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. The permit stays valid only while the company pays at least €40,000 a year in Latvian taxes (Immigration Law s. 23 validity condition). | 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 liabilities with a Latvian credit institution (≥5-yr term) + a €25K state-budget payment ≈ €305K all-in (Immigration Law s. 23(1)(30)). Closes to new applications on 1 Jan 2027. |
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: Immigration Law of Latvia (Imigrācijas likums), Section 23(1) — likumi.lv consolidated Latvian text; president.lv 2026-06-19 and Saeima/LSM 2026-08-20 on the new law · Last verified Sep 9, 2026 (2 days ago) · Verify current rules with an authorized immigration adviser or the destination's consulate before applying.
Next review 2026-12-15.
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) 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 adopted 2026-06-11, returned by the President 2026-06-19, re-adopted by the Saeima 2026-08-20 and promulgated 2026-09-01; its core provisions take effect 1 January 2027: the real-estate and subordinated-deposit routes end for new applications, a €150K state-fund route (+€10K state payment, 5-year lock-up) is added, and equity-route permits shorten from 5 to 2 years. Until then the routes below stay open and applications accepted before entry into force are decided under the current law. The interest-free government-bonds route was deleted by the 23 April 2026 amendment.
Who regulates the Latvia Residence Permit by Investment?
Latvia Residence Permit by Investment is administered by Immigration Law of Latvia (Imigrācijas likums), Section 23(1) — likumi.lv consolidated Latvian text; president.lv 2026-06-19 and Saeima/LSM 2026-08-20 on the new law. The canonical source is https://likumi.lv/ta/id/68522-imigracijas-likums. Facts last verified 2026-09-09; next review 2026-12-15.