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Category Archives: European Citizenship

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May 5, 2025
May 5, 2025

Latvia Golden Visa and Citizenship

Author By Prashant Ajmera Categories Europe, Europe Golden Visa, European Citizenship, Investor Visa, Latvia Residency By Investment

Exploring Citizenship by Investment in Latvia: A Gateway to Europe

Latvia, a beautiful country in Northern Europe, offers not just scenic landscapes and rich history but also an opportunity for investors to gain European residency and eventually citizenship. With its robust Citizenship by Investment (CBI) program, Latvia has emerged as an attractive destination for individuals seeking to combine business interests with European mobility.

Why Latvia?

Latvia’s strategic location in the heart of Europe makes it a prime choice for investors looking to access the European Union’s (EU) vast markets. As an EU member state, Latvia offers its citizens the benefits of visa-free travel across the Schengen Area, business opportunities in one of the world’s largest economies, and access to high-quality healthcare and education systems.

Latvia’s CBI program provides a pathway to residency, which can eventually lead to citizenship, allowing you to become part of this thriving European community.

Latvia Citizenship by Investment: Key Highlights

1️⃣ Investment Options:
 Latvia provides several avenues for qualifying investments:

  • Real Estate Investment: Acquire property worth at least €250,000. 
  • Business Investment: Invest €50,000 or 100,000 in a Latvian company, creating economic impact. 
  • Government Bonds or Deposits: Contribute to government-approved financial instruments. 

Each investment route has its own set of requirements, making the program accessible to a wide range of investors.

2️⃣ Residency Benefits:
 Upon meeting the investment criteria, you and your family can gain residency in Latvia. This residency comes with significant benefits:

  • Freedom to travel across the Schengen Area without additional visas. 
  • Access to quality education and healthcare services in Latvia. 
  • The opportunity to live and work in a peaceful, safe, and culturally rich country. 

3️⃣ Pathway to Citizenship:
 Residency can lead to permanent residency and, eventually, citizenship, subject to fulfilling residency duration and other requirements, such as language proficiency and integration into Latvian society.

Why Choose Latvia for Your Investment?

Latvia combines a business-friendly environment with cultural vibrancy, offering:

  • Ease of Doing Business: Latvia ranks high in terms of ease of starting and operating a business. 
  • Cost-Effective Living: Compared to other EU nations, Latvia offers an affordable yet high-quality lifestyle. 

 

  • Strong Economic Growth: With a stable economy and growing industries, Latvia is an excellent place to invest and grow your wealth. 

Partner with Ajmera Law Group

Navigating the complexities of Citizenship by Investment requires expertise. At Ajmera Law Group, we provide tailored guidance to ensure you make the right decisions. From understanding eligibility requirements to managing documentation, we make the entire process seamless.

As experienced immigration lawyers, we help clients unlock the doors to global opportunities, making your journey to Latvian residency or citizenship efficient and hassle-free.

Start Your Journey Today

Investing in Latvia’s CBI program is not just about gaining a new nationality—it’s about embracing a future filled with opportunities and global connectivity.

💬 Have Questions?
 Contact us today to explore your options and take the first step towards European residency and citizenship.

🌐 Learn more: Latvia Citizenship by Investment

Latvia awaits—a land of opportunity, culture, and connection. Make it your gateway to Europe!

-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.

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April 14, 2025
April 14, 2025

Cyprus Business Visa: A Gateway to European Growth and Lifestyle

Author By Prashant Ajmera Categories Cyprus Citizenship, Cyprus Residency Visa, Europe, Europe Golden Visa, European Citizenship

Cyprus Business Visa: A Gateway to European Growth and Lifestyle

By Prashant Ajmera, Indian Immigration Lawyer

Cyprus, a Mediterranean gem, has emerged as one of the most attractive destinations for global entrepreneurs and investors seeking a foothold in Europe. With its strategic location, business-friendly environment, and high-quality lifestyle, Cyprus offers an excellent opportunity for Indian and South Asian businesses to expand globally.

Why Cyprus?

Cyprus is not just a picturesque island; it’s a thriving European business hub. As a member of the European Union, Cyprus provides access to a single market of over 500 million consumers, a robust legal framework aligned with UK Common Law, and a highly skilled, multilingual workforce.

Key Advantages of Cyprus Business Visa:

  1. Residency and Work Permits: Business owners and key executives can obtain renewable temporary residency and work permits.
  2. Family Benefits: Residency is extended to family members, offering access to excellent educational and healthcare systems.
  3. Tax Efficiency: With a 12.5% corporate tax rate—the lowest in the EU—Cyprus provides significant tax advantages for businesses.
  4. Strategic Location: Situated at the crossroads of Europe, Asia, and Africa, Cyprus is a perfect gateway for businesses targeting multiple regions.
  5. Pathway to Citizenship: Eligible applicants can apply for Cypriot citizenship after 3-4 years of residency, depending on language proficiency.

Eligibility for Cyprus Business Visa

To qualify, applicants must:

  1. Establish a Cyprus-based company or relocate an existing business.
  2. Ensure the majority of the company shares are owned by non-EU nationals.
  3. Invest a minimum of €200,000 in the company, either as a deposit or for operational expenses like office space or equipment.
  4. Operate from dedicated offices in Cyprus, separate from residential premises.

Additionally, companies meeting these criteria can hire non-EU nationals for executive and specialized roles, with a minimum gross monthly salary of €2,500.

Process to Obtain a Cyprus Business Visa

  1. Company Setup: Establish a Cyprus-based company and open a local bank account.
  2. Registration: Register the company as a foreign-interest entity.
  3. Visa Application: Apply for a visitor’s visa to travel to Cyprus.
  4. Permit Application: Once in Cyprus, submit applications for temporary residence and work permits.

The process is straightforward, with support available for documentation, compliance, and legal representation.

Business Opportunities in Cyprus

Cyprus is home to a dynamic economy, with thriving sectors such as:

  • Tourism and hospitality
  • Financial services
  • Renewable energy
  • Technology and innovation
  • Real estate development
  • Forex and
  • Fintech

Indian and South Asian businesses, particularly SMEs and startups, can benefit from Cyprus’ streamlined regulatory framework, affordable operating costs, and access to the EU market.

Why Choose Professional Assistance?

Navigating the intricacies of business immigration requires expert guidance. Partnering with seasoned legal professionals ensures compliance with local regulations and a seamless transition.

At Ajmera Law Group, we specialize in assisting clients with business immigration, investment visas, and global residency programs. Through our collaboration with Typographos & Co Lawyers in Cyprus, we offer end-to-end support, including company formation, visa applications, and compliance management.

Conclusion

Cyprus is more than just a business destination—it’s a pathway to European residency, global market access, and a superior quality of life. For Indian and South Asian entrepreneurs, the Cyprus Business Visa presents a unique opportunity to grow internationally while enjoying the benefits of European living.

For personalized advice and assistance, feel free to contact me at info@ajmeralaw.com or visit www.ajmeralaw.com. Let us help you unlock the doors to Europe!

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.

 

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

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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.

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