Saeima committee alters Immigration Law provisions regarding temporary residency permits in Latvia

The Saeima Economic, Agricultural, Environmental and Regional Policy Committee decided today, reviewing amendments to the Immigration Law, to change the conditions for issuing temporary residency permits, introducing a provision that such five-year permits can be issued if the applicant has invested no less than LVL 25,000 in the share capital of a Latvian company, and the company has paid no less than LVL 20,000 in the state and municipal budget.... Read more...