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
The Latvian Immigration Law provides several ways for foreign investors to obtain a residence permit in Latvia.
The most common options are:

Residence permit through investment in real estate, e.g. B. Buying a home. Continue reading
Residence permit for managing directors, e.g. B. Managing director, managing director, member of the board of directors, authorized signatory
Residence permit by investing in share capital with shareholder status, e.g. B. Company formation and registration or joining an existing company with significant investments
Residence permit through investments in subordinated capital of the bank
Other options (non-investment related):
Student Visa: The Latvian Immigration Law also provides for a stay for students. Residence permit for students.
EU Blue Card: If you are highly qualified, you can apply for the Blue Card.
Lithuania
The Lithuanian Immigration Law provides the possibility to apply for a residence permit for up to 1 year by investing in companies. In order to obtain a temporary residence permit in Lithuania, the investment must meet the following conditions:

a company has at least EUR 28 000 share capital;
a company has real economic activities and pays minimum taxes;
The presence of an investor is necessary for a company to operate.
Are you still wondering?
If you are still considering immigration options and wondering how to apply for a residence permit, what the conditions are and how long it takes, visit this website and find all the necessary information in one step!