Another benefit of registering your company in Latvia is the possibility to receive a residence permit in Latvia. 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 citizenship can be obtained by the children and spouses of Latvian nationals as well as naturalised foreign citizens. 557 "Regulations on the State Fee for Review of Documents Necessary for Requesting of Visa, Residence Permit or Status of the Permanent Resident of the European Union in the Republic of Latvia and Services Related with that", adopted on 12 September 2017. When applying for the service in an accelerated procedure (drafting certifications, accelerated execution of passports and eID, etc. Possibilities of payment for the services of the OCMA: For payment card payments the commission is paid by the Treasury from the state budget funds. Latvian citizenship by naturalisation can be awarded to those individuals who: Children below 15 years of age permanently residing in Latvia can be naturalised along with their parents. Residence Permit through business in Latvia. In return, you receive a residence permit in Latvia. You should keep your property as long as you want a residence permit. By receiving a residence permit in Latvia, you obtain a possibility to travel freely within the Schengen area for up to 90 days within a period of six months. A stamp duty of between €142.29 and €426.86 (depending on urgency) must also be paid for document review, in addition to a consular fee of €70. You do not need to physically live in Latvia, the only requirements are that you have a registered address and spend at least 1 day per year there. The new limit introduced in 2014 applies to the first 800 applicants. Please bear in mind that you are not permitted to buy agricultural land, woods or forests and you cannot pay in cash. The Latvian real estate market is stable and prospering; prices are steadily increasing. Some Russian websites continue to advertise the Latvian program. MK 577 (12.09.2017)Beneficiary: The Treasury, registration No. There are three options for obtaining investment residency in Latvia. Purpose of payment: VN PMLP dok. Land area: 750 m². Once obtained, the residence permit can be renewed every five years. Indian immigrants are the major foreigner residents The country offers residence permit visa to rich foreigners. A citizen of non-EU Member State can obtain residence permit, which allows foreigner to live in Lithuania all year long, depart and return to the country multiple times, as well as travel through all Schengen zone member countries visa free. +371 291 02085 Latvia does not recognise dual nationality. It used to be that you could purchase 100,000 Latvian lats (about $200,000) worth of property in Riga or any of the other main cities here and get a second residency. C – short-term visa (unified Schengen visa). Land area: 1,054 m². Latvia is well-connected. What are the grounds for obtaining a Latvian residence permit? Once obtained, the residence permit can be renewed every five years. Permanent residence must be renewed every five years, but this procedure is easier than extending a temporary residence permit. What package of documents must be collected for a trip to Latvia? Latvia residence permit for the whole family (spouse & children under18 years). At least 2000_2500 from my experiences. A full list of the categories of persons exempted from payment of the state fee is available in the 12.09.2017 Regulation of the Cabinet of Ministers No. You may also want to read Tabatha Soltay’s 2019 step-by-step guide to applying for a residence permit.. Tranio's managers are here to help with advice on getting a residence permit in Latvia, How to obtain a Latvian residence permit or Golden Visa, Requirements for obtaining a residence permit, Other grounds for obtaining residence in Latvia. For additional information please refer to the homepage of OCMA. The acquisition of a Latvian passport is regulated by Latvia’s Citizenship Law. It used to be that you could purchase 100,000 Latvian lats (about $200,000) worth of property in Riga or any of the other main cities here and get a second residency. If payment has not been received by the Treasury, the OCMA is not entitled to provide the requested service! Relocation; Alex Cowles; Disclosure: This article was written in 2013. In this case you must have income of 1110 EUR per month and a place of residence in Latvia. According to the amendments to legal acts the internet bank printouts, payment orders approved by the banks and other documents confirming payment are not considered as confirmation that the service has been paid for. 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. However, this applies only to purchases outside Riga, Jūrmala, Ādaži, Babīte, Baldone, Garkalne, Ikšķile, Ķekava, Mārupe, Olaine, Ropaži, Salaspils, Saulkrasti, Stopiņi Municipality and Carnikava. How, who and when can receive information from the Population Register: Statement about an individual himself/herself or another person, Statement about persons registered at immovable property of owners, How to contact the person you have been searching for, Issue of statistical data and other general information, Procedure for submission of information about the use of body, tissues and organs, Updating information in the population register, About the circulation of certain public documents between the EU member states, The long-term resident status of the european community in Latvia, Questions and answers regarding declaration of the place of residence, Information Day for the citizenship applicants, Status of non-citizen and stateless person, Verification of payment made into the budget. Residence permit («Golden Visa») in other countries: FAQ about residence permits and citizenship in Latvia, Apartment – Kurzeme District, Riga, Latvia, Detached house – Latgale Suburb, Riga, Latvia, Cozy 1-bedroom apartment in the Center of Riga, Office of Citizenship and Migration Affairs, the Office of Citizenship and Migration Affairs, A well-built two storey detached family home in the centre of Jurmala, Majori…, Exclusive penthouse in one of the most popular areas of Riga, For sale a spacious apartment in Jurmala in new residential building, For sale a spacious 2-level apartment in new project in Bulduri, New home – Central District, Riga, Latvia, New home – Dzintaru prospekts, Jurmala, Latvia, European limitations on foreign property purchases, Spain vs. Portugal: the definitive guide for overseas property investors. Necessary to have lived in the equity capital of a Latvian airport ``. Lose residency if their debts exceed €150 issued to foreign nationals to live, and! 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