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Monthly Archives: November 2022

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5 Ways to Obtain UAE Residency Through employment and Investment
November 16, 2022
November 16, 2022

5 Ways to Obtain UAE Residency Through Employment and Investment

Author By Ajmera Law Group Categories Dubai Golden Visa, UAE, UAE business visa, UAE golden visa

UAE is the eye of attraction in the heart of the middle east. UAE is one of the fastest-growing economic countries in the world. Another factor that makes it unique is UAE’s city development, attracting immense tourism and immigrants from other countries. However, UAE doesn’t provide citizenship to everyone who comes into their country.

Although the UAE government grants neutralization to qualified investors and talents, there are specific categories and bars for foreign investors that help them get UAE citizenship.

Like other countries, UAE is running a residency program for foreign investors called the UAE Golden Visa program. It was launched in 2021. The program allows investors and unique talents to stay, work or study in the UAE.

Apart from investors, the UAE Golden Visa program also applies to others, such as scientists, professionals, entrepreneurs, and others.

As a reputed UAE Golden Visa Consultant in India, we have outlined 5 ways for investors to help them in obtaining UAE residency.  We are also authorized service provider for one of the UAE emirates, Ras Al-Khaimah government owned and operated RAKEZ free trade zone.

1. Employment visa

This is the easiest method to get residency in Dubai. You will require an offer letter from an already existing and well-established company in UAE to get an employment visa. After assessing your profile, the Ministry of Human Resources and Emiratisation (MoHRE) will issue your work permit to the employer. However, your residence in UAE will be based on contractual employment.

The first and most important thing you will require is for the company to hire you in UAE. Also, your previous work experience should match the job offered to you.

2. Golden visa for 10 years

Investors who wish to invest in public property can apply for this category to get UAE Residency by Investment. This category requires a minimum investment of AED 10 million. Investors can choose to invest in the local investment fund, real estate or start their own business with the given threshold. Apart from this, they can make investments of AED 10 million in an already existing company or business by acquiring shares.

For investing, investors will have to undergo a verification process to prove their source of funds. The UAE regime does not allow Investment through loans or borrowing money from other financial institutions. Also, the Investment held in the country should be committed for at least three years with financial competence of up to AED10 million.

Along with the investor, their family and children can apply for residency.

3. Golden visa for 5 years

The UAE government also runs 5 years extended golden visa program for investors, entrepreneurs, or business personnel. The minimum capital requirement is AED 5 million. Under the Golden visa program for 5 years extension, the Investment of minimum threshold must be held for 3 years in the UAE. Also, the capital should not be generated from financial bits of help like loans or borrowing to get a Dubai business visa by Investment or any other location in the UAE.

4. Startup or business expansion

After observing the great potential of startups and innovative businesses, the UAE regime made amendments to create flexible requirements for entrepreneurs and businesses.

The first major requirement for the startup is it must be registered in the UAE under the SMEs (small-to-medium enterprises) category. Also, the startup should be capable of generating revenue of at least AED 1 million annually.

To run startups in the UAE, entrepreneurs must have approval from the Ministry of Economy.

5. Self-employed

Digitalization has completely changed the world, and working methods have changed with time. People can now earn their bread and butter through self-employment or freelancing. UAE also provides visas to this self-employed workforce, called Freelance Visa Dubai. Furthermore, its government also grants green visas to freelancers and high-skilled workers, a 5-year self-sponsored residence permit.

Conclusion

UAE’s economy and progress are skyrocketing. Also, having a place in the Middle East provides investors access to Asian countries. After the inception of the UAE golden visa program, many Investors from India and other countries started applying for it. The country also runs the UAE business visa investment program to attract Investment from every corner of the world.

8 Different Options to Invest in Portugal for a Golden Visa
November 15, 2022
November 15, 2022

8 Different Options to Invest in Portugal for a Golden Visa and Expand Your Business in Europe

Author By Ajmera Law Group Categories Portugal, Portugal Golden Visa, Portugal Investor Visa

With open and unbiased policies, any country can attract people from other countries, especially when the host country is embarking on new milestones and progressing rapidly. Portugal tops the list of countries where the standard of living is high; hence, the government is attracting large amounts of investment from across the globe.

The reason for Portugal’s economic growth is its soft policy for foreign investors as well as the security and benefits it offers. Recently, the Portuguese regime introduced the golden visa program for non-EU investors that grants them residence permits for as minimum as five years in return for their investment.

Most sectors of Portugal see new heights through modernization and digitalization. However, as a reputable Portugal investor visa consultant in India, we outlined eight investment options for you to win a golden visa and, obviously, return too.

#1 Direct Investment in the company or business

If you were born with a business mind, you already know what business can bring back. Immersive opportunities are present in Portugal to expand the company as it is one of the European countries. It means business investment can directly give easy access to 26 Schengen countries.

Under the golden visa investment policy, you must invest more than €1 million in any company or business. Also, this business should be capable of generating employment for at least ten people.

#2 Government bonds and securities

In the last few decades, the economic growth of Portugal has increased. Government bonds and securities are another best way to invest in officially issued debt obligations. You can earn a yield on a specific interval in return for these bonds and securities.

It requires as minimum as €1 million investment in government securities and bonds.

#3 Investment funds or venture capital fund

Investment and venture capital funds are very famous options to capitalize on growing startups, businesses, or companies. Apart from its long-term profits, you can acquire a certain percentage of equity of the particular company. Your capital invested in the right business in Portugal has outstanding potential to bring you enormous profit back.

According to Portugal golden visa Investment, you must invest above €350,000 in a business funding round.

#4 Research activities

Portuguese have been involved in astronomical, marine, medical, technological, and other research for a long time because of their presence near the Atlantic Ocean. The Portuguese government’s research and development wing provide all needed support for innovations and research across the country. If you are a researcher or involved in R&D, there is no place like Portugal.

For the golden visa, you must make over €350,000 in any research activity located in Portugal to be a part of it.

#5 Artistic & cultural activities

Are you fond of creativity? If yes, then Portugal lets you embrace its roman legacy with the touch of other cultures like Celtic, Lusitanian, Phoenician, Germanic, Visigoth, Viking, Sephardic Jewish, and Moorish. Thousand-year-old art and painting are kept in museums that narrate their glorious history.

Golden visa guidelines state that you have to make an investment of above €250,000 in artistic production or any cultural revival activity.

#6 Investment in SMEs

According to the golden visa program, you can acquire or back any small and medium size company, though the investment should be more significant than €500,000. SMEs are holding up a significant proportion in Portugal’s companies. It is a win-win situation for both investors as well as SMEs.

#7 Residential real estate property

After acquiring residential real estate property, you can also become liable for a golden visa. To buy a residential property in a highly dense and particular interior area, you have to invest €500,000.

However, you can also buy residential real estate property with a lower budget at €350,000. However, this property must be a part of the rehabilitation project.

Also, if you buy the property in a low-populated area, then you can get a 20% discount on the maximum investment limit. This allows you to make investment of € 280,000 and receive Portugal golden visa with family.

#8 Commercial real estate property

The same rule applies to acquiring commercial real estate property as residential real estate. You can make property investments as low as €500,000 in the interior area and €350,000 in the low-density area.

Conclusion 

The golden visa program is undoubtedly a golden opportunity for investors planning to expand their businesses. Apart from permanent residency, the Portuguese regime also ensures the security of investors and their families. Top of this, capital investment under the Portuguese citizenship golden visa program opens the door to the entire Europe. So, you must consider Portugal and have it on the list while investing your money abroad. However, looking to the popularity of the program and recent statement made by president of Portugal, Golden visa may not remain open for long time.