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.
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.
Replacement of the temporary residence permit is considered not later than within two months from the lodging of the application.
Permit for a long-term residence in the Republic of Lithuania to reside in the European Community (permanent residence permit) – a document entitling an alien to reside in the Republic of Lithuania and certifying the alien’s permanent resident status.
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.
Why Immigrate to Lithuania
Lithuania is emerging as an ideal destination for foreign investors to immigrate to, particularly due to its attractive geographical location and gateway to Europe. Other reasons include its stable economic environment and EU member status. Lithuania has a very low cost of living and good standards of education and health care. It boasts an excellent infrastructure to set up and develop businesses in, and is strategically situated to enable strong European and International business relations.
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.
Revocation of a Lithuania Residence Permit
- Where the permit holder has obtained the permit by means of fraud
- Where the permit holder is a threat to state security or public policy
- Where the permit holder resides in a non-EU member state for a period of 12 months consecutively