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Total Costs
Residency by Real Estate Purchase (€250,000 property)
Value of the property
Stamp duty upon registration (1.5% of the real estate value)
Legal fee (for purchasing property)
Service fee
Escrow account (by individual bank price list)
5% government fee
€250 000
€3750
€5750
€10 000
€1500
€12 500
TOTAL COST FOR RESIDENCY:
€283 500
ADDITIONAL COSTS
Travel Expenses: Costs for traveling to Latvia to view properties and finalize the purchase.
Accommodation and Living Expenses: Temporary accommodation and living expenses while staying in Latvia for the property purchase and TRP application process.
Bank Fees: Costs associated with transferring money internationally and opening a bank account in Latvia
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