Certificates of completing exams for the Lithuanian language and Constitution basics. If you do not have a valid Visa, provide a Lithuanian Residence Permit for submission to the Lithuanian Migration Law Services. Upon investing in the equity capital of one capital company, a temporary residence permit shall be issued to no more than 10 foreigners, if each of them has made the aforementioned investment. RESIDENCE PERMIT We offers useful advice and high quality legal support for obtaining temporal residence permit in Latvia through investments. IMMIGRATION IN LITHUANIA (UP TO 1 YEAR): Lithuanian Immigration Law provides ability to apply for residence permit up to 1 year through investments in business. It would be much easier for the Belarusians coming to work in Lithuania to obtain a temporary residence permit once the … We make the necessary arrangements to acquire an officially registered address in the Republic of Lithuania. The decisions on applications can be taken within 2 months on average. If you submit documents to a dipmomatic mission, upon receipt of confirmation of Blue Card, you will get a National visa (D) to complete the process. The shelf companies are usually completely prepared for transferring: they have 3 employed Lithuanian residents, fully paid equity capital and other necessary taxes. When receiving a residence permit, a state duty of 5% is paid. Are you interested in the ultimate tax planning… and move to another country! While Latvia requires that your business generate tens of thousands of dollars in taxes every year to keep your residence permit active, Lithuania is much more flexible. The applications, submitted at Lithuanian Embassy or Consulate, are processed by the Migration Department in Lithuania. Temporary residence permit is usually issued for 1 or 2 years. It is highly recommended to buy real estate in Lithuania if you are interested in getting a long-term Visa to Europe. Prepare the mandatory documents for issuing the TRP in Lithuania; Provide professional assistance and support for you to buy or sell real estate in the Republic of Lithuania; and. The basis of this type of residence permit is a EUR 300,000 investment into Hungarian government bonds, sometimes also referred to as Hungarian residency bonds. What Is a Temporary Residence Permit in Lithuania? What is a Permanent Residence Permit in the Republic of Lithuania? SIA “Jurmala Invest” is giving consultancy services in Latvia for 15 years, Helping their custumers about: Registrar company, accountants, law services, choosing the right real estate investment, residence permits and more.. Residence permit in Lithuania. residence permit for investment in real estate Incorporation in Latvia, Lithuania and Estonia The most common legal entity(business) set up in Latvia, Lithuania and Estonia is a … It is usually issued for a period of one year, although it may be issued for a shorter period. Fees structure: Package price: 800 USD. Why is drop shipping ideal for digital nomads? The immigration programme EU CITIZEN The immigration programme EU CITIZEN includes: legal consulting, support in obtaining a Residence Permit from the beginning to the end of the process, preparation of the required documents, preparation of inquiries, arrangement of translation and notarization of documents, presentation of the alien at institutions of Lithuania, accompanying of the … Also, at any time the investor can be requested to provide evidence that the business running by him/her is not fictitious. Since its independence in 1990, Lithuania has been emerging a one of the financial leaders in Europe. Under this scheme, residence permit is issued for 5 years for the whole family, but it must be renewed annually. It is valid for five years where the holder gets a permanent resident status. Under Lithuanian law, a temporary residence permit may be granted to business people and their family members who start a company with a minimum capital share value of approximately US$19,000. The first residence permit can be issued depending on the length of the investment, later it can be issued for 10 years. Lithuania Investment Immigration Programs Overview. The amendment entered into force on the 1st of November 2014. Faster issue of residence permits. Passports can be used for worldwide travel as complete travel document while residence permits can only be used for regional travel (eg. We complete the procedures related to employment of a company manager in the Republic of Lithuania. You have been residing long-term in any other European Union Member State holding a German Visa, Swiss Visa, French Visa, or Schengen Visa. For the persons of Lithuanian origin and foreigners who have retained the right for the Lithuanian citizenship, temporary residence permit is granted for 5 years. Deutsche Bank suggests you should pay more tax! Residence permit options to apply in Lithuania If you want a legal creative sharp tax advice, if you have a remark, an idea… if you want to check a loophole, or you want a second opinion, a company… a bank account or you just want to chat…, 9 Vitosha blvd., floor 1, ap. It is a small nation which still upholds its rich culture and heritage. Documents Required to Acquire a Temporary Residence Permit in Lithuania, Eight Easy Steps to Obtain a Temporary Residence Permit. The first residence permit can be issued depending on the length of the investment, later it can be issued for 10 years. We provide services to help you obtain your Temporary Resident Permit (TRP) or Permanent Resident Permit (PRP). However, if a foreign person invests more than 260.000 EUR into a company in Lithuania and employs at least 5 Lithuanian residents, he/she can receive an initial residence permit for 3 years. It will show the term, coverage, premiums, and deductibles. Residence permit in Lithuania (EU) A residence permit legally certified by ID card, gives the right to reside, free entry and exit for the entire period of validity without a visa, use health insurance, mortgage. Lithuania Business Investment Migration Visa. Latvia Real Estate Investment option Applicants can buy a real estate in Latvia, and they will obtain a temporary residence permit in Latvia, valid for five years. During your stay in Lithuania you can travel abroad for a short time, but trips from the territory of Lithuania may not last longer than 6 months in succession, and may not exceed 10 months in a consecutive and total period of 5 years. A valid Visa. XIPHIAS Immigration, backed by a strong team of solicitors, lawyers and counsellors can help you achieve your dream of migrating to Lithuania. A temporary residence permit in the Republic of Lithuania (hereinafter referred to as a “temporary residence permit”) means a document granting an alien the right for temporary reside in the Republic of Lithuania for a period specified in the permit. A foreigner employed at a Lithuanian company is legally authorized to work by submitting the job vacancy document to the Lithuanian Labor Exchange one month before applying for a Work Permit. Belgium. Provide us with a copy of your Passport, address of where you live (not a post office box), your telephone number, and your email address. The company shall establish three working places allowing Lithuanian citizens or foreigners holding a Permanent Residence Permit in the Republic of Lithuania to work at the company. This is also considered to be one of the most accessible means to obtain a residence permit. We recommend you go to Lithuania to accomplish all vital procedures for documentation approval success. Lithuania became a full member of the Schengen Agreement on 21 December 2007. Obtaining any of these permits, would help you travel visa free in the whole of European Union and the Schengen Area. If you intend to stay in Lithuania for a period longer than 6 months, you must apply for a residence permit and not for an entry permit (visa). Having a residence permit for this small country makes it possible to enjoy all the advantages of European residency, including unhindered entry into the Schengen countries, doing business in favorable conditions, purchasing real estate in Europe, etc. The country’s demography is made up of huge tracts of forest lands, beautiful lakes, Flat lands and landscapes. What is a temporary residence permit in the Republic of Lithuania. We will take the original documents and copies to all required State agencies. After applying for a Work Permit, you will receive your Work Permit in two months and it is valid for one year. The immigrant could be a manager and a participant or only a participant having the right to decide company transactions or be a member of the company or institution’s management team. The amount of investment is rather big, but the plus will be the opportunity to take out a … After the expiry of the residence permit, you can legally obtain a permanent residence permit … We give you a step-by-step description of the process and how to pay less money. Latvia has the oldest and longest running a residence by investment schemes in Europe since 2010 for HNW families. After the expiry of the residence permit, you can legally obtain a permanent residence permit … Please … — Permanent residence is a permanent residence permit (unconditional, tied neither to a company, nor to a work). Who Can Get a Temporary Residence Permit In Lithuania? Consultation for receiving a Permanent Residence Permit in the Republic of Lithuania regarding the rules, regulations, and pertinent exams. The government of the Republic of Lithuania for a foreigner grants a TRP from a non-European Union country. All employees working in Lithuania are provided with health insurance coverage while the other non-working citizens must apply for health insurance. This country is part of the European Union and is one of the Schengen countries. What you should know: Unfortunately, the answer is no. Lithuania eases residency rules for foreign investors Jan 25 2017 Amendments to Lithuania‘s residency law have come into force from 1st January, making life much easier for foreigners who have invested or plan to invest in Lithuania. Latvia is a baltic schengen member country which joined the European Union in 2004. It basically requires the investor to set up a business activity and demonstrate that they generate at least 15,000 EUR of income a year to be eligible for a temporary residence permit. PRP – Permanent residence Ukraine is a document that certifies a foreigner identity and gives the right to reside legally on the territory of Ukraine, freely (without a visa) to enter and leave the country, as well as to work in Ukraine without issuing a permit, during the whole period its actions. Lithuania has no official citizenship-by-investment program, but since 2017 has offered a startup visa through which entrepreneurs can obtain residency. Print two copies of all the emailed documents. An exception is provided for senior foreign citizens 75 years of age and older. We provide consultation related to tax policies and financial obligations to encompass managing a company and its employment in the Republic of Lithuania. A passport (this should be valid for at least 3 months longer than the length of the Residence Permit). Residence permit in Latvia based on real estate. Email: immigration@xiphias.in   Toll Free No: +91-90194 00500 / +91-80105 00200, Phone: +91-80-67601000   Missed Call Us: +91 9699990026. Temporary residence permits are issued for periods of up to five years. The immigration programme INVESTMENT I includes: legal consulting, support in obtaining a Residence Permit from the beginning to the end of the process, preparation of the required documents, preparation of inquiries, arrangement of translation and notarization of documents, presentation of the alien at institutions of Lithuania, accompanying of the alien on submission of the documents to the Migration Service … Lithuania. The government’s officials expect the Seimas to consider the amendments to the Laws on Investment and Employment during its spring session. cost of the company forming and the taxes for the first year: EUR 20,000. The main requirement – to establish company with 29000 euro of share capital and to employ 3 Lithuanian citizens or workers with permanent residence permit. You have already worked in Lithuania for over a year. Your Permanent Residence Permit will be revoked if you engage in unlawful activities. It is not easy to obtain and retain a Permanent Residence Permit in Lithuania and other Schengen states even if you have a French Visa, Swiss Visa, or any European national Visa. The application process for residence takes 30–90 days. Register a new company in Lithuania and obtain a yearly visa within two to four weeks. one person) costs approximately 7.500 EUR; A company having two shareholders costs approximately 6500 EUR per shareholder; A company having three shareholders costs approximately 5500 EUR per shareholder. The immigration programme INVESTMENT I includes: legal consulting, support in obtaining a Residence Permit from the beginning to the end of the process, preparation of the required documents, preparation of inquiries, arrangement of translation and notarization of documents, presentation of the alien at institutions of Lithuania, accompanying of the alien on submission of the documents to the Migration Service … Your organization should have been up and running by at least 6 months before you apply for the Residency there. A Schengen visa (C) or a National visa (D) unless a visa-free regime is applicable. The application process is easy and quite straightforward completed within 3 months and saves a lot of hassle on the long run. Applicants may choose from one of the following options: The purchase of real estate of EUR 250,000, plus a one-time payment of 5% of the purchase price to the state budget A temporary residence permit may be issued or replaced to an alien if: 1) the alien has retained the right to citizenship of the Republic of Lithuania in accordance with the procedure laid down by the Law on Citizenship; 2) the alien is a person of Lithuanian descent; It is important that you get adequate remuneration for legal activities only and you pay your taxes promptly. The permit for a temporary residence in our country is issued to non-EU citizens. The new limit introduced in 2014 applies to the first 800 applicants. Bringing the money with you is not enough […] You will get an easy to understand overview and all details of getting a Latvian residence permit by investing 50,000 euro in a Latvian company. Lithuanian Temporary Residence Permit is the document, issued to a citizen of the non-EU country, which gives you opportunities to immigrate, live and work in Lithuania and Schengen area countries, during the entire time of the document validity. By investing in a business, you can receive a temporary residence permit for up to 5 years and also conduct your business in Latvia, or participate in running the enterprise you have invested in. The Law of Ukraine On Immigration clearly provides the possibility of obtaining a permanent residency in Ukraine on the basis of making an investment of at least 100,000 U.S. dollars or their equivalent into the economy of Ukraine. Acquisition of a residence permit based on the purchase of real estate (immovable property) is one of the most popular investment-based methods for obtaining a Latvian residence permit. Lithuania is a member of NATO, the Council of Europe, and the European Union. Portugal, your Golden Gate to EU-citizenship for non-EU/EEA/Swiss citizens. After that the investment limit rises to €500,000. There is also the possibility for foreign investors to apply for a residence permit for Lithuania based on a … Non-EU citizens wishing to reside in Lithuania must receive a permit.Permits shall grant a right for temporary or permanent residence in Lithuania. VAT (EU) for drop shipping companies; The rules! Do you want a tax friendly estate planning? Lithuania has defined 3-4 pathways for investors to invest and plan their stay in Lithuania. XIPHIAS Immigration a pioneer in the field for more than a decade’s experience with certified Investment Immigrant specialists’ team, is your best bet to help you invest and relocate to Lithuania. You are transferred from your company or institution to its operating branch located in Lithuania. The company must be established and in operation for the past six months before the date of application for a TRP in Lithuania. Temporary residence permit. Additional requirements: time frames The Lithuanian residence permit can be issued for the first one year for the first time, renewed for 2 years and after that can be extended for the next 2 years several times. Your family members can join you while traveling to Lithuania. Lithuanian business residency Lithuania gives opportunities to immigrate to all businessmen, who are able to establish business on its' territory by issuing a Lithuanian residence permit based on business to any EU third-country national. Up to 4 residence permits can be issued to foreigners running a Lithuanian business together and investing in 15 000 to 50 000 EUR. A temporary residence permit is document entitling an alien to a temporary residence in the Republic of Lithuania for the period specified therein. A residence is suitable to live in if it has a minimum of 7 square meters (~75 square feet) for each adult. You should have a good reputation and not a notorious one. The fees for buying a Lithuanian shelf company may vary depending on the number of shareholders in the company: If a non-EU investor meets all the aforementioned requirements, the Lithuanian Migration Department will issue a residence permit which is valid for one year. Assistance in acquiring the necessary certificates and documents to receive a Permanent Residence Permit in the Republic of Lithuania. Bringing the money with you is not enough […] There are only 3 European countries on the list – Montenegro, Malta, and Cyprus. If you own property in Lithuania, it is very easy to get a Schengen Visa to Europe and stay there or even rent your apartment. The residence permit issued for major investors entitles the beneficiary and his or her dependents to settle, reside and work in Estonia. Temporary residence permit. The investor should run a Lithuanian company for at least 6 months before applying for a residence permit; The Lithuanian company should employ at least 3 Lithuanian residents and pay their social security contributions. The up-to-date list of nationals who do not need a visa to enter Estonia or need one for stays of more than 90 days in a 180-day period only can be found on the webpage of the Ministry of Foreign Affairs.. Estonia is a member of the European Union and Schengen agreement, meaning that EU common visa policy applies for the country. The investor who buys such a shelf company is liable for Lithuanian tax payments after the submission of residency documents to the Lithuanian Migration Department. Lithuanian Immigration Law provides ability to apply for residence permit up to 1 year through investments in business. entry set in the Schengen Borders Code. Temporary residence permit When establishing a private limited liability company in Lithuania, the amount of the authorized capital must be 2 500 Eur.In order to obtain a residence permit in Lithuania, your investment / value of the share capital must be at least 14 481 Eur.. Also, You will have to recruit 3 citizens of Lithuania as an employees. It is possible to receive residence permit for up to 5 … The amount of investment is rather big, but the plus will be the opportunity to take out a … You need advice how to save taxes with your business? The amendments aim at restricting the incorporation of fictitious companies by foreign investors who plan to obtain a Lithuanian residence permit without carrying out any real business activities in the country. Now is the time to take advantage of great life style in Lithuania. The Department of Immigration mentions certain conditions on the residence permit as prerequisite on. Lithuania is among the most accessible for relocation countries of the European Union. Residence permits are issued by the authorities in Lithuania. No requirements for education diploma, police clearance certificate, employment of local Lithuanian citizens, no restrictions for nationalities. We have all the expertise to prepare your application and advice you before and after you come to Lithuania on how to accomplish the conditions put forth by the Lithuania Authorities. He has published many articles and books on different tax topics and has more than 25 years’ experience. The government of the Republic of Lithuania for a foreigner grants a Permanent Resident Permit from a non-European Union country having a Temporary Residence Permit in the Republic of Lithuania for a continuous five-year period. Due to the country’s key business advantages, such as convenient geographical location, low corporate tax rates, highly educated population, developed logistics, and labor costs that are four times lower than the EU average, an increasing number of foreign investors choose Lithuania for outsourcing their businesses. You must live in the Republic of Lithuania without interruption for 5 years with a temporary residence permit. Multiplying the 15,000 EUR income can lead to more temporary residence permits for the investors. The up-to-date list of nationals who do not need a visa to enter Estonia or need one for stays of more than 90 days in a 180-day period only can be found on the webpage of the Ministry of Foreign Affairs.. Estonia is a member of the European Union and Schengen agreement, meaning that EU common visa policy applies for the country. A temporary residence permit is document entitling an alien to a temporary residence in the Republic of Lithuania for the period specified therein. The immigrant could be a shareholder of a private or limited liability company (LLC). In addition there is a government processing fee of €25,000 or 5% of the property value. By investing €250,000 into real estate you will get a luxury property with high-end finishes and you’ll be eligible to apply for Latvia Temporary Residence. The Netherlands Phone: 0031 20 820 87 83, bespaarbelastingen.be (Dutch) nomoretax.eu relocation-planners.com (Dutch), 107-111 Fleet Street London – UK Phone: +44 20 451 35779. The app. A residence permit is a document providing a foreigner the rights to reside in the Republic of Latvia for a definite period of time (a temporary residence permit) or permanently (a permanent residence permit). According to the current Lithuanian immigration law, non-EU citizens can receive a Lithuanian residence permit in exchange for investment if they meet all of the below-mentioned six requirements, namely: In order to minimize the burden of establishing a company, a foreign investor can buy a shelf company (i.e. However, it might be issued for a shorter period. Such a residence permit can be extended every 3 years. Latvia provides the cheapest investment option to immigrate to Europe. Grounds for the Issue or Replacement of a Temporary Residence Permit 1. This would be for a period of not less than the expiration date of your Temporary Resident Permit in the Republic of Lithuania, including a registration fee of 25% of the agreed payment for our services in obtaining a TRP for foreign persons. One recent photograph size—40x60mm (1.57×2.36 inches). Portugal, fiscal hope in very uncertain days! The immigrant is required to first avail the temporary residence visa to immigrate to this part of the world. When you satisfy these requirements, you will be receiving the Temporary Residence Permit which would be valid for one year extendable for 2 more years. With this Visa you can conduct business, work, live or study in any part of the Schengen Area. The Legal Status of Aliens Act states that in order to obtain a temporary residence permit in Lithuania through business investments, the share capital in the company, agency, or organization must be at least LTL 50,000 approximately US$19,000); the foreign investor must … The visa confers a one-year renewable visa, allowing free travel throughout the Schengen Area. The residents of a non-European Union who want to move to Lithuania must get a Resident Permit in Lithuania. However, it might be issued for a shorter period. In order to improve the business environment in the country, the Lithuanian government has recently adopted changes in the Lithuanian immigration Law. In any such undesired cases, not only yours, but also all the family members’ Permanent Residence Permits would be revoked if they happen to be the citizens of a non-Schengen state. Latvia introduced its golden visa programmein 2010. You have a Permanent Resident Permit (PRP) in the Republic of Lithuania. When receiving a residence permit, a state duty of 5% is paid. Documentation to validate proof of your company or institution authorized in the Republic of Lithuania. Its ever growing economy, supported by strong stable Government ensures you get best return on your investments. A foreign person who is not a citizen of the 28 member states of the European Union (EU) migrating for the following reasons: Terms and Conditions for Obtaining a Temporary Residence Permit. A foreign person holding a European Visa can own residential properties in the Republic of Lithuania or opt to lease any residential apartments by registering with the State Enterprise Center of Registers. Approximately 300 Euros each month is required for basic subsistence in the Republic of Lithuania. European But Not EU Member States’ Residency by Investment Programs The policy must be valid and in force for the entire period of your stay in the Republic of Lithuania. In order to obtain temporary residence permit in Lithuania, the investment must fulfil following conditions: a … Representative office in Lithuania; Residence Permits for Entrepreneurs Opening a Company; Residence Permits for Self-Employment For the persons of Lithuanian origin and foreigners who have retained the right for the Lithuanian citizenship, temporary residence permit is granted for 5 years. Upon investing in the equity capital of one capital company, a temporary residence permit shall be issued to no more than 10 foreigners, if each of them has made the aforementioned investment. The Law of Ukraine On Immigration clearly provides the possibility of obtaining a permanent residency in Ukraine on the basis of making an investment of at least 100,000 U.S. dollars or their equivalent into the economy of Ukraine. BREAKING NEWS: Europe wants to tax data exchange on bitcoins! What you should know: Unfortunately, the answer is no. If you’re just starting out, this wouldn’t be a bad way to go in order to get residency in the European Union (and the potential of a Lithuanian passport in the future). Passed an exam on Lietuviu Kalba, the national language of Lithuania. After you receive approval from the Migration Department, you will need to return to Lithuania to obtain your TRP. The decisions on applications can be taken within 2 months on average. Investing in a foreign country is one of the fastest ways to get a residence permit. A residence permit is a document providing a foreigner the rights to reside in the Republic of Latvia for a definite period of time (a temporary residence permit) or permanently (a permanent residence permit). Send all copies and original documents to us by post courier. Period of preparation of documents and registration of a JSC is 5 -7 weekdays. A temporary residence permit in the Republic of Lithuania (hereinafter referred to as a “temporary residence permit”) means a document granting an alien the right for temporary reside in the Republic of Lithuania for a period specified in the permit. Under this scheme, residence permit is issued for 5 years for the whole family, but it must be renewed annually. Iven De Hoon is trained as a lawyer (Antwerp, Belgium), and is also master in tax and accounting at the acclaimed Vlerick Institute (Ghent, Belgium). Benefits of Latvia Golden visa You and your family do not have to live in Europe prior to applying for Latvia residence permit. We offer the following services in Lithuania . With the approved documents, you are now able to apply to specific country embassies for a TRP. We prepare and submit documents to the State Enterprise Center of Registers regarding any changes in the information related to the company’s shareholders and managers. In case that the financial requirement is too much for you, you can first get a residency by investment and apply for citizenship after a few years. Residence permit options. In order to obtain temporal residence permit in Lithuania, the investment must fulfil following conditions: a company has at least EUR 28 000 share capital; While Latvia requires that your business generate tens of thousands of dollars in taxes every year to keep your residence permit active, Lithuania is much more flexible. Investors can gain a five year residency permit by investing €250,000 in property. After five years of holding a temporary residence permits one gets a permanent residence permit in Lithuania together with an unlimited work permit. They are solely issued for stays that exceed six months. There are several qualifying options to obtain a residence permit through the Latvia Residence-by-Investment Program. 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