Open (reforming)Latvia

Latvia Residence Permit by Investment: Cost, Requirements & Processing Time (2026)

The short version

Latvia Residence Permit by Investment requires a minimum investment of €60,000 (company shares / equity route), with residency in ~2–3 months and a path to citizenship in 10 years.

Investment routes compared

Route type	Amount (EUR)	Notes	Primary?
Company shares / equity	€60,000	€50K equity in a small Latvian company + €10K one-time state payment (PMLP). Larger companies = €100K. Company must be genuinely operational; the ~€40K/yr tax figure is advisory, not in PMLP's published criteria.	Most common
Real estate	€262,500€250,000 + 5% state fee	€250K property purchase + 5% state-budget fee (the older sub-€250K 'outside Riga' tier is abolished).
Bank deposit	€280,000	€280K subordinated bank deposit (≥5-yr term) + a €25K state-budget fee ≈ €305K all-in (PMLP).
Government bonds	€250,000	€250K interest-free state bonds + €38K state fee ≈ €288K (PMLP) — on the books but practically dormant; verify with PMLP before relying on it.

At a glance

€60,000 minimum qualifying investment
~2–3 months expected end-to-end processing
10 years of residence citizenship timeline
Schengen access travel rights
No minimum stay physical-presence requirement

Physical presence: No minimum stay; visit yearly for renewal.

Official program source · Source: Office of Citizenship and Migration Affairs (PMLP) · Last verified Jun 30, 2026 (3 weeks ago) · Verify current rules with an authorized immigration adviser or the destination's consulate before applying.

Next review 2026-09-30.

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Frequently asked questions

What is the minimum investment for the Latvia Residence Permit by Investment?

The minimum qualifying investment is €60,000. €50K equity in a small Latvian company (≤50 employees, ≤€10M turnover/balance) + €10K state fee = €60K total — the cheapest route. (PMLP) Qualifying routes: Company shares / equity (€60,000); Real estate (€262,500); Bank deposit (€280,000); Government bonds (€250,000) Most applicants use the Company shares / equity route (€60,000).

How long does the Latvia Residence Permit by Investment take to process?

Expected end-to-end processing is ~2–3 months. Fast processing. Visit Latvia annually for renewal.

Can I get citizenship through the Latvia Residence Permit by Investment, and when?

Citizenship is available after 10 years of legal residence. Latvian citizenship requires 10 years continuous residence, Latvian language (B-level), citizenship test. It can lead to EU citizenship.

What is the physical-presence requirement for the Latvia Residence Permit by Investment?

No minimum stay; visit yearly for renewal.

Are my spouse and children included in the Latvia Residence Permit by Investment?

Spouse, minor children, adult children in education can be included.

Does the Latvia Residence Permit by Investment grant Schengen access?

Yes. Latvia Residence Permit by Investment grants Schengen-area travel access.

Is the Latvia Residence Permit by Investment currently open to new applicants?

The programme is currently open (reforming). New Immigration Law passed the Saeima 2026-06-11 (scraps the real-estate + subordinated-deposit routes, adds a €150K fund route, cuts equity-route validity 5→2yr); President returned it 2026-06-19, so the routes below remain in force pending the autumn re-vote. Source: PMLP + IMI Daily.

Who regulates the Latvia Residence Permit by Investment?

Latvia Residence Permit by Investment is administered by Office of Citizenship and Migration Affairs (PMLP). The canonical source is https://www.pmlp.gov.lv/en. Facts last verified 2026-06-30; next review 2026-09-30.