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Changes to immigration and granting residence permits in Estonia
Previously when a person was applying for a residence permit as a member of a board, the permission from the Estonian Unemployment Fund was not necessary, it was also not necessary to meet the salary criterion of an alien. Starting from 01.07.2012, these requirements only apply if a person is applying as a board member of a legal person governed by public law. If a person is applying as a board member of a legal person governed by private law, the permission from the Estonian Unemployment Fund is still not necessary, but the person must meet the salary criterion that is at least equal to the latest annual average wages in Estonia published by Statistics Estonia, multiplied by the coefficient 1.24. As of right now, the sum is 1050 EUR.
There are new requirements when applying as member of the board of a legal person governed by private law :
1) the legal person governed by private law must have been registered in the Estonian Commercial register at least 5 months previous to filing the application for a residence permit;
Changes to residence permit for business:
2) new requirements for sums needed to be invested before applying for a residence permit:
3) extention of residence permit in case of a company: 1 year after receiving residence permit for business the following conditions might be filled instead of requirement of 65 000 EUR:
4) an alien holding the residence permit for business may work as a member of the board without fee if at least one other legal person governed by private law is meeting the salary requirements of an alien and paying salary to the alien in the sum of at least 1050 EUR per month.
5) application for residence permit for business may be submitted in Estonia, provided that the following conditions are fulfilled:
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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.