A foreign citizen who has purchased real estate in Latvia can apply for a temporary residence permit (TRP) for no longer than 5 years, under these circumstances:
Family members (spouse, children) can apply for TRP simultaneously with the mainapplicant
Below is the action plan with an estimated time frame (please note that the time frame is approximate as it depends on how fast the necessary documents are gathered and reviewed by the Latvian Immigration authority):
Submitting documents to the Immigration Authority | |
- | Gathering all the necessary documents for application for the TRP. The necessary documents are the following:
All the documents should be in or translated to Latvian, English, or Russian language! In case the applicant applies with dependants (spouse/children/parents), apostilled documents proving kinship are necessary (marriage certificate, birth certificate). |
2-3 days | Additional documents required upon the submission:
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1-2 months | Submitting the application for TRP to a Latvian foreign embassy (if applicant applies from abroad)
Immigration Authority’s decision In general, the decision can be adopted within 30 days in case of standard procedure or within 10 or 5 business days in case of the accelerated procedure. Please note that our prior experience shows that the Immigration authority can prolong the term up to 90 days, in case it considers that (a) more information is required or (b) it |
2-10 days | Visiting the Immigration Authority in Latvia
Once the decision is made, the applicant and his dependants that applied with him/her can submit their biometric data to the Migration Authority and submit additional documents that wasn’t submitted earlier in the process (only allowed for tuberculosis tests, insurance policies and original employment contracts). TRP cards will be made and can be received by each applicant personally (children also need to be present, if their cards are being received). Upon receiving the cards, the applicants will need to submit:
It is possible to obtain the TRP card within 10 or 2 business days. The stamp duties are the following:
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Head of Corporate / AML Specialist (CAMS)
VILGERTS team advised AS DelfinGroup on the conditions of the unsecured bond issue prospectus in the amount of EUR 15 million. The prospectus for the issue of unsecured bonds includes both the opportunity for new investors to purchase the new unsecured bonds from 4 August 2023, as well as the opportunity for existing investors of certain categories of bonds to exchange existing bonds for new ones.
August 22, 2023
The VILGERTS’ team is advising East Capital Real Estate on its acquisition of 100% of the shares in Hepsor U30 SIA (a subsidiary of the Estonian company, Hepsor Latvia OÜ), which owns a commercial building called “StokOfiss U30”, developed by Hepsor (with a total rental area of 3,642 m2). The transaction is valued above EUR 5 million. StokOfiss U30 is a multifunctional commercial building with a three-in-one leased space solution, including a sales premises, office space and a warehouse.
June 13, 2023
VILGERTS advised SIA "Biļešu paradīze", a company of Ekspress Grupp AS, in a dispute in which SIA "Biļešu serviss" contested the results of the procurement tender concerning the sale of tickets for the upcoming and the largest national “Song and Dance Festival” in Latvia. As a result, the tender results were left unaltered and SIA "Biļešu paradīze" concluded a contract with the contracting authority.
May 16, 2023
The VILGERTS team advised the owner and manager of Galleria Riga, "East Capital Real Estate", in successfully finalising a significant long-term lease agreement with Workland. The agreement involves a remarkable investment (exceeding EUR 3 million) and aimed at transforming the expansive fifth floor of Galleria Riga, spanning an impressive area of 3,200 m2, into state-of-the-art co-working offices.
May 16, 2023