Latvia gives investors an EU and Schengen base through residence-by-investment routes tied to a Latvian company, real estate, or a subordinated bank deposit. The government bond route closed on 20 May 2026. The permit is temporary residence, and citizenship comes only through later naturalisation, with dual nationality allowed on conditions.
Sources verified 2026-07-12
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Investment buys temporary residence, not a passport. Naturalisation opens only after five years of residence, and Latvia keeps dual citizenship conditional, allowed where the other nationality is EU, EFTA, or NATO.
Temporary residence tied to equity in a small Latvian company.
| Equity investment | EUR 50,000 |
| State budget payment | EUR 10,000 |
| Resident tax basis | Worldwide |
Company must have up to 50 employees and turnover or balance up to EUR 10 million.
Temporary residence tied to qualifying Latvian property.
| Property value | EUR 250,000 |
| State budget payment | 5% of price |
Cadastral value must be at least EUR 80,000.
Temporary residence tied to a five-year subordinated bank deposit.
| Subordinated deposit | EUR 280,000 |
| State budget payment | EUR 25,000 |
Deposit term runs at least five years with a Latvian credit institution.
These are decided by different authorities, under different rules, on different clocks. The one people get wrong is the second.
Granted by the immigration authority. Says nothing about tax.
The residence permit lets you live in Latvia. Tax residency is separate and can arrive without a single day being counted, because declaring a place of residence here is itself enough. A Latvian tax resident is taxed on worldwide income, so the registration step is worth understanding before you complete it rather than after.
The lowest route requires an equity investment of at least EUR 50,000 in a small Latvian business company.
PMLP
The real estate route requires property in Latvia with a total value of at least EUR 250,000.
PMLP
Naturalisation as a Latvian citizen requires five years of permanent residence before applying.
PMLP
Tax residents of Latvia pay personal income tax on income obtained in Latvia and in foreign states, a worldwide basis.
Latvijas Vestnesis
A generic read against Latvia's cited thresholds. Your plan weighs all six of your inputs against every destination.
For 2026, Latvia taxes a resident's annual income at 25.5% up to EUR 105,300 and 33% above that, plus an additional 3% on total annual income above EUR 200,000.
VID
In 2026 Latvia's non-taxable minimum is EUR 550 a month, EUR 6,600 a year, whatever the amount of income.
VID
The share capital investor route requires an equity investment of at least EUR 50,000 in a Latvian business company with no more than 50 employees and annual turnover or balance up to EUR 10 million, plus a EUR 10,000 payment into the state budget.
PMLP
The real estate owner route requires property in Latvia with a total value of at least EUR 250,000 and a cadastral value of at least EUR 80,000, plus a payment of 5 percent of the purchase value into the state budget.
PMLP
The subordinated deposit route requires subordinate liabilities toward a Latvian credit institution of at least EUR 280,000 for a term of at least five years, plus EUR 25,000 into the state budget.
PMLP
The government bond route closed on 20 May 2026. The amending act adopted on 23 April 2026 deleted point 31 from the first part of Article 23 of the Immigration Law, and the consolidated law now shows that point as excluded.
Latvijas Vestnesis
Tax residents of Latvia pay personal income tax on income obtained in the Republic of Latvia and in foreign states during the calendar year, a worldwide basis.
Latvijas Vestnesis
Naturalisation as a Latvian citizen requires that a person has lived in Latvia for the recent five years before applying.
PMLP
Latvia permits dual citizenship on conditions, including where the second citizenship is that of another EU member state, EFTA member state, or NATO member state.
PMLP
Moving to Latvia is four different jobs for four different people, and the order matters more than the choice of any one of them. Here is the sequence, what each person settles, and what to hold them to in writing.
Before you sell anything, move your family, or claim to have left
This is the one whose answer can make the rest of the plan pointless, so it is worth knowing before you spend anything on the rest. A residence permit somewhere else is not the same thing as having stopped being tax-resident where you are.
Ask for it in writing. A written residence and departure-date memo, with the tax on leaving set out asset by asset, and a list of the evidence your position depends on.
Six to twelve months before you intend to move
Routes look interchangeable from outside and are not. Which one you qualify for depends on evidence you may not have gathered yet, and gathering it is often the long pole.
Ask for it in writing. A route recommendation with the eligibility tested against your documents, plus a dated checklist of what is still missing.
Only after the lawyer has frozen the list
Ordering apostilles and translations before the list is settled is the most common way to pay twice. Certified documents also expire, so starting early can be worse than starting late.
Ask for it in writing. Authenticated originals and accepted translations, tracked so you know where every document physically is.
Once your status is approved
Approval is not the same as a working life. Banking, health cover, and a tenancy each have their own requirements, and several of them want the paperwork from the earlier stages.
Ask for it in writing. A working household: identity documents, an address, cover, banking, and a calendar of what renews when.
A licence is not the same as a good engagement. These are worth asking on the first call with anyone you find, in the Vetted Directory or outside it.
OmniFlag is not a law firm or a tax adviser. Experts are retained independently and their engagement letter defines what they advise on, what they file, and what they deliver.
A note for US citizens and green-card holders. US federal tax follows you wherever you live. A move to Latvia does not reduce your US federal tax, and this page makes no such claim.
Once you become a Latvian tax resident, Latvia taxes your income earned in Latvia and in foreign states, a worldwide basis, not just local income.
Dual citizenship is conditional, not guaranteed. Latvia permits it where the second nationality is that of an EU, EFTA, or NATO member state, so holders of other nationalities may have to renounce.
Investment secures temporary residence only. Naturalisation requires living in Latvia for the recent five years before applying, subject to language and other statutory requirements, so the passport rewards people who actually live there, not passive investors.
Naturalisation opens after five years of residence in Latvia, subject to language and other statutory requirements.
Naturalisation (PMLP)
Latvia allows dual citizenship on conditions, including where the other citizenship is that of an EU, EFTA, or NATO member state.
Dual citizenship (PMLP)
An equity investment of at least EUR 50,000 in a small Latvian company, with an additional EUR 10,000 paid into the state budget.
Share capital investor residence permit (PMLP)
Southern Europe
Passive-income and remote-work residence, a defined path to a passport, and dual citizenship kept.
Southern Europe
Residence for income earned abroad, a flat-rate tax window for new arrivals, and a defined route to a passport.
Mediterranean
Non-domiciled tax status, residency you can plan around, and permit routes for retirees, investors, and remote workers.
OmniFlag ranks Latvia against your profile alongside every other destination it covers, and returns your Report with every claim cited. Nothing in it is read by a person: a claim it cannot cite does not render.
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OmniFlag helps you research and plan. It is not a law firm or tax advisor and does not give legal or tax advice. The filings go to licensed professionals you engage, and the order matters: a cross-border tax adviser where you are leaving, then an immigration lawyer in Latvia.