What are the buying costs in Latvia?
Incidental costs of agricultural real estate acquisition in Latvia:
Real estate transfer tax: 2% of the purchase price
Notary fees: about 0.4 to 0.5. % of the purchase price
include preparation of purchase contract and certification, reservation in the land register, land registration
Fees about 400 euros incl. 21% VAT.
Opening business account: about 300 euros
Establishment of escrow account at bank: approx. 2000 Euro, depending on the amount of the amount. This is recommended for purchase of agricultural real estate for security, up to the land registration
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