Residence Permit in Latvia €150 000 for 5 Years

Latvia’s new Immigration Law provides a separate legal basis for obtaining a temporary residence permit through an investment of at least €150,000.

This is a new investment mechanism that is intended to operate through an alternative investment fund structure provided for by law. The minimum investment period is five years.

For investors, it is particularly important to distinguish between the conditions already established by law and the practical launch of the new mechanism. The law enters into force on 15 September 2026. However, before making an investment, it is necessary to confirm that the relevant procedure has actually become operational.

Key Facts About the €150,000 Investment

- minimum investment amount - €150,000;
- minimum investment period - 5 years;
- an additional payment of €10,000 to the state budget is required;
- the investment must be made through the alternative investment fund mechanism provided for by law;
- the investment agreement must remain in force, and the investment amount must not fall below €150,000;
- the new residence permit basis does not apply to citizens of Russia and Belarus;
- the ability to submit an application in practice depends on the actual launch of the investment mechanism.

Where Is the €150,000 Invested?

The new mechanism does not mean that an applicant can independently choose any Latvian company, fund or other asset, invest €150,000 in it and qualify for a residence permit. The law establishes a specific structure: the investment must be made through an alternative investment fund manager as provided for by law.

How Long Must the €150,000 Be Invested?

The law establishes a minimum investment period of at least five years. The €150,000 cannot be treated as a short-term investment that can be withdrawn immediately after obtaining a residence permit. The investment agreement must remain in force and the investment amount must not fall below the level established by law.

How Much Must Actually Be Invested?

The minimum investment is €150,000. In addition, the law provides for a payment of €10,000 to the state budget. The state payment is not part of the investment and does not reduce the required €150,000 investment amount.

How Is the Legal Basis for the Residence Permit Maintained?

The law links the continued validity of the residence permit basis to the investment itself. The investment agreement must remain in force and the investment amount must not fall below €150,000.

When Will the New Investment Mechanism Become Operational?

The existence of a new investment basis in the Immigration Law does not necessarily mean that funds can already be transferred and a residence permit application submitted immediately. After the law enters into force, investors should verify whether the mechanism is operational, whether a fund manager has been designated, how the agreement is concluded, where funds are transferred, which documents are issued and whether applications are actually being accepted.

Who Cannot Use the New Investment Route?

The new €150,000 investment route does not apply to citizens of the Russian Federation or the Republic of Belarus. For citizens of other countries, eligibility should be assessed individually.

What Should Be Checked Before Making the Investment?

It is necessary to verify the applicable procedure, the recipient of the investment, the terms of the investment agreement, the required supporting documents and the current requirements of the Office of Citizenship and Migration Affairs (PMLP) as of the date of application.

Planning to Obtain an Investment Residence Permit in Latvia?

NBC.LV specialists monitor the practical implementation of the new investment route and can help assess the possibility of obtaining a residence permit based on the applicant’s citizenship and individual circumstances.