Latvia can be an attractive destination for foreign entrepreneurs who want to combine business activities with the possibility of living in the country. Establishing or joining a Latvian company may provide several routes toward obtaining a residence permit, depending on the applicant’s role, investment and employment situation.

For entrepreneurs considering a move to Europe, Company-Formation-Latvia.lv provides information about business opportunities in Latvia and the residence options connected with running or working for a Latvian company.

Residence Through Investment in a Latvian Company

One possible route is based on an investment in the share capital of a Latvian company. A foreign citizen may qualify for a residence permit after making the required investment in the company.

For a smaller Latvian company, the investment amount is at least EUR 50,000, provided that the company meets the relevant requirements concerning annual turnover and the number of employees. For larger companies exceeding the specified turnover and employee thresholds, the required investment is EUR 100,000.

This option can be particularly relevant for entrepreneurs who intend to become active participants in a Latvian business rather than simply establish a company for administrative purposes.

Residence Through a Position in a Latvian Company

Another possibility is connected with holding an official position within a Latvian company or a related business structure. Depending on the circumstances, this can include positions such as a board member, administrator, council member, partnership representative, proctor or liquidator.

A foreign entrepreneur may therefore consider residence in Latvia as part of a broader business plan involving management, administration or representation of a company.

Residence Through Employment

Employment with a Latvian company represents another potential route. According to the provided framework, a foreign citizen employed by a Latvian company with a minimum monthly salary of EUR 860 may apply for a residence permit.

This type of permit can be issued for a period of up to five years, while annual extension requirements apply. For people who plan to build a professional career in Latvia, employment can therefore provide an alternative to making a substantial investment in company share capital.

C-Type Visa as a Short-Term Alternative

A residence permit is not the only option connected with travel to Latvia. A C-type Schengen visa can provide short-term access to the Schengen area. Depending on the visa issued, it may be valid for multiple, double or single entry.

A unified C-type visa allows travel within the Schengen member states, while another type may be limited to Latvia or issued with an exclusion concerning a particular Schengen country.

Latvia as a Business and Residence Destination

For foreign entrepreneurs, Latvia offers several business-related pathways that may be relevant when planning relocation or long-term activities in Europe. The appropriate option depends on the applicant’s investment, position, employment and individual circumstances.

Company-Formation-Latvia.lv focuses on helping international clients understand the business environment in Latvia and the opportunities connected with establishing and operating a Latvian company.