Best Residence by Investment Lawyers in Kaunas

About Residence by Investment Law in Kaunas, Republic of Lithuania

Residence by Investment, commonly referred to as the "Golden Visa" program, is a legal route for non-European Union nationals to obtain temporary or permanent residency in Lithuania by making a qualifying investment. In the city of Kaunas, as elsewhere in Lithuania, this process allows individuals to reside legally, enjoy local benefits, and in some cases, bring family members with them. The investment can take several forms, such as starting a business, investing in an existing Lithuanian company, or fulfilling other economic criteria set by national regulations. Kaunas, Lithuania’s second-largest city, offers unique economic opportunities and a vibrant urban environment for investors considering residency options.

Why You May Need a Lawyer

Securing residence by investment in Kaunas can be a complex legal process. Many individuals seek legal representation to avoid errors, misunderstandings, or missed opportunities. Common situations where legal help is essential include designing investment strategies, ensuring full compliance with Lithuanian laws, preparing required documents, interpreting immigration regulations, and navigating interviews with relevant authorities. A local lawyer is particularly useful if your case involves complicated financial structures, previous immigration issues, dependents, or if you are unsure about the specific requirements for your intended investment. Professional legal support can also help prevent delays, denials, or future immigration complications.

Local Laws Overview

Lithuania’s Law on the Legal Status of Aliens outlines the main provisions for Residence by Investment. Key aspects include:

• The minimum investment threshold, which often requires a direct investment in a Lithuanian company, creation of jobs, or participation in a strategic economic sector.
• The need for the investment to be genuine, transparent, and demonstrably beneficial to the Lithuanian economy.
• Compliance with anti-money laundering and source-of-funds scrutiny.
• Submitting a detailed business plan and supporting documents as part of your application.
• Requirements to maintain the investment for a set period (usually 1-5 years) to preserve residency rights.
• Pathways from temporary to permanent residency, and potentially citizenship, with additional Lithuanian language and integration conditions.
• Family reunification rules, allowing spouse and minor children to apply for residency under specific criteria.
• Mandatory health insurance coverage for all applicants.
• Strict renewal requirements, including proof of ongoing investment and economic activity.
• Possible grounds for denial or revocation, such as criminal records or false information.

Understanding these local laws is crucial to a successful Residence by Investment application in Kaunas.

Frequently Asked Questions

What types of investments qualify for residence in Kaunas, Lithuania?

Common qualifying investments include creating a company with a minimum capital investment, investing in existing Lithuanian businesses, or participating in specific economic projects authorized by national law.

How much do I need to invest for a residence permit?

The threshold may vary depending on the chosen pathway but generally starts from around 28,000 to 50,000 euros capital investment per company, with conditions to employ a set number of local residents.

Can my family accompany me to Lithuania under the investment program?

Yes, your spouse and minor children can usually apply for residence permits as dependents once your initial permit is granted.

Is it possible to obtain permanent residence or citizenship through investment?

Residence by investment typically starts with a temporary residence permit. After five years of lawful residence and fulfilling additional criteria (such as knowledge of the Lithuanian language), you may qualify for permanent residence and eventually citizenship.

Are there any language requirements?

Language requirements usually apply for long-term or permanent residence and citizenship, but not for the initial temporary residence permit by investment.

How long does the application process take?

Processing times vary but generally take between two and five months, depending on the application’s complexity and completeness.

What happens if my investment fails or my company closes?

If the investment no longer meets program requirements, it may result in the revocation or non-renewal of your residence permit. Legal advice is recommended if your business faces difficulties.

Can I work or study in Lithuania on a residence by investment permit?

Yes, a residence permit typically grants the right to work and study in Lithuania, and allows free movement within the Schengen Area for short stays.

Do I need to reside in Kaunas full-time?

Temporary residents are generally expected to spend a significant amount of time in Lithuania, especially when seeking permanent status. Exact requirements can vary; consult an immigration attorney for your specific situation.

What if my application is refused? Can I appeal?

You have the right to appeal a denial of your residence permit. Appeals are subject to strict timeframes and procedures, so legal assistance is strongly recommended.

Additional Resources

If you are considering applying for residence by investment in Kaunas, the following resources may be useful:

• Migration Department under the Ministry of the Interior of the Republic of Lithuania – responsible for issuing residence permits.
• State Enterprise Centre of Registers – facilitates company incorporation and registration.
• Lithuanian Investment Promotion Agency (Invest Lithuania) – provides guidance on investment opportunities and business climate.
• Kaunas Municipality Business Support Services – offers local economic and legal information for entrepreneurs.
• Local accredited law firms and immigration specialists experienced in investment migration.

Next Steps

If you are considering Residence by Investment in Kaunas, start by evaluating your eligibility and investment options. Collect all necessary documentation, such as proof of funds, business plans, and personal identification. Consult with a qualified immigration lawyer in Kaunas who can guide you through the specific requirements and help you avoid common legal pitfalls. Your lawyer will help structure your investment, draft and file your application, and communicate with the authorities on your behalf. Finally, monitor deadlines closely, especially for document submission and permit renewals, to maintain your legal status in Lithuania. Early legal advice can be instrumental in ensuring a smooth and successful application process.