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.

Applications under the €150,000 route: a review of official publications on 26 September 2026 found no confirmation that applications had opened. On 15 September 2026, PMLP reported that the fund had not yet been established and the provision was not yet applicable. The law has been in force since 15 September 2026, but this does not in itself mean that applications are open.

Our separate overview explains what makes the new investment option different and who may find it suitable.

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. Before transferring funds, the investor should obtain up-to-date official information confirming that the mechanism is ready to operate: where funds are transferred, how the investment agreement is concluded and which documents confirm compliance with the investment requirement for a residence permit.

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 The €150,000 cannot be treated as a short-term investment that can be withdrawn immediately after obtaining a residence permit.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 legal provision has been in force since 15 September 2026. 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. Before investing and submitting an application, investors should verify, using up-to-date information from PMLP and other competent authorities, 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.

Legal Basis and Sources

• The current Immigration Law (Imigrācijas likums), Section 27(1)(36): an investment of at least €150,000 for at least five years, an agreement and transfer of funds to the structure provided for by law, a €10,000 payment to the state budget and the possibility of applying for a temporary residence permit for up to five years.
• PMLP announcement of 15 September 2026 on the new Immigration Law: official guidance on the new legal framework. The current availability of investment and application procedures must be confirmed separately with the competent authorities.

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.