Latvia · Residency by investment
Temporary Residence Permit via State Alternative Investment Fund
Proposed
Last verified July 2026
NOT LAW. Contained in the new Immigration Law passed by the Saeima on 11 June 2026 but returned unpromulgated by President Rinkevics on 19 June 2026. Awaiting reconsideration in the autumn 2026 session; intended commencement 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 on the Hungarian and Portuguese model. It is worth tracking, but it does not exist yet and the President's own objection was that the safeguards were drafted too hastily.
Qualifying routes
€150k
Investment in a state-created alternative investment fund
Minimum five years, plus EUR 10,000 to the state budget; five-year permit 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
- 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 5 years of PR on top
- Language test
- Latvian language, history and Constitution exams
- Dual citizenship
- Not permitted — you would have to renounce
- Requirements
- to be determined on promulgation
What can go wrong
- 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 precisely about 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.