LATVIA RESIDENCY BY COMPANY REGISTRATION.

LATVIA RESIDENCY BY COMPANY REGISTRATION: PART ONE

Latvia: Small country in the Baltic region of Northern Europe. One of the 3 Baltic states and also part of the Schengen Agreement (if you want to know more google is your friend, this is not a geography class😜). 
There are a few ways to get residency. 

1. Be rich. (Invest 35,000euros in a business and pay 40,000euros in taxes yearly 😳 if you have that type of money to pay as taxes, you probably won’t be trying to run away from Nigeria🙄). 

2. Be very rich. (Buy real estate worth 250,000euro😳 let’s leave that to the Rich Russian mafias😂)

3. Be very very rich. (Put 280,000euros in a fixed term deposit). 

4. Be smart. (Register or buy a company, employ yourself and pay the right amount in taxes to maintain your residence by paying the minimum amount of tax required to maintain the residency. I will be discussing this below👇🏾. 
Step 1: Buy a company, It is advisable to buy, it is much easier. 

Step 2: Get a virtual office, hire an accountant and a lawyer. (Give the lawyer power of attorney to be able to act on behalf of the company) 

Step 3: Open a company account. (Bring your CV, letters of intent from potential suppliers and buyers that show you plan to do real business) 
THESE 3 STEPS SHOULD TAKE ABOUT 5 WORKING DAYS. 
Step 4: Employ yourself. (Yep! You have to employ yourself) Put out a job offer. (You have to do that to prove that no Latvian or Latvian resident can apply for the job position you want to employ yourself for). This process should take about a month. 

Step 5: Pay yourself salary for at least 2 months to show that your company is functioning. 

Step 6: Apply for residency permit. (You have to renew it every year for 5 years, and after 5 years you can apply for permanent residency) 

Note: You can only apply from your country of residence. 

Technically, you residency application cannot be rejected as long as you meet the requirements. It’s can only be delayed. 

I will only respond to questions about Latvia residency dropped in the comment section👇🏾. So if want to hide your travel intentions from your village people by sending me a private mail, I cannot epp you. 👋🏽👋🏽. 

3 Comments

  1. Hey Gloria, glad you decided to start blogging, I follow your jaunts on IG. I love your sense of humor and down to earth attitude. As a Naija travel enthusiast myself, the struggle is real! and your tips help address concerns most Naija travelers have.
    I’ll be tagging along for the ride. Keep the posts coming!
    Bukola

  2. Hey Gloria, good day. I am considering relocating to a good European country with relatively low cost of living. Please I would really appreciate your guide thanks.

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