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European Residency Through Property Investment (Latvia)

No personal income tax No capital gains tax Attractive Yields
Fast, investor friendly EU pathway for families. Low stay, Schengen access, and a route to long term residency

Projects

Invest in Riga Waterfront. Secure EU Residency.

Own at the Soho Cluster and unlock EU (Schengen) residency for the whole family.

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Why Latvia

EU • Schengen • EurozoneLegal protections & free movement
Emerging investment hubLow taxes, digital economy growth
Strategic locationGateway to Nordics & Western Europe

Program Snapshot

Minimum Value

€250,000 (incl. 21% VAT on units)

Fast Start

€100,000 refundable deposit to initiate

Validity

5-year residence, renewable

Family

Spouse & children (u18) included

Travel

Schengen 90/180-day mobility

Work & Live

Right to live & work in Latvia

Soho Cluster — Riga Waterfront

Soho Cluster — Riga Waterfront
Artist’s impression • For illustration only

Mixed-use waterfront district by a world-class developer: hospitality, education, retail, culture and a private beach + yacht club, connected by a smart mobility hub.

  • 5-Star Waterfront Hotel
  • International School
  • Shopping District (heritage power factory)
  • City Heritage Museum
  • Private Beach & Yacht Club
  • Smart Mobility Hub
Buildings: Courtyard Club Plaza

Units & Pricing (incl. 21% VAT)

1 Bedroom

From €250,000

Freehold ownership

2 Bedroom

From €350,000

Freehold ownership

3 Bedroom

From €760,000

Freehold ownership

Best-in-Class Payment Plan

  1. 5% Booking
  2. 5% After 3 Months
  3. 10% After 8 Months from Booking
  4. 80% On Handover (~3 years)
Fast-track residency can begin with the €100,000 refundable deposit.

Who Can Apply

  • Non-EU/EEA/Swiss national, age 18+
  • Clean record; lawful, traceable funds
  • Valid health insurance
  • Registered Latvian address (lease/owner consent)
  • Spouse & children under 18 included
  • One visit per year to maintain status
  • Schengen mobility (90/180 rule)
  • Right to live & work in Latvia

Required Documents (Concise)

  • Passports, photos, application forms
  • Police clearance certificates
  • 12-month bank statements
  • Proof of funds & lawful source
  • Marital & birth certificates (as applicable)
  • Health insurance policy
  • Latvian address evidence
  • State fee receipts
  • Any additional OCMA requirements

Fees & Costs (Indicative)

State fee (property route)
5% of property price
State fee (equity route)
€10,000 (one-time)
OCMA application fees
~€160–€560 per person
Land Register
1.5% (cap €50k) + €15 stamp
Notary
~€150
Yearly registration
~€75–€290 per person
5-year renewal
~€5,000 (+ OCMA fees)

Figures are indicative and may vary by route and personal circumstances.

Processing & Timing

  1. 01 Select unit & sign reservation
  2. 02 Pay €100k deposit & compile documents
  3. 03 OCMA review (~30 days, extendable)
  4. 04 Visa issued (~45 days) & residency granted
  5. 05 Handover in ~3 years; final payment

Beyond Temporary Residency

Permanent Residence

Eligible after 5 years (residence compliance + A2 Latvian language).

Citizenship

Possible after 10 years of permanent residence (language, civics & integration tests).

Compliance & Restrictions

AML/KYC: funds must be lawful and traceable; authorities may request enhanced checks. Certain nationalities may be restricted by Latvian regulations. Residency decisions are at the sole discretion of OCMA and are not guaranteed.

Ready to secure EU residency via Riga Waterfront?

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