30-04-2026
A family of entrepreneurs from Turkey approached Mercury Group with a clear objective: to diversify capital through real estate investment in Europe. During the consultation, we identified an additional opportunity the client had not initially considered - obtaining a Latvian residence permit within the European Union through real estate investment.
The family consisted of parents and an adult child aged 18+. With an initial budget of €250,000–300,000, the standard legal framework would allow residency only for one investor, as eligibility is tied to registered ownership.
At first glance, this appeared to be a limitation. In practice, it became a matter of precise structuring. In cooperation between Mercury Group and the landmark Riga Waterfront project, developed with internationally recognised expertise associated with Emaar and Eagle Hills, a tailored solution was implemented in line with the investors’ interests.
Case Structure
The selected investment was an off-plan apartment reservation with a total value of €500,000, structured for the father and son. The initial payment amounted to 20% — €100,000, arranged in stages of 5% + 5% + 10% over 8 months. The reservation agreement was signed remotely via Dokobit, allowing the process to move forward efficiently without the clients’ physical presence in Latvia.
After the first 5% payment, equal to €25,000, a detailed shareholding agreement was executed. Under this structure:
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the developer assumes administration, tax compliance, and migration-related requirements;
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the investors remain responsible for payment discipline;
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€200,000 — €100,000 for each investor — is contributed into company shares;
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this amount is fully credited toward the final property price and is not forfeited.
Mercury Group provided full legal supervision throughout the process, including contracts, transaction coordination, communication with state institutions, ID issuance, and confidentiality management.
Result
As a result, the clients secured both a high-liquidity investment asset and a structured path to Latvian residence permits within the EU.
The budget was preserved within the client’s initial expectations:
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€100,000 — down payment
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€200,000 — share contribution, credited toward the property price
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Total: €300,000 + associated costs
The remaining €200,000 is payable before project completion in 2028, giving the investors flexibility for capital accumulation, financing, or a potential exit from the project with a return of invested funds, subject to the agreed terms. Upon title registration, the residency status is reissued and tied directly to the property ownership. Mercury Group continues to provide legal oversight throughout the entire process.
Key Insight
The client came to Mercury Group for a real estate investment. The outcome was a carefully structured solution combining investment in one of Latvia’s most significant developments with a residence permit opportunity for two family members. Such solutions are not accidental. They are the result of deep market expertise, legal precision, and the ability to see beyond the initial request. This transaction was personally led by Irina Alazova, CEO of Mercury Group.
Private Consultation
If you are considering real estate investment in Latvia and would like to understand whether your investment can also support residency planning, Mercury Group offers private consultations tailored to your situation, budget, and long-term objectives.
Contact Irina Alazova
CEO, Mercury Group
+371 29102085
[email protected]
