Checklist for Obtaining a Residence Permit (RP) via Real-Estate Purchase

Why Latvia: Key Advantages

• Simplicity and speed. Obtaining a residence permit in Latvia takes up to 3 months.
• Affordable entry threshold. One of the most accessible routes to EU residence is through real estate investments starting from €250,000.
• Freedom of movement. The residence permit card grants the right to travel within the Schengen Area.
• Flexibility of stay. Having received a residence permit based on investment, you are not required to permanently reside in Latvia.
• Work and business. A residence permit grants the right to officially work, open companies, and develop businesses in Latvia and other EU countries.
• Passive income. Real estate can be rented out, generating a stable European income and gradually returning the investment.
• For the whole family. A spouse, minors, children in foster care, and persons under guardianship can receive a residence permit along with the investor.
• Education and healthcare. Available at local educational institutions and through state healthcare in Latvia in accordance with current regulations.
• Long-term perspective. Upon expiration of your temporary residence permit (5 years), you and your family can apply for permanent residence (+5 years), and then, subject to additional conditions, citizenship.

Requirements for the purchased property

• Investment amount: at least €250,000. The appraisal must be conducted by a licensed appraiser.
• Cadastral value. The cadastral value of the property at the time of purchase is at least €80,000. If it is lower, an independent appraisal will be required.
• Property type: The asset must be a completed residential or commercial property or land for construction and must not include agricultural land or forestry.
• Seller: The transaction is carried out with an individual or legal entity that meets the program requirements*.
• Debt-free: No outstanding property taxes or utility bills at the time of application.

Step-by-step instructions

Step 1. Selecting and purchasing a property

• AML and source of funds checks.
• Transparency of documents and the source of the investor's funds are key to successfully obtaining a residence permit.

Step 2.

• Select a property that meets the program requirements and your goals (living, investing, or renting).
• Property registration in the Land Register takes up to 10 business days after the transaction.

Step 3. Document Preparation

• This process is carried out simultaneously with the property purchase. This includes preparing and processing residence permit documents and completing the application form. (The package content depends on the case; we help you compile and complete it correctly.)

Step 4. Application Submission

• After receiving the property title extract and having all the necessary documents for a residence permit*, submit your application to the Office of Citizenship and Migration Affairs (PMLP) in Latvia or through a consulate/embassy abroad.

• The review period ranges from 1 to 3 months, depending on the selected plan. Step 6. Decision and Residence Permit
• A positive decision is valid for three months. You must personally arrive in Latvia, provide the required documents*, pay the fee, and receive your residence permit ID card.
• If required, the consulate will issue a single-entry visa.

Step 7. Annual Registration

• The residence permit card is issued for one year. It must be renewed 30-90 days before its expiration date: a personal visit to the PMLP is required. A condition for maintaining your residence permit is maintaining the property you acquired. The investor can fly to Latvia for one day for this procedure, provided they have submitted an extension application in advance. The process is automated.

• After five years, you can choose to renew your residence permit for another five years under the same conditions or apply for permanent residence, meeting additional requirements, such as [the following]. Permanent residence requires continuous residence in the country for five years, with a permitted period of absence of no more than one year during the entire period. Mercury Group is your reliable partner in obtaining a residence permit through real estate purchase.

We offer a full concierge service for purchasing real estate and obtaining a residence permit:

• Free consultation on the residence permit and AML (Anti-Money Laundering) procedures, conducted by our experienced lawyers specializing in immigration and investment law.
• Customized property selection based on program criteria and your individual needs.
• Organizing a viewing visit to Latvia or purchasing online.
• Full support for the purchase and sale transaction and property registration.
• Document preparation and review, coordination of submission to the PMLP/consulate.
• Prompt communication at every stage – we are always available, and our lawyers provide professional support and timely responses to all your questions.
• After-sales service: Furnishing, design services, or any necessary specialized contractors. Rental management.

Ready to go? Submit a request, and your personal manager will contact you as soon as possible to calculate a customized residence permit scenario and prepare a selection of available properties.


*information upon request