This page compares Latvia residence by investment, a European Union residence route, with Turkey citizenship by investment, which can lead to a passport. One delivers residence inside the European Union. The other delivers citizenship outside it. We set out the differences and who each tends to suit.
Information, not advice. Figures are indicative and current as of June 2026. Always confirm the present rules with the official program authority and a licensed professional before you act.
Latvia residence by investment grants a residence permit in a European Union country in exchange for a qualifying investment. Turkey citizenship by investment grants Turkish citizenship, and therefore a passport, for a qualifying investment held for a set period. The headline difference is the outcome. Latvia gives European residence. Turkey gives citizenship in a country that is not in the European Union.
Latvia offers several routes. The main options are real estate from 250,000 euro held for at least five years, a bank deposit of 280,000 euro held for at least five years, or a business investment from 50,000 euro, with a higher band from 100,000 euro, plus a state fee. Turkey requires real estate of at least 400,000 United States dollars held for at least three years, or a bank deposit of at least 500,000 United States dollars held for at least three years. Confirm the current thresholds and any additional fees with each official authority.
Latvia processing commonly takes around three months from a completed investment to the residence card. Turkey citizenship by investment commonly takes about ten to twelve months from investment to passport. The Turkish route ends in citizenship, while Latvia ends in residence that can, over years and under separate rules, lead toward citizenship.
Latvia is a member of the European Union and the Schengen Area, so its residence permit gives wide access within Europe, though residence is not itself a passport. The Turkish passport offers strong regional and visa free travel and includes citizenship outright, but Turkey is not in the European Union, so it does not grant European Union free movement.
Latvia suits an investor who wants a foothold in the European Union with a clear path of residence and modest entry points. Turkey suits someone who wants a second citizenship and passport relatively quickly through real estate. Eligibility can depend on nationality, so confirm your own position with the official authority before committing.
| Item | Latvia Residence by Investment | Turkey Citizenship by Investment |
|---|---|---|
| What you receive | Residence permit | Citizenship and passport |
| Main route | Real estate from 250,000 euro | Real estate from 400,000 United States dollars |
| Other routes | Bank deposit 280,000 euro or business from 50,000 euro | Bank deposit from 500,000 United States dollars |
| Holding period | Five years | Three years |
| Typical timeline | Around three months | About ten to twelve months |
| Official authority | Office of Citizenship and Migration Affairs | General Directorate of Population and Citizenship Affairs |
Figures are indicative and current as of June 2026. Office of Citizenship and Migration Affairs (Latvia); General Directorate of Population and Citizenship Affairs (Turkiye) publishes the binding detail. Verify before you act.
No. It grants residence. Citizenship is a separate process that requires years of residence and other conditions. Confirm the current rules with the Office of Citizenship and Migration Affairs.
The published minimum is 400,000 United States dollars in property, held for at least three years. A bank deposit route from 500,000 United States dollars is also available. Confirm the current figures with the official authority.
Eligibility can depend on your nationality and current policy, especially for European Union residence routes. Confirm your own position with the official authority before committing funds.
Information, not advice. Figures are indicative and current as of June 2026. Always confirm the present rules with the official program authority and a licensed professional before you act.
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