An investment programme entitling investors to obtain temporary residence permit in Latvia is in force since the 1st of July 2010. Purchasing real estate is currently the most popular form of investment, chosen by temporary residence permit seekers in one of the EU and Schengen member countries (entitlement to enter other Schengen countries without visas or other formal registration is granted together with residence permit). On the temporary permit expiry, the investor has the right for the permit renewal for another term of five years.
In order to obtain temporary residence permit based on real estate purchase, the following criteria are to be met:
Temporary residence permit in Latvia can be obtained by investors and their family members –spouses, underage children and persons under the investor’s custody.