Latvia residency for Canadian citizens.

From
$56k
Permit in
1 mo
Passport in
No
Index score
61

Canadian passport You can already stay 90 days without a visa; residency is for staying longer, banking and owning.

For Canadian citizens

What is different for Canadian citizens.

1 open route

The routes to living in Latvia.

Temporary residence permit for investment in a company's share capital

Changed61

changed 2026-09-15: permit term cut from up to 5 years to up to 2 years

Minimum
€50,000 · about $56k
What counts
€50,000 (companies with up to 50 staff and up to €10m turnover or balance sheet) or €100,000 (larger companies) in a Latvian company's share capital, plus €10,000 to the state budget; the company must pay at least €40,000 (or €100,000 for larger companies) in taxes each year; at most 10 foreign investors per company under the €50,000 option
Processing
the Office of Citizenship and Migration Affairs decides within 30 days of accepting all documents; it can extend this to up to 4 months
Permit
2 years, renewable
Time you must spend there
No rule published
Path to a passport
Permanent residence after 5 years; the route itself sets no timetable for citizenship.
Family
spouse, minor children
Tax
Not published
Not open to
Russia, Belarus

Official source · Second source · checked 2026-10-20

Temporary residence permit for real estate purchase

Closed

closed 2026-09-15 (new Immigration Law; applications lodged by 14 Sep 2026 decided under the old law)

Minimum
€250,000 · about $280k
What counts
Former route: one property worth €250,000+ in Riga, Jurmala or other listed towns and districts (or up to two properties totalling €250,000+ elsewhere), bought by bank transfer, with no agricultural or forest land, plus a state fee of 5% of the property value; gave a temporary permit of up to 5 years
Processing
Not published
Permit
5 years, existing holders can apply for a further permit of up to 5 years while the property still qualifies, paying €1,000 to the state budget for each permit year, less sums already paid
Time you must spend there
No rule published
Path to a passport
No set path to permanent residence or citizenship through this route.
Family
spouse, minor children
Tax
Not published
Not open to
Russia, Belarus

Official source · Second source · checked 2026-10-20

Temporary residence permit for investment in a state-established fund

Closed

not yet open (created by the Immigration Law in force since 15 Sep 2026, but the state fund it needs has not been set up; a bill sent to the Saeima on 10 Sep 2026 would remove the route)

Minimum
€150,000 · about $168k
What counts
€150,000 with the manager of a state-established alternative investment fund for at least 5 years, plus €10,000 to the state budget
Processing
the Office of Citizenship and Migration Affairs decides within 30 days of accepting all documents; it can extend this to up to 4 months
Permit
5 years, permit stays valid while the investment agreement runs and the balance is at least €150,000
Time you must spend there
No rule published
Path to a passport
Permanent residence after 5 years; the route itself sets no timetable for citizenship.
Family
spouse, minor children
Tax
Not published
Not open to
Russia, Belarus

Official source · Second source · checked 2026-10-20

Residency rules, thresholds and fees change often, sometimes without notice. Everything here is general information, checked on the date shown, not legal, tax or immigration advice: confirm with the official source and a licensed adviser before you act. Continental sells property; we don’t arrange visas or residency.

Short answers

What people ask.

Can Canadian citizens get residency in Latvia by buying property?
Not through property alone. The nearest route is Temporary residence permit for investment in a company's share capital: €50,000 (companies with up to 50 staff and up to €10m turnover or balance sheet) or €100,000 (larger companies) in a Latvian company's share capital, plus €10,000 to the state budget; the company must pay at least €40,000 (or €100,000 for larger companies) in taxes each year; at most 10 foreign investors per company under the €50,000 option
Is the Latvia golden visa still available?
Temporary residence permit for real estate purchase is closed (closed 2026-09-15 (new Immigration Law; applications lodged by 14 Sep 2026 decided under the old law)). Temporary residence permit for investment in a state-established fund is closed (not yet open (created by the Immigration Law in force since 15 Sep 2026, but the state fund it needs has not been set up; a bill sent to the Saeima on 10 Sep 2026 would remove the route)). Open today: Temporary residence permit for investment in a company's share capital.
How long does it take?
Temporary residence permit for investment in a company's share capital: the Office of Citizenship and Migration Affairs decides within 30 days of accepting all documents; it can extend this to up to 4 months. The permit runs 2 years, renewable.
Does it lead to citizenship?
Permanent residence after 5 years; the route itself sets no timetable for citizenship.

Read it for your passport

Latvia residency, passport by passport.

Where we can help

Our markets, where a home can count.

We don’t sell homes in Latvia. These are the countries where we do, and where buying one can count towards residency.

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