Residence permit in Latvia

Residence permit is a document providing a foreign national with the right to reside in Europe for a certain period of time

Residence permit without investments

 

Registration of a non-commercial representative office

  • Cost of registration – 4 000 €
  • Possibility to promote products and services of parent company on EU markets
  • It is not a legal entity
  • No obligation for paying taxes and provision of employment
  • Representative office registration time and residence permit processing time – 21 days
  • Residence permit is granted for 4 years (with annual registration)

Residence permit on the grounds of employment

Members of the board, members of the council, procurists

  • Cost of registration – 2 000 €
  • Minimum wage – 1 530 € per month
  • Total tax burden – 45%
  • Residence permit is granted for 5 years (with annual registration)

Salaried
employees

  • Cost of registration – 4 000 € (for the entire family)
  • Minimum wage – € 765 per month
  • Total tax burden – 45%
  • Residence permit is granted for 5 years (with annual registration)

 

Residence permit on the grounds of investments

 

Acquisition of a real estate

  • Cost of registration – 2 000 €
  • Minimum cost of a real estate – 250 000 €
  • Contribution to the state budget – 5%
  • Residence permit is granted for 5 years (with annual registration)

Contribution to a subordinated capital

  • Cost of registration – 2 000 €
  • Minimum contribution – 280 000 €
  • Contribution to the state budget – 25 000 €
  • Residence permit is granted for 5 years

Establishment of a commercial company

  • Cost of registration – 2 000 €
  • Minimum authorized capital – 35 000 €
  • Period of company registration – 2 days
  • There are no additional requirements to the founders and non-resident members of the board
  • Possibility to claim co-financing from EU funds
  • Residence permit is granted for 5 years (with annual registration)

Purchase of securities

  • Cost of registration – 2 000 €
  • Cost of securities – 250 000 €
  • Contribution to the state budget – 25 000 €
  • A transaction shall be registered upon receipt of a positive decision on granting a residence permit
  • Residence permit is granted for 5 years (without annual registration)

 

 

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Additional services

  • Advisory and consulting services in Latvia
  • Legal services in the sphere of Civil, Commercial, Administrative and Immigration law
  • Establishment and maintenance of holding companies
  • Tax planning
  • Tax and financial advice
  • Outstaffing (staff management) in EU countries
  • Deals structuring
  • Real estate expert analysis, deals analysis
  • Representation in tax administration and other government agencies
  • Accounting services
  • Representation in banks (including opening of accounts for non-residents, transaction accounts, deposit agreements, and etc.)

 

We are ready to answer any of your questions

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