Company Founder

Residence permit for founders of company registered in the Republic of Latvia. 

There is a possibility of getting the residence permit  for founders or co-founders of Latvian companies who have made the certain amount to the authorized capital of the company, or have purchased a certain share of a company.

To get residence permit in this scenario, you must: 

1. Become a founder of Latvian LLC or joint-stock company (does not matter operating company or a new one)

2. Investment in the capital of Latvian company to the minimum amount of 35 000 EUR 

3. The company should not have any tax debts to the state budget of Latvia

4. Not more than three foreigners who invested in one company’s share capital can request temporary residence permit. 

In addition, you can freely use this money after getting residence permit. On the other side, in order to maintain residence permit, there is a requirement that the company pays not less than 40 000 EUR in taxes per year.

More detailed description of the procedure as well as the list of documents required you can get by contacting with our specialists.

 

 

Residence permit in Latvia