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Latest updates in Imigration and Residency in LatviaEuropean Union citizens
EU citizens have the right to stay in Latvia on the basis of a valid travel document for the period of up to 3 months within half a year counting from the first day of entrance. If the person wishes to stay in Latvia longer, the temporary residence permit shall be applied.
An EU citizen who has resided in Latvia permanently for 5 years on the basis of temporary residence can obtain the right of permanent residence.
Temporary residence permit
In order to obtain the right of temporary residence permit the following documents will be required:
The person must have income 200 LVL (approx. 283 EUR) per month. State fees: Per registration of the address 3 LVL (4,21 EUR)
Documents must be submitted personally in Latvia, in Immigration department.
Non European Union citizens
The most common are following temporary residence permit forms:
1) If investors purchase and own one or several real estate and transaction value in Riga, Riga planning region and republic cities is at least 100’000 LVL (approx. 142’858 EUR) but in regions – 50’000 LVL (approx. 71’430 EUR). The cadastral value of the property in Riga, Jūrmala, Riga planning region and republic cities will have to be 30 000 LVL (approx. 41970 EUR), in other regions 10 000 LVL (approx. 13990 EUR) or equal to the market price (in this case evaluation of professional valuation specialists will be required). The real estate shall be inquired only form the legal persons registered in Latvia, Latvian citizens, noncitizens, EU citizen, or person with the residence permit of Latvia. The transactions have to be done with clearing and no debt is allowed with regard to real estate tax. The property might be bought by you as individual. In this case you must have income 600 LVL (approx. 848 EUR) per month and place of residence in Latvia. The residence permit will be issued per 5 years and once per year you might register in Immigration department.
2) If a person (individual) invests at least 100’000 LVL (approx. 139’900 EUR) or 25’000 LVL (approx. 35’714 EUR) in the share capital and a company. If 25’000 LVL (approx. 35’714 EUR) are invested, the company shall pay in taxes at least 20’000 LVL (approx. 28’571 EUR) within a financial year, has maximum 50 employees and annual turnover cannot exceed 7 000’000 LVL (approx. 9 800’000 EUR).
In this case you must have income 600 LVL (approx. 848 EUR) per month and place of residence in Latvia. The residence permit will be issued per 5 years and once per year you might register in Immigration department.
3) If a person (individual) invests at least 200’000 LVL (approx. 285’714 EUR) in a credit institution for (at least) 5 years term (without rights to discontinue this investment earlier).
In this case you must have income 200 LVL (approx. 283 EUR) per month and place of residence in Latvia. The residence permit will be issued per 5 years and once per year you might register in Immigration department
4) a person registered in the Latvian Commercial Register as the Board or the Council, managing or a person authorized to represent a corporate entity (a foreign corporate entity) in activities related to the branch office in Latvia; The company must be registered per 1 year, has to pay in taxes min. 15 000 LVL (approx. 22 000 EUR) per year.
In this case you must have income 962 LVL (approx. 1363 EUR) per month and place of residence in Latvia. The residence permit will be issued per 5 years and once per year you might register in Immigration department
5) a representative of a foreign corporate entity. The representative office must prove their business activity by presenting of concluded agreements.
In this case you must have income 200 LVL (approx. 283 EUR) per month and place of residence in Latvia. The residence permit will be issued per 4 years and once per year you might register in Immigration department
6) The person is an employee in the Latvian or foreign company. In this case you must have salary 481 LVL (approx. 682 EUR) per month and place of residence. The residence permit will be issued per the term of the Employment agreement. Receiving of the work permit and announcement of the vacancy (1 month before receiving of the work permit) is required before receiving of the residence permit. The residence permit will be issued within 30 days (or within 80 days if you will buy immovable property, invest in share capital of company or in banc account) if the state fee 70 LVL (appox. 98 EUR) is paid, 10 days – 170 LVL (approx. 237 EUR) , 5 days – 220 LVL is paid (aprox.307 EUR).
Person spouse and minor children, as well as dependants can receive the residence permit on the ground of your received residence permit. Person spouse income per months must be 200 LVL (approx. 283 EUR), a child– 120 LVL (approx. 170 EUR).
In order to obtain the right of temporary residence permit the following documents will be required:
First time to apply for a residence permit, a foreigner must submit documents personally to a diplomatic or consular representative office of Latvia abroad, outside Schengen and EU countries.
Investors in the real estate, share capital of the company or credit institutions who legally visit Latvia may all documents submit in the Latvia Immigration department. This rule is not applicable to the citizens of Afghanistan; Algeria; the United Arab Emirates; Bahrain; Bangladesh; Egypt; Indonesia; Iraq; Iran; Yemen; Jordan; Qatar; Kenya; Korea, Chechnya, Dagestan and Ingushetia; Kuwait; Lebanese; Libyan Arab Jamahiriya; Morocco; Nigeria; Oman; Pakistan; Palestine; Saudi Arabia; Syria; Somalia; Sudan; Sri Lanka and Tunisia.
Schengen visas
The Schengen visa allows the holder to a total stay of up to 3 months days within a period of 6 months for tourist or business purposes. Receiving the multiple entry Schengen visa, is possible to leave and return in any number of times within the 6 months period, but the combined stay within the region must not total more than 3 months (90 days). The Latvian Embassy or a Consulate of the Republic of Latvia takes a decision of the issue of a visa within 7 days of the receipt of necessary documents. If additional information is required, the process may take up to 30 days.
Documents required for applying for Schengen visa for travel to Latvia:
Supporting documents justifying the purpose and conditions of the visit (the necessity to submit any of the below is defined by the consular officers):
If there is the Schengen visa issued to the employee of the Latvian or foreign company, receiving of the work permit and announcement of the vacancy (1 month before receiving of the Schengen visa) is required before receiving of the visa.
In this case you must have salary 445 LVL (approx. 623 EUR) per month.
A multiple-entry visa may be issued to a foreign national if the applicant proves the need to travel frequently and/or regularly and justifies such need, in particular due to his occupational or family status, and if the foreign national has used any previous visas lawfully, as well as proves his integrity and reliability, his economic situation in the country of origin and his genuine intention to leave the territory of the Member States before the expiry of the visa applied for.
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For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu
The material contained here is not to be construed as legal advice or opinion.