Nowadays immigration to Lithuania became quite popular among citizens of different countries, especially countries of CIS (The Commonwealth of Independent States), because this is cheap, easy and fast way to get total entrance to European Union, move across Schengen countries freely and use all services and facilities of European countries. The most popular and reliable way to immigrate to European Union is getting residence permit in Lithuania on the basis of company set-up in Lithuania or purchase of the company in Lithuania.
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Lithuania - Your Gateway to Europe
Temporary residence permit in Lithuania – a document granting a foreign citizen right for a temporary residence in Lithuania. It is issued to foreign citizens, who are not citizens of 27 Members states of the European Union. It is usually issued for one year (at the end of the year may be extended for one year, and up to 5 years). For persons of Lithuanian origin and foreign citizens, who retained the right to citizenship of the Republic of Lithuania temporary residence permit is issued for five years.
The decision for a temporary residence permit in Lithuania to foreign citizens is resolved by the Migration Department. An application for the first temporary residence permit is reviewed during 3-6 months from the date of the submission of the relevant institution, and application of a foreign citizen, who has a long-term residence permit in Lithuania issued by European Union Member State – within 4 months from the date of the submission of the relevant institution.
Temporary Residence Permit
The country is an astounding immigration hotspot for employment, study, and/or residence objects. The nation provides Temporary Residence Visas (TRVs) to the skilled businesspeople & entrepreneurs, if they successfully fulfill its eligibility conditions. A Temporary Residence Permit (TRP) in the nation is basically a document allowing a person, who is an outsider, to live in the country for a maximum of one year.
The permit holder can stay anywhere across the country, change his place of dwelling, leave the nation, & come back inside the time-frame of the visa’s validity. However, it is essential that the visa holders--who aim to go away from the nation, for a period of 6-plus months--duly notifies the concerned officials about the same well in advance. A TRP is typically proofed for duration of 12 months.
Significantly, there is no need whatsoever of any specific/minimum requirement/employment experience and/or qualification, or travel background to submit a submission for the TRP for Lithuania. Still, the candidates, having good academic &specialized credentials, would be favored over others. Possessing English language proficiency would be considered an asset. The aspirants’ business experience and personal net worth, not to mention his planned business blueprint, would prove critical.
In his capacity as a Lithuanian Temporary Residence Permit holder, the migrant is entailed to submit a submission for Permanent Residence Permit for Lithuania; of course, in the aftermath of satisfying some conditions, like clearing the national language exam, and successfully maintaining his residence stay for the original5-year period.
Lithuania Investment Immigration
Lithuania investment immigration allows for an individual to gain permanent residence status by investing a set amount of money into the country the individual seeks residency in. Typically, the investment is in monetary form and must be funded into a pre-approved project of the country the applicant seeks residency in. The investment must also be beneficial to the economy’s growth.
Residency by Investment
Lithuania allows for foreign nationals to apply for permanent residency where they are able and willing to invest money into the country for the benefit of the economy. Despite the country not adopting a specific investment immigration program, Lithuania’s immigration laws provide regulatory means by which a foreign national can obtain Lithuanian citizenship as a result of a large monetary investment.
The main requirements for an applicant to seek residency through investment:
- The investment must create new job opportunities in Lithuania
- The investment must support the growth and development of Lithuania’s economy
- There is no prerequisite set amount of investment that is required from the applicant; however the investment must achieve the above mentioned two points.