Residence permit, Visa, Citizenship

Benefits of obtaining a residence permit in Latvia when buying real estate

- Relatively low entry threshold: the minimum investment in real estate is 250 thousand euros;

- No obligation to reside in the country;

- Issued to all family members;

- Instant terms of consideration - from five days;

- Issued for 5 years with the possibility of extension;

- For non-EU residents: the ability to issue invitations to close relatives for a visa to Latvia;

- Freedom of movement within the Schengen countries;

- Simplified visa processing for England, Ireland, Canada and the USA;

*Until July 1, 2023, a residence permit in Latvia is not issued to citizens of Russia and Belaru

Investor Requirements:

Age from 18 years old.
No convictions.
Absence of debts to the tax service.

Absence of serious diseases (for example, tuberculosis in an open form).
Availability of funds confirming the solvency of the investor (from 24 thousand euros per year for a family of three people).

Investor's expenses:

The investor must purchase one residential or commercial property in a major city in Latvia or two properties in a small town or village for an amount of at least 250 thousand euros.

Mercury Group experts will not only offer guidance on legal support matters but also extend a comprehensive concierge service to our investors.

In the first case, the cadastral value of the object is from 80 thousand euros, in the second - from 40 thousand euros for each. The one-time state fee is 5% of the value of the object (12.5 thousand euros for an object worth 250 thousand euros).