Latvia · Residency by investment
Temporary Residence Permit for Government Bond Investors
The status here is genuinely unclear. Do not quote it to a client without direct confirmation from PMLP. PMLP's page for this route is still live. It lists EUR 250,000 in interest-free special-purpose government bonds and a EUR 38,000 state fee, but the page has not been updated since 22 April 2022. Several secondary sources, along with a Cabinet draft annotation, state that the securities route was already eliminated before the 2026 reform. Reporting on the June 2026 law mentions only real estate and subordinated capital as newly scrapped, which suggests the bonds were gone already. We were unable to resolve this conflict from public sources.
We include this route for completeness, and as a warning. The Latvian government still publishes it, but it appears to be commercially, and possibly legally, dead. It is exactly the kind of stale official page that lets intermediaries sell a product that no longer exists.
Qualifying routes
Bonds are purchased only after a positive TRP decision. A EUR 38,000 state budget payment is also required.
The facts
- Minimum investment
- €250k
- Total landed cost
- EUR 250k in zero-yield bonds, plus a EUR 38,000 non-refundable state payment. That works out to a 15% entry cost on an asset that pays no return.
- Route type
- Residency by investment
- Timeline
- 1–3 months (If it is operable at all)
- Physical presence
- None
- Family
- SpouseMinor children
- Permanent residency
- 5 years, subject to the same 4-of-5-years physical presence test and A2 Latvian.
- Citizenship
- 5 further years of permanent residence, so roughly 10 years total.
- Language test
- Exams in Latvian language, history and the Constitution
- Dual citizenship
- Not permitted. You would have to renounce.
- Requirements
- Documented source of fundsClean criminal record
- There is no confirmation that this route is currently usable. PMLP's page has not been updated in four years. Call PMLP (+371 67209400) before relying on any of this.
- EUR 38,000 in fees on EUR 250,000 of zero-interest bonds means a guaranteed loss of 15%, before you even count the opportunity cost. It was never commercially rational, and take-up was negligible.
- This route is scheduled for abolition in any event under the new Immigration Law.