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Discovering Affordable Residency in Latvia: Your Gateway to Europe

  • Writer: amardeep ransi
    amardeep ransi
  • Jul 23
  • 3 min read

Updated: Aug 4

Are you dreaming of relocating to Europe? Are you looking for the most affordable yet strategic entry point into the Schengen zone? Latvia, a hidden gem in Northern Europe, offers one of the most straightforward and budget-friendly residency-by-investment programs for global investors — including Indian citizens. Whether you’re a frequent traveler, entrepreneur, or someone exploring global mobility options, Latvia immigration through investment is a practical path to secure European residency with visa-free access across the Schengen area.


🌍 Why Choose Latvia for Residency?

Latvia is an attractive destination for many reasons:

  • Central Location: Situated in the heart of Europe, it provides easy access to 26 Schengen countries.

  • Affordability: The cost of living is low, making it an economical choice.

  • Natural Beauty: Enjoy beautiful landscapes and a peaceful environment.

  • Quality of Life: Experience a high standard of living with modern amenities.

  • Language: Many locals speak English, Russian, and German, minimizing language barriers.


🏠 1. Real Estate Investment in Latvia

One of the most popular immigration routes to Latvia is through real estate investment. This visa option allows investors to gain a Temporary Residence Permit (TRP), which can be renewed annually.


Key Requirements:

  • Minimum Investment: Invest a minimum of €250,000 in a residential or commercial property.

  • Government Fee: Pay a one-time government fee of €5,000.

  • Property Conditions: The property must be purchased from a registered Latvian company and must be debt-free.


This option is ideal for those looking to establish a second home in Europe or build long-term capital through Latvian real estate.


💼 2. Business Investment in Latvia

If you’re a business owner or investor, Latvia offers a business immigration visa for those willing to invest in local companies.


Investment Options:

  • Single Company Investment: Invest €50,000 in a Latvian company with a minimum annual tax contribution of €40,000.

  • Multiple Businesses: Invest €100,000 across multiple businesses.

  • Processing Fee: A government processing fee of €10,000 applies.


This path is perfect for Indian entrepreneurs wanting to expand their operations in Europe or start a business in the EU.


💳 3. Bank Deposit Option

Looking for a passive route? Latvia allows foreign nationals to secure a visa by placing a subordinated deposit of €280,000 in a Latvian bank for at least 5 years.


Benefits:

  • Minimal Involvement: This option requires little active management.

  • State Fee: One-time state fee of €25,000.

  • Interest: Some banks offer interest on the deposit.


✅ Eligibility & Documentation

To apply for a Latvia investment visa or residence permit, applicants must meet the following criteria:

  • Valid Passport: Hold a valid Indian passport.

  • Proof of Investment: Provide proof of investment (property title, share certificate, or bank receipt).

  • Medical Insurance: Submit medical insurance valid in Latvia.

  • Criminal Record: Provide a clean criminal record.

  • Financial Means: Show financial means to support themselves and dependents.

  • Document Translation: Translate and legalize all documents as per Latvian regulations.


✈️ Apply for Latvia Visa Services from India

Yes — Indian citizens can apply directly from India for Latvian residency through investment. Applications can be submitted via the Latvian Embassy in New Delhi or through authorized VFS visa centers. Once approved, you’ll receive a residence card that gives you full access to travel, work, and live in Latvia.


🌐 Let Hatton Cross Immigration Services Help You

At Hatton Cross Immigration Services, we provide complete assistance for Latvia visa services, including:

  • Property or Business Investment Guidance: Get expert advice tailored to your needs.

  • Documentation & Legalization Support: Ensure all your paperwork is in order.

  • End-to-End Application Filing: We handle the entire application process for you.

  • Embassy/VFS Coordination: We liaise with the necessary authorities.

  • Post-Arrival Support: Assistance once you arrive in Latvia.


Our expertise in immigration and visa services for Latvia ensures a smooth and successful application process from India to Europe.


📞 Ready to Start Your European Journey?

Let us help you turn your travel and investment goals into reality. Contact Hatton Cross Immigration Services today and explore your Latvia immigration options with expert guidance.


👉 Visit www.hattoncrossimmigration.com 📞 Call us at: +91 79868 51267


Conclusion

Relocating to Latvia offers a unique opportunity for Indian citizens seeking a foothold in Europe. With its affordable residency options, beautiful landscapes, and welcoming atmosphere, Latvia stands out as a prime choice for investment and living. Whether through real estate, business ventures, or bank deposits, the pathways to residency are clear and accessible. Start your journey today and embrace the possibilities that await you in Latvia!

 
 
 

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