The access point to travel and conduct business freely in the Schengen Area for non-citizens of the European Union is through an EU residence permit. A temporary residence permit (TRP) legalizes the temporary stay of a foreigner in an EU member state; it is a certificate of their identity and a multi-visit “pass” for crossing the border, which means travel in the whole Schengen Area is possible without entry and exit restrictions. With well crafted company formation setups it is possible to obtain a TRP to stay up to 3 years in the EU with the possibility for extension.
Temporary Residence Permit
Advantages of a Temporary Residence Permit
With the temporary EU residence permit, the holder also has access to the public services of the member state ranging from social services to education. A TRP holder has a high level of freedom to live, travel, and conduct business throughout the EU and EEA. The TRP is an ideal opportunity for non-EU citizens to gain access to one of the world largest markets places and stable political structures. The key benefits include:
- Visa-Free Travel in the Schengen Area
- Work permit and operational limited liability company setup
- Extended stays up to 90 days during each 6 months outside the state of residency
- Enjoy public services and benefits of the member nation
- Access to the vast business environment of the EU/EEA
Process to Receive EU Temporary Residence
One of the shortest methods for receiving a TRP is through the establishment and operation of a business. By having a local company you can become eligible for a temporary residence card and work permit. Holding these cards is ideal for any entrepreneur outside of the EU/EEA to gain access to doing direct business and the opportunity to reside/travel in the Schengen Area. The timeline of the application process may range from 3 to 5 months. For more information contact our legal department via the form below:
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