Latvia Golden Visa for Indians: 2026 Guide

The Latvia Golden Visa for Indians offers investors a fast and affordable route to EU residency through qualifying investment. Following the 1 September 2026 Immigration Law reform, the previous real estate, government bond, and bank deposit routes have been abolished for new applicants.

Indian investors can now qualify through €50,000 or €100,000 invested in a qualifying Latvian company, depending on the company’s size, or through a new €150,000 investment in a State-established Alternative Investment Fund Manager (AIFM). The program offers Schengen Area access, no requirement for full-time residence in Latvia, and a potential pathway to permanent residency and citizenship.  

LATVIA GOLDEN VISA FOR INDIANS: KEY TAKEAWAYS

The Latvia Golden Visa allows Indian investors to obtain Latvian temporary residency through qualifying investment.

Investment options include €50,000 or €100,000 in a qualifying Latvian company, depending on company size.

A new €150,000 AIFM route is also available, with the investment maintained for at least five years.

Company-based residence permits are issued for two years at a time, while the AIFM route provides a permit valid for up to five years.

A one-time €10,000 payment to the state budget applies to the investment routes.

Indian investors can travel visa-free throughout the Schengen Area for up to 90 days in any 180-day period.

Full-time residence in Latvia is not required to maintain temporary residency.

Investors may pursue permanent residency after five years and citizenship after ten years, subject to the applicable requirements.

The main applicant can include their spouse and dependent children, with other family members potentially eligible depending on the applicable requirements.

The Latvia Golden Visa allows non-EU nationals, including Indian citizens, to obtain Latvian residency through a qualifying investment. Following the 1 September 2026 Immigration Law reform, Indian investors can qualify through:

• €50,000 investment in a qualifying Latvian company
• €100,000 investment in a qualifying larger Latvian company
• €150,000 investment in a State-established Alternative Investment Fund Manager (AIFM), maintained for at least five years

The previous real estate, government bond, and bank deposit routes have been abolished for new applicants.

Company-based residence permits are issued for two years at a time, while the AIFM route provides a permit valid for up to five years. After five years of qualifying residence, applicants may pursue permanent residency, while citizenship may be possible after ten years, subject to the relevant 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 offers one of the lowest investment thresholds for EU residency, with qualifying investments starting at €50,000 in a Latvian company. Investors can also choose the €100,000 company route or the new €150,000 AIFM route.

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 current requirement says applicants must maintain the qualifying investment for five years.

• Be 18 or older
• Be a non-EU national
• Have no criminal history
• Meet the investment requirements for the selected route
• Maintain the qualifying investment and meet the applicable ongoing requirements
• Comply with residence permit renewal requirements

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 your investment: Choose a qualifying investment route: €50,000 or €100,000 in a Latvian company, or €150,000 through the AIFM route. Complete the investment before submitting the residence permit application and keep all supporting evidence.
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 temporary residence permit. Company-based permits are issued for two years at a time, while the AIFM route provides a permit valid for up to five years. 
7. Step 7: Maintain your residence permit: Maintain the qualifying investment and meet the ongoing requirements for your selected route. Company-based permits can be renewed every two years, while the AIFM investment must be maintained for at least five years. 
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.