Regarding legal provision for subsistence for receipt of the residence permit

It is set forth in Paragraph 5 of Part One of Section 4 of the Immigration Law that a foreigner shall be entitled to enter and reside in the Republic of Latvia, if he or she has the necessary financial means in order to reside in the Republic of Latvia. The amount of necessary financial means is determined by the Cabinet.

As of 1 April 2019 the required provision for subsistence, pursuant to the 25 April 2017 Cabinet Regulations No. 225 “Regulations regarding the Amount of Necessary Financial Means for a Foreigner and Procedures for the Determination of the Existence of Financial Means” (hereinafter the Regulations), is as follows:

  1. based on the information of the Central Statistics Board:
    • pursuant to Subparagraph 11.1 of the Regulations – the work remuneration or income from commercial activities in the Republic of Latvia in accordance with double the average gross monthly work remuneration of working persons for the previous year if foreigners referred to in Paragraphs 2, 3 and 4 of Part One of Section 23 of the Immigration Law request a residence permit and their residence is related to employment or commercial activities – 2008 EUR (csb.gov.lv);
    • pursuant to Subparagraph 11.2 of the Regulations– work remuneration in the Republic of Latvia in accordance with the average gross monthly work remuneration of working persons for the previous year by applying the coefficient 5 if a residence permit is requested by a foreigner who wants to receive the European Union Blue Card – 1506 EUR (www.csb.gov.lv);
    • pursuant to Subparagraph 11.3 of the Regulations– work remuneration in the Republic of Latvia in accordance with the average gross monthly work remuneration of working persons for the previous year by applying the coefficient 2 if a residence permit is requested by a foreigner who wants to receive the European Union Blue Card and who is going to be employed in the occupation included by the Cabinet of Ministers into the list of occupations in which the significant lack of labour force has been prognosticated  – 1205 EUR (www.csb.gov.lv);
    • pursuant to Subparagraph 11.4 of the Regulations – work remuneration in the Republic of Latvia in accordance with the average gross monthly work remuneration of working persons for the previous year if a foreigner requests a residence permit due to employment that is not referred to in Subparagraph 11.1, 11.2 or 11.3 of these Regulations – 1004 EUR (www.csb.gov.lv);
    • pursuant to Subparagraph 11.5 of the Regulations– regular pension in accordance with double the average amount of old-age pensions disbursed to pensioners present in the accounting of the social insurance institutions per month for the previous year if a foreigner requests a residence permit in accordance with Paragraph 26 of Part One of Section 23 of the Immigration Law – 628 EUR (csb.gov.lv);
  2. Pursuant to Paragraph 2 of 24 November 2015 Cabinet Regulations No. 656Noteikumi par minimālās mēneša darba algas apmēru normālā darba laika ietvaros un minimālās stundas tarifa likmes aprēķināšanu” the minimum monthly work remuneration in the Republic of Latvia is 430 EUR:
    • pursuant to Subparagraph 11.6 of the Regulations– financial means in accordance with triple amount of the minimum monthly work remuneration if a foreigner requests a residence permit in accordance with Paragraph 29 of Part One of Section 23 of the Immigration Law – 1290 EUR;
    • pursuant to Subparagraph 11.7 of the Regulations– financial means in accordance with the minimum monthly work remuneration in the cases not provided for in Subparagraphs 11.1, 11.2, 11.3, 11.4, 11.5 and 11.6 of the Regulations – 430 EUR;
    • pursuant to Paragraph 12 of the Regulations the provision of subsistence for an underage child is 129 EUR.

If together with the principal applicant referred to in Subparagraphs 11.1, 11.2, 11.3, 11.4, 11.5, 11.6 and 11.7 of the Regulations the residence permit is requested by his/her family members as well then they shall deliver the document confirming legal provision for subsistence pursuant to Subparagraph 11.7 or Paragraph 12 of the Regulations.

Source: PMLP

For A Limited Time Only

Cheapest Europe Golden Visa: 5 Years Residence Permit in Latvia for Only 20,000 EUR.

Reserve Your Spot Today!