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Baltic Legal provides useful advice and quality legal support for obtaining temporary residence permits in Latvia and Lithuania through investments. It is possible to obtain a residence permit for up to 5 years in Latvia and for up to 1 year in Lithuania, which can be renewed at the end of this period. Obtaining a residence permit in a member state of the Shengen Agreement grants its holder the opportunity to travel visa-free within the Shengen area under the same conditions as for citizens of said member state. Latvia and Lithuania are current member states of the Schengen Agreement. Along with the main investor, the residence permit can also be obtained by his spouse and minor children.
The process of obtaining a residence permit is relatively complicated and requires knowledge of local legal and procedural issues. Our lawyers provide the necessary advice to choose the best type of investment and take care of preparing all the necessary documents and obtaining the residence permit.
Latvia Latvian Immigration Law provides several ways for foreign investor to obtain a residence permit in Latvia. The most usual options are:
Residence permit by investment in real estate, for example, purchase of apartment. Read more Residence permit for company manager, for example, Manager Director, Chief Executive, Board Member, Proxy Residence permit through investment in share capital in the status of shareholder, for example, company formation and registration or acceding to existing company with significant investment Residence permit through investments in subordinated capital of credit institution Other options (non-investment related): Student visa: Latvian Immigration Law also provides residency for students. Residence permit for students. EU Blue card: If you are highly qualified you can apply for Blue Card. Lithuania Lithuanian Immigration Law provides ability to apply for residence permit up to 1 year through investments in business. In order to obtain temporal residence permit in Lithuania, the investment must fulfil following conditions:
a company has at least EUR 28 000 share capital; a company has genuine economical activities and pays minimum taxes; the presence of investor is necessary for business activities of a company.