Latvian immigration law provides for obtaining a 5-year residence permit for persons who have reached retirement age from countries whose citizens can enter Latvia without visas (for example: USA, Ukraine, Canada, Israel, Australia, Brazil, Georgia, Moldova and more than 50 more countries other than the EU) if they have sufficient means of living and have reached the retirement age established in the Republic of Latvia (in 2024 it is 64 years and 9 months).
“Sufficient funds” in this case means double the average pension for the previous year (according to the Central Statistical Office of Latvia). The average Latvian pension in 2023 was 513.72 euros, so currently the pension for this type of residence permit must be at least 1028 euros per month.
The availability of financial resources is confirmed by documents on the amount of pension received by the foreigner. If a foreigner receives pensions from different countries, they add up. It is important to understand that if the pension amount is below the above-mentioned minimum, then the person’s other sources of income (for example, bank deposits, payments on securities or monthly income from rental real estate) are not taken into account.
A residence permit for the same period as the pensioner himself can be obtained by his spouse, and she may not be of retirement age.
The Law Office Inlatplus will provide you with qualified legal assistance on all issues of obtaining a residence permit.
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