Fact sheet · November 2026
One of the most accessible entry points to EU residence, from EUR 60,000 through Latvian company equity, with visa-free travel across the Schengen Area.
Why Latvia
Latvia, one of the countries that form part of Europe's Schengen Area, is situated on the Baltic coast. Its Residence by Investment Program offers one of the most accessible entry points to EU residence. Under the new Immigration Law in force since 15 September 2026, investors can qualify through equity in a Latvian company or through a state-supervised investment fund, gaining the right to live, work and study in Latvia.
Key facts
- Minimum total, company route: EUR 60,000
- One-time state budget payment: EUR 10,000
- Minimum presence for permit renewal: None
- Legal residence before citizenship: 10 years
Key benefits
Schengen access
Visa-free access to the countries in Europe's Schengen Area.
No minimum presence
No minimum presence required to be eligible for a residence permit renewal.
Attractive tax system
An attractive tax system for those who qualify for residence.
Excellent transport links
Strong links with other EU member states and the Nordic and Baltic region.
Country profile
Population 1.8 million Languages Latvian; Russian and English spoken Economy Small, open, strong transit services Currency Euro
Program overview
Minimum investment of EUR 60,000 (EUR 50,000 company equity plus EUR 10,000 state payment) The right to live, work and study in Latvia, with visa-free access to the Schengen Area Eligibility to apply for citizenship after 10 years of legal residence
Investment routes
Select one route. Either route also requires a one-time EUR 10,000 payment to the state budget.
Smaller company equity EUR 50,000 Investment in the equity capital of a smaller Latvian company.
Larger company equity EUR 100,000 A company with more than 50 employees and over EUR 10 million turnover, paying at least EUR 40,000 in taxes annually.
Investment fund EUR 150,000 Held for at least five years through a state-established alternative investment fund manager. Implementing rules pending.
Main applicant requirements
Funds to support the family without social assistance: EUR 15,480 a year for a single main applicant
EUR 20,640 a year for a main applicant and spouse, or EUR 22,188 for a married couple with one child
Citizens of Russia and Belarus are not eligible for the
investment routes
The real estate route closed on 15 September 2026; applications filed by 14 September 2026 follow the previous rules.
Good to know
Temporary permits run up to 2 years on the company route and up to 5 years on the fund route
Permanent residence after five years, if four were lived in Latvia and a Latvian language test is passed
Two trips are needed: one to apply and open a bank
account, one to collect the permit
Your application journey
- Client contacts Phoenix Immigration Consulting Services
- Initial due diligence checks completed
- Client agreement signed and retainer paid
- Client travels to Latvia to apply and open a bank account
- Due diligence checks completed
- Application approved
- Client travels to Latvia again to collect the permit
- Temporary residence permit issued
Program rules, government fees, processing times and visa-free access can change at any time. Figures are indicative as of November 2026; please confirm current terms with Phoenix Immigration Consulting Services before applying. This fact sheet is for general information and is not legal advice.