Total Costs
Obtaining a temporary residence permit (TRP) in Latvia by purchasing real estate involves various expenses. Below is a detailed breakdown of the potential costs for acquiring property valued at 250,000 EUR in Latvia to secure a TRP.
Real Estate Purchase Costs:
| Value of the property | €250,000 |
| Stamp duty upon registration (1.5% of the real estate value) | €3,750 |
| Registry fee | €15 |
| Notary expenses | €300 |
| Escrow account (by individual bank price list) | €1,500 |
| Total cost for real estate purchase | €255,565 |
Temporary Residence Permit (TRP) Registration Costs:
| Application fee | €150 |
| Government tax (5% of the property value) | €12,500 |
| Health insurance | €200 |
| Legal fee (€1,500 for the applicant + €500 for each family member) | €2,500 |
| Translation of documents (may be required, costing approximately €20–€30 per page) | €500 |
| Total cost for TRP application | €15,850 |
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