Afortis provides legal and administrative assistance: we prepare and file your application. The licence is issued, and the decision made, by the competent government authority, not by Afortis.
Overview
General Information
Afortis Group supports real estate agencies, individual brokers, and property management companies through the full process: certifying agents, registering the company in the State register, and preparing client contract templates.
Issuing Authority
Where the Licence Is Issued
The real estate broker licence in Latvia is issued through the State register of real estate brokers.
Who Is It For
Who Needs the Licence
Any company or individual providing brokerage services in Latvia — real estate agencies, realtors, and property management companies — must hold a property agency licence before starting operations. There is no legal route around this requirement.
Our Support
What the Support Includes
Requirements
Main Requirements
- Professional qualification of agents
- Transparency of transactions
- Professional indemnity insurance
- Regulatory reporting to the register
Compliance
AML and Client Due Diligence Obligations
Real estate agencies and brokers in Latvia are subject to the country’s anti-money laundering legislation. In practice, this means your agency must carry out due diligence on buyers and sellers, verify the source of funds for transactions, keep records of identification documents, and report suspicious transactions to the Financial Intelligence Unit. Afortis Group helps set up these compliance procedures as part of the registration package, including appointing a designated AML compliance officer where required.
Process
Processing Time and Costs
Registration typically takes 1 to 2 months. Government and compliance costs vary depending on the number of agents requiring certification and the insurance structure your agency puts in place.
Why Us
Why Clients Work with Afortis Group
Common questions
Reach Out
Leave your details and our lawyer will get back to you within one business day.
