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28.08.2020
Types of visas
C – short term visa or the unified Schengen C type visa allows its holder to enter the territory of all Schengen States and stay for up to 90 days within a 180 day period.
D – long term visa (national visa) is issued if a foreign national need to stay in the Republic of Latvia for more than 90 days within a 180 day period. The prolonged stay is allowed only in Latvia, but the visa holder can travel to other Schengen States and stay there for periods of no longer than 90 days within the previously mentioned period
Document checklist for visa application
Where to apply for a visa?
Application form can be filled out electronically here: www.vizas.pmlp.gov.lv and a printed version together with above mentioned document package has to be submitted through Pony Express to:
Limited liability company
Limited liability companies (LLC) are closed business entities whose equity capital consists of the total amount of the par value of the shares, which cannot be traded publicly. Limited liability companies may be established by one or more individual persons or legal entities. The minimum share capital of an LLC is EUR 2 800. More detailed description available here.
Joint-Stock company
Joint-stock Companies (JSC) are business entities whose equity capital consists of the total amount of the par value of shares in the company’s stock. Joint-stock companies can be closed or open with shares in public circulation. The minimum statutory capital for JSCs is EUR 35 000. More detailed description available here.
All companies must be registered in the Register of Enterprises.
Steps to register the most common type of entity - Limited liability company:
1. Opening a Temporary bank account and equity capital payment;
2. Payment for State duty and cost of publication in newspaper “Latvijas Vēstnesis” (bank receipts required later on);
3. Document submission in Register of Enterprises :
More detailed information, including fees and forms, available here.
*Note: All submitted documentation must be in Latvian or with a notary certified translation.
A person can obtain a temporary residence permit for a period not exceeding three years if he or she plans to establish a start up company, which is defined as a capital company with a high growth potential and it is related to the development, production or improvement of scalable business model and innovative products.
Within three months after receiving the temporary residence permit, the person must be appointed as a member of the board in the company in which he plans to carry out the mentioned activities.
A year after issuance of the temporary residence permit, the company must either receive venture capital investment or show that it continues to develop the product.
Documents to be submitted:
Another option how to obtain a temporary residence permit not exceeding five years is by investing at least 50 000 EUR in the equity capital of either a new or an existing company. Additionally, 10 000 EUR must be paid in the State budget. A total of 10 persons can apply for a temporary residence permit through investment in the same company if each of them fulfills the necessary investment requirements.
Documents to be submitted:
*If your spouse and child is entering Latvia with you, they must submit documents certifying kinship. If you are entering Latvia only with your child, then an allowance from the other parent which is notary approved or signed at the presence of a consulate official, must be submitted.
*Note – Investor has to be an individual
*TEMPORARY RESIDENCE APPLICATION DOCUMENTS CAN BE REVIEWED WITHIN 5 DAYS
*More information available in the website of Office of Citizenship and Migration Affairs.
Stay up to date on the monthly newsletters on recent news and activities.
Stay up to date on the monthly newsletters on recent news and activities.