The majority of Afghans choose to leave their country because of the crisis there. A lot of Afghan nationals have just relocated to Latvia and are now looking for ways to settle here permanently. This manual may be of great use to people who wish to immigrate to the country.
Latvian visas for immigrants
Since its founding, Latvia has been a secretive immigration spot in Europe. However, in recent years, it has become more and more popular among many overseas investors (including Afghanistan) considering establishing companies in European nations.
To relocate here, you must first acquire a visa, which permits you to live there and engage in a variety of activities such as employment, learning, and even starting a business.
If residing for longer than three months is part of your goals, getting this visa might make your life a lot simpler. Even better, if you use the same permission to travel for both work and pleasure, you can move around the Schengen region with more ease.
Types of residency visas
There are now two ways to become a resident of Latvia. These two options are, quite simply speaking, transitory and lifelong residence. The large bulk of those without prior ties to the nation choose temporary status, which can be attained in a variety of methods.
Temporary residency permit
You are allowed to stay in the country for a period of one to three years with a provisional residency permit. Your initial license is typically only good for a year then you need to extend it. You can extend your license for an additional five years.
A temporary residency also enables Afghani citizens to request a short residency card for their partner or children. If you want to stay in the nation for more than five years, you must file for a permanent residency permit.
Permanent residency permit
In general, this type of residence permit is the most suitable for those afghan nationals who want to relocate and meet one of the required conditions before applying. For example, being related to a legal resident. In case you are not related to a citizen, do not worry. There are still other ways in which you can manage to migrate to the country such as investment.
Investment
Even those who are unable to achieve one of the aforementioned requirements for a lifelong stay still have a shot. It is also feasible to effectively immigrate here through financial involvement.
Let’s look at the following options for obtaining a temporary permit:
- Financial investment
This type of investment enables an afghan citizen to obtain a five-year stay permit. A cash deposit of at least 28,0000 euros is the foremost requisite.
- Investments in businesses
These types of investments are best suited for people who intend to immigrate to the nation and create their own companies. This alternative is significantly less expensive than buying a property because the required investment is only 35,000 euros.
- property investment
You become qualified to file for a transitory residence visa after you spend more than €250,000 on real estate. This has a five-year initial validity period, but it can be extended provided you meet certain criteria when you request for renewal.
Latvia’s main attraction
As more and more foreign investors learn about the benefits of investing in Latvia, this country may start to rank among the most popular in Europe. Here are a few of Latvia’s top pros:
- The country has established itself as a service economic environment.
- The annual inflation ratio is under 2%.
- Compared to other European nations, costs of living are lower, and wages have been rising.
