Latvia Residence Permit by Investment
Latvia offers EU residency through real estate or business investment, providing Schengen Area access and a clear pathway to permanent residence. One of the most straightforward EU residency programs available.
Who Is This For?
- Non-EU nationals with qualifying real estate investment in Latvia
- Clean criminal record from home country and countries of residence
- Real estate purchase of EUR €250,000+ in Riga or EUR €250,000 elsewhere in Latvia
- State duty of 5% of the property value paid to the Latvian government
- Can include spouse and dependent children under 18
- Health insurance required; basic income proof
How It Works
- 1
Property Selection & Purchase
Identify qualifying Latvian real estate. Property must be valued at EUR €250,000+ and not previously used for another investor's residency application.
- 2
Document Preparation
Gather passport, criminal record certificate, proof of property purchase, health insurance, and financial means evidence.
- 3
Residence Application
Submit temporary residence permit application to the Office of Citizenship and Migration Affairs (OCMA) in Latvia.
- 4
Processing & Approval
OCMA reviews application — typically 1–2 months. Property ownership must be registered in the Land Register.
- 5
Biometrics & Permit Card
Attend biometrics in Latvia. Residence permit card issued, valid 4 years (then renewable).
- 6
Permanent Residence
After 5 years of temporary residence: apply for EU permanent residence permit.
Country Location
Why ITC iLand for This Program?
ITC iLand has guided over 100 families through global citizenship and residency by investment programs — from Caribbean second passports to European Golden Visas. We work with government-authorized agents in each jurisdiction and bring 25+ years of international immigration expertise to ensure your application is compliant, complete, and processed without delays.
Frequently Asked Questions
Residential and commercial real estate both qualify. The property must be purchased from a Latvian citizen, EU/EEA citizen, or Latvian company — not from another investor using the same property for residency.
Yes. Latvia charges a state duty of 5% of the cadastral value of the property (not the purchase price), paid to the Latvian government at time of residency application.
Temporary residents must visit Latvia for at least 1 day per year to maintain the permit. This is a minimal requirement.
The investor residence permit authorizes residency in Latvia and travel in the Schengen Area. Work authorization in Latvia is generally included for the investor, though employment rules vary.
Latvia has periodically revised its residency by investment program. Confirm current eligibility requirements with ITC iLand before proceeding, as program terms can change with legislative updates.
There is Always A Way