A local residence permit allows you to live in Latvia without time restrictions and also provides visa-free access to the entire European Union.
In 2010, Latvia launched a state program that simplified immigration for investors. The most popular option (according to the statistics of approved applications) is a residence permit for the purchase of real estate. The lawmakers provided a price threshold of €250,000 and a mandatory state fee of 5% of the properties value. There are other requirements, so please read the program terms and conditions carefully before purchasing.
In addition, you can get a Latvian residence permit on the basis of investments in the capital of Latvian companies, a subordinated deposit in a bank (this means that a refund is not possible before a certain period), government interest-free bonds. In the case of businesses, the entry threshold is lower, and securities are higher.