News on the extension of the residence permit in Latvia.

News on the extension of the residence permit in Latvia.

News on the extension of the residence permit in Latvia.
To dispel rumors related to amendments to the Immigration Law, KOM-INVEST analyzed these amendments, contacted the legal commission of the Latvian Seimas and received the following information.
The most important thing is that the amendments adopted by the Seimas have been rejected by the President at the moment and sent for revision.
Therefore, in the near future, with the annual extension of residence permit, there will be no changes.
As the president pointed out 7 contradictions in the amendments to the law, their correction can be prolonged.
We want to give an additional explanatory comment on the fee of 5,000 euros for the extension of residence permit.
Since the president rejected the amendments, this fee will not be levied now.
However, many of our clients ask – what was the matter in the amendments that the president did not approve, how was the payment of the fee for extending the residence permit supposed to be?
Should this duty be charged annually, or once every five years?
To pay it is necessary 5 000 euros for all family, or from each separate person?
We inform that in the current version the following was supposed: The duty will be charged once every five years, upon repeated request of the residence permit.
The fee will be levied on the family (if the family has five people, the fee will be 5,000 euros, not 25,000 euros).
The fee will apply to holders of residence permits on the basis of acquisition of real estate, contribution to the authorized capital of the enterprise, bank deposit, contribution to government bonds.
Thus, this will not apply to holders of residence permits based on family ties, studies, etc.
Once again, we repeat that at the present time the president has rejected the amendments, therefore there is no need to pay a fee of 5,000 euros, the annual standard procedure for extending the residence permit follows the usual rules that you can find here.
Our company closely follows the amendments to the law on residence permits, so we will immediately report on the planned changes!


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