Latvia Golden Visa for Indians: 2026 Guide

The Latvia Golden Visa for Indians offers investors a fast and affordable route to EU residency. By making a qualifying investment, ranging from €50,000 in a business to over €250,000 in real estate, government bonds, or bank deposits, you can obtain a renewable five-year residence permit for yourself and your family.  

This program offers visa-free access to the Schengen Area, no physical stay requirements, and a clear pathway to a permanent residence permit and Latvian citizenship, making it an ideal option for those seeking a Plan B with European access.  

LATVIA GOLDEN VISA FOR INDIANS: KEY TAKEAWAYS

The Latvia Golden Visa grants Indian investors a 5-year EU residence permit with a path to citizenship. 

Minimum investment: €50,000 for business, €250,000+ for real estate or bonds; bank deposits €280,000. 

Temporary residence can be converted to permanent residency after 5 years and citizenship after 10 years. 

Indian applicants can gain visa-free travel across 27 Schengen countries for up to 90 days in any 180-day period. 

Applicants must be 18+, have a clean criminal record, and show proof of legal funds. 

No mandatory full-time residence is required. 

The main applicant can include their spouse and dependent children. 

Latvia offers a high quality of life, affordable cost of living, and strong real estate growth potential. 

The Latvia Golden Visa grants non-EU nationals, including Indian citizens, a renewable five-year temporary residence permit in exchange for a qualifying investment. 

Indian investors can choose from four the following: 

• Real estate (€250,000) 
• Business (€50,000) 
• Government bonds (€250,000) 
• Bank deposit (€280,000) 

After five years with temporary residency, Indian applicants may pursue a permanent residency pathway, and after ten years, may be eligible for Latvia citizenship.  

Global Citizen Solutions can help Latvian Golden Visa investors identify the most suitable investment option and make sure it meets all program requirements. 

The table below outlines the main investment routes for Indian applicants under the Latvia Golden Visa program.  

Family inclusion 

You can include your spouse, dependent children, and sometimes financially dependent parents in your application. This lets your whole family have full residency rights and access to healthcare and education in Latvia. 

Pathway to long-term residency and citizenship 

Indian investors can apply for permanent residency after legally living in Latvia for five years. After ten years, you may apply for citizenship.  

Important to note: India does not allow dual citizenship, so you would need to choose between Latvian and Indian citizenship.

Visa-free Schengen travel 

Indians can travel freely across Schengen Area once they obtain the Latvian Golden Visa. Visa free countries include France, Germany, Italy, Spain, Netherlands, Switzerland, Austria, Belgium, Sweden, Portugal, Greece, Norway, Denmark, Finland, and Czech Republic. 

No mandatory stay requirements 

The Latvian Golden Visa does not require full-time residence in Latvia. This allows investors to maintain their life in India while holding European residency as a Plan B for the future. 

Affordable access to the EU 

Latvia has one of the lowest minimum investments for EU residency, starting at just €50,000. 

High quality of life and infrastructure 

Indians living in Latvia can enjoy excellent healthcare, quality education, and a business-friendly environment, making it a great place to start a business and raise a family.  

The latest Latvia Golden Visa requirements for Indians include: 

• Valid Indian passport 
• Clean criminal record 
• Proof of lawful source of funds 
• Proof of sufficient financial resources 
• Comprehensive health insurance 
• Completed investment prior to application 

Global Citizen Solutions works alongside trusted Latvia immigration lawyers, making sure your application meets all requirements.  

Financial requirements for the Latvia Golden Visa for Indians 

Latvian Golden Visa applicants must demonstrate sufficient income to support themselves and their dependents. The required amount is based on Latvia’s minimum wage. 

The minimum wage in Latvia in  is €780 per month. The minimum monthly amounts are as follows: 

It’s worth keeping in mind that you may need to provide proof, including bank statements, salary slips, or business income documents. GCS helps Indian investors prepare and present these financial documents correctly to meet Latvian requirements. 

The Latvia Golden Visa eligibility criteria for Indian citizens include: 

• Being 18 or older 
• Be a non-EU nationality 
• Have no criminal history 
• Be able to maintain the qualifying investment for five years 
• Comply with residency renewal requirements 

The documents required for Latvia Golden Visa from India generally include: 

• Passport copy 
• Proof of investment 
• Source of funds documentation 
• Bank statements 
• Criminal clearance certificate (apostilled) 
• Health insurance for all family members 
• Proof of accommodation in Latvia 
• Marriage and birth certificates (if applying with family) 

Global Citizen Solutions guides Latvian Golden Visa investors through document preparation, authentication, and translations to avoid delays or errors in their application. 

Indian citizens can follow this step-by-step process when applying for the Latvia Golden Visa in : 

1. Step 1: Initial assessment and due diligence: Provide a passport copy and undergo a preliminary due diligence check to confirm eligibility. 
2. Step 2: Select and complete investment: Choose a qualifying investment option (real estate, business, bank deposit, or Latvian government bonds) and complete the investment prior to submitting the application. 
3. Step 3: Document preparation: Gather the required documents, including proof of investment, source of funds, health insurance, clean criminal record certificates, and proof of financial means. 
4. Step 4: Application submission: Submit the application to the Office of Citizenship and Migration Affairs (OCMA). 
5. Step 5: D-visa issuance: Once the application is accepted, a temporary D-visa is issued to allow entry into Latvia to complete the residency application. 
6. Step 6: Biometrics and residence permit issuance: Attend a biometrics appointment in Latvia. If approved, you receive a five-year temporary Latvia residence permit. 
7. Step 7: Annual registration: During the five years, Indian applicants are required to demonstrate that their initial investment is still being maintained each year. 
8. Step 8: Permanent residency and citizenship: After the five years, applicants can apply for permanent residency in Latvia. After ten years of legal residence, applicants can then apply for citizenship. 

GCS supports Indian investors throughout the entire process. From eligibility assessment and investment proposals to application submission and long-term Latvian residency planning. 

Indian applicants can submit their residence permit application at the Embassy of Latvia in New Delhi. The Embassy forwards the application to the Office of Citizenship and Migration Affairs (OCMA) in Latvia for processing.  

After approval, applicants must travel to Latvia in person to complete biometrics and collect their residence permit card.  

Please note: The Consulate in Chennai can provide guidance but does not independently process Golden Visa applications. 

Global Citizen Solutions supports Indian investors throughout the process, ensuring all documents meet Latvian requirements before travel. We work alongside the very best Latvia Golden Visa lawyers, making sure your application is complete and legal.