Residence Permits
Residence Permit in Latvia Through an Investment Fund from €150,000
Article 27, paragraph 1, point 36 of the revised Imigrācijas likums — which entered into force on 15 September 2026 — created a new residence permit ground for foreign nationals who invest at least €150,000 into a state-established alternative investment fund.
Overview
Latvia Investment Fund Residence Permit: What the Law Says Now
One critical caveat: this ground is not yet operational. The law is in force, but the state-established fund has not been created. Applications cannot be submitted yet. We are monitoring the rollout and will advise clients as soon as the mechanism is active.
Key Facts at a Glance
| Legal ground | Imigrācijas likums 27. panta pirmās daļas 36. punkts |
| Minimum investment | €150,000 |
| State fee | €10,000 |
| Status | Enacted — not yet operational |
| Processing time (once open) | 30 calendar days (standard); 10 calendar days (expedited) |
| Family members | Spouse, minor children, dependants |
| Path to permanent residency | After 5 years of continuous residence |
Who This Programme Is Designed For
The alternative investment fund Latvia residency route suits investors who want EU residency without operating a business in Latvia. Unlike the share capital investment ground (point 10), this route requires no Latvian company — the capital goes into a fund structure overseen by the state.
The model is passive: commit the capital, meet the programme conditions, receive your residence permit.
Nationality restriction: Citizens of Russia and Belarus cannot apply under point 36. Imigrācijas likums 27. pants, seventh and eighth paragraphs, states this explicitly. There is no exception under the current law.
Requirements (as enacted in law)
Once the fund becomes operational, applicants will need to satisfy the following:
- Minimum investment of €150,000 into the state-established alternative investment fund
- Payment of the €10,000 state fee
- Valid health insurance with minimum coverage of €42,600 (per current Cabinet of Ministers regulations)
- No criminal record
- Proof of lawful origin of invested funds
- Registered address in Latvia
The subscription mechanics — how capital is transferred, what documentation the fund manager will require, how investment confirmation is issued to PMLP — depend on the fund’s operating rules, which have not yet been published.
Advantages
What You Get
Once available, this permit grants the same residence rights as other investor permits in Latvia
Process
vs
Required Documents
Documents You Will Likely Need
Based on analogous investor permit grounds currently active under Imigrācijas likums, the document package for the Latvia residence permit €150,000 route will likely include:
Documents in English, Russian, Latvian, and German are accepted without certified translation. All other languages require a notarially certified translation into Latvian.
The exact list will be confirmed once the fund’s operating rules are published. We will update this page accordingly.
Valid passport (with at least 12 months’ validity beyond the permit period)
Completed PMLP application form
Proof of investment in the alternative investment fund (confirmation from the fund manager)
State fee payment receipt (€10,000)
Health insurance policy with minimum €42,600 coverage
Criminal record certificate from your country of citizenship and any country where you have resided in the past 12 months
Proof of registered address in Latvia
Documents confirming the lawful origin of funds
What Investors Usually Ask About This Route
When will applications open?
No official date has been announced. The law came into force on 15 September 2026, but the state-established fund must be constituted before PMLP can accept applications. Further regulatory acts are expected in the coming months.
Can I apply through a private alternative investment fund instead?
No. Point 36 of the Imigrācijas likums refers specifically to the state-established fund. Private fund investments do not qualify under this ground.
In practice, this is one of the questions clients ask most often — and the answer matters, because several private AIF structures marketed as “Latvia residency qualifying” do not meet the statutory requirement.
Want to Know When This Becomes Available?
This programme is worth watching. When it opens, it will be one of very few genuinely passive investor routes into the EU: no company to run, no employees to hire, no revenue targets to meet.
If you want to be notified the moment applications open, or if you want to explore other currently active routes to a Latvian residence permit, book a 30-minute consultation with Afortis. We will assess your situation and tell you exactly what your options are today.
Book a consultation — we will map out the right route for your specific case.
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