Passive Income

Temporary Residence Permit for Pensioners

💰 Minimum Income
€1,101
per month
EUR 1,101/month minimum pension income (double the average old-age pension for the previous year). Recalculated annually. Only pension income qualifies — other passive income sources are not sufficient.
⏱️ Duration
Up to 5 years with annual card re-registration. Permanent residence possible after 5 continuous years of lawful temporary residence.
👪 Dependants
Yes
Spouse may obtain a permit for the same duration regardless of age. Minor children may accompany with additional EUR 234/month per child.

Latvia's Temporary Residence Permit for Pensioners allows retired foreign nationals from visa-free countries to reside in the country for up to five years on their pension income. Established under Section 23(1) Clause 26 of the Immigration Law, the program is administered by the Office of Citizenship and Migration Affairs (PMLP). It targets retirees aged 65 or older from approximately 90 visa-free countries, including the United States, United Kingdom, Canada, Australia, Israel, Japan, South Korea, Ukraine, and Georgia.

Requirements
  • Citizen of a country whose nationals may enter Latvia without a visa (approximately 90+ countries)
  • Aged 65 or older (Latvia's statutory retirement age as of January 2025)
  • Personal and regular pension income of at least EUR 1,101/month
  • Valid health insurance covering Latvia with minimum liability of EUR 42,600, covering emergency care, hospitalization, medical transport, and repatriation
  • Declared place of residence in Latvia (rental contract, property ownership, or written consent from property owner)
  • No educational or professional qualifications required
Required Documents
  • Full copy of valid passport (self-certified)
  • Completed PMLP residence permit request form
  • Photograph
  • Pension certificate and bank statements showing regular pension income of at least EUR 1,101/month
  • Valid health insurance policy meeting coverage requirements
  • Proof of state duty payment
  • For accompanying family members: documents certifying family relationship and notarized parental consent for minor children
Duration & Renewal

The permit is issued for up to 5 years. The residence permit card must be re-registered annually, requiring an in-person visit to PMLP for updated biometrics (fingerprints and facial photograph). Re-registration applications should be submitted at least 30 days before the current registration expires. Continued compliance with pension income and health insurance requirements must be demonstrated at each renewal. A new 5-year permit may be requested before the existing one expires.

Family Members

The pensioner's spouse may obtain a residence permit for the same duration regardless of whether they have reached retirement age. Minor children may accompany the pensioner with proof of family relationship (birth certificate), notarized consent from the non-travelling parent or a court custody decision, and additional subsistence of EUR 234/month per child. Adult children do not qualify as dependants and must apply under a separate category.

Tax Implications

Holding a Latvian residence permit does not automatically create tax residency. Tax residency is triggered if the declared place of residence is in Latvia or if the holder is physically present for 183 or more days in any 12-month period. Latvia has concluded 62 double taxation avoidance agreements, which take precedence over domestic law. Pension income may remain taxable only in the country of origin depending on the applicable treaty.

Application Process

Applicants submit documents to PMLP at a territorial branch in Latvia or at a Latvian diplomatic or consular representation abroad. Citizens of visa-free countries may enter Latvia without a visa for up to 90 days and submit the application directly at a PMLP branch during this stay. Processing takes 30 days standard (EUR 160), 10 working days expedited (EUR 280), or 5 working days urgent (EUR 560). Additional fees apply for residence permit card registration (EUR 75-290) and ID card issuance (EUR 45-80). Biometric data must be provided for the residence permit card.

Employment Restrictions

The pensioner residence permit does not include the right to employment in Latvia. Holders may not work for Latvian employers without obtaining a separate work permit and employment-related residence permit.

Path to Permanent Residence

After 5 years of continuous lawful temporary residence (with absences not exceeding 6 consecutive months or 10 months total), holders may apply for permanent residence (EU long-term resident status). Requirements include Latvian language proficiency at A2 level, stable income of at least the minimum wage (EUR 780/month) or a Latvian pension, continuous health insurance, and a declared place of residence in Latvia.

Other Visa Programs in Europe

Country
Program
Income
Investment
Funds Required
Capital Required
Duration
Dependants
Citizenship
Compare
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🇦🇩 Andorra
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🇦🇩 Andorra
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🇦🇩 Andorra
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🇦🇩 Andorra
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€1,000,000 one-time
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🇦🇹 Austria
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🇧🇾 Belarus
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🇧🇪 Belgium
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🇧🇪 Belgium
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🇧🇬 Bulgaria
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🇧🇬 Bulgaria
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🇧🇬 Bulgaria
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€512,000 one-time
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🇧🇬 Bulgaria
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€1,860 one-time
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🇭🇷 Croatia
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🇭🇷 Croatia
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€3,623 / month
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🇨🇾 Cyprus
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Yes
🇨🇾 Cyprus
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€798 / month
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Yes (7yr)
🇨🇾 Cyprus
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€3,500 / month
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No
🇨🇾 Cyprus
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€300,000 one-time
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Yes (7yr)
🇨🇾 Cyprus
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€20,000 one-time
3 years — 5 years
Yes
🇨🇿 Czech Republic
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CZK 69,248 / month
1 year — 3 years
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🇨🇿 Czech Republic
Long-Term Residence Permit for the Purpose of Investment
CZK 75,000,000 one-time
2 years
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Yes (5yr)
🇩🇰 Denmark
Start-up Denmark
DKK 153,240 one-time
2 years — 5 years
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Yes (8yr)
🇪🇪 Estonia
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€4,500 / month
90 days — 1 year
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No
🇪🇪 Estonia
Residence Permit for Major Investor
€1,000,000 one-time
5 years — 10 years
Yes
🇪🇪 Estonia
Startup Visa
€880 / month
1 year — 5 years
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🇫🇮 Finland
Residence Permit for Work in Culture or Arts
€1,463 / month
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Yes
🇫🇮 Finland
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🇫🇷 France
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🇫🇷 France
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🇫🇷 France
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4 years
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🇩🇪 Germany
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🇩🇪 Germany
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🇩🇪 Germany
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🇩🇪 Germany
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🇩🇪 Germany
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🇬🇷 Greece
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€3,500 / month
1 year — 2 years
Yes
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🇬🇷 Greece
Golden Visa (Permanent Residence Permit for Investor)
€400,000 one-time
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Yes
Yes (7yr)
🇬🇷 Greece
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3 years — Permanent
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Yes (5yr)
🇬🇷 Greece
Talent Visa
1 year
Yes
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🇬🇬 Guernsey
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£200,000 one-time
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Yes
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🇬🇬 Guernsey
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£1,000,000 one-time
2 years — 5 years
Yes
Yes
🇭🇺 Hungary
Guest Investor Residence Permit
€250,000 one-time
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Yes
Yes
🇭🇺 Hungary
Guest Self-Employment Residence Permit
No fixed capital requirem...
1 year — 3 years
Yes
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🇭🇺 Hungary
White Card
€3,000 / month
1 year — 2 years
No
🇮🇸 Iceland
Long-Term Visa for Remote Work
ISK 1,000,000 / month
90 days — 180 days
Yes
No
🇮🇪 Ireland
Stamp 0 (Person of Independent Means)
€50,000 / year
1 year
No
No
🇮🇪 Ireland
Start-Up Entrepreneur Programme (STEP)
€50,000 one-time
2 years — 5 years
Yes
Yes (5yr)
🇮🇲 Isle of Man
Innovator Visa
£50,000 one-time
3 years — Permanent
Yes
Yes
🇮🇲 Isle of Man
Start-Up Visa
£945 one-time
2 years
Yes
No
🇮🇹 Italy
Digital Nomad Visa
€24,789 / year
1 year
Yes
Yes (5yr)
🇮🇹 Italy
Elective Residence Visa
€32,000 / year
1 year — 2 years
Yes
Yes (10yr)
🇮🇹 Italy
Investor Visa for Italy
€250,000 one-time
2 years — 3 years
Yes
Yes (10yr)
🇮🇹 Italy
Italia Startup Visa
€50,000 one-time
1 year — 2 years
Yes
Yes (10yr)
🇯🇪 Jersey
High Value Residency Programme
£3,500,000 one-time
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Yes
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🇽🇰 Kosovo
Self-Employment Work Permit
No fixed minimum capital....
1 year — 5 years
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🇱🇻 Latvia
Investor Residence Permit
€50,000 one-time
5 years
Yes
Yes
🇱🇻 Latvia
Long-Stay Visa for Remote Work
€4,213 / month
1 year — 2 years
No
Yes
🇱🇻 Latvia
Startup Visa
€2,800 one-time
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Yes
Yes
🇱🇻 Latvia
Temporary Residence Permit for Pensioners
€1,101 / month
5 years
Yes
🇱🇮 Liechtenstein
Residence Permit Without Gainful Employment
CHF 100,000 / year
1 year
Yes
Yes
🇱🇹 Lithuania
Startup Visa
€1,000 one-time
1 year — 2 years
Yes
Yes (10yr)
🇱🇺 Luxembourg
Investor Residence Permit
€500,000 one-time
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Yes (5yr)
🇱🇺 Luxembourg
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Must prove sufficient res...
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🇱🇺 Luxembourg
Residence Permit for Private Reasons
€2,704 / month
3 years
Yes
Yes (5yr)
🇱🇺 Luxembourg
Self-Employed Worker Residence Permit
No fixed minimum — adequa...
3 years — 5 years
Yes
🇲🇹 Malta
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€15,000 / year
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🇲🇹 Malta
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€68,000 one-time
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Yes
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🇲🇹 Malta
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€7,500 / year
1 year — Permanent
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No
🇲🇹 Malta
Nomad Residence Permit
€42,000 / year
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🇲🇹 Malta
Startup Residence Programme
€25,000 one-time
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Yes
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🇲🇹 Malta
The Residence Programme
€15,000 / year
1 year — Permanent
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🇲🇹 Malta
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€10,000 / year
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🇲🇩 Moldova
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€2,535 / month
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🇲🇩 Moldova
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€27,000 one-time
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🇲🇨 Monaco
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🇲🇪 Montenegro
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🇲🇪 Montenegro
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🇲🇪 Montenegro
Temporary Residence Permit for Property Owners
€150,000 one-time
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🇳🇱 Netherlands
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1 year
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🇳🇱 Netherlands
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€1,735 / month
1 year
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🇲🇰 North Macedonia
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1 year — 3 years
Yes
Yes (8yr)
🇳🇴 Norway
Self-Employment Residence Permit
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1 year
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🇵🇹 Portugal
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€920 / month
2 years — Permanent
Yes
Yes (5yr)
🇵🇹 Portugal
D8 Digital Nomad Visa
€3,680 / month
1 year
Yes
Yes (5yr)
🇵🇹 Portugal
Digital Nomad Residence Permit
€3,680 / month
2 years — Permanent
Yes
Yes (5yr)
🇵🇹 Portugal
Golden Visa
€500,000 one-time
2 years — Permanent
Yes
Yes (5yr)
🇵🇹 Portugal
Job Seeker Visa
€760 / month
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🇵🇹 Portugal
Residence Permit for Highly Qualified Activity
€1,611 / month
2 years — Permanent
Yes
Yes (5yr)
🇵🇹 Portugal
StartUP Visa
€6,446 one-time
2 years — Permanent
Yes
Yes (5yr)
🇷🇴 Romania
Digital Nomad Visa
€5,650 / month
6 months — 1 year
No
🇷🇴 Romania
Long-Stay Visa for Commercial Activities
€100,000 one-time
1 year — 3 years
Yes
🇷🇺 Russia
Impatriation Residence Permit
3 years — Permanent
Yes
Yes
🇷🇺 Russia
Investor Residence Permit
RUB 15,000,000 one-time
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Yes
Yes (5yr)
🇸🇲 San Marino
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€120,000 / year
10 years — Permanent
Yes
🇸🇲 San Marino
Elective Residence
€500,000 one-time
10 years — Permanent
Yes
Yes (30yr)
🇸🇲 San Marino
High-Tech Startup Residence
€1 one-time
1 year — Permanent
Yes
🇷🇸 Serbia
Investor Temporary Residence Permit
€50,000 one-time
6 months — 3 years
Yes
Yes
🇷🇸 Serbia
Property Ownership Temporary Residence Permit
Ownership of residential ...
3 years
Yes
Yes
🇷🇸 Serbia
Startup Temporary Residence Permit
1 year — 3 years
Yes
🇷🇸 Serbia
Talent Temporary Residence Permit
1 year — 3 years
Yes
🇸🇰 Slovakia
Temporary Residence for Business Purpose
€28,413 one-time
3 years
Yes
🇸🇮 Slovenia
Temporary Residence Permit for Digital Nomads
€3,222 / month
1 year
Yes
🇸🇮 Slovenia
Temporary Residence Permit for Other Justified Reasons
€494 / month
1 year
Yes
Yes (10yr)
🇪🇸 Spain
Entrepreneur Visa
No fixed capital requirem...
1 year — 3 years
Yes
Yes (10yr)
🇪🇸 Spain
International Telework Visa
€2,849 / month
1 year — 3 years
Yes
Yes (10yr)
🇪🇸 Spain
Non-Lucrative Residence Visa
€2,400 / month
1 year — 2 years
Yes
Yes (10yr)
🇸🇪 Sweden
Residence Permit for Job Seeking
Must prove sufficient fun...
9 months — 1 year
Yes
🇸🇪 Sweden
Residence Permit for Highly Qualified Persons
9 months
No
🇸🇪 Sweden
Self-Employment Residence Permit
SEK 200,000 one-time
1 year — 2 years
Yes
🇨🇭 Switzerland
Residence Permit Without Gainful Employment
CHF 25,200 / year
1 year — 5 years
Yes
Yes (10yr)
🇺🇦 Ukraine
Immigration Permit for Highly Qualified IT Specialists
Permanent
Yes
Yes (5yr)
🇺🇦 Ukraine
Immigration Permit for Investors
$100,000 one-time
Permanent
Yes
Yes
🇺🇦 Ukraine
Temporary Residence Permit for Investors
€100,000 one-time
2 years
No
🇬🇧 United Kingdom
Global Talent Visa
1 year — 5 years
Yes
Yes (4yr)
🇬🇧 United Kingdom
High Potential Individual Visa
2 years — 3 years
Yes
🇬🇧 United Kingdom
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3 years — Permanent
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