Dear clients! We would like to draw your attention to significant changes affecting those who hold a residence permit based on a business investment (company share ownership).
Previously, when you submitted documents for annual residence permit renewal, you needed to confirm tax payments for the last 12 months.
For example, if documents were submitted on June 1, 2016, you had to provide a certificate from the tax authority confirming that from June 1, 2015 to June 1, 2016 your company paid taxes in the amount of at least €40,000, i.e., for the last 12 months.
However, amendments to the Immigration Law came into force on July 1 of this year.
Now you must provide a tax payment certificate for the tax year!
For example, you will submit documents for annual residence permit renewal on August 1 of this year. You will need to confirm that in 2015 you paid taxes in the amount of at least €40,000.
In other words, a certificate for the last 12 months is no longer acceptable.
Now only the tax year, from January 1 to December 31, is taken into account.
What should you do if the annual report has already been submitted but the tax amount is insufficient?
In that case, we recommend changing the basis for your residence permit.
For example - obtain a residence permit as an employee of the company, as a member of the company's board.
Or, the most reliable option - purchase real estate and apply for .
Have questions? We look forward to your email or call!
Phone number: +371 29774775
Email: info@kominvest.com
Skype: KOM-INVEST