One of the ways to obtain a temporary residence permit is real estate purchase in Latvia.

On July 1st, 2010, amendments of Latvian Immigration Law came into force providing foreign nationals for opportunity to obtain a temporary residence permit for 5 years in the Republic of Latvia and thus to travel within the Schengen Area. 

Purchase of real estate

  • in Riga, R­iga Planning Region* or in other cities of republic**, total sum of these transactions shall be nothing less than 142 300 euro
  • outside Riga, Riga Planning Region and other cities of republic, total sum of these transactions shall be nothing less than 71 150 euro

* Riga Planning Region as a territory is situated in the central part of Latvia, and megapolis thereof is Riga - the capital of Latvia. The territory of the region includes Riga, Jurmala, as well as former districts of Riga, Tukums, Ogre and Limbazi. Link to Riga Planning Region web-site:
http://www.rpr.gov.lv/karte/pasvaldibas.html
** Daugavpils, Jekabpils, Jelgava, Liepaja, Rezekne, Valmiera, Ventspils.

LATIO Ltd. OFFERS:

  • Appropriate real estate
  • Assistance in collecting and submitting of the documents required for obtaining of residence permit for Latvia 
  • Real estate management and maintenance services as well as renting out of the purchased property
  • Consultations on capital growth of a particular real estate
  • Social consultations – health care system, environment, education system in Latvia and other;
  • Resettlement service - Corstjens Worldwide Relocation Group 
  • Property refurbishment and design

LATIO is the largest leading real estate company in Latvia for already 21 years. Due to professional service provided by our employees, we have gained the trust of many customers.