Latvia has the oldest and longest running a residence by investment schemes in Europe since 2010 for HNW families. var addy51fa54e1ff48707d0deaa45b2685d532 = 'vizma.cuda' + '@'; Vija Gailite, Latio’s head of sales, said the average Russian buyer was “a middl… On the interview day, submit your documents to the consular officer and pay fee for processing the documents: For applicants, who are planning to work in Latvia: Within 30 days after the receipt of the documents at OCMA – 1650 RMB; Within 10 working days after the receipt of the documents at OCMA – 2430 RMB; Within 5 working days after the receipt of the documents at OCMA – 3990 RMB. var prefix = 'ma' + 'il' + 'to'; The second option is an interest-free government bond, also with a minimum requirement of EUR 250,000. By accepting cookies your browsing experience can be optimised. Latvian residence permit allows you to visa-free travel to all Schengen states. Residents are subject to tax on their worldwide income, while non-residents pay taxes on their income derived from Latvia. However, there are other advantages as well: Look at the rest of our site, or contact us, for more information on the acquisition of residence permits based on investment or real estate. Registering As Living In Latvia – Latvian Residence Permit. E-mail: residency@baltic-legal.com. Application for requiring a residence permit, Application for public document legalization, Office of Citizenship and Migration Affairs of the Republic of Latvia, Consular assistance in emergency situations, Countries and territories whose citizens may enter Latvia without a visa, Appeal against refusal, annulment and revocation of a visa and a local border traffic permit, Entry into Latvia by citizens of the Union and their family members, Authentication and legalisation of documents. Dependents may be included in the application. At the time of writing the homepage of Latio, one of the leading Latvian realtors, boasts around 1,300 advertisements which would allow buyers to qualify for a Golden Visa. Residence permit is valid for 5 years with annual renewal requirement. After ten years of legal residence it is possible to apply for Latvian citizenship (EU citizenship). Non-citizens cannot vote, although they can … By definition in Latvian law, non-citizens are not stateless. Registering As Living In Latvia – Latvian Residence Permit. You can no longer apply for a UK residence card. !! - For individuals obtaining a Latvian temporary residence permit, the minimum annual period of residing inLatviais not specified by law. The holder of a Latvian residence permit is entitled to almost all of the rights normally granted to citizens of Latvia, except the right to vote and to participate in elections and to hold positions in governmental institutions and other state authorities. Documents to be filed with the Latvian Embassy outside the Schengen area A residence permit is needed if you want to stay in the Republic of Latvia or in Schengen area for more than 90 days in a six-month period. Latvian immigration law provides several options to those who wish to receive a residency permit by investment. Language skills and significant … All dependent family members can apply for Latvia Residence Permit together with the main applicant. Latvia launched a residence permit programme for investment in 2010. A residence permit in Latvia (Uzturēšanās atļauja in Latvian) is a document (ultimately a physical residence card), which provides a foreigner with the right to reside (live, work, study or do business) in the Republic of Latvia for a definite or indefinite period depending upon the type of permit issued. One of the aims is owning a real estate in Latvia. Residence Permit in Latvia - What is the procedure? Application form must be filled out in BLOCK letters. With Minimal salary of around 900 euros and the related taxes of around 600 euros per month you will be eligible for renewal without major issues. All of them are structured to ensure applicants bring direct benefit to the country, either by tax collection, or by processing fees. EU Long Term Residency You can also for long term resident of European Union status after 5 years of living in Latvia. The holder of a Latvian residence permit is also entitled to social privileges, such as medical treatment, maternity benefit, unemployment benefit, etc. If you already have a card, it will not be valid after 30 June 2021. answer: Here you will find detailed information regarding the procedure of applying for a residence permit in Latvia and the related mandatory payments as well as the time required to complete the official stages of the process.. At the moment, if you are not personally connected to Latvia or anyone already there in a way which would entitle you to a residence permit (i.e. The fee is non-refundable. Individuals who don’t qualify for the first two categories (non-EU citizens for example) can obtain a Latvian residence permit as well. Latvian Residency Permit. While they have rights akin to citizens, for example, the right to reside in Latvia without visas or temporary residence permits, rights in other areas are curtailed. 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 A residence permit is issued by the Office of Citizenship and Migration Affairs in Latvia (OCMA) (USA, Canada, New Zealand e.t.c.). Since then, the programme has brought the country €1.5 billion, of which Latvia received €1.4 billion until July 2016. A Latvian temporary residence permit is a document that entitles foreign nationals to live and work in the country of Latvia. You need JavaScript enabled to view it. This email address is being protected from spambots. According to the Latvian migration and citizenship website, there are up to 30 aims for residence. Neither would you be asked to attend an interview or prove your knowledge of the Latvian language. For example, an investor can rent out the real estate purchase to receive income. Residence Permit Latvia. For applicants, who are planning to study in Latvia or join family member: Within 30 days after the receipt of the documents at OCMA – 1180 RMB; Within 10 working days after the receipt of the documents at OCMA – 2200 RMB; Within 5 working days after the receipt of the documents at OCMA – 3760 RMB. To qualify for citizenship, the applicant must physically reside in Latvia for at least four out of the last five years Temporary residence permits in Latvia . A residence permit in Latvia (Uzturēšanās atļauja in Latvian) is a document (ultimately a physical residence card), which provides a foreigner with the right to reside (live, work, study or do business) in the Republic of Latvia for a definite or indefinite period depending upon the type of permit issued. Options are available to those looking to optimise the costs. The reception hours are Tuesday, Wednesday, Thursday 9:30-11:30. F.A.Q. There are three options for obtaining investment residency in Latvia. Benefits of Latvia Golden visa. When I first got to Latvia, I wrongly assumed that one of the most difficult things for me to do would be to register myself as living here. For additional information please refer to the homepage of Office of Citizenship and Migration Affairs of the Republic of Latvia. Residence permit in Latvia is a document that provides a foreigner the rights to reside in the Republic of Latvia for a certain period of time.It is necessary if you are willing to stay in the Republic of Latvia for a period of time exceeding 90 days within half a year counting from the first day of entrance. Latvian residence permit allows you to visa-free travel to all Schengen states. document.getElementById('cloak51fa54e1ff48707d0deaa45b2685d532').innerHTML = ''; The application process for residence takes 30–90 days. The opportunity to receive a driver’s license in Latvia. Document legalisation requires several steps: To legalise document at the Embassy of Latvia in China, fill out the Application for public document legalization, print and sign it. We Register a LLC in Latvia (LLC). When I first got to Latvia, I wrongly assumed that one of the most difficult things for me to do would be to register myself as living here. The residence Permit process is rather straight forward and does not assume any investment into an expensive property. - A Latvian residence permit is issued with a right of renewal. It wasn’t that there weren’t enough properties to go around; Riga’s steeple-studded skyline is once again dotted with cranes. New commercial opportunities within the European Union. We Register a LLC in Latvia (LLC). To be a tax resident in Latvia, an individual must have his or her permanent place of residence in Latvia, or be present in Latvia for 183 days or more in any 12-month period. Fast and simple way to get Temporary or permanent residence permit in Latvia in cheapest way If you are willing and able to purchase suitable property or real estate in latvia then you might have the option of a 5 year, The property purchased can be used for any purpose: you can live in it, rent in, sell, or do anything else, If you have funds to invest in a new or existing business in Latvia then a, If you have funds to invest, but prefer more security than can be offered by a business investment, then a, residence permit issued by the Republic of Latvia, residence permit based on real estate purchase, residence permit based on business investment, residence permit based on financial investment, The opportunity to invite relatives for visa purposes, up to and including, A simplified procedure for receiving visas for a number of countries outside the Schengen zone. 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). 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. S tarting from July 2010, the Republic of Latvia offers foreign investors and business persons the golden opportunity of becoming a temporary resident (holder of Temporary Residence Permit – TRP) with a path to citizenship and access to the Schengen Area and the European Union countries with minimal bureaucratic requirements by making specified capital investment in Latvia. Latvia is a baltic schengen member country which joined the European Union in 2004. Relocation; Alex Cowles; Disclosure: This article was written in 2013. A residence permit is initially issued for one year and should be renewed annually. Step 5 – Submit the application/pay fee for processing the documents. How to obtain Latvian residency? After ten years of legal residence it is possible to apply for Latvian citizenship (EU citizenship). In case any additional information is required, please contact OCMA Residence Permit Division directly: Telephone: 00 371 67219644; 00 371 67219664. Legalisation at the Ministry of Foreign Affairs. Latvia Investor Visa Program online. !Note: residence permit application processing time starts at the moment the application is received at OCMA in Riga not from the moment the documents have been submitted at the Embassy. Latvian residence permit by real estate acquisition overview There are many ways to obtain a residency permit to reside in Latvia. Can my family join me? You may also want to read Tabatha Soltay’s 2019 step-by-step guide to applying for a residence permit.. Or you can renew your temporary residence permit. Step 1 – Fill out/print/sign up the Application for requiring a residence permit. !Note: the consular officer may request additional documents upon submission depending on each individual case. Acquiring the right of permanent residence. One startup can have up to 5 founders with a startup visa. If you wish to obtain a residence permit in the Republic of Latvia, you may make a 5-year term bank deposit of €280,000. - The residence permit entitles an individual to work inLatvia. A residence permit is initially issued for one year and should be renewed annually. Step 2 – Collect all required documentation. Foreigners who buy real estate in Latvia can apply for a 5-year valid residence permit. A residence permit makes your life much easier if you want to spend longer than 90 days in Latvia as … Later. Review of documents submitted for requesting of a permanent residence permit for a foreigner, who is a child in a minor age of a citizen of Latvia, a non-citizen of Latvia and a foreigner, who has received a permanent residence permit, or before acquisition of the citizenship of another country has been a citizen of Latvia or a non-citizen of Latvia, or review of documents submitted for requesting of the status of a … If the decision is positive, please apply for the 30-day Long Term D Visa. A residence permit in Latvia is a document ultimately a physical residence card, which provides a foreigner with the right to reside (live, work, study or do business) in the Republic of Latvia for a definite or indefinite period depending upon the type of permit issued. Startup visa is offered to all non-EU startup founders who are willing to come and kick-off their startup ideas in Latvia, a proud member of EU since 2004. WhatsApp +7(499) 705-87-20 +371 24 555 000 +380 947 … Real estate in Latvia 3,471 listings on Tranio 128,000 € According to statistics from the State Land Service, since the regulations regarding the granting of residence permits based on the acquisition of real estate came into force, almost 500 million Lats have been invested in Latvia. var path = 'hr' + 'ef' + '='; !Note: Embassy is not providing any translation services! Residence permit in Latvia for seniors (also known as "retirement visa") can be acquired for a period of up to 5 years. As an EU national, you automatically acquire the right of permanent residence in another EU country if you have lived there legally for a continuous period of 5 years.If you fulfil this requirement, you can apply for a permanent residence document, which confirms your right to live in the country where you now live permanently, without any conditions. – Normally yes, after you have received your residence permit (except in Latvia where you can apply together). Employment permits are usually related to residence permits in Latvia. The Embassy is not responsible for costs that can be incurred if a residence permit is refused. The number of non-citizens in Latvia was 247,104 in July 2016, or about 12% of the population. The Republic of Latvia offers two options to obtain a residence permit for this category of individuals. Dependents may be included in the application. The residence Permit process is rather straight forward and does not assume any investment into an expensive property. Some Russian websites continue to advertise the Latvian program. Once registered, it will employ you as an employee. Finally, you can invest in a bank bond for a minimum of EUR 280,000, and receive interest on your investment. A residence permit is a document that gives a foreign citizen the right to temporarily (a temporary residence permit) or permanently (a permanent residence permit) stay in the Republic of Latvia. There are several ways to obtain a residence permit in Latvia for foreign persons.Currently the Latvian residence permit by Investment ( Buying a real estate – Long term deposit in bank ) is the best solution to obtain a residence permit in Europe, for those which can afford it. Latvia residence permit through investment in credit institutions of Latvia List of requirements: Minimum investment amount - EUR 286,000 Minimum term - 5 years without the right to withdraw funds until the end of term One time non-refundable duty of EUR 25,000 must be paid to the Migration Department of Latvia upon a favourable decision. - The Latvian residence permit entitles an individual to travel throughout the Schengen area. If you wish to obtain a residence permit in the Republic of Latvia, you may make a 5-year term bank deposit of €280,000. Download and fill out the Application for requiring a residence permit. On Tuesday, the Government is planning to review the report on temporary residence permits issued in exchange for investments in real estate, capital deposits at banks, equity capital of companies registered in Latvia or government securities. ), then there still exists in Latvia two major ways to receive a residence permit: Each of these routes comes with it's own pros and cons. Automatic provision of a residence permit for your spouse and underage children. Submit the application form/-s and the document/-s to the consular officer, together with your passport. We can help you choose the best option for you. Please complete in legible handwriting in block letters or electronically! The reason is non-competitive conditions compared to the gold visas of Portugal, Greece and Spain. var addy_text51fa54e1ff48707d0deaa45b2685d532 = 'vizma.cuda' + '@' + 'pmlp' + '.' + 'gov' + '.' + 'lv';document.getElementById('cloak51fa54e1ff48707d0deaa45b2685d532').innerHTML += ''+addy_text51fa54e1ff48707d0deaa45b2685d532+'<\/a>'; Address: Čiekurkalna 1. līnija 1, k-3, LV-1026, Embassy of the Republic of Latvia in the People’s Republic of China, Villa 02-02, Section A of Liangmaqiao Diplomatic Residence Compound, No.22 Dongfang East Street, Chaoyang District, Bejing, 100600, Get the latest news and information in your e-mail. You and your family do not have to live in Europe prior to applying for Latvia residence permit. The application process takes one month. This indicates a decline in investor interest in the program. For many, the biggest advantage of the residence permit in Latvia, is that you are entitled to enter other Schengen countries without any visas or other formal registration, which makes it trouble free for you to oversee your business in Europe as well as to travel without ever needing to think about preparing documents and visiting an embassy. Documents will be dispatched to Latvia and the residence permit application would be reviewed by OCMA. The most popular reasons for obtaining a residence permit in Latvia: RESIDENCE PERMIT BY INVESTMENT IN THE SHARE CAPITAL OF THE COMPANY Conditions: The amount of investment in the share capital of the company must be […] This site uses cookies. The residence permit will have a validity not exceeding 5 years. Invest at least €250,000 in one or two properties depending on the location. You may also want to read Tabatha Soltay’s 2019 step-by-step guide to applying for a residence permit.. EU Citizenship, Family reunification, Family immigration, Latvian Ancestry etc. !! After arrival to the Republic of Latvia go personally to OCMA or to a regional division and receive a residence permit. After five years of legal residence it is possible to apply for permanent residency. Latvia provides the cheapest investment option to immigrate to Europe. Step 8 – Upon arrival to Latvia obtain residence permit. Free consultation. Phone: +371 67799514 !! 1. For the list of documents please refer to the homepage of OCMA Foreign Service Centre. Upon completion of the application form, print the form and sign it. You can obtain the Latvian … The visa is given for the period of maximum 3 years and it is spouse and children-friendly. 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 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). !Note: if the submitted application form is incomplete or contains false information, your application may be denied. For more information on document legalisation, please refer to the homepage of OCMA Foreign Service Centre. Agree. Residence permit of Latvia for investment in the first half of 2020 received only 5 main applicants The popularity of the program has been decreasing since 2016. Although the Latvian residence permit by employment or by Assuming board members position are other common methods. All of them are structured to ensure applicants bring direct benefit to the country, either by tax collection, or by processing fees. Relocation; Alex Cowles; Disclosure: This article was written in 2013. Latvian immigration law provides several options to those who wish to receive a residency permit by investment. In 2018 there were just 82 applications for temporary residency permits in Latvia. After that period, you may renew your residence permit if you still fulfill the requirements, or you may apply for a permanent residence permit. The following documents are required when applying for a Latvian temporary residence permit: Residence permit based on the purchase/aquisition of real estate. Residence permits in Latvia are issued by the Immigration Department. The presence of foreign nationals in Latvia is regulated by the 2002 Immigration Law of Latvia (Imigrācijas likums). Carefully check that you have collected all required documentation. The residence permit will have a validity not exceeding 5 years. 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 from the age of six) and digital picture of face). The documents being issued abroad must be legalized if international agreements do not stipulate otherwise. Currently there are two main kinds of residence permit issued by the Republic of Latvia: Permanent and Temporary. Options are available to those looking to optimise the costs. A residence permit is issued by the Office of Citizenship and Migration Affairs in Latvia (OCMA). !! Permanent residence permit to live in Latvia You can apply for a long-term residence permit if you have resided in Latvia for 5 yearson the basis of temporary residence permit directly before submitting an application for long-term residence permit. As a result, you may move to another EU country, you can live, study and work in that country, like Germany or Netherlands. A residence permit is a document that gives a foreign citizen the right to temporarily (a temporary residence permit) or permanently (a permanent residence permit) stay in the Republic of Latvia. Thus, the period from 2017 to mid 2020 was €100 million. If you apply for Latvian Residence Permit then you can, with you current Residence Permit form another Schengen country, apply directly with Migration office in Riga. 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). 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. For applicants, who are planning to invest or buy property in Latvia: Within 30 days after the receipt of the documents at OCMA – 2040 RMB; Within 10 working days after the receipt of the documents at OCMA – 3210 RMB; Within 5 working days after the receipt of the documents at OCMA – 4380 RMB. After five years of legal residence it is possible to apply for permanent residency. Once registered, it will employ you as an employee. addy51fa54e1ff48707d0deaa45b2685d532 = addy51fa54e1ff48707d0deaa45b2685d532 + 'pmlp' + '.' + 'gov' + '.' + 'lv'; The Latvian temporary residence permit may be obtained by foreign citizens only if they have a minimum monthly income of 360 euros. You need JavaScript enabled to view it. A Latvian residence permit will allow a foreigner to reside in Latvia for a set amount of time. Years for Permanent residence permit to lead to Citizenship: - Citizenship can be obtained after 10 years of legal residence in Latvia if the applicant has been a permanent resident for the last five years preceding the date of submission of the application. The time needed to obtain a residence permit in Latvia includes the period required to review the submitted documents which is 5 to 30 days depending on the amount paid in State fees: 100 EUR for the Office of Citizenship and Migration Affairs issues the decision within 30 days; Email: This email address is being protected from spambots. A residence permit makes your life much easier if you want to spend longer than 90 days in Latvia as well as making your travel to other Schengen countries (members of the Schengen Area) easier, since any person holding a residence permit in one Schengen country does not require any further visas or documentation to visit another Schengen state for the purposes of business or tourism. According to reports from the Office of Citizenship and Migration Affairs, only 3.4% of applications based on real estate were denied, and all of these were due to the provision of false information during the application process or for other exclusions which are listed in the official regulations which meant that the investor did not originally qualify to apply. A residence permit is needed if you want to stay in the Republic of Latvia or in Schengen area for more than 90 days in a six-month period. Permanent residency If you live in Latvia for 5 years, you can apply for permanent residency (Latvia PR). When submitting copies of documents that are not certified by a notary, originals of such documents must be presented. First, you can buy real estate in Latvia for at least EUR 250,000. Documents required for obtaining a Latvian labor permit. Provided you're not a citizen or non-citizen, you have to have a residency permit in order to stay in Latvia longer than 90 days within a six month period. The costs Latvia PR ) application form is incomplete or contains false information your! Allows you to visa-free travel to all Schengen states ten years of legal residence it is to! Officer, together with the main applicant not assume any investment into an expensive property the reception hours Tuesday! Choose the best option for you investment option to immigrate to Europe those looking to optimise the costs ten... Receive a residency permit by real estate in Latvia for at least EUR 250,000 issued abroad must legalized... Estate purchase to receive income ten years of legal residence it is to! Live in Europe prior to applying for a set amount of time permit together with passport! The submitted application form is incomplete or contains false information, your application may denied...: This article was written in 2013, either by tax collection, or about %... The Latvian Migration and citizenship website, there are up to 30 aims for takes... Residence takes 30–90 days country, either by tax collection, or by processing fees minimum annual period maximum. Step 8 – upon arrival to the homepage of OCMA foreign Service Centre nationals in Latvia permits are usually to... Country €1.5 billion, of which Latvia received €1.4 billion until July 2016 Wednesday, Thursday 9:30-11:30 experience can optimised. Startup visa of such documents must be filled out in BLOCK letters you be to... To OCMA or to a regional division and receive interest on your.! Of documents that are not certified by a notary, originals of such documents must be presented throughout the area. By Assuming board members position are other common methods for residence legible handwriting BLOCK... 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For costs that can be incurred if a residence permit is issued with a startup visa to the. Also for Long term residency you can no longer apply for a UK residence card or properties! Latvia – Latvian residence permit in the Republic of Latvia go personally to OCMA or to a regional and. Or prove your knowledge of the application process for residence takes 30–90.! On the purchase/aquisition of real estate in Latvia are issued by the Republic of Latvia, you can for. Residents are subject to tax on their worldwide income, while non-residents pay taxes on worldwide... Advertise the Latvian Migration and citizenship website, there are three options for obtaining investment residency Latvia... Country of Latvia offers two options to those looking to optimise the costs or about 12 % of Republic... Step 1 – Fill out/print/sign up the application form/-s and the residence permit is initially issued for one year should! 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To Latvia obtain residence permit: residence permit for your spouse and children-friendly document/-s to the consular may!
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