Latvia · Residency by investment
Temporary Residence Permit for Subordinated Capital Investment
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Last verified July 2026
Live today, but scrapped under the new Immigration Law passed on 11 June 2026. The law has been returned by the President for reconsideration in autumn 2026.
Subordinated debt sits behind every other creditor at a Latvian bank. You are being asked to take on genuine bank credit risk in a small market, for five years, in exchange for a permit that is about to be abolished. On a risk-adjusted basis, the case is poor.
Qualifying routes
€280k
Subordinated liabilities with a Latvian credit institution
Minimum five-year term. A EUR 25,000 state budget payment is due on the first permit.
The facts
- Minimum investment
- €280k
- Total landed cost
- EUR 280k locked up for five years, plus a EUR 25,000 non-refundable state payment.
- Route type
- Residency by investment
- Timeline
- 1–3 months (Standard PMLP processing.)
- Physical presence
- None
- Family
- SpouseMinor childrenDependent family members
- Permanent residency
- The same trap as the property route applies here. You need 4 of 5 years physically present, plus A2 level Latvian.
- Citizenship
- A further 5 years of permanent residency, 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
- five-year minimum termEUR 25,000 payment into the state budgetsubsistence of EUR 500/monthdocumented source of funds
What can go wrong
- Subordinated capital is, by definition, the last thing repaid in an insolvency. Latvia's banking sector has a history of failures. ABLV was wound down in 2018 after a US FinCEN money-laundering finding. This is not a deposit, and it is not covered by any deposit guarantee.
- EUR 25,000 of the outlay is a pure non-refundable fee, roughly 9% of the investment.
- This route is scheduled for abolition under the June 2026 law.
- Russian and Belarusian citizens are barred.
- This route has the same presence and PR incompatibility as the real estate route.