Last Updated: September 21, 2026

Global Retirement Report: Latvia

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Introduction

The 2026 Global Retirement Report & Index benchmarks 46 retirement, passive-income and non-lucrative visa programs as an allocation decision, a way to diversify tax, lifestyle and political exposure across borders. Each is scored on five weighted factors: Quality of Life, Mobility & Citizenship, Tax, Procedure, and Costs & Investment, combined into a single composite. Below is the program’s overall score and rank, followed by the five sub-indices that show where its real strengths and trade-offs lie.

Rankings Snapshot

Index	Ranking	Score
Overall Ranking	7th	98.0
Procedure Index	15th	78.1
Citizenship and Mobility Index	12th	95.6
Quality of Life Index	9th	84.7
Tax Optimization Index	29th	66.2
Costs and Invest Index	6th	98.2

Country Information at a Glance

Category	Details
Legal Provision	Latvia Passive Income Visa (TRP) — Immigration Law; retiree TRP available only to visa-free nationals (US, UK, CA, AU, IL, EU/EEA); applicant must be 65+.
Region	Europe
Income Requirements	€1,101/mo (2026, from 1 Apr; official PMLP = 2x prior-year avg old-age pension). 65+, visa-free nationals only; spouse ~€740/mo. Qualifying income: Pensions.
Processing Time	2 months
Family Member Inclusion	Family may be included; income +€500/adult and +€150/minor.
Tax Benefits	Worldwide taxation; income tax ~25.5% / 36%. Wealth tax: None. Inheritance tax: None. Retiree benefits: No special regime (worldwide taxation if tax-resident).
Path to Citizenship	10 years. Time spent on this visa counts toward the residency requirement for naturalisation.
Dual Citizenship	Conditional (EU/EEA, NATO, EFTA + a few)

Conclusion

Latvia places #7 of 46 overall (score 98.0), scoring strongest on Costs & Investment and weakest on Tax Optimisation. Its Latvia Passive Income Visa (TRP) sets an income bar of €1,101/mo, with citizenship possible after 10 years. It best suits budget-conscious retirees seeking low entry costs and thresholds; the main trade-off is that the tax treatment of foreign and retirement income is less favourable.

Footnotes

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