Would like to receive the best website experience? Agree to our Cookie policy
Fast, free and convenient selection of real estate in Latvia

Property search in Latvia

Residence permit in Latvia, through the purchase of real estate is the fastest, easiest and cheapest way to get an attractive investment object in a steadily developing country and travel freely throughout the EU countries.

Thanks to amendments to the Immigration Law adopted in July 2010, in exchange for property investments, foreign buyers may obtain a temporary residence permit and a Schengen visa for 5 years, which gives them the right to travel freely throughout the European Union and Schengen area countries, as well as being able to stay in the country for an indefinite period of time.

NOTES ON OBTAINING A TEMPORARY RESIDENCE PERMIT

- The law only applies to purchases of real estate completed after 1 July 2010.

- On 1 September 2014, amendments to the Immigration Law were enacted, concerning an increase of the amount of real estate necessary to obtain a residence permit.

- A residence permit for up to 5 years may be requested by persons investing at least 250,000 euros in one real estate property in Rīga, Jūrmala, the Rīga Region or provincial cities, as well as throughout the territory of Latvia – the cadastral value of such properties must be at least 80,000 euros, or, if lower, a property valuation is necessary to confirm compliance of the transaction amount with the market value.

- A proposal was approved to pay 5% of the transaction amount, when first requesting a residence permit, to the Latvian national budget starting on 1 September 2014.

- The real estate may not be composed of agricultural land or forest, and must be a developed property. Nevertheless, it is worth noting that foundation or non-commissioned buildings are considered as a development; however, such a building must be registered in the Land Register.

- There must be no real estate tax debts.

- The total transaction amount must be paid via a bank transfer payment.

- The property must be purchased from a legal (taxpayer’s) entity – registered in the Republic of Latvia, a European Union member state, a European Economic Community member state or a Swiss Confederation, according to the procedure established by the tax legislation of the Republic of Latvia; or from an individual who is a citizen of Latvia, or a non-citizen of Latvia but a citizen of the European Union, or a foreigner residing in Latvia on the basis of a residence permit.
 

ADVANTAGES

- Together with a foreign national, applications for a residence permit may also be submitted by:

1. the foreign national’s spouse;
2. their underage (in their custody) children;
3. persons under their guardianship.

- A Latvian residence permit is issued with a right of renewal.

- For individuals obtaining a Latvian temporary residence permit, the minimum annual period of residing inLatviais not specified by law.

- The Latvian residence permit entitles an individual to travel throughout the Schengen area.

- The residence permit entitles an individual to work inLatvia.

- After the expiry of a Latvian temporary residence permit, the property owner and their family are entitled to apply for a permanent residence permit.

- After the property owner obtains a permanent residence permit, his relatives to the third generation may also apply for a Latvian temporary residence permit, for up to 6 months per calendar year.

Since Latvia is a European Union member state and is party to the Schengen agreement, property owners, investors performing commercial activities in Latvia, businessmen and their employees, as well as their family members, are able to obtain a long-term Schengen visa for up to 5 years.

For foreign investors (both those performing commercial activities and those investing in real estate) this is a very big advantage, since, thanks to the new law, they may freely travel throughout Europe for 5 years.

Documents necessary for obtaining a temporary residence permit for up to 5 years:

To obtain a temporary residence permit, you must produce a valid travel document recognised by the Republic of Latvia – (i.e., a passport valid for a further 1.3 years from the date of receiving the insert), as well as the following documents:

- a standard residence permit application form;

- a photo;

- a criminal record report issued by the competent authority of the country of nationality or residence (for foreign citizens over 14 years old) if the foreigner has resided there for more than 12 months – the report must be legalised in the Republic of Latvia;

- a document confirming the provision of the necessary subsistence level in Latvia for 1 year (i.e. a bank statement);

- a document confirming the planned place of residence in the Republic of Latvia;

- a document confirming the real estate purchase payment made in the form of a bank transfer;

- a document stating the compliance of the property market value with the requirements of Section 23, Part One, Clause 29 of the Immigration Law, if the cadastral value of the purchased real estate does not match the value specified by Section. 23, Part One, Clause 29.d of the Immigration Law;

-  a document confirming that the foreigner has no real estate tax debts, if the property has been in their ownership for more than one year;
- a payment document confirming the payment of the state duty.

When obtaining a temporary residence permit, a foreign citizen must produce:

-  a health insurance policy valid for one year;

-  a certificate indicating the absence of tuberculosis in an active phase, issued by a Latvian Health Care Institution.

If the documents were submitted outside of Latvia:

-  after making the decision, the foreign citizen will be issued with a long-term visa, and after arriving in Latvia they must apply to the Office of Citizenship and Immigration Affairs in order to obtain a temporary residence permit.

IMPORTANT

A decision to issue a temporary residence permit is valid for three months. If a foreign citizen has not received a decision within this term, the whole procedure must be repeated.

The temporary residence permit insert will be issued for one year, and 30 days before its expiry a foreign citizen must submit the following documents for re-registration of the residence permit:

- a health insurance policy valid for the next year;
- a local government certificate for the payment of real estate tax;
- a document confirming the payment of the state duty.

Foreign citizens should submit documents to apply for a residence permit to:

1) The Office of Citizenship and Immigration Affairs in Latvia, if:

• they are citizens of a country having a visa-free regime with the Republic of Latvia;

or

• they already reside in Latvia, or in another country which is party to the Schengen Agreement, with a valid residence permit which will expire after more than 30 days.

2) In other cases, to the diplomatic or consular mission of the Republic of Latvia outside of the Schengen Territory.
 

Sort by: 
Sort by:
.

Long term rent
ID 4066

Riga district / Pinki / Saliena village

New project

Size: 200m 200 m2

Floor: 
              	              	              	2 2

Rooms: 4 4

: 1 300m 1 300

Rooms: 4 4

: 1 300m 1 300

Rented out

To buy
ID 21704

Jurmala and region / Bulduri / Bulduru Prospekts (Bulduri)

Detached house

Size: 279m 279 m2

Floor: 
              	              	              	3 3

Rooms: 6 6

: 510m 510

Rooms: 6 6

: 510m 510

854 000 EUR

To buy
ID 21710

Jurmala and region / Bulduri / Rezeknes Pulka

Size: 330m 330 m2

Floor: 
              	              	              	3 3

Rooms: 7 7

Bathrooms: 7 7

: 780m 780

Rooms: 7 7

Bathrooms: 7 7

: 780m 780

650 000 EUR

To buy
ID 20953

Riga district / Pinki / Saliena village / Cirulu

New project

Size: 130m 130 m2

Floor: 
              	              	              	2 2

Rooms: 3 3

: 300m 300

Rooms: 3 3

: 300m 300

260 000 EUR

Long term rent
ID 21899

Riga district / Pinki / village Pinki Home / Pakrastu

Detached house

Size: 223m 223 m2

Floor: 
              	              	              	2 2

Rooms: 4 4

: 1 266m 1 266

Rooms: 4 4

: 1 266m 1 266

3 500 EUR

To buy
ID 21830

Jurmala and region / Melluzi / Virsu

Size: 470m 470 m2

Floor: 
              	              	              	2 2

Rooms: 6 6

Bathrooms: 5 5

: 3 932m 3 932

Rooms: 6 6

Bathrooms: 5 5

: 3 932m 3 932

2 500 000 EUR

To buy
ID 1902

Jurmala and region / Asari / Rubenu

Detached house

Size: 300m 300 m2

Floor: 
              	              	              	2 2

Rooms: 5 5

: 2 500m 2 500

Rooms: 5 5

: 2 500m 2 500

750 000 EUR

To buy
ID 5258

Riga district / Baltezers / Laimas

Size: 423m 423 m2

Floor: 
              	              	              	- -

Rooms: 7 7

: 1 436m 1 436

Rooms: 7 7

: 1 436m 1 436

460 000 EUR

Never Miss a Story!

Subscribe to our newsletters and get the top real estate news.


Contact us

By submitting a message, you agree to the User's Agreement