Residence permit in Latvia, Lithuania, Malta

Temporary residence permit is a document that gives the foreigner the right to stay on the territory of a member state of the European Union, work, study, use medical and public services, issue an invitation for issuing visas to relatives and other persons, and freely move around the European Union.

LEX FINANCE offers a comprehensive solution to all issues related to obtaining a residence permit in Latvia.

 

Temporary residence permit in Latvia for a period of up to 5 years can be obtained by fulfilling one of the following conditions:

1. Investments in the fixed capital of an enterprise of the Republic of Latvia.

A foreign investor must invest at least EUR 35,000 in the capital of a Latvian company. Also it is necessary to take into account that within a year this enterprise should pay taxes for 40 000 EUR.

2. Investments in a credit institution (bank) of the Republic of Latvia in the form of a subordinated capital of a credit institution.

A foreign investor must invest no less than 280,000 EUR. The minimum period for such a loan is 5 years. The Latvian bank provides an investor with a certificate of placement of the deposit, which gives grounds for obtaining a temporary residence permit for both the investor and members of his family.

3. Investments in real estate of the Republic of Latvia.

Purchase of immovable property in Latvia for an amount not less than EUR 250,000 and a cadastral value of at least EUR 80,000.

4. Representation of a foreign company.

Fast registration procedure for a representative office of a foreign company. When extending the residence permit, you must provide a report on the work of the mission.

5. Employment of a member of the board.

The company is registered in the Register of Enterprises for at least a year; the authorized capital of the Company is not less than 2800 EUR. The company is obliged to contribute at least 21 000 EUR during the year.

6. Employment contract.

Employment in a Latvian company with a salary of at least 850 EUR.

 

The company LEX FINANCE will choose for you the most advantageous variant of obtaining residence permit in Latvia

 Order a consultation by writing to consulting@old.lexfinance.lv or call +371 29 51 52 51

 

OBTAINING RP IN LITHUANIA

 

A residence permit is required if you plan to stay in Lithuania more than 90 days during the first half of the year, starting from the first day of entry, you want to engage in commercial activities, work for hire or study.

The residence permit is initially issued in consular offices outside of Lithuania, usually for a period of 1 year, and then can be extended. After five years there is an opportunity to obtain a permanent residence permit.

 

We offer you several options for obtaining residence permit in Lithuania

• Reunion of a family (in Lithuania, parents or children who are citizens of the Republic of Lithuania live, a spouse (a) who has either a nationality or a permanent residence permit in Lithuania)
• Employment (in the event that there is a work permit)
• Study (under the program of secondary, higher education, internship, advanced training, etc.)
• Business (if you are the owner or manager of a company registered in the Republic of Lithuania)
• Scientific work (upon agreement with a scientific institution in Lithuania)
• There is a Lithuanian origin
• There is a reserved right to the citizenship of the Republic of Lithuania

The easiest way is to get a residence permit in Lithuania on the basis of a firm, it can be either the opening of a new enterprise or the purchase of an already existing one.

 

Order consultation by writing to consulting@old.lexfinance.lv or call +371 29 51 52 51

 

OBTAINING RP – MALTA

 

From July 1, 2014, the Residence Rules Program (RRP) came into force in Malta. The purpose of introducing new legislation is to enable citizens of EU member states to obtain the status of a resident of Malta and, as a consequence, the possibility of tax concessions.

Advantages of RRP:

• Resident status in a prestigious country and comfortable jurisdiction;
• The right to conduct business, invest and work in Malta;
• Reduced tax rates;
• The minimum family tax is 15,000 euros per year (there is no additional tax on spouse, children or dependent persons)
• Schengen visa, providing freedom of movement in the Schengen countries;
• There is no inheritance tax;
• The agreement on exemption from double taxation is in force;
• Possibility of obtaining a residence certificate.

Who can claim:

• Individuals who are already citizens of the EU Member States, as well as citizens of Iceland, Norway and Liechtenstein;
• Dependents, including spouse (s) or civil partner, children under 25, extended families and other family members.

Also in Malta, there is the Global Residence Program (Global Residence Program). The program is designed to attract individuals who are not subjects or permanent residents of EU member states, the European Economic Area and Switzerland.

Persons who receive a residence permit under this program can work in Malta provided that they meet the requirements for obtaining a work permit.