The Buyer’s Toolkit

Essential guides and strategic assets for navigating the Latvian market.

guides for home buyers / sellers

Mapping Your Move to Latvia.

We provide a comprehensive legal and logistical framework, ensuring your property acquisition and residency permit are executed with unwavering precision.

1

The Residency Threshold

o qualify for a Latvian residence permit via real estate, the minimum investment remains €250,000, plus a 5% state fee.

2

Bank-Only Transactions

Cash is not permitted. All property payments must be made via bank transfer to meet strict anti-money laundering (AML) and residency requirements.

3

Legal Partnership

Our collaboration with seasoned Latvian attorneys ensures that your title is clear and your permit application is filed with meticulous accuracy.

Faq

answers to your common questions

What is the minimum real estate investment for residency?

A: As of 2026, the minimum purchase price is €250,000. Additionally, the property’s total cadastral value must be at least €80,000.

What are the additional state fees for the "Golden Visa"?

A: Upon the first application, investors must pay a state budget fee equal to 5% of the property’s purchase price.

Are there restrictions on the type of property I can buy?

A: Yes. Foreigners cannot purchase agricultural or forest land for residency. Properties must be functionally developed (e.g., houses or apartments).

Can my family be included in the residency application?

A: Yes. The main applicant’s spouse and minor children are eligible to apply for residence permits simultaneously under the same investment.

How long does the residency permit process typically take?

A: The standard processing time is 30 to 90 days, depending on the complexity of the file and the chosen fast-track options.

Are there specific financial requirements for my bank account?

A: All property transactions must be conducted via a cashless bank transfer from a licensed credit institution. Investors must also prove available subsistence funds—at least €18,000 annually for a single applicant—held in a verifiable account.

What is the path from a temporary permit to permanent residency?

A: After five years of temporary residency, you may apply for Permanent Resident status. This requires having resided in Latvia for at least four out of the five years and demonstrating A2-level proficiency in the Latvian language.