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Real estate owner residence permit

If you wish to apply for a residence permit in the Republic of Latvia, you may purchase a functionally real estate in Riga or Jurmala, or in Adazi, Babite, Baldone, Carnikava, Garkalne, Ikskile, Kekava, Marupe, Olaine, Ropazi, Salaspils or Stopini municipalities.

The total value of the real estate must be at least EUR 250,000, or outside the said administrative territories – no more than two immovable properties (with exception of the cases when the immovable property represents a vacant land) and each of them represents one functionally connected immovable property, total value whereof is at least EUR 250,000.

Dependents may be included in the application.

The residence permit will have a validity not exceeding 5 years. After that period, you may renew your residence permit if you still fulfill the requirements or you may apply for a permanent residence permit. Language skills and significant physical residency in the country for 5 years may be required for permanent residency.

Foreigners who hold a permanent residency permit and have been living in Latvia for 5 years, may apply for citizenship if fulfill certain conditions.


- You have no real estate tax debts,
- The payment of the total real estate value has been made by non-cash settlement,
- The real estate has been purchased from a legal entity registered in the Republic of Latvia or a Member State of the European Union, any country of the European Economic Area or the Swiss Confederation and which is a taxpayer in the Republic of Latvia within the meaning of the tax laws of the Republic of Latvia; or the real estate has been purchased from a natural entity who is a citizen of the Republic of Latvia, a non-citizen of the Republic of Latvia, a citizen of the European Union or a foreigner who is staying in the Republic of Latvia on the basis of a valid residence permit.
- The total cadastral value of the real estate is at least EUR 80 000 at the moment of purchase. If a foreigner has acquired two immovable properties outside Riga or Jurmala, or in Adazi, Babite, Baldone, Carnikava, Garkalne, Ikskile, Kekava, Marupe, Olaine, Ropazi, Salaspils or Stopini municipalities, cadastral value of each immovable property at the time of acquisition thereof shall be at least EUR 40 000. If the cadastral value is below the amounts referred to in this sub-clause, the total value of the real estate in accordance with the real estate market value determined by a certified real estate appraisal shall not be below EUR 250,000 or, if a foreigner has acquired two immovable properties – market value of each immovable property may not be less than EUR 125,000.
- Upon applying for a first temporary residence permit, the person must pay 5% of the real estate purchase value into the state budget;
- The real estate must not comprise agricultural land or wooded land.
- If you are accompanied by your spouse and a minor child or a child in your custody, they must submit additional documents confirming kinship, as well as a consent to stay in the Republic of Latvia issued by the parent that does not accompany the child during the travel. The abovementioned consent must have a notary’s certification or it must be signed in the presence of an official of the Office or representation.
- Health Insurance
- An opinion of a certified real estate appraiser regarding the conformity of the real estate market value to the value referred to in the Paragraph 29 of the Article 23 (1) of the Immigration Law if the cadastral value of the real estate fails to comply with the value referred to in the Paragraph 29 (d) of the Article 23 (1) of the Immigration Law;

Restricted Nationalities

No nationality is officially restricted

dual citizenship

Dual citizenship is recognized in Latvia. You are not required to renounce your previous nationality to become a citizen of Latvia.

Documents Required

  • Proof of income
  • Original and photocopy of passport
  • One passport-size photo
  • Evidence of Health Insurance
  • Evidence of Residential Address
  • Receipt of payment of fees
  • Proof of Payment of Real Estate
  • dual citizenship Yes
  • Family members included Yes
  • land ownership Yes
  • Physical residence required No
  • Personal visit required Yes
  • Language skills required No
  • Interview required No
  • Investment Single €250,000
  • Investment Family 4 €250,000
  • Minimum annual income -
  • Time to citizenship 72
  • Time to permanent residency 60
  • Visa-free countries 165
  • Financing available No


government fees main applicant €10,000

Country details

The Republic of Latvia is a sovereign member of the European Union, with capital in Riga, which covers 64,589 km² of surface and has a total population of 2,070,371 inhabitants. It is located in northern Europe, is one of the Baltic countries and borders to the north with Estonia, to the south with Lithuania, to the east with Russia and Belarus, and to the west with the Baltic Sea. It is a country of low plains populated by extensive forests.

Latvia was again independent after 1991, after the dissolution of the Soviet Union. Since that year he has been a member of the United Nations (UN) since 2004 of the European Union (EU) and NATO, and since 2016 he has been a member of the OECD. Currently the country is a democratic parliamentary republic divided into 120 municipalities (90 municipalities and 30 cities).

The country adopted the euro as its official currency on January 1, 2014.

Visa Free Travel

With your new passport from Latvia you'll be able to access 165 countries visa free


To be a tax resident in Latvia, an individual must have his or her permanent place of residence in Latvia or be present in Latvia for 183 days or more in any 12-month period.

Residents are subject to tax on their worldwide income, while non-residents pay taxes in their income derived from Latvia.
Employment income and business income are taxed at 23%, capital gains at 15% and investment income at 10%.

Income from controlled foreign entities (cfc) is subject to personal income tax at 23%. A foreign entity is deemed to be a cfc when a Latvian tax resident holds at least 25% of equity, stock, or voting power.

Real property tax is levied at 1.5% of the cadastral value of land and buildings. Residential properties are taxed between 0.2% and 0.6%. Unused agricultural land is taxed at 3%.

A stamp duty is levied on the higher of sales price or cadastral value when real property is registered in the land register, capped at EUR 42,686.

The standard V.A.T. rate is 21%. A reduced 12% rate applies to certain goods and services.

There are no taxes on inheritances and personal wealth in Latvia.
Regarding corporate taxation, resident entities are subject to a 15% tax on their worldwide income.

  • Property tax Yes
  • Transfer tax Yes
  • Inheritance tax No
  • Net worth tax No
  • CFC law Yes
  • Tax residency days 183
  • Personal income tax rate 23%
  • Capital Gains tax rate 15%
  • Investment income tax rate 10%
  • Territorial taxation No


Flag Theory | Passports.IO and our qualified lawyer in Latvia, will handle all paperwork, and guide you through each step of the process to ensure that it is as fast, efficient and pain free as possible.

First, our lawyers will conduct a due diligence check on you to ensure that you are eligible, meet the criteria to apply for the program and your application will be approved.

We will send you the application forms and provide assistance to complete the questionnaires, translate and authenticate documents.
You will need make your investment to get your application approved.

If required, Flag Theory | Passports.IO may introduce you to several real estate agents in Latvia, to find the investment that best suit your needs. After, you must apply for an Investor visa at any embassy or consulate.

Once the investment is made, fees are paid and your application is approved, you will get the visa. After that, you must apply for a residence permit in Latvia. The whole application process takes within 1-3 months.

Any time there is a change or new citizenship or residency by investment program, we'll send you an update via email. Your email will not be shared.