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Latvia

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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.

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Blue Card Procedure:

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To receive the blue Card, your future employer must first get approval for an invitation for employment from the local branch of the Office of Citizenship and Migration Affairs (OCMA). 

Pre-registration of the job with the State Employment Agency (NVA) in not required, but must attract an annual salary of 1.5 times the national average salary. 

Once the employer's invitation is approved, the migrant submits the application for a Blue Card to the consulate of the Republic of Latvia abroad, which sends the application to the OCMA for evaluation. 

EU Blue Card benefits:

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Amongst many exceptional advantages gained by becoming an EU Blue Card holder, presented below you may find an overview of the key beneficial components:

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All benefits except for housing, loans and grants are provided to the EU Blue Card holders.

EU Blue Card holders are allowed to go back to their home countries or other non-EU states for a maximum of 12 consecutive months without losing the EU Blue Card ownership.

You can apply for the permanent residency permit after 33 months of working in the first hosting state, or 21 months if B1 language level knowledge is achieved.

Objectives: 

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The EU Blue Card program is designed to make Europe a more attractive destination for professionals from outside the European Union. All EU member states -except the United Kingdom, Denmark and Ireland- issue the EU Blue Card. 

To an extent the Blue Card program is a merit-based system; interpreting a person with ‘merits’ as one who received adequate education or, through professional experience possesses sought-after skills. The blue card is not points-based; either you have the education or skills, or you do not. 

The European initiative has a number of distinctive qualities that will help Europe become the world's most favourite migration destination:

  • Working and salary conditions equal to nationals

  • Free movement within the Schengen area

  • Entitlement to a series of socio-economic rights (e.g. unemployment benefit)

  • Favourable conditions for family reunification

  • Permanent residence perspective

  • Freedom of association

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Conditions:

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Three key conditions are to be met in order to request the EU Blue Card.

  • Non-EU citizenship

  • Educated or professionally experienced

  • Employment contract or binding employment offer

Your profile in the EU Blue Card Network has a double function: it can be consulted by employers so that they can offer you an employment contract. Secondly, it enables you to submit your application.

 

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