Latvia · Residency by investment
Temporary Residence Permit via State Alternative Investment Fund
NOT LAW. This is contained in the new Immigration Law, which the Saeima passed on 11 June 2026. President Rinkevics returned it unpromulgated on 19 June 2026. It is awaiting reconsideration in the autumn 2026 session, with intended commencement on 1 January 2027. The state fund manager infrastructure does not yet exist.
This is the shape of Latvia's intended replacement product, a cheaper, fund-based route modeled on the Hungarian and Portuguese programmes. It is worth tracking. But it does not exist yet, and the President's own objection was that the safeguards had been drafted too hastily.
Qualifying routes
Minimum five years, plus EUR 10,000 to the state budget. The five-year permit stays valid while the manager confirms the balance is maintained.
The facts
- Minimum investment
- €150k
- Total landed cost
- EUR 150k plus EUR 10,000 state payment, if and when the route exists.
- Route type
- Residency by investment
- Physical presence
- Not yet specified in operable form.
- Family
- Not yet specified in operable form
- Permanent residency
- Expected to remain subject to the standard physical presence test.
- Citizenship
- Expected to require 5 years of PR on top of the 5-year permanent-residence period, so roughly 10 years total.
- Language test
- Latvian language, history and Constitution exams.
- Dual citizenship
- Not permitted. You would have to renounce.
- Requirements
- To be determined on promulgation
- Proposed only. There is no fund, no manager, and no law in force. Any advisor offering to pre-register you for this is selling nothing.
- The President's stated objections were aimed precisely at the source-of-funds checks and money-laundering safeguards on this route, so the final shape may differ materially.
- Russian and Belarusian citizens are expressly excluded under the accompanying amendments.