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Residence permit in Latvia granted to numerous foreigners

Foreigners frequently use opportunity to apply for residence permit in Latvia. The Office of Citizenship and Migration Affairs (OCMA) statistics show that since July 2010 the opportunity to receive a temporary residence permit in return for investments in the Latvian economy has been used by 4,744 foreigners by investing a…

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Migration Office of Latvia exceeds their power to issue residence permits

On September 2012, Corruption Prevention and Combating Bureau (CPCB) initiated criminal process regarding potential corruption at Office of Citizenship and Migration Affairs (OCMA). CPCB informed that there are evidences, that two OCMA officials have received money funds from private companies representatives aimed to adopt favourable decision and to provide issuance...

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Business in Latvia: Types of legal entities

Business in Latvia: Types of legal entities For business purposes usually one of three legal forms is chosen for setting up a company in Latvia: Limited Liability Company (LLC); Joint Stock Company (JSC); Branch of a Foreign Merchant. Advantages of running business under LLC structure The most popular merchant...

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Migration Office of Latvia exceeds their power to issue residence permits

On September 2012, Corruption Prevention and Combating Bureau (CPCB) initiated criminal process regarding potential corruption at Office of Citizenship and Migration Affairs (OCMA). CPCB informed that there are evidences, that two OCMA officials have received money funds from private companies representatives aimed to adopt favourable decision and to provide issuance...

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Draft amendments of the immigration procedure in Latvia

The Cabinet of Ministers on 2 May 2012 revised 3 draft regulations regarding residence permits, the procedure of having a letter of invitation approved and drafting it, and the procedure according to which the citizens of the EU and their family members enter and reside in the Republic of Latvia....

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Lack of large companies hampers innovations in Latvia

“One of the biggest obstacles to innovations is the fact that micro, small and medium-sized enterprises dominate in Latvia. They lack resources and capacity to invest in research and development. Neither do they have qualified professionals capable of implementing innovative projects and developing new technologies”, says Economy Ministry’s representative Evita...

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According to the data of the Lithuanian Enterprise Register, in 2011 more apartments and houses were sold in Lithuania than in the previous year

According to the data of the Lithuanian Enterprise Register, in 2011 more apartments and houses were sold in Lithuania than in the previous year. Industry experts have admitted that the demand has grown and that can be explained by economic grounds; however, they have suggested that it would never be...

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Over LVL 120 millions were invested in Lavia to receive residence permit

The possibility to receive a temporary residence permit in exchange for investment was used by 1,956 foreigners in total, who invested almost LVL 123 million. Similarly to last year, also this year foreigners were most interested in the possibility to obtain a residence permit by purchasing real estate in Latvia...

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Manufacturing is leading in offering vacancies in 2011

Last year the largest number of vacancies was recorded in manufacturing, as well as trade and wholesale, according to the State Employment Agency (SEA) information. Manufacturing developed a number of new jobs, while the trade sector saw rotation. The rapidly developing sector of information technology (IT) was popular as well....

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According to Central Statistical Bureau of Latvia, producer gains have remained stable and are growing

It is a little surprising that prices of exported goods were up as well, because global commodities dropped below September level in October. Partially, this can be explained with the time of procurement, which can differ significantly from the month the product is realized. However, no commodity price gains are...

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About Latvia

The name “Latvia” originates from the ancient Latgalians which was one of the four Indo-European tribes that together with Semigallians, Couronians and Selonians was involved in the ethnogenesis of Latvians.

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