Temporary Residence Permit for Company Board Member (TUA valdes loceklim)

The Temporary Residence Permit for a Company Board Member is governed by Latvian immigration legislation, which allows foreign nationals to obtain residency by serving in the executive bodies of a Latvian-registered commercial company. This permit addresses the need for foreign investors and international business leaders to physically oversee and manage their operations within Latvia. To qualify, the company must have been registered for at least one year, and the applicant must hold a position such as a board member, council member, or authorized representative, ensuring a genuine connection to an established business entity.

This permit is intended for executives, directors, and business owners who need to be on-site to direct their company's operations. It is particularly suitable for professionals managing limited liability or joint-stock companies who require long-term access to the Schengen Area for business purposes. The permit is distinctive because it ties the applicant's residency status to the company’s performance, requiring both a minimum salary for the board member and a substantial annual tax contribution from the company, thereby ensuring that the business is actively and legitimately operating.