ABOUT LATVIA
Latvia is situated within Europe's Schengen Area, on the Baltic coast. Riga, its capital, was founded in 1201 and is a UNESCO World Heritage Site. Approximately half of Latvia's territory is covered by forests, offering many nature trails and parks. Latvia offers excellent transport and cultural links with both Western Europe and Russia.
Latvia is situated in Northern Europe on the Baltic Sea. Known for its rich heritage, incredible local cuisine, and stunning mix of art nouveau and medieval architecture, Latvia attracts visitors from all over the globe. The official language is Latvian, but Russian is also widely spoken by most of the population.
Riga is the cosmopolitan capital and largest city of Latvia. Moreover, it is the political, economic, and cultural center of this small but proud country. Today, more than a third of the country's population lives and works in Riga. Latvia has been a member of the UN since 1991 and a member of the EU and NATO since 2004. In 2007, Latvia joined Europe's Schengen Area, which brought significant benefits to the country's citizens and residents.
LATVIA'S REAL ESTATE INVESTMENT PROGRAM
A GATEWAY TO EUROPEAN RESIDENCY
Everything you need to know about acquiring premium real estate in Latvia and linked to the Latvia Residence by Investment Program.
Holding period of real estate
5 years
Minimum real estate investment
EUR 250,000
Type of ownership
Sole
Rental income opportunity
5%
PROPERTIES IN LATVIA
No properties found in Latvia.
BENEFITS OF THE LATVIA REAL ESTATE INVESTMENT PROGRAM
Affordability
Compared to many other European countries, Latvia offers many more affordable options, while still having fantastic amenities and quality of life.
Business-friendly tax system
Tax in Latvia is considered relatively low compared to other European countries, with corporate tax remaining low and tax exemptions for reinvesting profits.
Growing property market
The Latvia real estate market has seen steady growth and predictions are showing the same, with the demand for commercial and residential properties increasing.
EU membership
Latvia forms part of the European Union, offering investors stable and secure investment opportunities. Those with a can also travel freely throughout the EU, making it ideal for multinational businesses.
Digital nomad friendly
Latvia is extremely welcoming to digital nomads and freelancers, inviting remote workers to experience all this beautiful country has to offer on a temporary residency permit.
Fantastic rental market
Latvia is seeing a serious boom in the long- and short-term rental market, making it ideal for property owners that want to see a return on their investment.
REQUIREMENTS OF THE LATVIA REAL ESTATE INVESTMENT
- You have no real estate tax debts
- The payment of the real estate value has been made by non-cash settlement.
- The real estate has been purchased from a legal entity registered on the basis of a valid residence permit.
- The total cadastral value of the real estate is at least €80,000 at the moment of purchase.
- 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.
- Health Insurance
- An opinion of a certified real estate appraiser regarding the conformity of the real estate market value.
PROCESS – HOW IT WORKS?
Step 1
Free Initial consultation
Our specialist will evaluate your personal circumstances and will explain the requirements and process in detail
Step 2
Registration of the company
In order to start the process, we will need to buy a shelf company that has been registered for at least 12 months
Step 3
Preparing documents for a Residence permit
We'll guide you through the process and provide step-by-step instructions regarding the documents to be obtained
Step 4
Preparing applications
Our team will prepare your application and make sure every bit of it together with supporting documents fully meets the requirements
Step 5
Apply for residence in Latvia
You will receive a temporary D-Visa to enter Latvia. When you have entered to country, you will need to attend a biometrics appointment and will receive your five-year temporary residence permit.
Step 6
Following up
We will constantly follow up on your case and make sure any required information is provided during the evaluation process
Step 7
Residence permit granted!
In under 2 months from submission of the application you should be granted a residence permit and will be able to relocate and run your business
REQUEST ADVICE
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