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Yearly Archives: 2025

Ajmera Law   →  2025
April 7, 2025
April 7, 2025

A Comprehensive Guide to the Portugal Golden Visa via Investment Funds

Author By Prashant Ajmera Categories Europe, Europe Golden Visa, European Citizenship, Portugal, Portugal Golden Visa, Portugal Investor Visa, Second Passport

A Comprehensive Guide to the Portugal Golden Visa via Investment Funds

Portugal’s Golden Visa program is one of the most sought-after residency-by-investment options in Europe. Designed to attract international investors, this program allows non-EU citizens to secure residency in Portugal by making qualifying investments. Among the various investment options, investing in a Portuguese investment fund is gaining significant popularity due to its flexibility and potential financial returns. Here, we outline the basic requirements, advantages, application process, and associated costs for securing a Portugal Golden Visa through fund investment.

Basic Requirements for Portugal Golden Visa via Fund Investment

To qualify for a Portugal Golden Visa through investment funds, applicants must meet the following requirements:

  1. Minimum Investment:
    • Invest at least €500,000 in a qualifying Portuguese investment fund.
  2. Fund Eligibility:
    • The fund must be registered with the Portuguese Securities Market Commission (CMVM).
    • It should primarily focus on Portuguese companies, often in real estate, technology, or other high-growth sectors.
  3. Hold Period:
    • Maintain the investment for a minimum of five years.
  4. Documentation:
    • Valid passport and proof of legal residence.
    • Proof of investment in the qualifying fund.
    • Criminal record certificate from the country of origin or residence.
    • Proof of health insurance valid in Portugal.

Advantages of Investing in Funds for the Golden Visa

  1. Lower Involvement in Real Estate:
    • Unlike property purchases, fund investments require less direct management, making it ideal for remote investors.
  2. Diversification:
    • Funds offer diversified portfolios across various industries, potentially lowering investment risks.
  3. Higher Liquidity:
    • Funds are often more liquid compared to real estate, allowing for easier exit strategies after the required holding period.
  4. Potential Returns:
    • Investment funds are professionally managed, often providing attractive financial returns.
  5. Ease of Compliance:
    • No need for additional costs such as property maintenance or taxes related to ownership.

Application Process for Portugal Golden Visa

  1. Choose a Qualifying Fund:
    • Research and select a CMVM-approved fund that aligns with your investment goals.
  2. Obtain a Tax Identification Number (NIF):
    • Secure an NIF, which is essential for conducting financial transactions in Portugal.
  3. Open a Portuguese Bank Account:
    • Transfer the investment amount into a local account.
  4. Make the Investment:
    • Complete the €500,000 investment in the selected fund.
  5. Prepare Documentation:
    • Gather and notarize all required documents, including proof of investment and criminal record certificates.
  6. Submit the Application:
    • Apply online through the Portuguese Immigration and Borders Service (SEF).
  7. Biometric Appointment:
    • Attend a biometric data collection appointment at a SEF office.
  8. Approval and Residency Permit Issuance:
    • Upon approval, receive a renewable residency permit valid for two years.

Costs and Government Fees Involved

  1. Investment Amount:
    • Minimum of €500,000 in a qualifying fund.
  2. Government Fees:
    • Application Processing Fee: Approximately €605 per applicant.
    • Residence Permit Issuance Fee: Around €6,045 per applicant.
  3. Legal and Administrative Costs:
    • Legal Assistance: Fees range from €5,000 to €8,000 for a single applicant.
    • Translation and Notarization: Costs vary depending on the complexity of the documents.
  4. Fund-Related Fees:
    • Subscription Fee: Up to 7.5% of the investment amount.
    • Annual Management Fee: Typically 0.5% to 3% of the invested capital.
  5. Additional Costs:
    • Health Insurance: Premiums starting at approximately €400 per person annually.
    • Miscellaneous Fees: These include costs for obtaining the NIF and opening a bank account.

Summary of Costs

Expense Approximate Cost Notes
Investment Amount €500,000 Direct investment in a qualifying fund.
Application Fee €605 per applicant One-time fee for initial processing.
Permit Issuance Fee €6,045 per applicant Paid upon approval of the residency permit.
Legal Assistance €5,000 to €8,000 Varies based on the law firm’s services.
Fund Subscription Fee Up to 7.5% of investment Charged by the fund.
Annual Fund Fee 0.5% to 3% of investment Ongoing fund management cost.
Health Insurance €400+ per person annually Required for all applicants.
Translation/Notarization Varies Document preparation costs.

Conclusion

Investing in Portuguese funds under the Golden Visa program offers a streamlined and efficient pathway to residency in Portugal. With professional fund management, potential financial returns, and fewer obligations compared to real estate, this option is increasingly favored by global investors. However, it’s essential to understand the associated costs and comply with all legal requirements to ensure a smooth application process.

If you’re considering applying for the Portugal Golden Visa via investment funds, we can provide expert guidance to help you navigate the complexities. Contact us for tailored advice and assistance on your journey to Portuguese residency.

 

🔗 Learn More About Greece Golden Visa Requirements:
 👉 Click Here to Read the Full Blog

📞 Contact Indian Immigration Lawyer Prashant Ajmera Today:
 📧 Email: info@ajmeralaw.com | 📱 Phone: +91 9974253030 | 🌐 Visit: www.ajmeralaw.com

💬 Join Our WhatsApp Group for Exclusive Updates: 🔗 Join Now

✳️ Legal Disclaimer: In India, only registered lawyers are authorized to provide legal advice on immigration and visa matters.

#GreeceRealEstate #GoldenVisa #AjmeraLawGroup #ImmigrationLawyer #GreekLifestyle #PropertyInvestment #Greece

The author of this article is Mr. Prashant Ajmera, an Indian immigration lawyer and Canadian citizen. He is the founder of Ajmera Law Group and the author of two books, “Millionaires On The Book” and “How to Plan for Your Child’s Foreign Education.” Over the past 30 years, he has assisted and advised over 30,000 students and families on planning their foreign education and settlement. He regularly speaks at various forums on this subject.

March 30, 2025
March 30, 2025

A Comprehensive Guide to Buying Property in Greece: Taxes and Associated Fees

Author By Prashant Ajmera Categories Europe, Greece Golden Visa, Greece Real Estate, Investor Visa, Residency & Citizenship by Investment, Second Passport

A Comprehensive Guide to Buying Property in Greece: Taxes and Associated Fees

Purchasing property in Greece is an exciting venture, whether for investment, relocation, or leisure. However, it’s essential to understand the various expenses involved beyond the purchase price. This guide breaks down the taxes, fees, and costs you’ll encounter when buying a house in Greece, ensuring you are well-prepared to navigate the process.

Taxes on Property Purchase in Greece

The starting point for calculating most expenses is the commercial value of the property, which is determined by the local tax authority based on factors like location, size, and condition. This value is used to calculate various taxes and fees, including:

Property Tax

Property tax is progressive, ranging from 0% to 1% of the property’s market value.

Property Transfer Tax

A property transfer tax of 3.09% is charged on the higher of the market or objective value of the property.

Municipal Taxes

Local governments charge taxes to cover services like waste management, road maintenance, and street lighting. These taxes typically range from 0.025% to 0.035% of the property’s commercial value.

VAT (Value-Added Tax)

A VAT of 24% applies to some professional services involved in property transactions, such as those provided by lawyers, notaries, and estate agents.

Additional Fees for Property Purchase:

In addition to taxes, various professional services and administrative costs contribute to the overall expense of buying a property in Greece.

Registration Fees

Charged by the local land registry, these fees typically range from 0.2% to 0.5% of the property’s commercial value.

Bank Fees

If financing through a Greek bank, expect additional costs for loan application, appraisal, processing, and disbursement. These vary by bank and loan amount.

Building Permit Fees

For those planning to construct a property, permits cost 1% to 3% of the total construction expense.

Lawyer’s Fees

Hiring a lawyer is crucial for navigating Greek property law and ensuring a smooth transaction. Fees are typically 1% to 2% of the property’s commercial value, plus VAT.

Notary Fees:

Notarization is mandatory for transferring property ownership. Notary fees are around 1% to 2% of the property’s commercial value.

Power of Attorney

If you cannot attend the notary appointment in person, granting power of attorney to a representative costs approximately 1% to 2% of the property value.

Estate Agent’s Fees

Real estate agents typically charge a minimum of 2% of the property’s purchase price, plus VAT.

Summary of Costs:

Here’s a breakdown of typical expenses when purchasing property in Greece:

Expense Cost Notes
Lawyer’s Fee 1.5% of property value + 24% VAT For legal assistance during the purchase process
Notary’s Fee 1.5% of property value + 24% VAT For notarizing the purchase agreement
Transfer Tax 3.09% of property value Paid to transfer the property title
Estate Agent’s Fee Min 2% of purchase price + 24% VAT For the agent’s services
Registration Fees 0.6% of property value For registering the property in the Land Registry
Municipal Taxes Varies by location Annual fee paid to the local municipality
Property Tax 0% to 1% of market value Annual tax based on the commercial value
VAT 24% Applied to certain fees and services

Get Expert Guidance

Purchasing property in Greece involves various expenses and legal formalities. A knowledgeable property lawyer and an experienced estate agent can help you navigate the complexities, ensuring a smooth and secure transaction.

If you’re considering buying real estate in Greece or have questions about the process, don’t hesitate to contact us for expert advice and assistance.

Investing in Greek real estate is a rewarding endeavor, and understanding these costs ensures a well-informed and seamless purchasing experience.

🔗 Learn More About Greece Golden Visa Requirements:
 👉 Click Here to Read the Full Blog

📞 Contact Indian Immigration Lawyer Prashant Ajmera Today:
 📧 Email: info@ajmeralaw.com | 📱 Phone: +91 9974253030 | 🌐 Visit: www.ajmeralaw.com

💬 Join Our WhatsApp Group for Exclusive Updates: 🔗 Join Now

✳️ Legal Disclaimer: In India, only registered lawyers are authorized to provide legal advice on immigration and visa matters.

#GreeceRealEstate #GoldenVisa #AjmeraLawGroup #ImmigrationLawyer #GreekLifestyle #PropertyInvestment #Greece

The author of this article is Mr. Prashant Ajmera, an Indian immigration lawyer and Canadian citizen. He is the founder of Ajmera Law Group and the author of two books, “Millionaires On The Book” and “How to Plan for Your Child’s Foreign Education.” Over the past 30 years, he has assisted and advised over 30,000 students and families on planning their foreign education and settlement. He regularly speaks at various forums on this subject.

Ajmera Law Group: Mo: +91 9974253030 | info@ajmeralaw.com | www.ajmeralaw.com

March 21, 2025
March 21, 2025

Navigating the EB-5 Visa Program Amidst Recent U.S. Immigration Policies

Author By Prashant Ajmera Categories EB-5 US Investor Visa, EB5 Regional Center Investment Visa, EB5 Standalon Investment visa, Regional Centers, Residency & Citizenship by Investment

Navigating the EB-5 Visa Program Amidst Recent U.S. Immigration Policies

📜 In recent weeks, the U.S. immigration landscape has experienced significant shifts due to new executive orders issued by President Donald Trump. These directives have introduced changes affecting various immigration programs, leading to uncertainty among prospective immigrants. However, it’s important to note that the EB-5 Immigrant Investor Program continues to remain a viable pathway for those seeking U.S. residency through investment.

Recent Immigration Directives

On January 20, 2025, President Trump signed several executive orders aimed at restructuring U.S. immigration policies. These orders focus on enhancing border security, revising asylum procedures, and implementing stricter vetting processes for visa applicants. The administration’s intent is to prioritize national security and ensure that immigration programs align with these objectives.

The EB-5 Program: Stability Amidst Change

Despite the evolving immigration policies, the EB-5 Immigrant Investor Program has not been targeted by these recent executive actions. This program allows foreign investors to obtain U.S. permanent residency by investing $800,000 in a U.S. business that creates at least 10 full-time jobs for American workers. The program’s focus on economic development and job creation aligns with the administration’s goals of strengthening the U.S. economy.

Why the EB-5 Program Remains Unaffected

The EB-5 program’s emphasis on substantial investment and job creation distinguishes it from other immigration pathways. By contributing to economic growth, EB-5 investors play a crucial role in supporting U.S. communities, making the program less susceptible to restrictive immigration policies. This stability offers reassurance to potential investors considering the EB-5 visa as a route to U.S. residency. The present EB5 program is passed by US congress and hence it is not affected by recent talk by President Trump about US Golden Card with Investment of 5 Million dollars. 

Moving Forward with Confidence

For individuals and families contemplating the EB-5 program, it’s essential to stay informed about current immigration policies and seek guidance from experienced immigration professionals. While the broader immigration landscape may be shifting, the EB-5 program continues to provide a reliable pathway to U.S. permanent residency through investment and job creation.

Conclusion

In light of recent immigration directives, the EB-5 Immigrant Investor Program stands as a steadfast option for those aiming to achieve U.S. residency. Its focus on economic contribution and alignment with national interests ensures its continuity amidst policy changes. Prospective investors are encouraged to pursue this opportunity with confidence, knowing that the EB-5 program remains a viable and stable pathway to the American dream.

For more information and legal advse:

📞 Contact Indian Immigration Lawyer Prashant Ajmera of Ajmera Law Group:
 📱 Mobile: +91 99742 53030 | 📧 Email: info@ajmeralaw.com | 🌐 Website: www.ajmeralaw.com

📢 Legal Disclaimer: Immigration and visa matters are legal issues. Only an Indian lawyer can provide the appropriate legal advice in India.

March 11, 2025
March 11, 2025

CYPRUS BUSINESS IMMIGRATION PROGRAM – LEADING TO CITIZENSHIP

Author By Prashant Ajmera Categories Business Visa, Citizenship, Cyprus Citizenship, Cyprus Residency Visa, Europe, Europe Golden Visa, Residency & Citizenship by Investment

CYPRUS BUSINESS IMMIGRATION PROGRAM – LEADING TO CYPRUS CITIZENSHIP IN 3-4 YEARS

Relocating to a European Union (EU) country while leveraging your business and investment acumen is a dream for many entrepreneurs and executives. The Cyprus Business Immigration Program offers a seamless pathway to achieving this goal by granting residency and work permits to eligible applicants, ultimately leading to Cypriot citizenship within 3-4 years.

What is the Cyprus Business Immigration Program?

The Cyprus Business Immigration Program is specifically designed to attract businesspeople and their families who are genuinely committed to relocating and contributing to the Cypriot economy. This program caters to individuals seeking to:

  • Establish or expand their business in Cyprus
  • Obtain a European Union passport
  • Enjoy the benefits of living and working in an EU country

This program is ideal for business owners, senior executives, middle management professionals, and investors.

Key Features of the Program

  • Temporary residency permits for applicants and their families
  • Permission to live and work in Cyprus
  • Renewable residency permits every two years (provided the business remains active)
  • Eligibility to apply for Cypriot citizenship after 3-4 years

Step-by-Step Process

The program is straightforward and involves the following steps:

  1. Establish a Cyprus Company

Applicants must set up a Cyprus-based company that will serve as the foundation for their residency application.

  1. Register the Company as a Foreign Interest Entity

Key requirements for registration include:

  • Foreign Shareholding: The company must have at least 51% foreign ownership.
  • Investment: A minimum of €200,000 must be allocated to the company. This amount is not required to be paid immediately. By registering the company with a share capital of €200,000, applicants have 1-1.5 years to fulfill this obligation.
  • Office Space: The company must maintain offices in Cyprus. Office space can be rented through local firms, including our own.
  1. Apply for Residency and Work Permits

Residency and work permits can be granted to shareholders and key personnel. Key requirements include:

  • Employees must earn a minimum salary of €2,500 per month.
  • Employer’s liability insurance and other supporting documents are necessary.
  1. Apply for Residency Permits for Family Members

Residency permits can also be extended to immediate family members, including spouses and children. Notably, the spouse of the applicant is allowed to work in Cyprus.

  1. Maintain Active Residency

Residency permits are renewable indefinitely as long as the company remains operational.

  1. Apply for Cypriot Citizenship

After residing in Cyprus for 3-4 years under the program, applicants become eligible to apply for Cypriot nationality, granting them all the privileges of EU citizenship.

Why Choose Cyprus?

Cyprus offers a wealth of advantages for individuals and families relocating under this program:

  • Strategic Location: Positioned at the crossroads of Europe, Asia, and Africa, Cyprus provides excellent access to global markets.
  • Favorable Tax System: Cyprus has one of the lowest corporate tax rates in the EU and offers numerous tax incentives.
  • High Quality of Life: Renowned for its safe environment, excellent healthcare, and vibrant culture, Cyprus is an ideal destination for families.
  • EU Benefits: As an EU citizen, you gain the right to live, work, and study anywhere in the European Union.

Ready to Begin Your Journey?

If you’re an active businessperson considering relocation, the Cyprus Business Immigration Program provides an exceptional opportunity to unlock European residency and citizenship. From establishing your company to navigating the application process, our experienced team of immigration lawyers in Cyprus is here to guide you every step of the way.

Contact Indian Immigration Lawyer Prashant Ajmera today to start your journey toward European residency and citizenship! Mo: +91 9974253030 | Email: info@ajmeralaw.com | www.ajmeralaw.com

February 23, 2025
February 23, 2025

How Can Indian Secondary School Students Prepare for Studying in the USA?

Author By Prashant Ajmera Categories Student Visa, Study Abroad & Planning, Teen Travels

**🌟 How Can Indian Secondary School Students Prepare for Studying in the USA? 🌟**


Securing admission to a top university in the USA requires early preparation and strategic planning. 🌎A great way to start is by participating in **teen-focused travel and learning programs**, especially during summer vacations.

These programs provide exposure to the American education system, enhance academic and cultural knowledge, and build personal development skills. 💼🎓

### 🔑 **Key Features of Teen Travel and Learning Programs**

1️⃣ **Cultural Immersion**: Experience local traditions, language, and activities like cooking classes, crafts, and festivals. 🎭🍳


2️⃣ **Academic Learning**: Engage in language immersion, history lessons, or community service projects to foster teamwork and social responsibility. 📚🌐

3️⃣ **Personal Development**: Build confidence, adaptability, and life skills through independent travel and group activities. 🚀

4️⃣ **Group Travel or Exchange Programs**: Stay with host families or join guided group tours for an enriching cultural experience. 🏠👫

5️⃣ **Adventure & Exploration**: Explore national parks, hike, dive, and participate in outdoor activities to develop environmental awareness. 🏞️🧗

6️⃣ **Social Networking**: Build friendships with peers from around the globe and enhance cross-cultural communication skills. 🌍🤝### ✨ **Examples of Teen Programs**

🌟 **Language Immersion Camps**: Learn a language while living with host families and experiencing local culture.
🌟 **Volunteer Projects**: Contribute to community development or environmental conservation efforts.
🌟 **Study Abroad Programs**: Spend a semester or summer studying in another country to experience its education system.

### 🌈 **Benefits for Students**

✔ Exposure to diverse cultures and worldviews.
✔ Development of language skills and global awareness.
✔ Increased self-confidence and independence.
✔ A deeper understanding of global issues and empathy for others.
✔ Lifelong friendships with peers worldwide.
✔ Better preparation for admission to leading U.S. universities. 🎓🌟

These programs are more than just travel; they are transformative experiences that help teenagers grow academically, socially, and personally.

👉 **For more details, connect with:**
**📩 Prashant Ajmera**  Immigration Lawyer & International Career Counselor  | 📱 +91 99742 53030 | ✉ info@ajmeralaw.com

February 17, 2025
February 17, 2025

Why Greece is the Perfect Destination for Indian Investors Seeking a European Lifestyle

Author By Prashant Ajmera Categories Europe, Europe Golden Visa, Greece Golden Visa, Greece Real Estate

Why Greece is the Perfect Destination for Indian Investors Seeking a European Lifestyle

For Indian investors looking to expand their horizons and secure a foothold in Europe, Greece has emerged as a top destination. Its Golden Visa program, coupled with a thriving real estate market, offers unparalleled opportunities to combine financial growth with a luxurious European lifestyle. Here’s why Greece should be at the top of your list:

1. Seamless Residency Path Through the Greece Golden Visa

The Greece Golden Visa program allows investors to gain European residency by purchasing real estate worth at least €250,000 (approximately INR 2.2 crores). This is one of the lowest investment thresholds among European residency-by-investment programs, making it an attractive option for Indian investors.

With the Golden Visa, you and your family can enjoy:

  • Residency in Greece without the requirement to stay in the country.
  • Visa-free travel across the Schengen Zone, including countries like France, Germany, and Italy.
  • Access to world-class healthcare and education facilities in Europe.

2. Strategic Location and Easy Connectivity

Greece’s location serves as a gateway between Europe, Asia, and Africa, offering immense travel and business opportunities. Direct flights from India to Athens and other European hubs make it a convenient choice for Indian investors seeking accessibility.

3. Affordable Real Estate Market with High ROI

The Greek real estate market is not only affordable but also highly lucrative. Key locations like Athens, Thessaloniki, and Crete offer stunning properties at competitive prices, ranging from luxurious villas to chic city apartments. Investors can expect:

  • Rental yields ranging from 4% to 7% in popular tourist and urban areas.
  • Strong capital appreciation as Greece’s economy continues to recover and grow.

4. A Rich Cultural and Historical Heritage

Greece is a land of ancient history, vibrant culture, and breathtaking landscapes. From the iconic Acropolis in Athens to the serene beaches of Santorini and Mykonos, the country offers an unparalleled lifestyle. Indian investors often find the blend of tradition and modernity in Greece very appealing.

5. Favorable Tax Benefits

Greece provides attractive tax incentives for property owners, making it an investor-friendly destination. Additionally, there are no inheritance taxes on property for direct heirs, ensuring a legacy for your family.

6. Family-Friendly Benefits

The Greece Golden Visa extends to your immediate family, including your spouse and children under 21. This allows your family to enjoy the benefits of European residency, including high-quality education and healthcare.

7. Stability and Safety

Greece offers a safe and stable environment for families and businesses. Its membership in the European Union and Schengen Zone ensures strong governance and economic resilience.

8. Opportunities for Permanent Residency and Citizenship

While the Golden Visa initially grants a five-year renewable residency, it opens pathways for permanent residency and even citizenship after a few years, provided certain conditions are met.

Final Thoughts

For Indian investors, Greece represents an ideal mix of opportunity and lifestyle. Whether you are looking to diversify your portfolio, secure a better future for your family, or enjoy the European lifestyle, the Greece Golden Visa program provides the perfect gateway.

With a minimal investment, high returns, and access to the best of Europe, the time to invest in Greece is now. Explore the possibilities and take the first step toward your European dream today.

A Comprehensive Guide to Buying Property in Greece: Taxes and Associated Fees

📞 Contact Us Today:  
 📧 Email: info@ajmeralaw.com | 📱 Phone: +91 9974253030 | 🌐 Visit: www.ajmeralaw.com

💬 Join Our WhatsApp Group for Exclusive Updates:
 🔗 Join Now

✳️ Legal Disclaimer: In India, only registered lawyers are authorized to provide legal advice on immigration and visa matters.

#GreeceRealEstate #GoldenVisa #AjmeraLawGroup #ImmigrationLawyer #GreekLifestyle #PropertyInvestment #Greece

 

The author of this article is Mr. Prashant Ajmera, an Indian immigration lawyer and Canadian citizen. He is the founder of Ajmera Law Group and the author of two books, “Millionaires On The Book” and “How to Plan for Your Child’s Foreign Education.” Over the past 30 years, he has assisted and advised over 30,000 students and families on planning their foreign education and settlement. He regularly speaks at various forums on this subject.

Ajmera Law Group: Mo: +91 9974253030 | info@ajmeralaw.com | www.ajmeralaw.com

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