Latvia•EuropeGolden Visa - Real Estate Investment (Investīciju uzturēšanās atļauja - nekustamais īpašums)
At a Glance
5 days – 1 month
EUR €12,650
Up to 5 years
Renewable
Renewal
Renewable
Family
Dependents allowed
PR Pathway
Yes
Sponsor
No job offer needed
Work
Remote not required
Overview
Latvian temporary residence permit for foreigners investing at least EUR 250,000 in qualifying real estate; 5-year permit, renewable, PR pathway.
Latvia's Real Estate Investment residence permit, issued by the Office of Citizenship and Migration Affairs (PMLP) under Section 23(1)(29) of the Immigration Law, grants a temporary residence permit to foreigners who purchase qualifying Latvian property worth at least EUR 250,000 with a cadastral floor of EUR 80,000.
The permit runs up to 5 years, is renewable while the investment is maintained, and offers a path to permanent residence. Applicants pay a one-off 5% state contribution on the property value plus a 150 EUR review fee (300/450 EUR expedited). Subsistence proof of 1,500 EUR/month is required (plus 500/adult, 150/minor for family). Spouses may work without restriction.
This visa is ideal for high-net-worth investors seeking a Schengen residence base via Latvian property; Russian and Belarusian nationals are barred from new investment-route permits.
Cost Breakdown
Conversion Paths
Visas you can typically switch to from this status.
LatviaPermanent Residence Permit (Pastāvīgās uzturēšanās atļauja)
Requirements
PUBLISHED REQUIREMENTS
Purchase qualifying Latvian real estate with total value at least EUR 250,000
Property cadastral value at least EUR 80,000 (EUR 40,000 per property if two properties outside Riga/Jurmala/listed municipalities), else certified appraisal confirming market value
No real estate tax debts
Real estate paid for by non-cash settlement
Real estate purchased from a Latvian/EU/EEA/Swiss-registered legal entity or qualifying natural person
Property is not vacant land, agricultural land or forest land
Pay 5% of the real estate purchase value into the state budget upon first TRP
Subsistence of EUR 1,500/month sole applicant (plus EUR 500/month per accompanying adult, EUR 150/month per accompanying minor)
Valid passport and criminal record certificate (if resided abroad >12 months and aged 14+)
KEY CRITERIA
Min. Income
18,000 EUR/yr
Investment
250,000 EUR
REQUIRED DOCUMENTS
Full copy of passport
Residence permit application form
Photograph
Document certifying necessary subsistence (1,500 EUR/month sole applicant; +500/adult, +150/minor)
Document confirming non-cash payment for the real estate
Confirmation of no real estate tax debts if property owned >1 year
Certified real estate appraisal if cadastral value falls below thresholds
Criminal record/punishability statement from country of citizenship or 12+ month residence (foreigners 14+)
Proof of state fee payment
Kinship documents and notarised parental consent (if accompanying spouse/minor child)
Advantages & Considerations
Key Benefits
- 5-year temporary residence permit, renewable while the EUR 250,000 property is held
- Schengen-area travel rights for the holder and dependants
- Family reunification: spouse and minor children may join
- Spouse can work in Latvia without a separate permit
- Pathway to EU long-term resident status / permanent residence
- No Latvian language requirement at the initial TRP stage
- Modest 150 EUR review fee with 5 / 10 working day expedited options
- No physical-presence requirement during the permit term
Worth Knowing
- One-off 5% state contribution on the property value (e.g. EUR 12,500 on a EUR 250,000 property)
- Property must be paid by non-cash settlement and meet cadastral or appraisal value floors
- Agricultural land, forest land and vacant land do not qualify
- Subsistence proof of EUR 1,500/month (plus EUR 500/adult, EUR 150/minor) required
- A2 Latvian language test required later to progress to permanent residence
- Russian and Belarusian nationals cannot obtain new investment-route residence permits (since 2022 amendments)
- Requires at least EUR 250,000 invested in qualifying Latvian real estate plus 5% state contribution
Application Process
Identify qualifying real estate worth at least EUR 250,000 with cadastral value of at least EUR 80,000 (or two properties outside Riga/Jurmala/listed municipalities at EUR 40,000 each)
Purchase the property from a Latvian/EU/EEA/Swiss-registered legal entity or qualifying natural person via non-cash settlement
Pay 5% of the real estate purchase value into the state budget
Gather supporting documents
passport, application form, photo, subsistence proof, non-cash payment proof, tax-debt clearance, criminal record certificate, state fee receipt
Submit the application to PMLP (Office of Citizenship and Migration Affairs) for review
Receive decision (30 days standard; 10 or 5 working days for higher fees)
Collect the first temporary residence permit (issued for up to 5 years)
Renew before expiry by submitting documents during permit validity or within 90 days after expiry while the investment is maintained
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