A residence permit is a document that gives a foreigner the right to reside in the Republic of Latvia for a certain or indefinite period. Settlement will make your life much easier if you want to live, work or study in Latvia or other Schengen countries.

At the moment, if you do not have relatives or other persons in Latvia who could help you obtain a residence permit on the basis of something else, there are two options that allow you to apply for a residence permit:

Obtaining a residence permit on the basis of purchasing real estate in Latvia.
Obtaining a residence permit on the basis of investing
in a local business (investment in the authorized capital of the enterprise)
in a local bank (issuing a subordinated loan in one of the local banks)

https://www.euroimmigration.info/ru/

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