Compared to other immigration programs in Latvia (through education, investment, purchase of real estate or financial independence), a startup visa is the most accessible, fast and inexpensive way to legally obtain a residence permit and, in the future, citizenship of the European Union.
The main advantages of the StartUp Visa program for the category of founders of an innovative project:
- Minimum requirements for the applicant (age from 18, no criminal record in the home country);
- Obtaining a temporary residence permit status for a period of 3 years with the possibility of applying for a permanent residence permit (after 5 years of residence) and citizenship of Latvia (after 10 years) for the applicant and all family members;
- No need to confirm a diploma of higher education, master's degree and professional experience;
- No need to confirm an employment contract with a Latvian employer;
- No need to know the Latvian language;
- No need to invest in a Latvian company in the amount of 300,000 euros or confirm ownership of real estate in Latvia with an area of 9 sq.m for each family member;
- To confirm sufficient financial resources of the candidate, it is not necessary to have a large amount in the bank account.
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