Latvia · Residency by investment
Temporary Residence Permit via State Alternative Investment Fund
Proposed
Last verified
The route has been in the Immigration Law since 15 September 2026, but the state has not set up the fund or its manager, so no application can be filed yet. The outgoing Saeima voted down a bill to delete it on 29 October 2026.
The fund is the only new investment route in the 2026 law and, once it opens, the cheapest permit Latvia offers a passive investor. Its launch waits on the Cabinet, which has to set up the fund and the procedure for checking investors and their money.
Qualifying routes
€150k
Investment in a state-created alternative investment fund
The permit stays valid while the fund manager confirms the contract is in force and the balance is at least EUR 150,000.
The facts
- Minimum investment
- €150k
- Total landed cost
- EUR 160,000: EUR 150,000 invested for at least five years and EUR 10,000 paid to the state budget.
- Route type
- Residency by investment
- Physical presence
- None for the permit.
- Family
- SpouseMinor childrenAdult children who were minors at the first application
- Permanent residency
- Five years of continuous residence, with absences of no more than six months in a row and ten months in total, plus Latvian at A2 and a course in Latvian culture and history.
- Citizenship
- Five years of permanent residence before naturalisation, so ten years from the first permit at the earliest.
- Language test
- Exams in Latvian, Latvian history, the Constitution and the text of the national anthem.
- Dual citizenship
- Not permitted. You would have to renounce.
- Requirements
- A signed contract and transfer to the state-created fund managerA clean criminal record and a documented source of funds
What can go wrong
- No fund and no fund manager exist, so any offer to reserve a place or pre-register describes nothing that can be bought.
- The Cabinet can suspend new permits on this ground for nationals of chosen countries for up to five years, on national security or economic grounds.
- Russian and Belarusian citizens cannot apply on this ground.