Latvia's new €150,000 investment residence route already faces repeal
Latvia's newly introduced €150,000 investment-fund residence route may disappear before it becomes operational — a repeal bill is already in committee, and the qualifying state fund has not yet been created.
Latvia's newly introduced €150,000 investment-fund residence route may disappear before it becomes operational. On 3 September 2026, five MPs from the PROGRESĪVIE parliamentary group submitted Bill 1521/Lp14, proposing to remove Article 27(1)(36) of Latvia's new Immigration Law.
The provision entered into force on 15 September 2026 and allows a foreign investor to obtain a temporary residence permit for up to five years where at least €150,000 is invested for no less than five years through a manager of a state-established alternative investment fund, and an additional €10,000 is paid into the Latvian state budget.
However, there is an important practical qualification: according to Latvia's Office of Citizenship and Migration Affairs, the relevant state-established fund has not yet been created. Accordingly, the new route is currently not operational in practice.
Bill 1521/Lp14 seeks to remove the €150,000 fund route from the Immigration Law altogether. On 10 September 2026, the Saeima voted to refer the bill to committee, with 65 MPs voting in favour, 17 against and none abstaining. The proposal therefore remains part of the legislative process and has not yet become law. If ultimately adopted, investors would no longer be able to rely on the newly created fund-investment route.
A residence route that exists on paper but has no qualifying fund — and an active repeal bill — is not a plannable option. Investors considering Baltic residence should treat this route as unavailable until the legislative process resolves, and structure around routes that are actually operational.