According to IMI Daily, the €250,000 real-estate route and the €280,000 deposit route close under the new Immigration Law, while applications filed up to 14 September are assessed under the old rules.
According to IMI Daily, Latvia's new Immigration Law closes the residence routes based on real estate (a minimum of €250,000) and on a bank deposit (a €280,000 subordinated deposit) after sixteen years. Applications filed up to and including 14 September 2026 are assessed under the current rules; the routes are closed to new applications from 15 September.
The article lists the legislative steps. Parliament passed the law on 11 June by 65 votes to 17, an amendment barring Russian and Belarusian citizens from the fund route followed on 18 June, and the law was passed again on 20 August with added security vetting.
The routes that remain are an investment in a Latvian company, with €50,000 of equity for a small business or €100,000 for a company with 50 or more employees and a turnover of €10 million or more, plus a €10,000 payment to the state, and the permit now runs for two years instead of five. A new route of €150,000 placed through a state-set-up alternative investment fund manager, with a five-year minimum holding and the same €10,000 payment, gives a permit of up to five years. IMI Daily notes that legal experts say the fund vehicle does not appear to be fully operational yet, and that both routes exclude Russian and Belarusian citizens.