#1 Residence permit in Latvia based on real estate by BalticLegal 04.03.2023 02:26

Obtaining a residence permit based on the purchase of real estate (immovable property) is one of the most popular investment-based methods of obtaining a Latvian residence permit. According to statistics from the Office for Citizenship and Migration Affairs, 2,435 foreigners applied for a residence permit based on buying real estate in Latvia in 2012 alone, and 3,085 foreigners in 2013.

Of the types of investment which qualify for a residence permit, Real estate investment provides possibly the best liquidity and security while also (statistically) being the most effective way to get approval from the Office of Citizenship and Migration Affairs - having the highest approval rate.

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