Residence of Latvia.
Latvia grants a five-year, renewable temporary residence permit to investors who acquire qualifying Latvian real estate with a cadastral value of at least EUR 250,000. The property is purchased outright and registered in the applicant's name, making it a tangible asset rather than a sunk fee.
A modest one-off state fee (currently 5% of the property value) is payable on application. After ten years of legal residence the permit holder may apply for permanent residence and, in due course, Latvian — and therefore EU — citizenship subject to language and integration requirements.
Standard EU residence taxation with deferral on retained profits.
Latvia taxes residents on worldwide income at progressive personal rates and uses a unique corporate tax model that defers tax until profits are distributed. For individuals who maintain non-resident status while holding a Latvian residence permit, only Latvian-source income is taxed.
Latvia is bound by EU directives and the OECD treaty network, which provides predictable relief from double taxation for relocating professionals and entrepreneurs.
Eligibility under the EUR 250,000 real-estate route.
- ◆Aged 18 or above
- ◆Clean criminal record
- ◆Verifiable source of funds for the property purchase
- ◆Health insurance valid throughout the residence period
- ◆Spouse
- ◆Children under 18 (and dependent children under 24 in full-time education)
- ◆Single property with cadastral value of at least EUR 250,000
- ◆One-off state fee equal to 5% of the property value
- ◆Property held throughout the validity of the residence permit
- ◆Permit renewed every 5 years; PR after 5 years and citizenship pathway after 10
Day 0 to Latvian residence card in 3 – 5 months.
- Day 0
Engagement & KYC
Onboarding, KYC and property shortlisting in Riga or Jūrmala.
- Week 3 – 6
Purchase & registration
Sale-purchase agreement signed; title registered in the Land Book.
- Month 2 – 3
Residence application
Residence permit application filed with the Office of Citizenship and Migration Affairs (OCMA).
- Month 3 – 4
Biometrics in Latvia
Family travels to Latvia for biometric capture and submission.
- Month 4 – 5
Residence card
5-year residence card issued for the principal and dependants.
Request a confidential briefing on Latvia.
Our advisors will assess your eligibility, your existing residency footprint and your reporting exposure before recommending a structure.