Latvia Start upVisa
Minimum
Investment
€1
minimum registered capital of company
3 Years
-
Subject to conditions
-
Change Residence Permit type after successful first three years
Residence
Permit Validity
Residency
Continuation Conditions
Secure € 30,000
funding from a VC fund, within 6 months from start of business
OR
Secure € 15,000
from Angel Corporation within 6 months from start of business
OR
Present progress report and financial statements after initial 12 months
0%
Personal income tax
for founders & employees
for first three years
LOWER
Social taxes
for founders & employees
for first three years
​
based on salary
Annual Tax Liablity
Advisory Services
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​Market intelligence and business advisory​
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Help with business plan moderation
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Introduction to VCs and Angel corps
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Assistance with visas and residence permit application
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Assistance with company formation
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Bank account setup assistance
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Extract from the Latvian Government Authority Webpage . Read here www.pmlp.gov.lv
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If a foreigner plans to implement activities in the Republic of Latvia with the aim to create or develop an innovative product, and after the issue of a temporary residence permit the following provisions are fulfilled in accordance with this paragraph:
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a) within a time period of three months after a decision is made regarding the issue of a temporary residence permit a foreigner is registered as a member of the board in the capital company, registered with the Commercial Register not longer than a year ago, within the framework of which he plans to implement the above mentioned activities,
​
b) total investments of the qualified risk capital investor made to the equity capital of the above mentioned capital company has reached at least 30 000 euro within six months after the first issue of the temporary residence permit for implementation of one and the same activity and at least 60 000 euro within 18 months after the issue of the temporary residence permit:
​
-
for a time period not exceeding three years