- Latvia’s Progressives filed a bill to end the €150,000 fund route still written into the Immigration Law.
- New applicants already lost the €250,000 real-estate track and the €280,000 bank-deposit route under the rewritten law.
- The fund option remains inactive because implementing rules and the state fund-manager structure are still missing.
Latvia's Progressives filed a bill to scrap the €150,000 fund-based investment route that survived in the new Immigration Law. The party wants it gone.
The wider rewrite came through the Saeima on August 20, 2026, when lawmakers re-adopted the law and President Edgars Rinkēvičs promulgated it. It was set to enter into force on September 15, 2026. The change was not a clean wipe. Under that framework, new applicants lose the old real-estate track at €250,000 and the subordinated bank-deposit track at €280,000, but the text still preserves a temporary residence permit pathway for investors. The split is now political, not technical.
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That surviving lane is narrower. It asks for at least €150,000 invested for at least five years through a state-created alternative investment fund manager, plus a €10,000 payment to the state budget. The permit can run for up to five years. The route remains on the books, but not in the market. Multiple 2026 summaries say it is still not operational because the fund structure and implementing rules have not been created. Paper is not practice.
Faction chair Andris Šuvajevs said after lawmakers reconsidered the law that the party intended to propose complete termination of the golden visa program in September. He was not calling for a tweak. His objection reaches the remaining investor residence channel itself, after the property route already disappeared. The bill is a direct challenge to the last surviving option. That is the fight.
Applications filed by September 14, 2026 remain covered by the old rules. Existing residence permit holders keep their rights under transition provisions. The line is fixed.
The fund route exists on paper, not at the counter
The state still has to build the fund-manager structure that the law describes, and that requirement is central to the route. Until the implementing rules arrive, applicants cannot use the channel as a normal filing lane. The text is there. The machinery is not.
| Route | Requirement | Status |
|---|---|---|
| Real-estate track | €250,000 | Removed for new applicants |
| Subordinated bank-deposit track | €280,000 | Removed for new applicants |
| Fund route | €150,000 for at least five years, plus €10,000 to the state budget | Written into the law, not yet operational |
Paper routes are easy targets. The missing manager remains the bottleneck. Without the state fund infrastructure, the investor channel cannot become a routine filing option, and the bill seeks to erase it before that changes. The next move sits with the Saeima.
