Latvia•EuropeVaries
Free
Varies (Renewable upon business continuation)
Yes
Not Required
Allowed
No
Not Required
Residence permit for a foreign national registered as an individual merchant in the Latvian Commercial Register, valid up to 5 years.
The Temporary Residence Permit for an Individual Merchant is a pathway established under Latvian immigration law to facilitate the entry of foreign entrepreneurs who wish to conduct self-employed business activities within the country. This permit fills the gap for independent professionals and small-scale business operators who do not require a complex corporate structure but intend to contribute actively to the Latvian economy. It requires formal registration in the Latvian Commercial Register and the submission of a business plan approved by a sworn auditor to ensure the viability and legality of the proposed economic activities.
This permit is designed for foreign nationals who are sole proprietors or self-employed individuals planning to operate their business directly in Latvia. It is ideal for freelancers, independent consultants, and small business owners who seek legal residency while managing their own commercial ventures. A distinctive feature of this route is the requirement to demonstrate significant economic contribution, specifically through mandatory tax payments to the state and local government budgets, ensuring that the applicant is a productive participant in the national economy.
Visas you can typically switch to from this status.
LatviaMinimum income: 24096 EUR
Health insurance required
Age: 18-
Education
none or higher
Min. Income
24,096 EUR/yr
Valid passport
Self-employment registration
Business registration
Proof of business viability
Tax registration
Bank account
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