Last year, just 82 applications for temporary residence permits were received in Latvia. 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. 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; Evidence of Health Insurance. If you decide to move to Latvia as an entrepreneur, you will also be allowed to obtain employment within the company you purchase. While this is something that many strive for, the benefits of permanent residence are quite basic. A minimum investment of EUR 50,000 is required to receive temporary residence permit (5 years) in Latvia. It is also good to know that a mandatory requirement for obtaining a residence permit in Latvia  is to have health insurance which implies the following: If you want to move to Latvia  but are not acquainted on the ways you can do that, here are 5 tips on how to relocate and obtain an Latvia residence permit: Our Latvia immigration lawyers advise you to consider your options and take into account that you will need to learn Latvia if you plan on applying for citizenship after obtaining residence here. Last year, just 82 applications for temporary residence permits were received in Latvia. Coverage will change as of 2019. The Republic of Latvia is a European Union Member State and located in the Baltic Region of Northern Europe. Latvian residents are liable for personal income tax (PIT) on their worldwide income. Proof of income. Below, we invite you to read about 5 of the most important advantages of obtaining a residence permit in Latvia . About the public policies. 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. Receipt of payment of … The application process for residence takes 30–90 days. In their case, a simple declaration of presence with the police station of the city they live in is sufficient. If you want to retire to Latvia and obtain residence, you will have every chance of succeeding by applying for an elective residence visa. In the case of EU citizens, the minimum period of stay is 4 years, while for non-EU citizens the minimum period of stay is 10 years based on the permanent resident status. First of all, individuals personally connected to Latvia are entitled to a Latvian residence permit (Latvian ancestry). Our immigration lawyers in Latvia  can offer more information on these programs. If you intend to stay in Latvia for a period longer than three months, you are required to apply for a residence permit. Whereas the child’s father is entitled to be paid a paternity benefit. Evidence of Residential Address. 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. According to the amendments, EU citizen's registration certificates, permanent residence cards and residence permits of a family member of a EU citizen issued in Latvia to UK citizens and their family members will be valid until the end of the period of validity indicated therein, but not later than June 30 this year. 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 … It may surprise you that Latvia is regarded as one of the most beautiful countries in the world. This declaration must be filed within 8 days from entering Latvia .EU citizens have the right to apply for permanent residence permits after living for more than 3 months in Latvia . Latvindia helps investors and their families to move and settle down in Latvia; and supports the education of their children. Step 7 – Obtain the residence permit. The total value of the real estate must be at least €250,000, or outside the said administrative territories – no more than two immovable properties … There are many benefits of Latvia temporary residence. Tuis; Wie is ons; Kalender en Nuus; Foto’s en aktiwiteite; Dienste en Tariewe Benefits of Latvia Golden visa. We are not accountable for miscommunication or data misalignment. What are the greatest advantages of obtaining permanent residence in Latvia ? The permit is given for a period of 5 years which can be extended to a permanent residency and possible passport. a child birth benefit and a family state benefit) are only paid to those women who have a permanent residence permit in Latvia. You will need to file evidence of your marriage with the Latvia citizen together with other documents in order to immigrate to Latvia this way. This type of residence permit is one of the simplest ways of immigrating to Latvia . Migrants from across the globe are moving to the country–both on temporary and permanent basis–for investment, business and other important purposes. In 2014, the number of such applications exceeded 2,500. 012 997 2882 navrae@doringenrosie.co.za. 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. EU citizens must only register with the police department in the city they live in without being required to apply for a temporary residence permit. 2. One passport-size photo. The applicant should provide evidence on a university graduation certificate. a child birth benefit and a family state benefit) are only paid to those women who have a permanent residence permit in Latvia. https://www.henleyglobal.com › residence-investment › latvia One of the main programs dedicated to non-EU citizens is the Start-Up Visa program which was launched in 2012. Latvia is the least populated Country in the European Union and has … If you want to move to Latvia under the Residency by Investment Scheme, the investment conditions start at 500,000 euros. Indeed, this is one of the 5 most important advantages when seeking to obtain residency in Latvia . Latvia offers residency by investment scheme through share capital investment. Provided that you meet the requirements imposed by the law, you can rely on our immigration lawyers in Latvia  for assistance in preparing the documentation for applying for a permanent residence permit. 1. Voluntary coverage for permanent residents of Latvia who are not compulsorily covered and are not receiving an old-age pension; and for the spouse of a self-employed person younger than the normal retirement age. LOW COST: Total cost is €360,000 of which €300,000 will be refunded after 5 years. Persons who want to enter the Latvia workforce can apply for a European Blue Card, issued for employees with a high level of skills in a designated field of activity. It must be noted that in order to obtain Latvia Residence Permit, a temporary residence visa must first be obtained.The temporary residency visa must be obtained by non-EU citizens when first arriving in Latvia . QUALIFICATION CRITERIA: Investment in real estate, subordinated capital, Latvian company or government bonds. Latvindia also helps in everyday life of the investor's family in Latvia. To register the residence permit the foreigner shall present following documents, as well as an application: a valid travel document recognised in the Republic of Latvia; a document confirming that the foreigner holds a valid health insurance policy (the policy is not required when registering the permanent residence permit). The residence by investment program in Latvia offers various advantages to the applicants. 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. If you want to move to Latvia  and a job opportunity is your option, then you should know that you will need to apply for a job first and then wait for the Latvia company to obtain the necessary paperwork and send you the employment contract before coming to Latvia . These are usually students who come to Latvia based on student visas which permit a limited duration of stay. Laszlo Gaal, managing director, was invited to hold a presentation on Latvia at the conference. If the applicant desires, he or she can also file in Latvia . 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. You can obtain more information on how to immigrate to Latvia  through employment from our lawyers. 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. 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. 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. Certain types of benefits (e.g. 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). The main benefits that come from an EU permanent residence card are: You will have access to employment and self-employed activity. Our immigration lawyers in Latvia  can offer expat support to non-EU citizens seeking to apply for permanent residence permits. After five years, the holder of a temporary residence permit may apply for permanent residence. Latvia is part of the Schengen zone of Europe, allowing you to travel freely throughout Europe without the need for a Schengen visa. PR is permanent permission The Latvia government has enabled two programs under which investors from non-EU countries can relocate to Latvia . To register the residence permit the foreigner shall present following documents, as well as an application: a valid travel document recognised in the Republic of Latvia; a document confirming that the foreigner holds a valid health insurance policy (the policy is not required when registering the permanent residence permit). In the same category enter those who come for scientific purposes or for vocational training to Latvia . Depending on the type of residence permit, foreign citizens are required to renew their permits on a regular basis. Latvian residency is especially attractive as it provides visa-free access to Schengen Area member states and facilitates visa application to other developed countries. have worked a minimum number of hours in Canada’s health-care sector during the COVID-19 pandemic ; provided direct patient care as part of their job However, if you are planning to obtain Latvian Permanent Residence Permit (PRP), you can do that after 5 years of holding TRP status and you should to reside in Latvia continuously during these 5 years of holding TRP. You can also read about the benefits of permanent residence in Latvia  in the scheme below: Non-EU citizens must follow specific procedures when applying for permanent residence in Latvia . 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. Italy Photo by Joshua Newton on Unsplash. Certain types of benefits (e.g. Latvian residence permit allows you to visa-free travel to all Schengen states. There are several conditions imposed on both EU and non-EU citizens interested in obtaining Latvia Residence Permit. Immigrating to Latvia  implies applying for a permanent residence before acquiring Latvia citizenship. Whereas the child’s father is entitled to be paid a paternity benefit. 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. Medical benefits: Resident Latvian citizens and noncitizens with residence permits. All contact data given here is only intended for educational Purposes. you can move to Latvia as a simple foreign citizen by applying for a job with an Latvia company; you can also move to Latvia as a businessman and start a company or register as a sole trader; another way for businessmen to move to Latvia is by enrolling with one of the special investment programs created by the government; another way of moving to Latvia is to retire here, however, there are a few conditions related to immigrating to Latvia this way; if you are married to an Latvia citizen and live abroad, you can move to Latvia without any restrictions. Get Residency in Latvia. After five years of legal residence it is possible to apply for permanent residency. Below, our local lawyers who specialize in immigration matters in Latvia  offer a guide on how to obtain a permanent residence permit. We can also assist those who want to come to Latvia as entrepreneurs or those who want to obtain Latvia passports. 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