Latvia · Residency by investment
Temporary Residence Permit for Government Bond Investors
STATUS GENUINELY UNCLEAR — do not quote to a client without direct PMLP confirmation. PMLP's page for this route is still published (EUR 250,000 in interest-free special-purpose government bonds, EUR 38,000 state fee) but has not been updated since 22 April 2022. Multiple secondary sources and a Cabinet draft annotation state the securities route was already eliminated before the 2026 reform, and reporting on the June 2026 law lists only real estate and subordinated capital as newly scrapped — implying bonds were gone already. We could not resolve the conflict from public sources.
Included for completeness and as a warning: this route is still published by the Latvian government but 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 purchased only after a positive TRP decision; EUR 38,000 state budget payment
The facts
- Minimum investment
- €250k
- Total landed cost
- EUR 250k in zero-yield bonds plus a EUR 38,000 non-refundable state payment — a 15% entry cost on a non-yielding asset
- Timeline
- 1–3 months — If operable at all
- Physical presence
- None
- Family
- spouseminor children
- Permanent residency
- Subject to the same 4-of-5-years presence test
- Citizenship
- 5 further years of PR
- Language test
- Latvian language, history and Constitution exams
- Dual citizenship
- Not permitted — you would have to renounce
- Requirements
- documented source of fundsclean criminal record
- We could not verify that this route is currently usable. PMLP's page is four years stale. Call PMLP (+371 67209400) before any reliance.
- EUR 38,000 in fees on EUR 250,000 of zero-interest bonds is a guaranteed 15% loss before any opportunity cost — it was never commercially rational and take-up was negligible.
- Scheduled for abolition in any event under the new Immigration Law.