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Residence Permit in Latvia through Business
Running a business in Latvia can be grounds for a residence permit for foreign entrepreneurs. A Latvian company opens up cooperation with partners worldwide, while the tax system provides a 0% corporate income tax on undistributed profit. We help you understand the requirements and support you at every stage: from the first consultation to a positive decision.
Get a consultationWhen arranging a residence permit calls for professional support
Many foreign nationals planning to obtain a residence permit in Latvia face questions already at the first stage:
- what conditions apply for obtaining a residence permit;
- what requirements are set for the applicant;
- which documents need to be prepared and where to get them;
- how long the process takes;
- how much the whole process costs.
The answers largely depend on the grounds provided by law and on your individual situation. Obtaining a residence permit through business often touches on related matters as well: company registration in Latvia, accounting services and legal support.
Professional support helps you avoid mistakes, save time and go through the residence permit procedure calmly and confidently.
Conditions for obtaining a residence permit through business
A residence permit on the basis of running a business can be obtained if the requirements of Latvian law are met. This path usually involves company registration in Latvia, for example as a board member, director or an employee of your own company.
The procedure usually includes:
- registration of a new Latvian company or purchase of a ready-made company;
- preparation of the document package for the residence permit.
The Latvian tax system provides a 0% corporate income tax on undistributed profit, which makes this option attractive for entrepreneurs who plan to develop their business in Europe and work with partners worldwide. Since every situation has its own specifics, it is important to assess the options in advance and organize document preparation correctly.
What our clients say
A friend invited me to become a partner in his Latvian company, and I invested in the business. As a foreign national, I also needed a residence permit. The NBC specialists prepared all the documents quickly and clearly. I highly recommend them.
The principles of our work
Focus on the result
We begin work only where there are real grounds for obtaining a residence permit, and we support the client until the procedure is completed.
Constant contact with the client
We always stay in touch, comment on each stage of document processing, explain the course of the process and are ready to answer any questions that arise.
More than 25 years of professional experience
Many years of practical experience allow us to confidently support the process and take all practical nuances into account at every stage.
The process of obtaining a residence permit in Latvia
- 1 Consultation and situation analysis
We review the situation, analyze the planned company structure and legal requirements, and advise on the specifics of Latvian company taxation.
- 2 Company registration and document preparation
We help register a new company or find an existing one and prepare the documents. If needed, we register the company by power of attorney without the client being present.
- 3 Issuing the invitation application
After registering the company, we submit the invitation application on behalf of the Latvian company: the company invites the foreign entrepreneur to run the business.
- 4 Submission of the full document package
After the invitation is approved, we prepare and submit all documents required by law and complete the questionnaires and forms so the procedure runs correctly and without delays.
- 5 Review of documents
The Office of Citizenship and Migration Affairs reviews the submitted documents and makes a decision on the case.
- 6 Obtaining the residence permit card
After a positive decision, the applicant arrives in Latvia to obtain the residence permit card.
Frequently asked questions about a business residence permit
How can I obtain a residence permit in Latvia through business?
The grounds are running a business through a Latvian company with participation in its management, for example as a board member, director or an employee of your own company. The path usually includes registering a new company or buying a ready-made one, submitting the invitation application on behalf of the company, preparing and submitting the full document package, review by the Office of Citizenship and Migration Affairs, and obtaining the residence permit card. We support the client at every stage.
Do I need to register a new company or can I buy a ready-made one?
Both options are possible. You can register a new Latvian company or purchase a ready-made one, depending on your situation and plans. Each option has its own specifics, so we help assess what suits you best and prepare the necessary documents. If needed, a company can be registered by power of attorney, without you being present in person.
What is the profit tax for a Latvian company?
The Latvian tax system provides a 0% tax on undistributed profit: while the profit stays in the company and is reinvested, no corporate income tax is charged. The tax is calculated at the moment the profit is distributed. The specifics of taxation depend on the company's particular situation, so we provide detailed advice on this during the analysis stage.
Do I need to open a bank account for the company?
A Latvian company usually needs a current account, since it is used for settlements with partners and mandatory payments. The procedure and conditions for opening an account depend on the specific situation and the chosen bank. We advise on this matter and help organize the necessary steps during the registration and document preparation stage.
Can I obtain a residence permit if I am a founder but do not work in the company as an employee?
The grounds for a residence permit through business are usually participation in the management or activity of the company, for example as a board member, director or an employee of your own company. If you are only a founder and do not hold such a role, the option is assessed individually, taking into account the company structure and legal requirements. During the consultation we review your specific situation and suggest a suitable basis.
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Get a consultation on a business residence permit in Latvia
Let us discuss your situation and explain how obtaining a residence permit through business works in your specific case.