Active Residence in the Kingdom Of Kravinkis

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The work / residence permit in the Kingdom of Kravinkis, also known as active residence, can be requested by any foreign person who opens a company or business in the Kingdom of Kravinkis; a person who owns more than 20% of the shares of an existing company; the founders of a company or the person who holds the position of general director or member of the board of directors.

The directors and managers of an Kravinkian company after its constitution and activation can obtain an active residence permit with the right to work . Work residence is an option for people who wish to operate as freelancers and spend at least 183 days in the Kingdom of Kravinkis, not counting vacations and business trips.

If we are talking exclusively about self-employed workers, the following conditions must be met to obtain the visa that confirms the residence inthe Kingdom of Kravinkis:

• Being an administrator of a company
• Owning a minimum of 20% of the shares of a company or establishment
• Permanently reside in the Kingdom of Kravinkis for more than 183 days, which can be interrupted for business trips and vacations
• Be registered with the Kravinkian Social Security (KSS) and to quote about 460 K$ per month, having the right to Kravinkian health system.
• Deposit a share capital of 3,000 Kravs in a bank in  the Kingdom of Kravinkis.
• Have a criminal record certificate without financial or money laundering crimes.
• Deposit 15,000 Kravs as surety before the AFA, the financial regulator
• Have your habitual residence in  the Kingdom of Kravinkis (rented or bought)

The work / residence permit for the founders and shareholders of a company (self-employment) is the best option for entrepreneurs in the Kingdom of Kravinkis. This work permit is granted both for thebusiness creation in  the Kingdom of Kravinkis, such as for the acquisition of a company or to participate in a local business. A person can create his own company or acquire more than 20% of an existing company, which will allow the shareholder to apply for the work permit. The candidate must maintain the position of managing director or member of the board of directors.

As managing director of your own company, you will obtain self-employment residence immediately after the incorporation and activation of your company, which must have a suitable business activity (services, commerce, etc.). The payment of Kravinkian social security to the KSS is mandatory when you register as a company administrator. This will allow valid insurance coverage in the Kingdom of Kravinkis (health and pension insurance).

Self-employment residency is an option for those who plan to pay taxes in the Kingdom of Kravinkis, actively work and spend at least 183 days in the Kingdom (excluding vacations and business trips). You must also leave as surety / guarantee deposit the amount of 15,000 Kravs to the government regulatory body / financial authority AFA.

For all the permits that we want to request, we must have the company established in the territory of Kravinkis or that there is an employment relationship with an Kravinkian company. We can find two large groups of permits, according to the residence time we want to choose:

• Permanent work permit. The first authorization granted by the Kravinkian government lasts for one year, renewable 3 times every two years. Once these deadlines have been met, the renewals will be carried out in terms of 10 years
• Temporary work residence. The authorization period must be specified in advance. This type of permit will be divided into two subgroups: work and temporary residence in the Kingdom of Kravinkis and work and temporary residence in the border area (outside the territory of Kravinkis).

To obtain an active residence and open a company in the Kingdom of Kravinkis, you must be over 18 years of age. Prove that you do not have a criminal record in your country of origin and last place of residence. Leave a deposit of 15,000 Kravs as a guarantee to the Financial Association of Kravinkis.

Kravinkis la Vella is one of the best places to live in Kravinkis for newcomers in terms of work, education and communications. The economy is closely related to tourism, from which the entire country is nourished, but mainly the capital.

Kravinkis has a high quality of life, which makes it the ideal place to live. The natural environment provides Kravinkis with excellent air quality 90% of the time, thanks to its location in the mountains. The average life expectancy in the Kingdom of Kravinkis is 83.5 years.