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Residence permit in Latvia based on a business investment

Acquiring a business investment residence permit is best for those looking to start or grow their business in the European Union while enjoying the benefits of being legally resident in the EU - with all of the convenience of travel that comes with it. Statistics show that investing in business is a less popular way to get a residence permit compared to buying real estate. However, there are some specifics that make this option the best solution for some investors.

Financial investment in local businesses Last year, the Latvian Citizenship and Migration Office received 268 applications for residence permits for investments in local businesses. The total investment is estimated at around 13.5 million Lat. Qualified investors who complete a successful application will receive a permit for an initial period of up to 5 years, with further extensions.

There are two possible options in terms of the amount of investment required, but since the amendment to the Immigration Act of September 1, 2014, the second option has become almost impossible.

A. The first option is to make a contribution to the equity of a Latvian company of more than 50,000 euros. However, to qualify for this smaller investment, there are additional requirements: you must invest in the equity of a public company or limited liability company, and that company must pay taxes of at least EUR 40,000 per year. B. The second option is to contribute EUR 150,000 to the equity of a Latvian company (joint stock company or limited liability company). While this option requires a higher initial investment, the advantage is that there are no requirements for the amount of tax the company has to pay annually. The company must have at least 50 employees and an annual turnover of at least 10 million euros. Making the right choice between these two options can be strategic when it comes to making plans for your future business. We can help you choose the best possible solution that suits your needs by doing all the necessary calculations for you and providing all the necessary advice on the appropriate options. We can also provide legal support for the entire process - including your residence permit.

https://www.immigration-residency.eu/residence-permit-latvia/business-investment/