---
title: "Latvia Company board member permit 2026: assets €2,800+ needed"
url: https://settleanywhere.com/countries/latvia/company-officer/
lang: en
updated: 2026-10-11
---

Latvia · Business / Startup

# Latvia Company board member permit

**Assets needed:** €2,800+ ≈ $3,130

Temporary residence permit for a company board member, procurator or representative

First checked against official sources on 11 Oct 2026 [Record corrected 11 Oct 2026](https://settleanywhere.com/changes/corrections/#change-lv-company-officer) [Change log](https://settleanywhere.com/changes/)

- **Assets needed:** €2,800+ ≈ $3,130 (Assets of at least EUR 2,800 (≈ $3,130) · Minimum paid-up share capital of a limited liability company whose registered officer applies. Income of at least EUR 3,630 a month (≈ $4,060) · Means of subsistence equal to twice the previous-year average gross monthly wage (EUR 3,630 per month from 1 April 2026). A fee of EUR 160 (≈ $180) · State fee for review of documents for a temporary residence permit within 30 days; EUR 280 within 10 working days and EUR 560 within 5 working days.)
- **First stay:** 2 yrs (Up to two years.)
- **Who can apply:** Most passports (Third-country nationals except Russian citizens.)

## Key facts

Company board member permit is a business / startup route for Latvia. Applicants need assets of €2,800+ ≈ $3,130. You can stay 2 yrs. Checked 2026-10-11 against the official source.

- **Money needed:** €2,800+ ≈ $3,130
- **Government fees:** €160 ≈ $180
- **Processing:** Up to 30 days
- **First stay:** 2 yrs

## Cost, time and long term

To apply: government fee €160 ≈ $180; assets to show €2,800+ ≈ $3,130; decision: up to 30 days. No lawyer or agent fee is included.

**Government fees: €160 ≈ $180**

- EUR 160 (≈ $180) State fee for review of documents for a temporary residence permit within 30 days; EUR 280 (≈ $310) within 10 working days and EUR 560 (≈ $630) within 5 working days.

**Shown, not spent: €2,800+ ≈ $3,130 · €3,630+/mo ≈ $4,060**

- EUR 2,800 (≈ $3,130) Minimum paid-up share capital of a limited liability company whose registered officer applies.
- EUR 3,630 a month (≈ $4,060) Means of subsistence equal to twice the previous-year average gross monthly wage (EUR 3,630 (≈ $4,060) per month from 1 April 2026).

**Renewal: Renewable**

Issued for up to two years.

[Saeima of the Republic of Latvia](https://likumi.lv/ta/id/370622-imigracijas-likums)

**Permanent residence: After 5 years of residence**

EU long-term resident status after 5 years of continuous, lawful residence; half of study time counts.

[Office of Citizenship and Migration Affairs](https://www.pmlp.gov.lv/en/long-term-resident-status-european-community-latvia)

**Citizenship: After 5 years as a permanent resident**

Naturalisation needs 5 years of residence on a permanent residence permit, knowledge of Latvian and the Constitution, and a legal source of income.

[Office of Citizenship and Migration Affairs (PMLP), Latvia](https://www.pmlp.gov.lv/en/naturalisation)

**Processing: Up to 30 days**

The authority answers on a temporary residence permit within 30 days of receiving all documents.

[Saeima of the Republic of Latvia](https://likumi.lv/ta/id/370622-imigracijas-likums)

**Presence rules: Absence limits**

For long-term status, absences must not exceed six successive months or ten months in total over the five years.

[Office of Citizenship and Migration Affairs](https://www.pmlp.gov.lv/en/long-term-resident-status-european-community-latvia)

## Why this route may not fit

Check this before you apply.

- Not open to EU, EEA or Swiss passports, or passports from Russia

### What you'll need

#### Who can apply

- Applicants are board or supervisory-board members, procurators, administrators or liquidators registered in the Commercial Register.
- A partner with representation rights, or a person authorised to represent a foreign company's branch, also qualifies.

#### What you must show

- The paid-up share capital of the limited liability company whose registered officer applies is at least EUR 2,800 (≈ $3,130).
- Proof of subsistence of EUR 3,630 (≈ $4,060) per month is required.
- State fee for review of documents is EUR 160 (≈ $180) within 30 days, EUR 280 (≈ $310) within 10 working days or EUR 560 (≈ $630) within 5 working days.

#### Documents

- A questionnaire for requesting a residence permit, a copy of the travel document and a 3x4 cm photograph are submitted.

#### Steps

1. No invitation is needed when the applicant is the sole registered officer with representation rights or a foreign company's representative.

#### After you arrive

- The company or foreign-company branch pays at least EUR 25,000 (≈ $27,900) a year into the state and municipal budgets while the permit is valid.
- Family members can request a residence permit valid for the holder's permit term.

## What happens at day 183

How Latvia decides tax residence and treats foreign-source income, from its tax records.

- **Stay on this route:** **Up to 2 years at first, renewable**
- **Tax residence:** - **At least 183 days in any 12-month period starting or ending in the tax year** A person staying in Latvia 183 days or more is a tax resident; a declared place of residence in Latvia also makes the person resident.
- **Foreign-source income:** Residents are taxed on worldwide income: 25.5% on annual income below EUR105,300 (≈ $118,000) and 33% above, plus an additional 3% on annual income over EUR200,000 (≈ $223,000); non-taxable minimum EUR550 (≈ $610) a month in 2026.

[All tax rules for Latvia](https://settleanywhere.com/countries/latvia/tax/) Tax records checked 11 Oct 2026

**Full official text**

Permit for a board or supervisory-board member, procurator or other registered officer of a Latvian company with the right to represent it. The company must pay at least EUR25,000 (≈ $27,900) of taxes a year during the permit, and a limited liability company needs paid-up share capital of at least EUR2,800 (≈ $3,130). (source 1)

#### What you must show and pay

- Assets of at least EUR 2,800 (≈ $3,130) · Minimum paid-up share capital of a limited liability company whose registered officer applies. (source 1)
- Income of at least EUR 3,630 a month (≈ $4,060) · Means of subsistence equal to twice the previous-year average gross monthly wage (EUR 3,630 (≈ $4,060) per month from 1 April 2026). (sources 3, 2)
- A fee of EUR 160 (≈ $180) · State fee for review of documents for a temporary residence permit within 30 days; EUR 280 (≈ $310) within 10 working days and EUR 560 (≈ $630) within 5 working days. (source 4)

#### Requirements

- Applicants are board or supervisory-board members, procurators, administrators or liquidators registered in the Commercial Register. (source 1)
- A partner with representation rights, or a person authorised to represent a foreign company's branch, also qualifies. (source 1)
- The paid-up share capital of the limited liability company whose registered officer applies is at least EUR 2,800 (≈ $3,130). (source 1)
- Proof of subsistence of EUR 3,630 (≈ $4,060) per month is required. (sources 2, 3)
- State fee for review of documents is EUR 160 (≈ $180) within 30 days, EUR 280 (≈ $310) within 10 working days or EUR 560 (≈ $630) within 5 working days. (source 4)
- A questionnaire for requesting a residence permit, a copy of the travel document and a 3x4 cm photograph are submitted. (source 3)
- No invitation is needed when the applicant is the sole registered officer with representation rights or a foreign company's representative. (source 1)
- The company or foreign-company branch pays at least EUR 25,000 (≈ $27,900) a year into the state and municipal budgets while the permit is valid. (source 1)
- Family members can request a residence permit valid for the holder's permit term. (source 1)

#### Stay

- Up to two years.
- First stay: up to 24 months, decided case by case.

#### Nationality

Third-country nationals except Russian citizens. Not open to: Austria, Belgium, Bulgaria, Switzerland, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Russia, Sweden, Slovenia, Slovakia.

#### Work

Right to employment for commercial activity as a board member, procurator or representative of the company (Immigration Law Section 42).

#### Family

Family members (spouse, minor children including children under guardianship, and persons in the holder's care) can request a residence permit for the holder's permit term (Immigration Law Section 27(3)).

Checked 2026-10-11

## Official sources

1. [Immigration Law (adopted 20 August 2026, in force 15 September 2026)](https://likumi.lv/ta/id/370622-imigracijas-likums) · Saeima of the Republic of Latvia (likumi.lv) · checked 2026-10-11 · published 2026-09-01
2. [The necessary subsistence (from 1 April 2026)](https://www.pmlp.gov.lv/en/necessary-subsistence-0) · Office of Citizenship and Migration Affairs (OCMA/PMLP) · checked 2026-10-11 · published 2026-03-16
3. [Initial residence permit: documents for a registered company officer (B 1.1)](https://vissparmigraciju.pmlp.gov.lv/?page_id=1336&lang=en) · Office of Citizenship and Migration Affairs of Latvia · checked 2026-10-11
4. [State fee for issuing the residence permit](https://www.pmlp.gov.lv/en/state-fee-issuing-residence-permit) · Office of Citizenship and Migration Affairs of Latvia (OCMA) · checked 2026-10-11 · published 2026-03-18
5. [The long-term resident status of the European Community in Latvia](https://www.pmlp.gov.lv/en/long-term-resident-status-european-community-latvia) · Office of Citizenship and Migration Affairs (OCMA) · checked 2026-10-10 · published 2020-10-06
6. [Naturalisation (Latvian citizenship)](https://www.pmlp.gov.lv/en/naturalisation) · Office of Citizenship and Migration Affairs (PMLP), Latvia · checked 2026-10-11

## Company board member permit and its alternatives

| Route | Money needed | Stay | Work |
| --- | --- | --- | --- |
| Company board member permit | Needs assets of €2,800+ ≈ $3,130 | 2 yr | – |
| [Startup founder permit](https://settleanywhere.com/countries/latvia/startup-founder/) | Needs income of €780+ a month ≈ $870 | 3 yr | – |
| [Startup Visa](https://settleanywhere.com/countries/portugal/startup-visa-89-4/) Portugal | Needs savings of €6,446+ ≈ $7,200 | 2 yr, renewable | – |
| [Entrepreneur visa](https://settleanywhere.com/countries/spain/entrepreneur-visa/) Spain | – | 3 yr, renewable | – |
| [Startup Visa](https://settleanywhere.com/countries/italy/startup-visa/) Italy | Needs savings of €50k+ ≈ $56k | 1 yr, renewable | – |

## Questions people ask

### How much money do I need for the Company board member permit?

Assets of at least EUR 2,800 (≈ $3,130). Minimum paid-up share capital of a limited liability company whose registered officer applies. Income of at least EUR 3,630 a month (≈ $4,060). Means of subsistence equal to twice the previous-year average gross monthly wage (EUR 3,630 (≈ $4,060) per month from 1 April 2026). A fee of EUR 160 (≈ $180). State fee for review of documents for a temporary residence permit within 30 days; EUR 280 (≈ $310) within 10 working days and EUR 560 (≈ $630) within 5 working days.

### How long can I stay on the Company board member permit?

Up to two years.

### How long does the Company board member permit take to process?

The authority answers on a temporary residence permit within 30 days of receiving all documents.

### Can I work on the Company board member permit?

Right to employment for commercial activity as a board member, procurator or representative of the company (Immigration Law Section 42).

### Can I bring my family on the Company board member permit?

Family members (spouse, minor children including children under guardianship, and persons in the holder's care) can request a residence permit for the holder's permit term (Immigration Law Section 27(3)).

### Who can apply for the Company board member permit?

Third-country nationals except Russian citizens. Not open to: Austria, Belgium, Bulgaria, Switzerland, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Russia, Sweden, Slovenia, Slovakia.

### Does the Company board member permit lead to permanent residence in Latvia?

Time on the Company board member permit counts toward permanent residence in Latvia, which the rules allow after 5 years of residence. Time on the Company board member permit counts toward citizenship, which the rules allow after 5 years as a permanent resident.

### How are Company board member permit holders taxed in Latvia?

No special regime in our records is tied to the Company board member permit. The standard rules apply: Residents are taxed on worldwide income: 25.5% on annual income below EUR105,300 (≈ $118,000) and 33% above, plus an additional 3% on annual income over EUR200,000 (≈ $223,000); non-taxable minimum EUR550 (≈ $610) a month in 2026.

## More in Latvia

[Digital nomad visa](https://settleanywhere.com/countries/latvia/digital-nomad-visa/) [Retiree residence](https://settleanywhere.com/countries/latvia/retiree/) [Investor · €50k share capital](https://settleanywhere.com/countries/latvia/investor-share-capital/) [Blue Card](https://settleanywhere.com/countries/latvia/eu-blue-card/) [Seasonal work visa](https://settleanywhere.com/countries/latvia/seasonal-work-visa/) [Work visa (D)](https://settleanywhere.com/countries/latvia/work-visa-d/) [Work permit](https://settleanywhere.com/countries/latvia/employment/) [Researcher permit](https://settleanywhere.com/countries/latvia/researcher/)

## Business / startup visas elsewhere

[🇬🇷 Business investor permit](https://settleanywhere.com/countries/greece/business-investment-b2/) [🇩🇪 Self-employed permit](https://settleanywhere.com/countries/germany/self-employment-21/) [🇫🇷 Entrepreneur / freelancer](https://settleanywhere.com/countries/france/entrepreneur-liberal/) [🇬🇧 Innovator Founder](https://settleanywhere.com/countries/united-kingdom/innovator-founder/) [🇳🇱 DAFT self-employed](https://settleanywhere.com/countries/netherlands/daft-self-employed/) [🇨🇾 Startup visa](https://settleanywhere.com/countries/cyprus/startup-visa/)

≈ USD figures are approximate: daily reference rates from ExchangeRate-API, dated 12 Oct 2026, refreshed when the site is updated.

## How this was checked

**Checked on 2026-10-11 against 6 official sources.** Status: verified against the official sources.

Every figure on this page comes from the official source it links to. The record was researched against these sources, then reviewed separately, with special attention to effective dates and amendments. Where a source does not state something, the page leaves it out.

1. [Immigration Law (adopted 20 August 2026, in force 15 September 2026)](https://likumi.lv/ta/id/370622-imigracijas-likums) · Saeima of the Republic of Latvia (likumi.lv) · checked 2026-10-11
2. [The necessary subsistence (from 1 April 2026)](https://www.pmlp.gov.lv/en/necessary-subsistence-0) · Office of Citizenship and Migration Affairs (OCMA/PMLP) · checked 2026-10-11
3. [Initial residence permit: documents for a registered company officer (B 1.1)](https://vissparmigraciju.pmlp.gov.lv/?page_id=1336&lang=en) · Office of Citizenship and Migration Affairs of Latvia · checked 2026-10-11
4. [State fee for issuing the residence permit](https://www.pmlp.gov.lv/en/state-fee-issuing-residence-permit) · Office of Citizenship and Migration Affairs of Latvia (OCMA) · checked 2026-10-11
5. [The long-term resident status of the European Community in Latvia](https://www.pmlp.gov.lv/en/long-term-resident-status-european-community-latvia) · Office of Citizenship and Migration Affairs (OCMA) · checked 2026-10-10
6. [Naturalisation (Latvian citizenship)](https://www.pmlp.gov.lv/en/naturalisation) · Office of Citizenship and Migration Affairs (PMLP), Latvia · checked 2026-10-11

Tracked since 2026-10-10. Rule changes and corrections are listed on the [changes page](https://settleanywhere.com/changes/), and the [methodology page](https://settleanywhere.com/methodology/) explains how facts are checked. Found something out of date? Email [contact@stayglobe.app](mailto:contact@stayglobe.app?subject=Correction) with a link to the official source.