Investing in real estate is one of the fastest and most accessible ways to obtain Latvian residency. The program allows individuals to gain temporary residency while benefiting from rental income and full Schengen access.
✔ Minimum property value: €250,000
✔ State duty: 5% of the property value
✔ No minimum stay requirement
✔ Right to rent out the property for passive income
✔ Visa-free travel across the Schengen Area
Associated Costs for Real Estate Residency
✔ Property Registration Fee: 1.5% of the property price
✔ Notary Fees
✔ Medical Insurance
✔ Proof of Financial Means:
- €2,200/month for the main applicant
- €740/month for a spouse
- €222/month per child
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✔ Real Estate Tax: 0.2–3% annually, based on cadastral value
✔ Residency Processing Fee: €160 – €560, depending on urgency
Processing Time: 1–3 months (one of the fastest real estate-based residency programs in the EU).