|Minimum investment:||EUR 250’000 + 5% of the value of real estate.|
|Time to complete program:||1 – 2 months depending on your citizenship.|
|Restrictions on the invested funds:||You can not sell a property during first 5 years as long as you wish to maintain your temporary residence permit.|
|Type of a Residency:||Initially, you will obtain the Temporary Residency permit (TRP) for 5 years by renewing it annually.|
|Who can apply:||All non-EU citizens without criminal records.|
|Work Permit:||Yes, employment will be allowed. Certain conditions apply.*|
Worth to note
✓ By applying for Residence Permit you shall present provision of necessary funds per month to reside in Latvia for upcoming year:
|Main applicant:||1080 EUR/month|
|For each children:||216 EUR/month|
Example: If your family consists of 3 people – you, spouse and 1 children,
then you should provide bank statement or travel cheques in amount of 19’872 EUR
✓ You are not allowed to buy property by cash. Only bank wire transfer!
✓ There are no restrictions on property use in anyway that is legal.