Latvia · Residency by investment
Temporary Residence Permit for Subordinated Capital Investment
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Last verified July 2026
Live today, but scrapped under the new Immigration Law passed 11 June 2026 and currently returned by the President for reconsideration in autumn 2026.
Subordinated debt sits behind every other creditor in a Latvian bank. You are being asked to take genuine bank credit risk in a small market, for five years, in exchange for a permit that is about to be abolished. The risk-adjusted case is poor.
Qualifying routes
€280k
Subordinated liabilities with a Latvian credit institution
Minimum five-year term; EUR 25,000 state budget payment on first permit
The facts
- Minimum investment
- €280k
- Total landed cost
- EUR 280k locked for five years plus a EUR 25,000 non-refundable state payment
- Timeline
- 1–3 months — PMLP standard processing
- Physical presence
- None
- Family
- spouseminor childrendependent family members
- Permanent residency
- Same trap as the property route — 4 of 5 years physically present plus A2 Latvian
- Citizenship
- 5 further years of PR
- Language test
- Latvian language, history and Constitution exams
- Dual citizenship
- Not permitted — you would have to renounce
- Requirements
- five-year minimum termEUR 25,000 payment into the state budgetsubsistence of EUR 500/monthdocumented source of funds
What can go wrong
- Subordinated capital is by definition the last thing repaid in an insolvency. Latvia's banking sector has a history of failures — ABLV was wound down in 2018 after a US FinCEN money-laundering finding. This is not a deposit and is not covered by deposit guarantee.
- EUR 25,000 of the outlay is a pure non-refundable fee — roughly 9% of the investment.
- Scheduled for abolition under the June 2026 law.
- Russian and Belarusian citizens barred.
- Same presence/PR incompatibility as the real estate route.