Latvia · Residency by investment
Temporary Residence Permit for Subordinated Capital Investment
Closed
Last verified
Closed to new applicants since 15 September 2026, together with the property route. Holders keep their permits and renew on the same bank investment.
This programme is closed. We keep the page up because agents still advertise it and readers still ask. Nothing below is available to new applicants.
The closure leaves equity in a Latvian company as the one open capital route, while holders who renew keep their money at risk in the bank.
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
- Not applicable. The route is closed.
- Route type
- Residency by investment
- Physical presence
- None for the permit.
- Permanent residency
- For existing holders: 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.
What can go wrong
- Subordinated liabilities are repaid last if the bank fails, and no deposit guarantee covers them. ABLV Bank went into liquidation in 2018 after a US Treasury money-laundering finding.
- A renewal is granted only if the holder files it while the current permit is valid and the bank investment still meets the old terms. The state budget payment is EUR 1,000 for every year of the old and new permits together, less what was paid for the old permit.