Learn Why Business Immigration to Lithuania Makes Sense!
Lithuania is the biggest of the three Baltic countries, and the first to cut it ties with USSR. This picture-perfect immigration hotspot is located in the Northern Europe. It is an easy gateway for those who wish to live and work in Europe.
These days, when a large number of European countries are facing the biggest economic fall, some countries have shown positive signs and Lithuania is one such country.
Every year, 100s of 1000s of people immigrate to Europe. The continent is a big hit, especially among those who wish to invest overseas–through starting a new business venture, overtaking, and/ or partnering in an existing business venture. The uncertainty of many European countries has made many small nations on a stronger side, and those who wish to start their own business abroad may easily bank upon Lithuania.
This Baltic country is extremely peaceful, and has fast become famous due to its stable and growing economy. It has business friendly environment even while it holds the 17th rank worldwide when it comes to conducting business.
The Lithuanian administration well understands the benefits of investment even as it is more than geared up to offer the interested people with the support they require. And, the modern dynamic business segment of the nation is entirely EU compatible.
The trend of Business immigration to Lithuania has become fast popular as it is pretty easy, cheap and arguably the fastest path to get an entry in the European Union (EU). It also allows you to travel to the Schengen Zone.
All this is possible through acquiring Temporary Residence Visa (TRV), by either establishing your own company or by purchasing the exiting company in the nation. The TRV in Lithuania is basically a document that grants a citizen of overseas the right for an impermanent residence in the Baltic nation.
It is issued to foreign citizens, who are not citizens of 28 Members states of the EU. It is usually issued for one year (at the end of the year may be extended for one year, and up to 5 years) depending on the specific request. It allows the visa holder to leave and re-enter the country till the time the visa is valid. The Migration Department of Lithuania takes a decision for the grant of a TRP in Lithuania to overseas citizens.
The visa processing takes not more than six months from the date the complete application is accepted. The applicant needs to submit a complete application with required documents along with a passport with the validity of three months. And replacement of the TRP is considered not later than inside two months from the filing of the petition.
If you are looking for an opportunity for business immigration to Lithuania, the best is you may start your own company. If it’s a joint venture you need to make an investment of at least EUR 15.000 per head, and if the company will be established by one person the investment amount increases to EUR 2900.
There is also an option to buy an existing company, which is considerably an easy route and takes less time to complete the paper proceedings and reduce the expenses one has to spend on registration.
- The country allows both visa and hassle-free entry to the EU and Schengen Zone.
- An easy opportunity for crediting in European Banks.
- Lithuanian permit makes much easy to obtain a visa for countries like US, UK, Canada, and Australia, among others.
- Registering a company in your own name gives you many social benefits. Your accompanying family members are equally eligible to enjoy them.
You may also bring along your family members and live a peaceful life. Remember: if you wish to stay in the country for a long period of time, you must be a Lithuanian law abiding citizen, or else chances are your visa will not be extended any further.