Tag: Lithuanian citizenship

How Having Latvian Passport Benefits Your Business

How Having Latvian Passport Benefits Your Business

Apr 18, 2021 | News

You’re an ambitious entrepreneur with your sights set on international business. You’re also thinking it might be possible for you to get Latvian citizenship. But do you know yet how these two variables intersect?
Though it might not be the first thing that comes to mind when restoring Latvian citizenship, business advantages are a tangible benefit here.
If you’re a business-minded person, you probably tend to always create a Plan B (or C, D, E…) just in case things go awry and you need to act fast to save the day. It’s also a known fact that having clear, solid options before you do need them is the best course of action.
But let’s start at the beginning.
Who can restore Latvian citizenship
Latvian citizenship restoration is guided by one simple rule. To be eligible, you have to be a descendant of a Latvian citizen who left the country in the period of occupation (circa 1940-1990)— and you need to be able to prove it with documents.
Restoring citizenship has many personal benefits, including relocation rights to any country in the EU (as Latvia is a member state) as well as accessible healthcare and education.
But that’s not everything— getting your Latvian citizenship restored has many tangible advantages that can help you expand your existing business or set in motion your long-held plans for a new and exciting project.
7 Benefits of having a Latvian passport for your business
Let’s delve into the nitty-gritty: how exactly does restoring Latvian citizenship benefit your international business prospects? and Education Benefits of Latvian Dual Citizenship
1. Easy travel and relocation
The Latvian economy is stable and growing, the average income is high, and the country comes in 39th in the Human Development Index— quite the feat. But because Latvia is a member state of the European Union, you aren’t confined to keep the business within its borders. Instead, you can take your project to any state of the EU (of course, you’ll have to check each country’s specific guidelines first) and enjoy easy movement across European borders.
And there’s more— holding a Latvian passport means you can access over 150 countries visa-free or with a simple visa-on-arrival. Latvia’s passport is ranked 12th in the world in 2020. This saves money, time, and gives your business the freedom it needs to thrive.
2. Better business image
As a business person, the benefits of being an EU citizen extend to projecting a more cosmopolitan, professional image. Unfortunately, bias does exist in the business world. If you are eligible for Latvian citizenship, you have the chance to even out the playing field and access better opportunities in certain situations.
3. Potential more lenient business taxation
If your home country is notorious for taxing businesses big time, setting up your company might not seem very attractive. Especially if you aspire to run your business internationally.
Conversely, some countries in Europe are known for establishing a lower-taxation environment that works to stimulate investment and development. Hungary, for example, has a 9% corporate tax policy. Ireland and Lithuania – 12.5% and 15% respectively. In the Netherlands, an innovation policy means that if a self-developed patent generates at least 30% of the profits, you’re taxed at a rate of 7%.
Setting up base in one of these countries gives you a better financial outcome while still operating internationally. Do the math— it’ll come out in your favor.
4. Potential better personal taxes
Similarly, some European countries are considered personal tax havens. Take Andorra: with a 10% tax on residents and companies and no tax on transfers or investment income, relocation to this microstate can do wonders for your finances. Even though Andorra is not a member of the EU, Latvian passport holder can live there as any EU citizen.
5. Easier to open an EU company
With Latvian citizenship, you’ll find it is a lot easier to open a company in the EU than it would be for someone who is not a citizen. If you don’t hold an EU passport, starting your business in the region includes tedious visa processes, lots of red tape, and often prohibitive capital requirements. But if you are a Latvian citizen, you’re part of the EU. You have the right to start your business like any other citizen, no questions asked.
6. Financial safety
European banks are safe: opening an account for yourself or your company is always a good move. Keeping your savings (or part of your savings— diversification!) in an EU or EFTA bank can improve your long-term stability.
But for non-residents, there are complications. AML (anti-money-laundering) regulations implemented throughout the EU impose stricter conditions on what you can do— and how much paperwork you’re required to fill. For Latvian passport holders, these regulations are a lot more lenient and you can easily open an account.
7. The best plan B
You never know when you’ll be forced to take an unforeseen path. Anything from natural catastrophe to a pandemic or political struggles can bring down your country’s economic potential. Venezuela and South Africa are prime examples of this.
The problem — when things go wrong, everyone starts looking for options at the same time. Many people want to relocate when trouble has already started, but by then it’s too late and all viable routes are flooded.
Restoring Latvian citizenship before you need to emigrate is the wisest way to ensure a solid Plan B for yourself and your business and what are the Education Benefits of Latvian Dual Citizenship
Is getting Latvian citizenship worth it?
In short— yes. Having Latvian passport gives you options and solidifies the future of your business and finances. Our advice: if you’re eligible for restoration of Latvian citizenship, start the process today.
If you have Latvian descent and plan on restoring Latvian citizenship, we can help you get there. Write to us via email at info@latviancitizenship.eu . We will guide you through the steps of document acquisition, application preparation and translation. We will walk with you until your citizenship is granted. Email us today so we can assess your eligibility and options for restoring Latvian citizenship and obtaining Latvian passport.
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Latvian citizenship: Will Your Spouse Get Citizenship or Residence?

Latvian citizenship: Will Your Spouse Get Citizenship or Residence?

Sep 29, 2020 | News

 
Thinking of taking the plunge, finally getting your Latvian citizenship, and starting a new chapter of your life together with a loved one? Or perhaps, you’re wondering if restoring your Latvian citizenship is worth it— after all, you’re already married and any big life decision affects your partner too.
 
Whatever your situation is, restoring citizenship is always a good idea. Not only does it give you a sense of connection to your roots, but also very tangible benefits for your future, whether you move to Europe or not.
 
If you’re married (or if you plan to be married), these benefits can look particularly attractive. After all, Latvia is a thriving place to live and to start a family. And what’s more romantic than a big, life-changing adventure with your significant other?
 
The big question: if you restore Latvian citizenship, will your spouse get it too? Or will they be able to get a residence permit?
 
When you get Latvian citizenship, does your spouse get it too?
 
Restoring Latvian dual citizenship by descent involves filling forms, researching documents, and presenting your case to the Latvian authorities (helping you through this process is what we do). All to prove you have an ancestor who was a Latvian citizen and left the country during the period of occupation (circa 1940-1990).
 
This means that your spouse won’t get citizenship when you do. It’s not passed on automatically (unlike what happens with any future children you have). The same goes if you’re not married when you acquire Latvian citizenship.
 
Are your big plans lost, then? Not at all! Keep reading to find out what you can do!
 
Even though the spouse of a Latvian citizen can’t become a citizen (unless they, too, can restore it by descent), other options allow you to start your new life together.
 
Namely, acquiring a residence permit in any given country in the EU— which is a much simpler process for the spouse of an EU national than for anyone else.
 
Applying for (and being granted) residence means that, though you’re not a citizen, you can live in the country for longer than 3 months. You’re also eligible for a work permit and can relocate with your Latvian spouse to any country within the EU.
 
Note: the immigration requirements and rules to acquire residence as a non-EU spouse vary from country to country. If you’re planning on relocating to a different state within the EU, you should check their specific laws.
 
However, there are general benefits you receive as the Non-EU spouse of an EU citizen:
 
● Right of family reunion— you have the right to join your Latvian citizen spouse and live together in the EU.
 
● This is more important than other criteria— you don’t need to prove your work experience, education, age, or criminal record. The right to family reunion is usually reason enough to be granted residence.
 
● As the spouse of someone with Latvian citizenship, you receive the right to work and study, as well as relocate to any country of the EU with your partner (with minimal paperwork involved).
 
● Eventually, you have the possibility of permanent residence and even citizenship. In Spain, Ireland, or Sweden, permanent residence comes after 5 years of uninterrupted legal residence. In Norway, three years’ the rule (plus other requirements). You should check the rules for your chosen relocation country.
 
Also Read: Getting a Latvian Dual Passport – The Process
 
What about living in the EU as a non-spouse?
 
For anyone who is not a spouse or partner of an EU national, who is not an EU national, and who wants to travel to the EU, the rules are a lot more stringent. The key differences when you’re not an EU national nor the spouse or partner of an EU national:
 
● You need to prove your reasons for traveling to the EU and apply for the relevant visa (when a visa is necessary).
 
● If you plan on a stay longer than 3 months or if you want to work or study, you need to show your credentials. For example, acceptance by an education institution or sponsorship by an employer.
 
● This means you need to go through a difficult and costly process of first finding an institution or a job with an employer that is willing to sponsor you. This is easiest for highly qualified workers but, even for them, it is not simple. If you aren’t a highly qualified worker, this becomes almost impossible.
 
● Unlike what happens when you’re the spouse of an EU citizen, when you only have a work permit or residence, you can’t stay if not working, studying or having another strong and valid reason to stay in the EU.
 
In short
 
The spouse of someone with Latvian citizenship doesn’t receive citizenship automatically. However, they have the right to be reunited with their EU spouse and can easily apply to live and work anywhere in the EU. This is a clear advantage over anyone who isn’t the spouse of an EU citizen.
 
People are increasingly flocking towards stable European states— especially in the face of pandemics and political instability in their home countries. Our advice: if you’re thinking of relocating to Europe with your spouse (or just want a solid backup plan) and can restore your Latvian citizenship, it’s time to do so now. Don’t wait until it’s too late to act and secure the future of your family now.
 
Do you have Latvian descent and want to restore your Latvian citizenship? Write to us via email at info@latviancitizenship.eu. We will help you with document acquisition, application preparation, translation, and guide you until citizenship is granted. Email us today so we can evaluate your eligibility for Latvian citizenship.
 
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Top 10 Reasons to Apply for Latvian Dual Citizenship

Top 10 Reasons to Apply for Latvian Dual Citizenship

Jul 31, 2019 | News

Many people, especially young ones, have ambitious dreams to live, study or work in any country they chose. And for many people, the European Union is one of the most attractive destinations. Persons that get Latvian citizenship by descent get an opportunity to live, work and study in any European Union country as well as many other benefits enjoyed by citizens of the EU. Besides, they don’t have to give up the citizenship of the country of their birth. You could have as many reasons, but we’ve listed the top 10 reasons to apply for a Latvian dual citizenship.
Let’s begin with the list to convince you or your family members to apply for Latvian citizenship:
1. Live in one of 30 EU countries of your choice
Young professionals have the advantage of living in any of the 30 countries in Europe. They can pursue their career aspirations without geographical boundaries shrinking their opportunities. Latvia became a member of the European Union in the year of 2004 and joined the Schengen Area in 2007.
2. Improve career prospects with the EU and EFTA countries as a potential destination
How would you sum up the opportunity to work and hold the reins of your career in top 30 EU, EFTA countries? As a professional, you couldn’t think of getting a more opportune environment. The liberty to work in Latvia or any of the EU countries push you to put your best efforts.
3. Don’t reel in debt after degree
The low tuition fees are a big talking point. Look at where the world is heading. The education system in Europe is still holding to the basic principles. The guiding principles of offering education and imparting knowledge to strengthen society. You’ve got the example of America, Canada or Australia on one side. And on the other side, there are countries in the EU charging nominal or no fee. What a difference does it make to the future of students and communities? It serves the purpose of education, rewards talent.
4. How about traveling to 150 countries visa-free or getting visa-on-arrival?
Besides the possibility to travel and live in the EU, Latvian dual passport holders can travel to most of North and South American countries visa-free. They also can visit Australia, New Zealand, Japan, and many Asian countries with visa-on-arrival or visa-free options. Latvian dual passport opens the window to travel the world without boundaries.
Know about how its beneficial a visa-free travel for Latvian passport holders.
5. Enjoy the benefits of an exemplary healthcare system
Living in Europe has its biggest advantage in the form of the advanced healthcare system. Citizens can enjoy healthcare services for free or have to pay a nominal fee. Families find it a convincing reason to settle in one of the EU countries to live a healthy, happy life. These services may sound obvious but take a look around other parts of the world. The situation is the opposite as citizens struggle to afford or pay for healthcare.
6. Latvian dual citizenship for your children
The benefits of living in an EU country might shape the future of your children. They’d have access to everything that you once dreamed about. They would have the best education, career options, safety and quality of life. Applying for Latvian dual citizenship serves several purposes. Your children and grandchildren would have citizenship by birth if you obtain Latvian citizenship by descent before they are born.
7. Mark a new chapter by living together with a spouse in the EU
When a partner moves to an EU country, the spouse can also join him or her. They can get the permit to live and work in the EU country together with their spouse. After living for several years in the country it is possible to apply for a permanent residence permit and, eventually, citizenship.
8. Give your business a boost
To rank 39th in the Human Development Index is not a small feat, which is what Latvia ranks. It’s a relatively high-income country. It offers a conducive environment for press freedom, civil liberties and Internet independence. Latvia is a member of WTO, NATO, UN, European Union, Eurozone and the Council of Europe. Latvia has been an open and democratic country for 30 years now. It has a strong and independent judiciary system and stable, yet growing economic environment. All of these factors put business organizations in a unique position to grow and compete globally.
9. EU citizenship spearheads career growth
With Latvian dual citizenship (i.e. citizenship of an EU country), employees stand to win a strategic battle. Companies consider the candidate with Latvian dual passport for business expansion plans. They could save tens of thousands of dollars in the process. With Latvian passport, you might have an advantage for a new opening in Europe if you are working for a multinational company. It could land you an opportunity you worked hard.
10. Connect to your roots and live in a beautiful country with old traditions and customs
Latvia has many wonderful places to live and enjoy and Latvians have a bright and busy culture. One of the factors why Latvia impresses almost every single family is the quality of life. Get Lithuanian citizenship because why not? There is no reason why you should not get Lithuanian and EU citizenship. Your taxes will not increase, there is no obligation to vote, there is no language requirement and you do not even have to travel to Latvia to obtain Latvian citizenship.
If you have Latvian descent and would like to acquire Latvian dual passport, you may reach out to us via email at info@latviancitizenship.eu. We offer assistance from document acquisition, application preparation, translation services, and guidance throughout the process until citizenship is granted. Email us today so we can assess your eligibility for Latvian dual citizenship by descent.
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