Legal Status to Live and Work in Latvia
As an EU citizen, you benefit from freedom of movement and can settle in Latvia without needing a work permit. Non-EU nationals need to obtain a D visa along with a work permit. These steps generally involve submitting supporting documents such as your passport, proof of employment or income, and health insurance.
Good to know
The difference between your personal tax residence and your company's registered office needs to be clearly understood to avoid legal confusion. This means that even if your company is based in Latvia, your tax residence can remain elsewhere.
Job Market Opportunities in Latvia
Latvia offers plenty of opportunities in dynamic sectors such as technology, fintech, and logistics. The State Employment Agency (NVA) can be a valuable resource for job hunting. While knowing Latvian is often useful, English and Russian are also valuable assets in Latvia's professional world.
- Technology and software development
- Fintech and financial services
- Logistics and international transport
Employee or Entrepreneur: Which Status to Choose?
Choosing between employment and entrepreneurship in Latvia depends on your professional goals. Forming a SIA (Latvia's equivalent of a limited liability company) offers several tax advantages for entrepreneurs. As an employee, you get the security of stable work, but as an entrepreneur, you can optimise your taxation through a SIA.
See our guide on the SIA for entrepreneurs to find out how to optimise your tax situation.
Practical Steps to Settle in Riga
Settling in Riga means finding accommodation suited to your needs. Furnished rentals are common, making the move easier. Alongside this, you'll need to register with Latvia's social security system and obtain a residence card.
If you're planning to start an activity, look into how renting office space in Riga can simplify your professional setup.
Quality of Life and Culture in Latvia
Living in Latvia offers an enjoyable quality of life with a wide range of leisure activities, from canoeing to hiking to birdwatching. Latvian is the official language, and picking up a few basics can help with integration, though English is widely spoken.
Which sectors are growing in Latvia?
Growing sectors include technology, fintech, and logistics. These industries offer plenty of employment opportunities for expats.
Do you need to speak Latvian to work in Latvia?
While knowing Latvian is an asset, English and Russian are also widely used in professional settings.
Can you form a company in Latvia while living elsewhere in the EU?
Yes, it's possible to form a company in Latvia while residing elsewhere in the EU, thanks to freedom of movement for EU citizens.
What steps are involved in relocating to Riga?
Steps include finding housing, registering for social security, and obtaining a residence card.
For more information on forming a company in Latvia and getting tailored support, feel free to contact our team of experts.