Saeima committee approves EUR 5,000 charge on repeated extension of some residence permits | Riga Real Estate Invest Consult Renovate

Saeima committee approves EUR 5,000 charge on repeated extension of some residence permits

RIGA, May 31 (LETA) - The Saeima Defense, Interior and Corruption Prevention Committee today approved a EUR 5,000 charge on a repeated extension of some of the temporary residence permits issued to foreigners in return for investments in the Latvian economy.

The charge will not apply to certain types of in investment, such as investments made in Latvia's enterprises, as holders of such residence permits are already obliged to make payments in the Latvian budget for the extension of their residence permits.

Under the provision approved today by the Saeima committee, those holders of Latvian residence permits that have obtained them for buying real estate before 2014, will not be charged the above fee for the first extension of their residence permits. However, they will be charged the fee for a repeated extension of their residence permits, Maira Roze, deputy head of the Office of Citizenship and Migration Affairs, told LETA.

The new provision will not change the already adopted regulation that those foreigners that have obtained Latvian residence permits for buying real estate after 2014 have to pay EUR 5,000 already for the first extension of their residence permits, Roze said.

The Saeima committee also voted to send draft amendments to the Immigration Law for the final reading in Saeima.

Saeima is repeatedly reviewing amendments to the Immigration Law that President Raimonds Vejonis has returned to the parliament.

The president has pointed out at least seven legislative norms that need to be revised in order to ensure that the law is properly applied. For example, the law does not name the budget program to which the payment worth EUR 5,000 should be made when applying for the temporary residence permit repeatedly. The norm does not provide for the rights of the Cabinet of Ministers to suspend issue of temporary residence to avert risks to the state security or economic development. The president noted that it is also necessary to ensure a clear and accurate transition to the new regulation.

"The proposal supported in the third reading has caused a number of contradictions in the wording of the Immigration Law," the president said.

Saeima on April 21 approved in the third and final reading a number of amendments to the Immigration Law. Saeima thus concluded work on the amendments which were submitted to the 11th Saeima for review almost 18 months ago.

Ainârs Leijçjs
LETA

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