Latvia

Registering Property in

Latvia

Listed below is a detailed summary of the steps, time and cost involved in registering property, assuming a standardized case of an entrepreneur who wants to purchase land and a building that is already registered and free of title dispute.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in June 2011.

  • Standard Property Transfer

  • Property Value: LVL 284,670.56
  • City: Riga

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No. Procedure Time to Complete Associated Costs
1 Verification of title

The buyer should request from the seller or from the Land Register website an updated extract from the relevant folio of the Land Registry, which allows the buyer to verify the title of the seller and the legal rights attached to the real estate. Any credit or debit card holder can obtain information on any real estate registered in the Land Register. Charge for a single entry is LVL 3.66 and information is displayed instantly. Currently, the official website of the Land Book is http://www.zemesgramata.lv is providing Land Book information review services. Also, LVL 3,66 applies to electronic requests and certified paper costs LVL 5.

Agency: Land Registry (Land Book) 		1 day LVL 3.63
2 Municipality’s first refusal rights

The parties submit the signed real estate sales agreement to the municipality for a decision on its first refusal rights.

Agency: Municipality 		5 days no cost
3 Statement on the buyer’s shareholders

The board of the buyer shall issue a statement on the nationality of the buyer’s shareholders.
1 day no cost
4 Notarization of the sale-purchase agreement

The parties sign and a notary attests the application for the registration of the buyer’s title with the land registry or Land Book. The registration application should contain the authorization to the person that is entitled to perform the registration procedures. If the authorization is not incorporated in the registration application, the parties can:
1) issue a notarized power of attorney to this effect, or
2) incorporate the authorization in the sales agreement, in which case the sales agreement must be attested by a notary, or
3) authorize a notary to process the registration of title.
1 day LVL 62,65 (comprising of: certification of the signature of both parties (two persons), 13,20 LVL each; information about the companies - 5,36 each; information from the Citizen's register - 3,80 LVL for each person; information from the Invalid documents
5 Registration of the buyer’s title

The parties submit the documents obtained in the previous procedures to the Land Registry Unit of the Land Book. After reviewing all submitted documents a Land Book judge adopts a decision on registration of change of ownership rights and issues a new Land Book Certificate. The payment for registration and the stamp duty can be paid at POS net machines with a credit card at the registry. Receipt of payment should be submitted before the registration of the title.

The documentation shall include:
• Real estate sales agreement signed by parties
• Statement of the payment of real estate tax (Obtained in Procedure 2)
• Municipality’s approval of the transfer (Obtained in Procedure 3)
• Notarized application for the registration (obtained in Procedure 5)
• Statement on the shareholders of the buyer (obtained in Procedure 4)
• Receipt of payment of stamp duty and registration fee (obtained in Procedure 6)


Agency: Land Registry (Land Book) 		10 days LVL 10 (processing fee for the registration of title) LVL 5 (processing fee for the receipt of the registration certificate) 2% of the highest of either the purchase price or the cadastral value of the real estate, with a maximum of LVL 30,000 (Stamp duty
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