Latvia · Residency by investment
Temporary Residence Permit for Share Capital Investors
Reformed
Last verified
Open, with permits of up to two years instead of five since 15 September 2026. The investment tiers did not change.
This is the one investment route Latvia kept, and it suits an operating business: retained profits pay 0% corporate tax.
Qualifying routes
€50k
Equity in a small Latvian company
Company with up to 50 employees and annual turnover or balance sheet of up to EUR 10 million. It must pay at least EUR 40,000 a year in taxes.
€100k
Equity in a larger Latvian company
Company with more than 50 employees and annual turnover or balance sheet above EUR 10 million. It must pay at least EUR 100,000 a year in taxes.
€100k
Equity in a parent company with Latvian subsidiaries
The Latvian subsidiaries count toward the staff and size tests and toward the EUR 100,000 a year in taxes.
The facts
- Minimum investment
- €50k
- Total landed cost
- EUR 60,000 at the entry tier, EUR 50,000 of equity and EUR 10,000 to the state budget, plus company formation and accounting. The larger tier costs EUR 110,000.
- Route type
- Residency by investment
- Timeline
- 1–4 months (PMLP decides within 30 days, or within four months when it extends the term.)
- 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 clean criminal record and a documented source of fundsGenuine business activity
What can go wrong
- Two-year permits mean two renewals in the first five years, and a renewal filed more than 90 days after expiry or with a new investment counts as a first application. From five years of residence on this ground, each renewal adds a EUR 2,000 payment to the state budget.
- The permit stays valid only while the company passes the tax test in every reporting year, and taxes refunded from the budget do not count toward it.
- One company in the EUR 50,000 tier carries permits for no more than 10 foreign investors. Check how many it already holds before you invest.
- 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.