A rising number of global Malayalees are turning to Europe, particularly Latvia, for long-term residency, investment, and family relocation.
An increasing trend has seen global Malayalees focusing their attention on Europe, not merely for educational or tourist endeavors, but for more lasting pursuits such as residency, investment, and family relocation. This shift is being prominently led by Latvia, a tranquil and cost-effective EU country, which offers one of the most accessible residency-by-investment schemes in Europe.
Latvia’s program allows Malayalee families to secure a residence permit for the entire family, including spouses and children, with a real estate investment starting at €250,000. This opportunity has become increasingly appealing amid rising global interest.
According to Imperio, a reputable Europe-based advisory firm that assists clients globally, interest from Malayalees in regions such as the Gulf, the United Kingdom, Canada, and Kerala has significantly increased over the last year. The rising inclination towards Latvia is seen as a desirable choice due to its enticing offerings.
Gulzar from Imperio highlights that, though often overlooked, Latvia provides a comprehensive package with EU residency, safety, education in English, and a lower cost of living than that found in Western Europe. This investment promises families long-term security, the ability to move freely within the Schengen area, and a promising future for their children, according to Gulzar.
The appeal of Latvia’s residency-by-investment program lies in its straightforward nature and the broad benefits it confers, making it an attractive prospect for those looking to establish long-term roots in Europe. This option is now on the radar for many Malayalees worldwide, seeking a reliable gateway into the EU.