Based on subordinated obligations* with a credit institution, in the amount of no less than
EUR 280,000, subject to the following conditions:
- the term of the agreement with the credit institution is not less than 5 years;
- the investor, when applying for the initial residence permit on the basis of investment in a credit institution of Latvia, has paid a one-time state fee of EUR 25,000 into the national budget.
* Subordinated obligations with a credit institution in Latvia — these are obligations arising for a credit institution as a result of a loan (regardless of the form of the transaction), and which, based on the agreement concluded with the credit institution, grant the lender the right to demand repayment of the loan only in the event of insolvency or liquidation of the credit institution, and only after the claims of all other creditors have been satisfied, but before satisfying the claims of shareholders.