Residence Permit for Company Board Members in Latvia
The Republic of Latvia offers temporary residence permits for company executives and key employees. This program opens wide perspectives for developing your business in the European Union.
Requirements for Obtaining a Residence Permit in Latvia:
1. Company Position:
- Board Member (Director) of LLC or JSC
- Council Member
- Procurator
- Administrator
- Liquidator
2. Company Parameters:
- Minimum share capital: €2,800 for LLC
- Company age: must be operating for at least 1 year before residence permit application
3. Salary Level:
- Minimum €3,074 per month before taxes
- Taxes amount to €1,691 per month
4. Company Tax Contributions:
- Total annual tax payments must be at least €21,500
Benefits of Residence Permit for Board Members:
1. For the Applicant:
- Right to live and work in Latvia
- Free movement within the Schengen Area
- Access to European education and healthcare systems
2. For Family Members:
- Right to employment and commercial activities in the EU
- Access to European education and healthcare systems
Validity Period:
Residence permit is issued for five years with possibility of extension
Application Process:
- Submit documents to the Office of Citizenship and Migration Affairs of Latvia or at Latvian consulates abroad
- Processing time: 30 working days (standard) or 5-10 working days (expedited procedure)
Required Documents:
1. For Board Member Residence Permit:
- Completed residence permit application form and photo
- Valid passport
- Apostilled criminal record certificate (valid for 6 months) for all persons over 14 years
- Proof of residence in Latvia
2. For Family Reunification:
- Marriage certificate (with apostille)
- Children's birth certificates (with apostille)
- Notarized consent for minor child's residence in Latvia (for children from previous marriages)
- Bank statement proving sufficient funds (minimum €8,400 per adult and €2,520 per child, valid for 3 months)
Our law firm provides comprehensive services for obtaining residence permits for company board members in Latvia. We will help you:
- Register a company in Latvia or adapt an existing one to program requirements
- Prepare all necessary documents for the residence permit
- Guide you through the entire process
- Provide support with accounting and other operational matters
- Assist with adaptation to life and business operations in Latvia
Open new opportunities for your business with a residence permit in Latvia as a board member!