Latvia Investor · €50k share capital

Temporary residence permit for investing in the share capital of a Latvian company (increasing it or founding a new company) and paying EUR10,000 (≈ $11,200) to the state budget when applying for the first permit. ^{1 2 3 4}

What you must show and pay

• An investment of at least EUR 50,000 (≈ $55,900) · Company with no more than 50 employees and annual turnover or balance not above EUR10 million (≈ $11,200,000); at most 10 foreigners per company, each investing and paying EUR10,000 (≈ $11,200) to the state budget; the company must pay at least EUR40,000 (≈ $44,700) of taxes a year. ^{1 2}
• An investment of at least EUR 100,000 (≈ $112,000) · Company with more than 50 employees (with Latvian subsidiaries) and annual turnover or balance above EUR10 million (≈ $11,200,000); the company must pay at least EUR100,000 (≈ $112,000) of taxes a year. ^{1 2}
• Income of at least EUR 780 a month (≈ $870) · Means of subsistence equal to the monthly minimum wage (EUR 780 (≈ $870)), plus EUR 234 (≈ $260) per month for a minor child. ^{4 5}
• A fee of EUR 10,000 (≈ $11,200) · Payment to the state budget on first application, in addition to the investment. ^{1 2}
• A fee of EUR 2,000 (≈ $2,230) · Single payment to the state budget when the permit is requested again after at least five years of residence on this ground (Immigration Law Section 29(3)). It does not apply to a first permit; a request made more than 90 days after the previous permit expired, or for a different investment, is treated as a first request. ¹

Requirements

• The applicant is not a citizen of one of the states OCMA lists as excluded from this permit, which include Russia and Belarus. ⁴
• The investment is at least EUR 50,000 (≈ $55,900) in a company with no more than 50 employees. ¹
• That company has annual turnover or balance not above EUR 10 million (≈ $11,200,000) and pays at least EUR 40,000 (≈ $44,700) of taxes a year. ¹
• Up to 10 foreigners per company may use this route. ²
• The investment is at least EUR 100,000 (≈ $112,000) in a company with more than 50 employees (with Latvian subsidiaries). ¹
• That company has annual turnover or balance above EUR 10 million (≈ $11,200,000) and pays at least EUR 100,000 (≈ $112,000) of taxes a year. ¹
• Means of subsistence of EUR 780 (≈ $870) per month are shown, and EUR 234 (≈ $260) per month for each minor child. ^{4 5}
• A payment of EUR 10,000 (≈ $11,200) to the state budget is made after the decision. ^{2 1}
• A criminal record statement from the home country is submitted if the applicant lived there for over 12 months. ⁴
• Documents for an initial permit may be submitted in Latvian or English. ³
• An invitation is approved by the Office of Citizenship and Migration Affairs before submission. ^{2 1}
• The permit stays valid only while the company pays the required annual taxes into the state and municipal budgets. ¹
• When the permit is requested again after at least five years of residence on this ground, a single payment of EUR 2,000 (≈ $2,230) to the state budget is due. ¹

Stay

• Up to two years.
• First stay: up to 24 months, decided case by case.
• Renewable, subject to the conditions in force at renewal.

Nationality

Third-country nationals except citizens of the states OCMA lists as not entitled to apply for this permit, which include Russia and Belarus; the Cabinet can also suspend issue for nationals of specified countries. Not open to: Afghanistan, Austria, Bangladesh, Belgium, Bulgaria, Belarus, Switzerland, Cameroon, Cyprus, Czechia, Germany, Denmark, Algeria, Estonia, Egypt, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iraq, Iran, Iceland, Italy, Jordan, Kenya, North Korea, Lebanon, Liechtenstein, Lithuania, Luxembourg, Latvia, Libya, Morocco, Mali, Malta, Netherlands, Norway, Pakistan, Poland, Palestine, Portugal, Romania, Russia, Saudi Arabia, Sudan, Sweden, Slovenia, Slovakia, Somalia, South Sudan, Syria, Tajikistan, Tunisia, Yemen.

Work

Unrestricted employment rights (Immigration Law Section 44).

Family

Spouse and minor children can apply for a permit for the same period.

Checked 2026-10-12

Official sources

1. Immigration Law (adopted 20 August 2026, in force 15 September 2026) · Saeima of the Republic of Latvia (likumi.lv) · checked 2026-10-11 · published 2026-09-01
2. Share capital investor · Office of Citizenship and Migration Affairs (OCMA/PMLP) · checked 2026-10-10
3. New Immigration Law takes effect (15 September 2026) · Office of Citizenship and Migration Affairs (OCMA/PMLP) · checked 2026-10-11 · published 2026-09-15
4. Initial residence permit, equity capital investor: documents to be submitted (visa-required nationals) · Office of Citizenship and Migration Affairs · checked 2026-10-11 · published 2026-09-30
5. The necessary subsistence (from 1 April 2026) · Office of Citizenship and Migration Affairs (OCMA/PMLP) · checked 2026-10-11 · published 2026-03-16
6. The long-term resident status of the European Community in Latvia · Office of Citizenship and Migration Affairs (OCMA) · checked 2026-10-10 · published 2020-10-06
7. Naturalisation (Latvian citizenship) · Office of Citizenship and Migration Affairs (PMLP), Latvia · checked 2026-10-11