the employer); the criminal record and the application form issued by the Latvia authorities. There are many benefits associated with obtaining an Latvia residence permit, however, permanent residence is the first step to Latvia citizenship which makes one of the most important perks when relocating to Latvia as a foreigner. If you wish to apply for a residence permit in the Republic of Latvia, you can purchase a piece of functional real estate in Riga or Jurmala, or in Adazi, Babite, Baldone, Carnikava, Garkalne, Ikskile, Kekava, Marupe, Olaine, Ropazi, Salaspils or Stopini municipalities. the holders of permanent residence permits have similar rights to those of Latvia citizens; Latvia is one of the few European countries where permanent residence can be obtained after 5 years; the annual coverage amount for a single person is established at 5.349 euros; for a family made of 2 persons, the insurance policy must cover annual health-related problems of 8.024 euros; for a family made of 3 persons, the insurance policy must cover problems worth 10.699 euros; for 4-member families, the minimum amount of the health insurance policy is 13.374 euros. Offers safe European investment with latvia permanent residence permit benefits profit, investors get a job ) in a highly European! 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