The legal aspect of any real estate buying deal is just as crucial as the presence and condition of the property you want to buy. In Latvia, a typical property acquisition transaction will typically include the following stages:

 

 

These are three basic steps to follow in order to buy a real estate in Latvia. But you can also find below detailed guidance about buying a property in Latvia. Our lawyers can also provide you with comprehensive assistance in this matter. A few more stages may be added to the above list in more complex circumstances. For example, if the property is held as a security by third parties or purchased with a loan, or if the parties want to enter into an earnest money agreement. The earnest money agreement, also known as a deposit, is typically utilized when the transaction cannot be completed immediately. The buyer pays a portion of the purchase price as a deposit to ensure that the transaction will be completed. You can get further details from law firm in Latvia in this regard.

 

 

In addition to buying a house in Latvia, you can also rely on our lawyers if you want to understand the process of VAT (value-added tax) registration in Latvia. Our knowledgeable lawyers will provide you with thorough guidance in this regard. Furthermore, our seasoned lawyers can also guide you about different ways of acquiring Latvia’s residency permits. The Latvian residency permit gives you the freedom to live in one of the most popular nations in Europe and permits you to stay there for up to five years. Additionally, you are allowed to visit any EU Member State and even some non-EU nations with this unique document. Additionally, it provides you the opportunity to apply for a permanent residence permit in Latvia or the EU and even get temporary residence permits for your spouse and kids.