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Our Services

Comprehensive solutions to launch, manage, and grow your business in Latvia.

Residence Permits Intro

Residence Permits in Latvia: Your Gateway to the European Market

Latvia is one of the most attractive destinations in the European Union for launching a business. Nord Virtual Office assists international investors and entrepreneurs not only in registering a company and a legal address but also in navigating the entire process of obtaining a Temporary Residence Permit (TRP).

A residence permit grants you the freedom to travel within the Schengen Area, scale your business internationally, and enjoy the benefits of being a resident in a stable EU member state.

Why Choose Latvia and Nord Virtual Office?

Business Mobility

Visa-free travel throughout the Schengen Area, allowing you to meet partners and clients across Europe without restrictions.

Family Reunification

Your spouse and minor children are also eligible for residence permits, ensuring your family stays together.

Simplified Administration

We provide the mandatory legal address and mail handling required for both company registration and residency status.

Digital Excellence

Use Latvia’s advanced e-signature and banking infrastructure to manage your business effectively from anywhere in the world.

Key Pathways to Obtaining a Business-Based Residence Permit

Latvian legislation offers several routes for foreign entrepreneurs. Here are the two most popular options tailored for business owners and investors.

Option 1

Investment in Share Capital

By investing in a Latvian company, you can apply for a TRP for a period of up to 5 years. Ideal for investors seeking a straightforward entry.

  • Investment: At least €50,000 (if the company employs fewer than 50 people and annual turnover does not exceed €10M).
  • State Fee: A one-time payment of €10,000 into the state budget after the residency is approved.
  • Requirement: The company must pay at least €40,000 in taxes annually.
Option 2

Member of the Board

Available if you hold an official position (Board Member) in an active Latvian company. Best for active entrepreneurs managing their business.

  • Company Age: The company should generally be registered for at least one year (exceptions apply for new businesses with solid plans).
  • Salary Requirement: A minimum salary threshold must be met, based on the current average gross salary in Latvia.
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Our Range of Services

We offer more than just an address—we are your partners on the road to residency.

Consultation

We evaluate your situation to find the most suitable application path for your specific needs.

Company Formation

Full preparation of documents for the Register of Enterprises, ensuring compliance.

Virtual Office

A prestigious legal address in Riga with digital mail scanning and forwarding included.

Immigration Support

Assistance in preparing questionnaires, financial statements, and documents for the OCMA (PMLP).

End-to-End Guidance

Comprehensive support from the first meeting until you hold your physical residence ID card.

Start Your European Business Journey Today!

Nord Virtual Office is the bridge between your business vision and the European market. Contact us today to learn about the latest requirements and receive a personalized offer.

Apply for a Free Consultation
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