Monday, October 29, 2012

Types of temporal residency in Latvia

Types of temporal residency in Latvia

This is compilation of the types (or ways) you can gain residence permission to live in Latvia - A Schengen area member. Click READ MORE to know how to get in Schengen!



The compilation

Immigration in Latvia (up to 5 years) & immigration in Lithuania (up to 1 year)
It is possible to receive residence permit for up to 5 years in Latvia and for up to 1 year in Lithuania, that can be renewed at the end of this term. Obtaining residence permit in Shengen agreement Member State grants its owner an opportunity to travel visa-free within Shengen area under the same conditions as for citizen of mentioned Member State. Latvia and Lithuania are present Member States of Shengen agreement. Along with the main investor residence permit can be received by his or her spouse and juvenile children.
Immigration in Latvia (up to 5 years) if investing in real estate

Obtaining a residence permit

The uniqueness of these amendments lies in the fact that a new method for obtaining a residence permit was introduced – investing in real estate. It has attracted a large number of investors, as a foreigner investing in real estate has the possibility to move freely within the Schengen area.
Residence permit through investments according to changes in law
A residence permit is a document that gives a foreign citizen the right to temporarily (a temporary residence permit) or permanently (a permanent residence permit) stay in the Republic of Latvia.
Temporal residency in Latvia for students
Under Latvian Immigration Law, a residence permit gives a foreigner the right to reside in the Republic of Latvia for a specified time period, for example, students may reside in Latvia for the time period of studies.
Visa certifies that a person has requested an authorisation to enter and reside in the Republic of Latvia or in any Schengen Agreement Member State for the period of time indicated in visa and for the number of times indicated therein.

Disclaimer

This compilation can be found here.

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