Latvian company + residence permit for business owners

Open a Latvian Company and Get a Residence Permit

Designed for entrepreneurs and business owners: register a Latvian company, become its official employee and obtain residence permits for yourself and your family. Employment in an existing Latvian company is also available.

Afortis Group provides legal, corporate, immigration, payroll and accounting support throughout the entire process — from company registration and employment preparation to the issuance of residence permit cards.

  • Your own Latvian company — the main route for business owners
  • Employment in an existing Latvian company also available
  • Residence permits for the applicant and family
  • Most preparation can be completed remotely
  • Legal, corporate and accounting support in one place
The applicant must be officially employed by a Latvian company. The most common path for our clients is to register a Latvian company owned by the client and employ the client through that company. If you already have a suitable Latvian employer, we can prepare the residence permit procedure under that employment.

Choose Your Path

Most of our clients register their own Latvian company. Employment in an existing company is also available.

Your Own Latvian Company — Main Route

The preferred solution for business owners. Afortis Group registers a Latvian company for you, handles corporate setup, accounts, employment documents, payroll and the residence permit procedure.

Employment in an Existing Latvian Company

Suitable if you already have a Latvian company or an employer willing to hire you. Afortis Group reviews the company, employment position and applicant's qualifications and prepares the residence permit procedure.

Calculate the Total Cost of Your Latvian Residence Permit

Select your employment route, family composition, processing time and additional services.

Which path fits your situation?

Family composition

Main applicant1
Spouse
0
Children
0

Core services

Main Applicant Residence Permit
× 1
€2,000
Family Member Residence Permit
× 0
€0

Corporate & banking services

Personal Latvian Bank Account
€250 × 0

Assistance with personal bank accounts (per person).

max: 1
0
Declared Residential Address in Latvia
€450 × 1

Per person, per year. Required for anyone who does not own or rent housing in Latvia.

max: 1
1

State processing time

Processing times may be extended for nationals of certain countries, additional security checks or requests from public authorities.

Cards & medical (estimates)

Residence Permit Card × 1
€85
Medical examination — adult × 1
€50

Not included in the exact calculation

Translations, notarisation, apostille, document legalisation — calculated individually if required.

Your Estimate
€3,845
Estimated One-Time Total
Afortis Group Services
Main Applicant Residence Permit × 1€2,000
Company Registration in Latvia€1,100
Declared Residential Address in Latvia × 1€450
Afortis Group Services€3,550
Government & Third-Party Costs
State processing time × 1€160
Residence Permit Card × 1€85
Medical examination — adult × 1€50
Government & Third-Party Costs€295
Not Included in the Exact Calculation
  • Translations and notarisation
  • Apostille or legalisation
Employment route: Own Latvian Company
Applicants: 1
Estimated Monthly Company Cost: €2,344

This is a preliminary estimate. The final quotation and eligibility are confirmed after reviewing the applicant's nationality, qualifications, employer, position and documents.

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Estimated Monthly Company Costs

Especially relevant for clients employed by their own Latvian company. The minimum gross salary for a foreign employee is EUR 1,815 per month, which produces approximately EUR 1,210 net for the employee and EUR 1,033 of taxes — EUR 2,244 total employer cost. Family members do not require a salary.

Estimated total monthly company cost€2,344

Eligibility Conditions

Employment contract with a Latvian company
Education or at least 3 years of documented experience in the field
Position matching the applicant's education or experience
Valid passport
Criminal record certificate
Compliance with Latvian legislation

Owning a Company Is Not Enough

A residence permit is obtained on the basis of genuine official employment, not only because the applicant owns a Latvian company. The company must maintain proper operations, employment documentation, payroll, salary payments, taxes and accounting.

How the Process Works

  1. 1
    Eligibility and document review
    1–3 working days
  2. 2
    Latvian company registration, if required
    Up to 5 working days
  3. 3
    Vacancy publication
    10 working days
  4. 4
    Invitation preparation
    Up to 5 working days
  5. 5
    Residence permit application review
    5, 10 or 30 working days
  6. 6
    Residence permit card issuance
    ≈ 3 working days

Most preparation is completed by Afortis Group. Personal attendance may be required for submission through the competent authority, biometric data and collection of the residence permit card.

The overall procedure usually takes several months. Afortis Group uses reasonable efforts to complete the agreed services within six months, provided that all documents and signatures are submitted on time. Delays caused by authorities, banks, security checks and third parties are excluded.

Frequently Asked Questions

Yes. A Latvian company may be registered for the client, and the client may be officially employed by that company. The company, employment position, salary, taxes and documents must comply with Latvian requirements.