- Property Purchase
- Residency
- Latvia
Non-EU nationals and their family members can obtain Latvia’s Golden Residency by investing at least €250,000 in real estate.
Through this method, you can purchase a property in one of the most peaceful countries in Northeastern Europe, a market that, according to the latest EU official reports, is experiencing significant growth. It may surprise you, but EMAAR, the company behind many major real estate projects in Dubai, has recently launched a massive real estate project in Latvia’s capital, Riga, following its major developments in Istanbul.
About Latvia
Latvia is a Baltic country in Northern Europe, bordered by Estonia, Lithuania, Russia, and Belarus, and connected to the Baltic Sea on the west. Its capital, Riga, is the largest city, renowned for its stunning architecture, rich history, and vibrant culture.
With a population of approximately 1.9 million, Latvia boasts pristine nature, including lush forests, beautiful lakes, and sandy beaches. It regained independence from the Soviet Union in 1991 and has since become a member of the EU and NATO, progressing economically and technologically. Latvia also prides itself on folk music, traditional festivals, and a deep cultural heritage.
How Can You Obtain Latvia's Golden Residency?
By purchasing a property worth at least €250,000 anywhere in Latvia, you can obtain a Latvian Golden Residency Card, granting access to the EU and Schengen Zone.
By depositing a minimum of €280,000 in a Latvian bank, you can also qualify for the Golden Residency Card.
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The main applicant
Their spouse
Children under 18
- Valid Passport – A valid passport is mandatory.
- Real Estate Purchase – The property must be worth at least €250,000.
- Government Fee – A one-time €12,500 fee (5% of the property’s value) must be paid.
- Financial Stability – Applicants must provide proof of financial stability.
- Source of Income – Documents proving the source of income are required.
- Clean Criminal Record – A clear background check is necessary.
- Legal Fees – Legal processing fees must be covered.
If your family has special conditions...
Our experts at White Bird are ready to assist you. You can contact us and receive free consultation for your immigration needs.
Key Benefits of Latvia’s Golden Residency
Apply for your entire family at once
Property value appreciation over time
Rental income from the purchased property
Latvia (Schengen) Residency
Eligibility for Latvian citizenship after 7 years
Access to international and Latvian schools for your children
Additional Benefits of Latvian Residency
Timeline
Step 1: Contract Signing
Consult White Bird's experts and sign the agreement.
Step 2: Property Registration
the property purchase and registration.
Step 3: Property Ownership Confirmation
You must travel to Latvia to receive your official property documents.
Step 4: Residency Card Issuance
Approximately 1 month later, you will receive your Golden Residency Card.
Around 6 Months
Latvia’s Golden Visa Program: A Smart Investment
Latvia’s Golden Residency Program, introduced in 2010, offers a 5-year temporary residency through various investment methods, with real estate investment being the most popular.
✅ Minimum €250,000 investment grants temporary residency
✅ Includes spouse & children under 18
✅ No language or residency requirements
✅ Visa-free travel across the Schengen Zone
Why Invest in Latvia?
Latvia has a stable, growing economy and offers numerous investment opportunities. Its strategic location in the Baltic region makes it a gateway between Eastern and Western Europe. With modern infrastructure, a skilled workforce, and attractive tax policies, Latvia is an ideal investment destination.
✅ Thriving Economy
✅ Strategic Business Location
✅ Low Living Costs
✅ High Standard of Living
Living in Latvia
Living in Latvia combines rich culture, pristine nature, and modern amenities. Cities like Riga offer stunning architecture, high-quality services, and affordable living costs, making them ideal for migrants and investors.
Other Investment Options for Residency
Besides real estate, investors can obtain Latvian residency through:
✔️ Company registration & business investment
✔️ Bank deposits (€280,000 minimum)
✔️ Stock investments in Latvian companies
Each method has specific conditions & benefits, allowing investors to choose the most suitable path.
Final Thoughts
Latvia’s Golden Residency Program is an excellent choice for those looking to live and invest in an EU member country with affordable costs and flexible conditions
