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Latvia


Residence permit, Visa, Citizenship


Residence permit

Obtaining a temporary residence permit in exchange for buying a property is a major advantage. In comparison with other European countries, Latvia offers one of the most buyer-friendly programs allowing property investors, along with their spouses and children to become European citizens. This program has been in operation since 2010. So far, more than 16 000 people have received Latvian residence permits by means of property purchase. In order to obtain a residence permit you can simply buy a property to the value of €250,000. It takes one or two months for the authorities to issue the documents. Residence permit can be made after five years. It allows people to live in the territory of Latvia as many days as they want and stay in other European or Schengen Area countries up to 90 days within six months.

Citizenship

If you receive a temporary residence permit by making investments in property, you can claim  European permanent resident status, and later citizenship. Five years after obtaining a Latvian residence permit, an investor may extend it or obtaining permanent resident status for five more years. At the end of this period, an investor may become a naturalized Latvian citizen. In order to receive Latvian citizenship, a person should speak Latvian at a basic level, know fundamental notions of Latvian constitution, Latvian hymns and history. There are training courses available which assist in the process of receiving Latvian citizenship. Becoming a Latvian citizen, a person automatically becomes a citizen of European Union by virtue of the Maastricht treaty, which has been in operation since 1992. They can travel, live, and enjoy other advantages, for example getting a driving license, conducting business, and access to medical services.  If you receive a temporary residence permit by making investments in property, you can claim  European permanent resident status, and later citizenship.Five years after obtaining a Latvian residence permit, an investor may extend it or obtaining permanent resident status for five more years. At the end of this period, an investor may become a naturalized Latvian citizen. In order to receive Latvian citizenship, a person should speak Latvian at a basic level, know fundamental notions of Latvian constitution, Latvian hymns and history. There are training courses available which assist in the process of receiving Latvian citizenship.

Becoming a Latvian citizen, a person automatically becomes a citizen of European Union by virtue of the Maastricht treaty, which has been in operation since 1992. They can travel, live, and enjoy other advantages, for example getting a driving license, conducting business, and access to medical services. 


Properties in Latvia


Buy property, for sale . Latvia, Jurmala and region, Bulduri
  • ID: LV-9921
  • Luxury propery price 1 200 000 EUR 1 200 000 EUR

House • For sale

  • Property location Latvia, Jurmala and region, Bulduri
  • Area 360 m2
  • Land area 2831 m2
Buy property, for sale . Latvia, Cesis un cesu district, Amatciems ciemats
  • ID: LV-9912
  • Luxury propery price 670 000 EUR 670 000 EUR

House • For sale

  • Property location Latvia, Cesis un cesu district, Amatciems ciemats
  • Area 208 m2
  • Land area 11000 m2
Buy property, for sale . Latvia, Riga district, Adazi
  • ID: LV-9916
  • Luxury propery price 570 000 EUR 570 000 EUR

Land • For sale

  • Property location Latvia, Riga district, Adazi
  • Land area 64000 m2
Buy property, for sale . Latvia, Jurmala and region, Majori
  • ID: LV-9907
  • Luxury propery price 375 000 EUR 375 000 EUR

Apartment • For sale

  • Property location Latvia, Jurmala and region, Majori
  • Area 93.4 m2
Buy property, for sale . Latvia, Riga, Centre
  • ID: LV-9900
  • Luxury propery price 272 000 EUR 272 000 EUR

Apartment • For sale

  • Property location Latvia, Riga, Centre
  • Area 120.1 m2
Buy property, for sale . Latvia, Riga, Centre
  • ID: LV-9902
  • Luxury propery price 285 000 EUR 285 000 EUR

Apartment • For sale

  • Property location Latvia, Riga, Centre
  • Area 136 m2






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