Latvia · Residency by investment
Temporary Residence Permit for Real Estate Owners
Closed
Last verified
Closed to new applicants since 15 September 2026. Latvia's new Immigration Law has no property ground, and nothing replaced it for buyers.
This programme is closed. We keep the page up because agents still advertise it and readers still ask. Nothing below is available to new applicants.
The closure leaves property buyers with no route into Latvia. New investors need equity in an operating company, on permits of up to two years, which suits owners of a real business rather than passive buyers.
Qualifying routes
€250k
Real estate in Riga, Jurmala or listed municipalities
One functionally connected property. Cadastral value must be at least EUR 80,000, or a certified appraisal must confirm EUR 250,000.
€250k
Real estate outside the listed municipalities
Up to two properties totalling EUR 250,000, with a cadastral value of at least EUR 40,000 each.
The facts
- Minimum investment
- €250k
- Total landed cost
- Not applicable. The route is closed.
- Route type
- Residency by investment
- Physical presence
- None for the permit.
- Permanent residency
- For existing holders: five years of continuous residence, with absences of no more than six months in a row and ten months in total, plus Latvian at A2 and a course in Latvian culture and history.
- Citizenship
- Five years of permanent residence before naturalisation, so ten years from the first permit at the earliest.
- Language test
- Exams in Latvian, Latvian history, the Constitution and the text of the national anthem.
- Dual citizenship
- Not permitted. You would have to renounce.
What can go wrong
- A renewal is granted only if the holder files it while the current permit is valid and the property still meets the old terms. The state budget payment is EUR 1,000 for every year of the old and new permits together, less what was paid for the old permit.
- Latvia allows dual citizenship only with EU, EFTA and NATO states, Australia, Brazil and New Zealand. Other nationals give up their citizenship to naturalise.
- Any offer of a Latvian residence permit for buying property describes a route that no longer takes applicants.