Hi, How Can We Help You?

Category Archives: European Citizenship

April 14, 2025

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

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.

Reach us on WhatsApp
1