{"id":759,"date":"2021-04-19T12:10:56","date_gmt":"2021-04-19T12:10:56","guid":{"rendered":"http:\/\/www.immigration-residency.eu\/blog\/?p=759"},"modified":"2021-07-14T18:38:45","modified_gmt":"2021-07-14T18:38:45","slug":"get-a-latvian-residentship-by-purchasing-real-estate","status":"publish","type":"post","link":"http:\/\/www.immigration-residency.eu\/blog\/get-a-latvian-residentship-by-purchasing-real-estate\/","title":{"rendered":"Latvian Residence by Purchasing Real Estate"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\" style=\"font-size:18px\">Latvia provides an active program for granting a residence permit in Europe (EU). You can get a Latvian Residence by purchasing real estate easily and fast. This makes Latvia particularly attractive to investors. Latvia has a relatively low chance of obtaining a temporary residence permit, given the acquired rights and opportunities in comparison with other European states. <br><\/p>\n\n\n\n<figure class=\"wp-block-gallery aligncenter columns-1 is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"http:\/\/www.immigration-residency.eu\/blog\/wp-content\/uploads\/2021\/04\/ivars-utinans-OG94t16Q68Q-unsplash-1-1024x768.jpg\" alt=\"Latvian Residence by real estate\" data-id=\"761\" data-full-url=\"http:\/\/www.immigration-residency.eu\/blog\/wp-content\/uploads\/2021\/04\/ivars-utinans-OG94t16Q68Q-unsplash-1-scaled.jpg\" data-link=\"http:\/\/www.immigration-residency.eu\/blog\/get-a-latvian-residentship-purchasing-real-estate\/ivars-utinans-og94t16q68q-unsplash-1\/\" class=\"wp-image-761\" srcset=\"http:\/\/www.immigration-residency.eu\/blog\/wp-content\/uploads\/2021\/04\/ivars-utinans-OG94t16Q68Q-unsplash-1-1024x768.jpg 1024w, http:\/\/www.immigration-residency.eu\/blog\/wp-content\/uploads\/2021\/04\/ivars-utinans-OG94t16Q68Q-unsplash-1-300x225.jpg 300w, http:\/\/www.immigration-residency.eu\/blog\/wp-content\/uploads\/2021\/04\/ivars-utinans-OG94t16Q68Q-unsplash-1-768x576.jpg 768w, http:\/\/www.immigration-residency.eu\/blog\/wp-content\/uploads\/2021\/04\/ivars-utinans-OG94t16Q68Q-unsplash-1-1536x1151.jpg 1536w, http:\/\/www.immigration-residency.eu\/blog\/wp-content\/uploads\/2021\/04\/ivars-utinans-OG94t16Q68Q-unsplash-1-2048x1535.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/li><\/ul><\/figure>\n\n\n\n<h2 class=\"has-text-align-center wp-block-heading\">The conditions of the program<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:18px\">Latvia is one of the few European countries that has a whole set of unique factors that distinguish it from several other European countries. You can obtain a residence permit in Latvia by purchasing one property with a sales value of at least 250,000 euros (or at least 80,000 euros at the cadastral value).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:18px\">In this case, it is necessary to take into account that if the cadastral value of the acquired object is below 80,000 euros. A certified expert assessment of the acquired property is required, which will confirm its actual market value from 250,000 euros.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large is-layout-flow wp-block-quote-is-layout-flow\"><p>The condition for the purchase of one property worth over 250,000 euros applies to real estate with a territorial location in the Riga region and its territorial development plan (Riga, Jurmala, Babite, Marupe, Baltezers, Adazi, Saulkrasti, other districts, and cities).<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:18px\">Moreover, you can purchase two real estate objects for a total amount of at least 250,000 euros, with the value of each object at least 125,000 euros (or at least 40,000 euros of cadastral value), which are located outside the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Riga_District\" target=\"_blank\" rel=\"noreferrer noopener\">Riga district<\/a> and its development plan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:18px\">At the same time, the rule of the possibility of acquiring two real estate objects does not apply to undeveloped land plots.<br><\/p>\n\n\n\n<h2 class=\"has-text-align-center wp-block-heading\">Invest in real estate&nbsp;<\/h2>\n\n\n\n<ul class=\"wp-block-list\" style=\"font-size:18px\"><li>The period for getting a Latvian Residentship by purchasing real estate is 5 (five years) with the need for annual confirmation of the issued permit.<\/li><li>The purchase of a property should be made only by bank transfer.<\/li><li>The investor should not have debts to the state for the payment of real estate tax.<\/li><li>Real estate must be purchased from a natural or legal person directly related to the Republic of Latvia, the European Union, the European Economic Area, or the Swiss Confederation, or from a foreigner holding a valid residence permit in Latvia.<\/li><li>The real estate must not include agricultural land or forest land.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read also: <a href=\"http:\/\/www.immigration-residency.eu\/blog\/get-a-residence-permit-real-estate-in-europe-tips\/\">How to get a residence permit for real estate in Europe: Useful tips for buyers<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:18px\"><br>When choosing this option for investing money &#8211; buying real estate in Latvia for a residence permit &#8211; it is necessary to take into account the size of the state fee, which must be paid to the state treasury for obtaining a residence permit in the amount of 5% (five percent) of the value of the acquired property.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:18px\">It is possible to submit documents for a residence permit both through the Latvian embassy in the country at the place of residence of the investor and directly in Riga.<br><\/p>\n\n\n\n<h2 class=\"has-text-align-center wp-block-heading\">Advantages of Residence of Latvia<br><\/h2>\n\n\n\n<figure class=\"wp-block-gallery aligncenter columns-1 is-cropped wp-block-gallery-2 is-layout-flex wp-block-gallery-is-layout-flex\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img decoding=\"async\" width=\"1024\" height=\"599\" src=\"http:\/\/www.immigration-residency.eu\/blog\/wp-content\/uploads\/2021\/04\/christian-lue-8Yw6tsB8tnc-unsplash-2-1024x599.jpg\" alt=\"EU residence\" data-id=\"763\" data-full-url=\"http:\/\/www.immigration-residency.eu\/blog\/wp-content\/uploads\/2021\/04\/christian-lue-8Yw6tsB8tnc-unsplash-2-scaled.jpg\" data-link=\"http:\/\/www.immigration-residency.eu\/blog\/get-a-latvian-residentship-purchasing-real-estate\/christian-lue-8yw6tsb8tnc-unsplash-2\/\" class=\"wp-image-763\" srcset=\"http:\/\/www.immigration-residency.eu\/blog\/wp-content\/uploads\/2021\/04\/christian-lue-8Yw6tsB8tnc-unsplash-2-1024x599.jpg 1024w, http:\/\/www.immigration-residency.eu\/blog\/wp-content\/uploads\/2021\/04\/christian-lue-8Yw6tsB8tnc-unsplash-2-300x176.jpg 300w, http:\/\/www.immigration-residency.eu\/blog\/wp-content\/uploads\/2021\/04\/christian-lue-8Yw6tsB8tnc-unsplash-2-768x449.jpg 768w, http:\/\/www.immigration-residency.eu\/blog\/wp-content\/uploads\/2021\/04\/christian-lue-8Yw6tsB8tnc-unsplash-2-1536x899.jpg 1536w, http:\/\/www.immigration-residency.eu\/blog\/wp-content\/uploads\/2021\/04\/christian-lue-8Yw6tsB8tnc-unsplash-2-2048x1198.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/li><\/ul><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:18px\">Since Latvia is a member of the European Union and is a member of the Schengen Agreement, property owners, investors doing business in Latvia, businessmen, and their employees, as well as their family members, have the opportunity to obtain a long-term Schengen visa for up to 5 years. For foreign investors get a Latvian Residentship by purchasing real estate is a lucrative solution.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"http:\/\/www.immigration-residency.eu\/blog\/residence-permit-in-latvia-through-a-bank-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\">Residence permit in Latvia through a bank loan<\/a><\/li><li><a href=\"http:\/\/www.immigration-residency.eu\/blog\/advantages-of-living-in-latvia\/\" target=\"_blank\" rel=\"noreferrer noopener\">Advantages of Living in Latvia<\/a><\/li><li><a href=\"http:\/\/www.immigration-residency.eu\/blog\/open-a-business-in-latvia-get-a-residence-permit-in-2021\/\" target=\"_blank\" rel=\"noreferrer noopener\">Open a Business in Latvia: Get a Residence permit in 2021<\/a><\/li><li><a href=\"http:\/\/www.immigration-residency.eu\/blog\/higher-education-in-latvia-study-in-europe\/\" target=\"_blank\" rel=\"noreferrer noopener\">Higher education in Latvia: Study in Europe<\/a><\/li><li><a href=\"http:\/\/www.immigration-residency.eu\/blog\/obtain-a-residence-permit-based-on-work-in-latvia-in-2021\/\" target=\"_blank\" rel=\"noreferrer noopener\">Latvia: Obtain the EU residence based on work in 2021<\/a><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"GOLDEN VISA in LATVIA: European Residence by Purchase a Real Estate\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/L-4j9RnK6E8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><figcaption>Golden Visa in Latvia<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Latvia provides an active program for granting a residence permit in Europe (EU). You can get a Latvian Residence by purchasing real estate easily and fast. This makes Latvia particularly attractive to investors. Latvia has a relatively low chance of obtaining a temporary residence permit, given the acquired rights and opportunities in comparison with other [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1157,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95],"tags":[11,24,22,23],"class_list":["post-759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-golden-visa","tag-golden-visa","tag-latvia","tag-latvian-residentship","tag-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Latvian Residence by Purchasing Real Estate - Immigration residency blog<\/title>\n<meta name=\"description\" content=\"Would You Like to Live in the EU? 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