Latvia is a north European nation that lies in Baltic region. It shares its borders with Estonia in north, Lithuania in south and in east with Russia and Belarus. The population of is around 2.1 mill and area 64589 square miles. The national capital Riga is the largest in the Baltic States housing more than 30% of population of the country. It is an important seaport and also a major industrial, commercial, cultural and financial center. It also has region’s largest international airport.
The national currency is Lats and One (1) Latvian Lats is normally approximately Two (2) USD. The language of the country is Latvian and majority of population has been historically practicing protestant Christianity, except for the Latgalia which has a majority of Roman Catholic followers. The majority ethnic group of the nation is primarily Latvians who count around 62% of the total population, followed by Russians whose number represent around 27% of population. Other small ethnic groups are constituted by Belarusian, Ukrainians, Polish and Lithuanians, etc.
The climate is humid and a temperate that is primarily influenced by oceanic weather. Summers last from month of June to August with temperatures staying on an average of 15 to 16 degrees Celsius and warmest month being August, while winters can be experienced though sometimes harsh in months of December to February with the temperatures ranging around -4.5 centigrade. The coldest month can be January.
Latvia Temporary Resident Permit
The Latvia Temporary Resident Permit (LTRP) is a basically a type of certificate that offers an overseas personnel the right to stay inside the nation in question for a fixed duration. In the form of a visa, this document is pasted onto the passport of the visitor even as it shows the name and surname of the owner, and also the assigned identity number.
The permit offers the visitor the right to spend a longer period of time inside the country. The holder can have unrestricted stay within Latvia during the validity of the Latvia TRP. The TRP holder also have unrestricted movement within any of the Schengen countries and stay inside any of the Scheengen nations for up to 90 days. It also helps one make unrestricted and free border movements between the EU and the non-EU nations.
In other words, the offered Latvia TRP is meant for applicants who are interested in having an immigration status that lets them do a business in Latvia as also offer all travel related benefits in the Schengen Zone. Latvia TRP options are unique in that one even gets the permit by making passive investments in Real Estate or subordinate capital/financial instruments of a Latvia based financial institution.
So one may take Latvia TRP for doing serious business across the whole of the Schengen and the EU Zone, or simply for the purpose of having a visa that will provide him travel convenience, without strict requirements, in terms of physical residency in Latvia. The LTRP application process is smooth with the processing time being just 30 days or even less-from the date the application is duly filled and submitted along with all the completed documentation formalities.
Schengen Zone Countries
Holder of the LTRP is permitted visa free travel through the Schengen zone countries. They can also live in any Schengen zone country for up to 90 days. The countries which fall in the Schengen Zone are Austria, Belgium, Czech Republic, Denmark, Estonia, Greece, Hungary, Iceland, Italy, Finland, France, Germany, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and Switzerland.
Latvian Temporary Residence Permit Validity
Latvian Immigration Department decides about the duration and issuance of the permit. Generally, post approval, the applicant would be given a renewable, multiple entry LTRP for a span of five years. The holder is, however, required to renew the permit after every 12 months period, and up to five years from first approval.
If the applicant wants to renew it, it should be done 10 weeks before the expiry day, while he is still living in the Latvian Republic. The applicant will gain eligibility to apply for the LPRP after five year stay in the Latvian Republic as a Temporary Residence Permit holder. Our Latvian experts and lawyers can manage the extension process with least inconvenience to our clients.
Guarantee for getting the Temporary Residence Permit
We believe in providing authentic service. Providing guarantee for any permit or visa is not possible for any immigration provider, and we are NO exception. We don’t believe in giving false guarantee but can assure of giving an unswerving immigration service, along with an updated knowledge on the Latvian Permit. With an updated knowledge, authentic and well prepared documents and ace advice, along with having best of the Latvian lawyers and consultants as associates, would try their best to reduce any chances of denial.
What if your application is refused!
If somehow the application is rejected, an appeal would be made against the refusal decision and all the necessary steps would be taken. Our lawyers would leave no stone upturned in convincing the Latvian Immigration Department to issue the permit on the basis of your status. If by any chance, the application faced rejection even after making an appeal, the applicant would be given a Refusal letter issued by the Latvian immigration agencies or local Embassy.
It will contain the reasons as to why the applicant has NOT been granted the permit. We would require the letter along with the original refusal letter issued by the Latvian Embassy. The service fee would NOT be refunded back without re-applying and submitting the mandatory documents after the refusal.
Optional Support Services through our Latvian associates for our TRP clients
Services related to purchase and sale of Latvian businesses and properties
Helping in liaison with Latvian government agencies, real estate agencies, service providers including accounting and law firms
Offering marketing strategy on successful entry into Latvian market and helping in preparing a sound business plan
Human resource planning including hiring and training
Learning Latvian language
Planning & managing events in Latvia
Planning & establishing outsourcing businesses in Latvia
Latvia Temporary Resident Permit Options
There are 3 options available for making an application for Latvia TRP:
Latvia Temporary Resident Permit (Latvia TRP) – Investing in Equity Option
Latvia Temporary Resident (Latvia TRP) by investing in Real Estate
Latvia Temporary Resident Permit (Latvia TRP) through investments in Subordinate Capital
Benefits of Latvia Temporary Residence Permit
The holders of Latvia Temporary Residence Permit (TRP) enjoy several benefits with these being the key ones:
Unrestricted movement across the Schengen Area
Being member of the EU and Schengen Treaty, Latvia offers an incomparable advantage to the permit holders of enabling them to gain freedom to an unrestricted movement in the EU member countries and staying there without needing to obtain a visa.
Settlement opportunities to other EU countries
Migrants aspiring to move their set-up to any EU member countries in future will stand a better chance of making it successfully and on priority
Long duration of residence permission to stay in the nation
Latvia TRP has a validity of 5 years permitting a stay in the country, through the extent of validity of the entry permit.
Multiple entries into this Baltic state
Once you obtain this visa, you are eligible for multiple entries into Latvia and other EU states (up to 90 days within a six month period). The TRP holder can also stay full time in Latvia during the TRP validity period.
No specific residence fulfillment requirements
You don’t need to reside in Latvia for a relevant period in the nation to retain your TRP status. Extension is granted and can be maintained with least formalities. Extension formalities are very easy and simple to meet for holders who have met the applicable terms and conditions of TRP issuance of one of the three possible options.
Eligibility to file an application for residency
Grant of TRP makes the holder eligible for status and the rights of a resident
Advancing onto the citizenship of Latvia
On the successful completion of the TRP, and subject to fulfillment of the criteria, the Resident visa holder has an option to permanently make Latvia his home and become citizen of the Latvia
Bring your family along
TRP allows your family to accompany you to this Baltic state and enjoy similar facilities as you while being in the country
Unrestricted freedom to do business and investments in Latvia
As a TRP holder, you have an unrestricted access to business and investment opportunities in the nation.
TRP process can be initiated and finalized without personal visit
For applicants short of time or not having appropriate visa to visit Latvia or other Schengen countries or Europe or past visit visa refusals, getting Latvian TRP under one of the 3 permitted processes is possible and feasible. One need to and may fly into the nation only after entire TRP process has been completed.
Geographical location provides opens up more business opportunities
Perfectly positioned between the EU and the CIS, one can NOT ask for a better affordable European location. The facet is supreme from the perspective of international trade and warehousing facilities, hence paving way to more business growth opportunities than ever. Geographically well located warehouse synonyms growth for business! Exporters can use this warehouse base to explore and grow business throughout Europe and CIS. Industries related to manufacturing and BPO can use affordable human resources to promote their business interests in Europe and the CIS countries.