Immigration services » Information about Visa

    Visas and invitations

A visa is a sticker which is placed in a travel document. Before entry into Latvia a visa must be obtained at Latvian consular missions in foreign countries.

List of countries which citizens may enter the Republic of Latvia without a visa and stay in Latvia for up to 90 days within a six-month period from the day of entry:

1.Citizens of the European Union, member states of the European Economic Area and Swiss Confederation:

2. List of countries and territorial authorities citizens of which do not require a visa in accordance with Council Regulation (EC) No  539/2001 of 15 March 2001 listing the third countries whose nationals must be in possession of visas when crossing the external borders and those whose nationals are exempt from that requirement:

3. Categories of persons who are exempt from the visa requirement: 

– British Nationals (Overseas);

– holders of British subjects passports (Persons who are British subjects by virtue of Part IV of the British Nationality Act 1981 and who have the right of abode in the United Kingdom and are therefore exempt from United Kingdom immigration control); 

– Recognized refugees, stateless persons and other persons without a citizenship, who permanently reside in one of the EU member state and who hold a travel document issued by this member state (except Great Britain and Ireland).

Citizens from countries which are not mentioned above may enter the Republic of Latvia only with visa.

There are 2 forms of visa: individual visa and group visa.

There are 3 types of visa: single-entry visa, double entry visa and multiple-entry visa.

There are two types of Visa:

  – short term Visa;

  – long term Visa.

Documents required for submitting application of visa

 – valid travel document; 

– accomplished, signed visa application form and photo;

– document copy what confirms that the applicant has a health insurance policy;

– documents what confirms the reason for entry and the expected place of residence or invitation letter of approved by the Office of Citizenship and Migration affairs (the invitation is valid for 6 months from the date of approval);

– receipt which confirms payment of fees.

 According to the Immigration Law, in order to be able to enter and stay in the Republic of Latvia, a foreigner must prove that one has sufficient financial means.

The following amounts are required:

– if the party extending the invitation provides the foreign national being invited with accommodation, the estimate for the required financial means is 10 LVL a day;

– if the foreign national intends to stay at a tourist accommodation, the estimate for the required financial means takes into account the cost of lodging based on the applicable rates, and is at least  30 LVL a day.

If You need immigration services or other legal services, please contact us

 Tel.             (371) 29 112 333      

 e-mail: visas@visas.lv

 Immigration services » Advantages of immigration to Latvia

Advantages of immigration to Latvia

 In this article we want to show you why Republic of Latvia is one of the best counties in Europe for immigration process.

  Immigration laws of European Union are getting same for all its members (The 25 Schengen countries are: Austria, Belgium, Czech, Denmark, Estonia, Finland, France, Germany,  Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and Switzerland. With Latvian residence permit you can live and work in any of these countries- members of European Union). Each country have its own specific character of immigration laws but its main features that allow its citizens and holders of residence permit to live and work legally in Europe are maintained in all European countries. United Kingdom and Ireland are not included in Schengen zone.

  There is a certain period after which a person can get permanent residence permit in all European countries after official immigration. This period may not exceed 5 years after official immigration of foreign citizen.

  We think that Latvia is one of the most attractive countries from the immigration point of view and simplicity of preparing documents needed for immigration. If you want to live and work abroad, Latvia is the best for you: Immigration to Latvia is really simple – you don’t need to satisfy strict age requirements, have higher education, know Latvian language or wait for several years without knowing result.

  If we talk about simplicity of immigration process you should understand that it is a bit simpler to get residence permit and to satisfy all immigration laws in Latvia in comparison with other countries, but anyway it is not an easy thing to do.

 Advantages of immigration to Republic of Latvia in comparison with other European countries:

 1. Tax weight

Total tax weight in Latvia which forms from all the taxes including Social insurance tax is just 30,5% from GDP. It is one the lowest index via 27 EU countries. Average tax weight in Europe is 39,8% from GDP. The highest tax weight are in Denmark – 48,7%, Sweden – 48,3%, Belgium – 44%, France and Italy – 43,3% from GDP.

Value added tax (VAT)

Most of goods and services are taxed with 21% but there are exceptions and some specific goods and services are taxed with 10% VAT.

Personal income tax

Personal income tax is 23% from private incomes.

Corporate income tax

Corporate income tax to companies is 15%.

   2. Latvia is a member of European Union and part of Schengen zone

Latvia became a member of European Union in 2004 and from 21^st of December 2007 Latvia is part of Schengen zone. It means that after your immigration to Latvia you will get Schengen visa and can go to any European country (Schengen country) without additional visa. Article about Latvia in European Union, Schengen.

   3. Very highly developed bank infrastructure

There are more than 20 banks what operates in territory of Latvia. Mostly they are controlled by Sweden, Norway, Germany and Denmark. They make financial system of the country stable and allow keeping money on the accounts without being scared about it.

   4. Geographical position.

Latvia, officially Republic of Latvia is one of the three Baltic States in Northern Europe in the Baltic region. It is bordered to the north by the Baltic state Estonia, to the south by the Baltic state Lithuania, and to the east both by Belarus and the Russian Federation. Across the Baltic Sea to the west lies Sweden. Article about Latvia in Baltic States.

If You need immigration services or other legal services, please contact us

 Tel.             (371) 29 112 333      

 e-mail: visas@visas.lv

    Immigration services » Scheme of immigration to Latvia

1.      Collection of all necessary information about Latvia, about emigration to Latvia and then taking decision about emigration.

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2.      Signing a contract with visas.lv about registering a company in Latvia and providing us with documents we need for starting the process of registration Latvian company and immigration to Latvia. Client must provide:

–        Passport for traveling abroad;

–        Home address written in English;

–        Police clearance certificate proving that a client hasn’t committed any crime in his native country;

–        Preferable name for future company;

–        Division of shares in case if it is provided two or more share holders to company.

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3.      Advance payment 50% of the contract.  Then visas.lv prepares powers of attorney that Client has to sign in Latvian consulate in presence of notary and with their help we start the procedure of registration your company according to Commercial law of Latvia. Some documents must be legalized. For more information see: Legalization of documents.

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4.      After we get documents in one week your Latvian company will be registered and you will get proof that you are its 100% owner board member.

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5.      We prepare pack of documents need for residence permit (including proof of accommodation, company’s registration certificate, and translated necessary documents);

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6.      Scanned copies of all certificates are sent to a client and Client pays remaining 50% of our fees according to contract.

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7.      Originals of all needed documents are sent by currier (DHL or TNT) to a client.

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8. Client applies in Latvian consulate (Latvian embassy) for multiple residence permit with purpose of running business. Residence permit gives right to travel in all Schengen countries (note: UK and Ireland are not part of Schengen).

If You need immigration services or other legal services, please contact us

 Tel.             (371) 29 112 333      

 e-mail: visas@visas.lv

   Immigration services

Immigration to Latvia (European Union & Schengen)

 Visas.lv is a Latvian company providing a wide range of services relating also to emigration and integration into European market.

 We guarantee a high quality of service provision. Our company makes it possible for you to obtain a multi-entry visa and get legalized in the country, start a company which operates in a way which corresponds to your profile, open a bank account, purchase real estate in Latvia and establish contacts with business partners in all countries in the European Union.

 We will prepare tax documents and register your company with the governmental institutions. We will work together with you to develop and implement a plan which will enable you to achieve the relevant status.

 Here you can get all necessary information our services related to immigration to Latvia.

 » About Latvia

 » Latvia in European Union, Schengen

 » Latvia in Baltic states

 » Advantages of immigration to Latvia

 » Scheme of immigration to Latvia

 » Information about Visa

 » Short term Visa

 » Long term Visa

 » Invitation

 » Work permit

 » Residence permit

 » Study in Europe – Latvia

 » Legalization of documents

If You need immigration services or other legal services, please contact us

 Tel.             (371) 29 112 333      

 e-mail: visas@visas.lv

         Accounting services

   Company Visas.lv offers accounting services and accounting consultations concerning with accountancy of tax and personnel. We realize full financial analysis of accountancy and timely notification to manager about any risk

which endanger successful development of business. Company Visas.lv also manages making accounting reports, all necessary accounting documents and delivering them to State revenue service, Central Statistical Bureau and

other institutions of the Republic of Latvia.

  If you choose accounting services in Company Visas.lv we take consequences for accuracy and punctuality of accounting services in your Company and in accordance with all regulations of accounting. Delegating accounting

services to us you will save up on personnel, taxes as well as on working place and qualification courses in accounting for employee, without which professional accounting is impossible.

    Accounting services we offer include:

 – Accountancy in accordance with the legislation of the Republic of Latvia;

 – Analysis of the primary documentation;

 – Drawing up of all necessary reports (declaration) and submitting them to the territorial office of the State revenue service;

 – Representation in State revenue service;

 – Drawing up bookkeeping organization documents;

 – Verification of payments with dealing partners;

 – Calculation of the salary;

 – Working with source documents, entering them into registers;

 – Consultations on questions about accounting;

 – Drawing up of all internal documents according to legislation;

 – Tax optimization.

If You need immigration services or other legal services, please contact us

 Tel.             (371) 29 112 333      

 e-mail: visas@visas.lv

 Company formation  » Timescales and fees

Timescales:

• The company can be formed in two days if there is only one shareholder.
• Five days to form the company once the application to State Enterprise register has been signed and share capital has been transferred.
• 10-15 business days to obtain VAT number.
• Shelf companies are available (documents for registering are available in 5 days), whereby a one day visit is enough to handle all required documentation and visit to the bank.

   Please feel free to contact us for additional information about these or alternative arrangements and possibilities.

   Fees:

• Company formation, bank account and VAT registration: €1000 plus VAT;
• Shelf company, bank account and VAT registration: €1,000 plus VAT;
• Legal address in Latvia for company, incl. mail forwarding: : €80 plus VAT per month;
• Accounting services (This includes, complete accounting service, up to 50 entries per quarter.): €200 plus VAT per month;

If You need immigration services or other legal services, please contact us

 Tel.             (371) 29 112 333      

 e-mail: visas@visas.lv

    Company formation » Bank accounts

  Before registering company in some cases there must be opened temporary bank account in which must paid money for share capital. After registering company in State register of enterprises, bank account will be changed to operating account.

 Temporary bank account could be opened also with power of attorney given by founder or founders.

If You need immigration services or other legal services, please contact us

 Tel.             (371) 29 112 333      

 e-mail: visas@visas.lv

 Company formation  » Legal changes

Changes in foundation documents of Latvian company

 Founder/founders can make changes in foundation documents and here you can get information about situations which are necessary to register in State register of enterprises.

–          Change of legal address – Founders can change location of legal address. Legal address must be in Republic of Latvia;

–          Change of company’s name – There can used letters of Latvian or Latin alphabet, name must be different from name of already registered company;

–          Changes in articles of association – Articles of association must changed if founder wants to change name of company, number of board members, rights of representation of board members, value of share capital, number of shares, value of a share;

–          Changes in membership of company – change of board members (appointment of additional board members, cancellation of board members, board member leaves board), in rights of representation, in information about board members. Board members are appointed for period of three years or there can be shorter period which is written in statutes. In these cases must be submitted application to register of enterprises about prolongation of rights of representation.

 We do also other changes in all kind of foundation documents according to needs of client – buying and selling of company etc.

If You need immigration services or other legal services, please contact us

 Tel.             (371) 29 112 333      

 e-mail: visas@visas.lv

  Company formation » Shelf company

Shelf company

   Latvia is just 20 years independent republic and there are a lot of possibilities to make business and there are many free segments and many segments of business are not filled.

   Business and companies are products which we can freely sell and buy if they are formed especially.

  There are two solutions:

 1. Establish a new company

 2. To buy already formed and running business

  We offer shelf companies in Latvia and ready business. Shelf companies are just registered companies in State register of enterprises and also registered in State revenue service as tax payers. Shelf companies are without any working history and are ready for doing business. See Timescales and Fees for additional information.

  There are some business segments which are full and there is not possibilities to start new one. In such situation there is possibility to buy a business.

If You need immigration services or other legal services, please contact us

 Tel.             (371) 29 112 333      

 e-mail: visas@visas.lv

  Company formation

  Latvian company formation                                                        !!! Advantages of Latvian company !!!

   One of our main services is formation (establishing) companies in republic of Latvia in State Register of enterprises. Our employees according to your needs are ready to give you all necessary information and consultations about establishing Latvian company and necessary documents, as well as drawing up all required documents for registering of Latvian company.

 There are several company types in Latvia – Limited Liability Company, Joint Stock Company, individual businessman, limited partnership etc. Here you can find main necessary information about formation of most popular company type in Latvia– Limited Liability Company as well as our offered services related with changes in foundation documents of company.

 Requirements:

     – Minimum share capital – LVL 2000 (€3090), at least half to be paid up;

     – Minimum directors: one required;

     – No restrictions on foreign shareholders or directors;

     – Registered office address (Legal address);

     – A visit to Latvia is necessary to open a bank account, to sign documents and to discuss accounting requirements or there is also possibility to register company without visiting Latvia by making power of attorney to register company and open bank account and filling some necessary documents

Please feel free to contact us for additional information about these or alternative arrangements and possibilities.

 Benefits of limited liability company (LLC or SIA) in Latvia:

–          company is legal entity;

–          all company liabilities are limited with the share capital;

–          simply procedure of registration of company;

–          it is not necessary to visit Latvia for registering of limited liability company in Latvian state register of enterprises;

–          owner of limited liability company can be any person (legal entity and physical person) and also offshore company;

–          simply managing (can managed by one person);

–          there is not necessary for local (resident) director of company;

–          Corporate income tax of Limited Liability Company is 15%.

 Required information for registering LLC

–          company name (there can used letters of Latvian or Latin alphabet, must be different from name of already registered company);

–          legal address of LLC (legal address must be located in Republic of Latvia, we offer service of legal address);

–          information about founders of company;

–          information about board of members;

–    information about share capital;

If You need immigration services or other legal services, please contact us

 Tel.             (371) 29 112 333      

 e-mail: visas@visas.lv