Real Estate Investment
one of the easiest and most reliable ways to obtain European residency.
Submit an application
Fast Processing
Obtain residency in just 2-3 months from application
Visa-Free Schengen Access
Travel freely across 26 European countries
No Mandatory Residence
Minimal stay requirements in Latvia
Path to Permanent Residency & Citizenship
A solid foundation for long-term life in the European Union
For the Whole Family
Your spouse and children receive residency together with you
Access to the EU market
the opportunity to live, work and do business in the EU
A reliable investment
investment in a real asset with potential for growth in value
Investment requirements
Latvia offers a stable property market, affordable investment thresholds and access to the Schengen area, making it an attractive choice for those looking to combine a residence permit with a long-term asset.
To obtain a residence permit through real estate in Latvia, you must:
- Invest at least €250,000 in residential or commercial real estate
- Pay a state fee of 5% of the property value
- Purchase a property in Riga, Jurmala or another region approved by the state
- The property must be fully registered in the investor’s name and not be mortgaged
- The transaction must be conducted through a Latvian bank to ensure transparency
Step-by-step process of obtaining a residence permit in Latvia
We present a simple and clear process for obtaining a residence permit in Latvia – from choosing an investment route to obtaining a residence card. We accompany you at every stage.
Business Selection and Investment Structuring
- Choosing an existing business or registering a new enterprise
- Preparing a business plan and investment strategy
- Conducting due diligence and registration with Latvian authorities
Document Preparation and Application Submission
- Gathering all required documents (passport, investment proof, registration details, etc.)
- Submitting the application to the Office of Citizenship and Migration Affairs (OCMA)
- Paying the government fee
Approval and Residence Permit Issuance
- OCMA reviews the application within 30-90 days
- After approval, the investor must visit Latvia for biometric data collection
- Temporary residence permit is issued for 5 years
Maintaining Resident Status
- The company must remain operational and comply with Latvian laws
- Only 1 day per year of physical presence in Latvia is required to maintain residency
- Submitting renewal application before the permit expires
Why is it worth investing in Latvian real estate?
Growing market
stable sector with increasing demand
Rental Income
High yields – especially in popular locations
Affordable prices
Compared to other capitals, Riga offers favorable conditions
Flexible use
you can live there, rent it out or use it as a summer house
Tax transparency
only standard property taxes apply
Path to permanent residence and citizenship
- After 5 years, you can apply for permanent residence if you retain your property
- After 10 years, it is possible to apply for Latvian citizenship with full rights of an EU citizen
- Citizenship provides visa-free access to more than 180 countries worldwide
Who is this program suitable for?
For families – striving for a better future and European education/medicine
For global entrepreneurs – wanting a secure EU base with access to Schengen
Инвесторам в недвижимость — ищущим стабильный актив в Европе
Частым путешественникам — для свободного передвижения по Европе
Contact with us
Contact Us for Visa
& Immigration
Contact Information
Residence Permit
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+371 288 549 91
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Info@residencepermit.lv
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13 Šķūņu iela Riga, Latvia-LV-1050
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Mon – Sat: 8:00 am to 6:00 pm
Sunday: Closed