A permanent residency in Latvia is pretty much important for a long term citizenship in Latvia. Latvia presents us a lot many reasons on economic viability and long term growth in the Baltic region. To get permanent residency in Latvia is very necessary for those who seek a good business opportunity, setting up a business enterprise or become self employed in Latvia. For those who seek a stay of more than 90 days to six months, it is advisable to get permanent residency in Latvia. An intending migrant need to first apply for a residence permit at any of the consular offices of Latvia. Initially, the permits are allowed for a period of 1 to 5 year subject to the circumstances and eligibility of the migrant. There also exists a possibility of an extension on the residency permit depending on the gravity of the reasons mentioned. Once issued, a residence permit allows the person to enter Latvia to live & work in the Republic of Territory, without a visa. The person is also entitled to the various social and medical benefits as can be availed by any other citizen of Latvia. A residence permit can be issued on any one of the following aspects:-
A residence permit doesn’t alone give the immigrant right to enter the European Union countries. It is mandatory to first attain the ‘Permanent Resident’ status as per the immigration policy at EU. The immigrant is required to first show the proof of a stable income that establishes the financial independence of the family. The immigrant should have stayed in any of the European Union country for a minimum of 5 years with no less than 10 months of annual leaves.
The procedure on obtaining the status of ‘Permanent Resident’ starts with submitting the filled application form on the same. The application form must also be accompanied with the life & health insurance policy, a certificate on availability of residence at Latvia, Photograph and other necessary documents on education, professional expertise, marriage or financial stability. The applicants are also required to show a medical certificate issued by a medical authority on the person being free of Tuberculosis, pathogen or any other epidemic. A Latvian Temporary Resident Status can initially be acquired to first settle down in Latvia. Subsequent to the stay of the 5 year period under the temporary visa, the immigrant can go ahead and apply for the permanent residence status in Latvia.
Latvia has acquired the status of a rightful destination for capital investment and employment generation. The recent listing on ‘Ease on doing businesses’ ranks Latvia on 21st place worldwide thereby making it an attractive destination among the immigrant population. The Republic of Latvia also makes the transition smooth for any intending immigrant to make the work force more competent of the global requirements.