How to obtain a residence permit in Latvia through real estate purchase: current conditions 2025

Although the main focus of Latvian immigration policy today is investment in company share capital, the residence permit program through real estate purchase still exists. However, its conditions have become stricter compared to what was offered before 2014. Nevertheless, for some investors — especially those interested in acquiring liquid assets — this path remains relevant.

In this article, we will explain who the program is suitable for, what requirements the state imposes, and what risks should be considered.

⚖️ Legal basis: is it currently possible to obtain a residence permit through real estate purchase?

Yes, it is possible.

• The program is active, but with a number of strict conditions:
• Real estate must be only in Riga, Jūrmala, or the largest cities (Daugavpils, Liepāja);
• The property must be residential and owned by a single owner;
• It must not be encumbered by a loan or used as collateral;
• The investor must acquire no more than one property;
• Minimum property value — €250,000;

A government fee of 5% of the property value must be paid.

📝 Additional conditions for obtaining a residence permit

To apply for a residence permit, it is also necessary to:

• Provide a certificate of no criminal record from your country;
• Confirm the presence of an insurance policy for the entire residence permit period;
• Confirm sufficient income — from €1,700 per month (or €20,400 per year);
• Open an account in a Latvian bank (for paying fees and holding remaining funds);
• Attend an interview at the embassy or OCMA;

📍 Which properties qualify for a residence permit?

Not all real estate on the market qualifies for the program. It is necessary to ensure that the property:

• has a registered market value of at least €250,000;
• is in proper technical condition;
• has a clean legal history — without encumbrances, liens, or debts;
• is sold with a complete set of documents, including appraisal, cadastral number, and ownership history;

It should also be noted that if the property is resold within the first 5 years, the residence permit will be revoked if a new suitable property is not purchased.

🧠 Residence permit is not permanent residence or citizenship

Purchasing real estate gives a temporary residence permit for 5 years (with annual confirmation). It does not automatically grant permanent residence or citizenship. For this, it is necessary to:

• reside in Latvia permanently (at least 183 days per year);
• have knowledge of Latvian;
• pass an integration exam and confirm financial independence.

📈 Alternative: investment in company share capital

For those who do not want to “freeze” €250,000 in real estate, there is a more accessible alternative:

• Investment from €50,000 in a company, plus a €10,000 fee;
• Flexibility: no need to reside in the country;
• Possibility of partial return after 5 years;

Participation in real business, with dividends and reporting.

Conclusion

The residence permit program through real estate purchase in Latvia is active, but it is aimed at investors with a high level of capital, ready to accept long-term commitments without flexibility. It may be a reasonable choice for those planning to actually reside in Latvia or use the property for family purposes.

If you are looking for maximum freedom, a minimal entry threshold, and participation in the economy, consider investing in company share capital as a more strategically flexible path.