Indian EB-5 Market Update: Act before it is too lateDescription
In this Webinar, Mr Jordan Lawrence will be introducing EB-5 Projects with Veteran Immigration Lawyer Mr Edward Beshara shedding light on the best EB-5 Investment options as per policy. Mr DhananJay will talk about Issues faced by Indian EB-5 Investors in the past and together they will advise on the way forward in 2022.
1.You are planning to file for the EB5. 2.You are looking to get a Green card for yourself and your family via investment route. 3.EB5 Immigration Consultants
Talking Points;
1. Moderno EB-5; the most successful non real-estate EB-5 project in the market with more than 50 investors subscribed. 2. Fredericksburg Mixed-Use; another landmark development from the team at DC Partners fulfilling the luxury tourism demand for the highly popular travel destination in Texas Hill Country. 3. Advising on best options as per policy. 4. Addressing Issues faced by Indian EB-5 Investors in the past. 5. Timeline for I-526 Approval for Indian Investors. 6. Implications of retrogression on Indian Investor’s application. 7. Q&A
About My Global Citizenship: My Global Citizenship is a top immigration consultancy firm in India. We provide immigration guidance in second citizenship programs while promoting the acquisition of residency and citizenship through investment routes.
About Beshara Global Migration Law Firm: They are a specialized immigration law firm providing services for foreign and U.S. individuals, corporations, and organizations to obtain non immigrant visas, immigrant visas, and naturalization processes for individuals, families, employers, employees, investors, and professionals.
About Houston EB5: Houston EB5 now holds over a decade of experience and is one of the only regional centers to successfully assist clients from obtaining conditional residency to the repayment of investment with profits. Our completed projects range from multi-family, retail, residential, and operational business.Time
Portugal Golden Visa – A definite way towards EU citizenshipDescription
In this webinar we shall be discussing the Portugal Golden Visa requirements, procedures and eligible projects for investors.
Agenda: – Why invest in Portugal – Golden Visa Program in Portugal – Indian Investors FAQ – Mercan Proprieties Projects
Who should attend: Business persons and professionals looking for 2nd residency options. Investors looking for real estate investments in EU with residency benefits. Partners & immigration service providers. Investment advisors. Real estate consultants. Wealth and financial managers.
About My Global Citizenship: My Global Citizenship is a top immigration consultancy firm in India. They provide immigration guidance in second citizenship programs while promoting the acquisition of residency and citizenship through investment routes.
About Mercan Properties: Mercan Properties is the company of the Mercan Group responsible for the development of real estate projects in the tourism sector in Portugal and currently has 17 projects in locations such as Porto, Vila Nova de Gaia, Matosinhos, Lisbon, Amarante, Évora and Algarve.
Speakers: 1. DhananJaySinh C.E.O. My Global Citizenship™
2. Mafalda Luís Immigration and Real Estate Lawyer International Atlantic Services
3. Francisco Queiroz Investor Relations l Business Development Director Mercan Properties
Date: 22nd April 2022, Time: 3:30 PM Indian Standard time
1. People who have filed for an EB5 Visa and waiting approval. 2. People who are planning to file for the EB5 Visa. 3. People looking to get a USA green card for themselves and their family via investment route. 4. Consultants who want to understand the changes in EB5 Visa policies and its implications.
During this webinar, veteran immigration attorney Edward Beshara will discuss in detail the EB-5 visa program, timeline, and updates. Additionally, Dhananjaysinh will present direct EB-5 investment information for Indian Citizens and My Global Citizen‘s Immigration Consultancy benefits and procedures.
Talking Points;
1. EB-5 Regional Center re-authorization and new requirements. 2. EB-5 Direct program which does not need re-authorization is a viable choice. 3. A quick process for US visa entry to live and work in the US in a few months while waiting for the longer EB-5 petition process to be approved.
Don’t delay! Register now for this free opportunity, space is limited.
When: Thursday, March 17th, at 6:30 PM IST (UTC +5:30 )
Cryptocurrency is a booming industry in many parts of the globe today. It is one of the most convenient forms of making transactions and provides utmost flexibility too. Even better is that it offers a new type of individual empowerment that is both exciting and dynamic. The digital asset is also flourishing for many other reasons. It protects against inflation, is cost-effective, and is also a secure way to make payments. What is even more interesting about this is that it is a private method that is self-governed and managed.
Today, we’ll look at some top crypto friendly countries where cryptocurrency can be used without any objections and these countries all have impeccable immigration by investment policies. So why not move there today ?
Malta
Malta has been using cryptocurrencies for the longest time now. For example, Binance returned from Japan to Malta because they thought Malta was more favorable. Malta is claimed as one of the most crypto friendly countries. Now, cryptocurrencies are also being used for trading purposes.
Authorities have passed the below bills to make the island a global leader in cryptocurrency regulations:
The Innovative Technology Arrangements and Services Act
Malta Digital Innovation Authority Act
Virtual Financial Asset Act
Agribank, Paytah, Founders Bank are the crypto friendly banks in Malta.
So hurry up and get the Malta Citizenship by investment today.
In Canada, no laws have been enacted that officially call cryptocurrencies illegal. That is why many cryptocurrency businesses can function in the country without any objections. Such an open-minded attitude helps people try out something new and make the most of new technology for future opportunities and advancement. However, we think that this type of attitude might not be present for too long here. Even so, Canada is considered a crypto friendly country.
In Canada, there are 1,464 bitcoin-friendly ATMs. It can be said that Canada is one of the cryptocurrency legal countries.
Start your application for the Canada Startup Visa and enjoy a crypto friendly lifestyle.
Portugal
Today, if you are looking for some of the most crypto friendly countries in the world, Portugal is bound to reach the top. Cryptocurrency is tax-free in the country and many crypto traders have already made Portugal their second home. The enthusiasm related to crypto in Portugal is very high. Portugal established a “Digital Transitional Action Plan” in April 2020 to promote digitization. The government declared that this plan would create the appropriate climate for business innovation and digital transformation. The action plan also includes “Technological Free Zones” to enable blockchain and other field experiments. Therefore, Portugal is the leader of countries supporting cryptocurrency. Hurry up and begin your pathway to EU Citizenship with the Portugal Golden Visa today.
Germany
Germany has a unique approach when it comes to cryptocurrency taxes. The country favors individual investment and it regards bitcoin as private money rather than a currency, commodity, or stock in the country. According to German laws, bitcoin and other cryptocurrencies are exempt from capital gains tax if held for more than a year. On sale and purchase, they are not subject to VAT.
If you exchange the funds for cash or other cryptos within a year, your profit will be tax-free if it is less than €600. Thus, Germany can be considered as one of the cryptocurrency friendly countries. Become a German resident today with the Germany Residency by Investment program.
Singapore
Within Southeast Asia, Singapore is renowned as a fintech hotspot. The central bank of Singapore, the Monetary Authority of Singapore, believes that the cryptocurrency ecosystem should be closely supervised to avoid money laundering and other criminal activities, but that innovation should not be impeded. Thus, it makes Singapore a crypto friendly country.
There is no capital gains tax in Singapore. Individual and corporate cryptocurrency funds are not subject to taxation. However, if a corporation is based in Singapore and operates as a crypto trading company or accepts crypto payments, it is subject to income tax. Get your Singapore PR by Investment and live on our favorite high tech island.
If you plan to make bitcoin investments or use another type of cryptocurrency, these crypto friendly countries could help you. So, make sure you invest in their residency and citizenship programs after careful inspection and leave no stone unturned for safety. Also, note that as regulations of crypto countries might change from time to time, it’ll be wise to check the updated information before you make any investment in a country.
You can also speak to our immigration by investment experts to help you. Since they have professional knowledge, they can be better equipped to guide you. Contact My Global Citizenship today. We hope you enjoyed our guide to top crypto countries for residency by investment.
After the pandemic slowed IRCC operations, spousal sponsorship is back to service standard, government says.
According to a government media release, efforts to modernize the Canadian immigration system have allowed Immigration, Refugees and Citizenship Canada (IRCC) to get back on track. IRCC also launched a portal where spousal and child sponsorship applicants can track their immigration applications online.
The service standard of 12 months is the same whether spouses are applying as inland or outland applicants. In both cases, the processing time includes the time required for applicants to give biometrics, for IRCC to assess the sponsor and the person being sponsored, as well as the time needed to ensure applicants meet eligibility requirements.
Eligibility for spousal sponsorship
Canadians may be eligible to sponsor if they:
are at least 18 years old;
are a Canadian citizen or permanent resident, or they are an Indigenous person registered under the Canadian Indian Act;
demonstrate they are not receiving social assistance unless they have a disability; and
can provide for the financial needs of the sponsored person.
The person being sponsored needs to meet the following eligibility criteria:
Spouse: They must have been legally married to the sponsor at an in-person ceremony.
Common-law partner: They must have lived with the sponsor for at least 12 straight months.
Conjugal partner: They must have been in a relationship with the sponsor for at least one year, live outside of Canada, and cannot live with the sponsor in their country or marry them due to significant legal or immigration causes. For example, they live in a country where same-sex marriage or divorce is not allowed. Sponsors need to prove to IRCC they could not live together or get married in their partner’s country.
Foreign nationals must be at least 18 years old to be sponsored for immigration under all of these categories.
Also, foreign nationals must pass a health, security, and criminality screening and therefore be considered admissible to Canada.
How to apply
There are two types of sponsorship processes: inland and outland sponsorship. The key difference is that couples applying for sponsorship from within Canada are considered inland, while those whose foreign national spouse is abroad will be filed under outland.
To be eligible for inland sponsorship, the foreign spouse or common-law partner must also have valid temporary status in Canada, either as a worker, student, or visitor. During the inland sponsorship application process, the sponsored person will be able to continue to live, work or study in Canada. While pursuing inland sponsorship, the sponsored spouse may be able to get a Spousal Open Work Permit, which would allow them to work while they are waiting on the results of their application.
It is generally expected that inland sponsorship applicants will remain in Canada while their application is being processed. If the spouse or common-law partner does not plan to stay in Canada or needs to be able to travel outside the country while the application is being processed, outland sponsorship may be a better option.
Outland sponsorship is for foreign spouses who are not legally living in Canada at the time of the application. Applicants residing in Canada may also opt for outland sponsorship as it allows for travel to and from Canada while the application process is underway. It may be the best option for those whose work or personal situation requires them to leave the country.
Canadian permanent residents can sponsor their spouse as an outland applicant only if they are living in Canada, whereas Canadian citizens can sponsor their spouse as an outland applicant from abroad. If they do this though, they will have to demonstrate that they will return to Canada with their spouse if the application is approved.
In addition to married and common-law partners, is also possible to sponsor conjugal partners through outland sponsorship. Conjugal partners are couples who have been in an ongoing and committed relationship for a period of at least 12 months but, due to significant legal constraints or other factors beyond their control, they cannot live together.
Steps to submit a sponsorship application
Applicants will submit two applications together. One is for sponsorship and the other is a permanent residence application.
Step 1: Get an application package from IRCC.
Step 2: Pay the application fees to IRCC, which include processing fees, a right of permanent residence fee, and a biometrics fee. These fees need to be paid on IRCC’s website.
As the Investment Migration industry continues to expand we are increasingly coming across investors who are now investing in their second or third programs.Why have one passport when you can have multiple options? For many years, most investors’ incentives have been to secure a ”Plan B” but the need for a ”Plan C or D” is now becoming increasingly popular. The world has been full of uncertainty and volatility in recent years, what with the pandemic, political upset in many nations, including the USA, UK, Hong Kong, the 2021 crisis in Afghanistan and most recently, Russia’s horrific invasion on Ukraine. These sobering events sadly demonstrate how quickly circumstances can change in our world.
Most savvy investors like to diversify their assets and we are finding many are now spreading their investments across different countries and continents, not only for financial reasons but more so to have a Plan B or C safe have in different parts of the world. A second passport has many benefits, albeit different to the benefits of a residency visa in a European country, such as Portugal. By holding a residency or a second passport in two different continents, you are giving yourself options should you ever need them. The Cliché phrase ”don’t put all your eggs in one basket” springs to mind.
Mr Jain is a businessman from India. His career requires a lot of international travel which currently involves him having to regularly apply for Schengen visas to Europe and various other temporary visas for destinations such as China. His main objective is to gain a European Residency visa which will enable him to travel to any of the EU countries that he regularly visits for business such as Germany, France and Spain. He also likes the idea of being able to later apply for citizenship in Europe, although he does not need this urgently. He opts for the Portugal Golden Visa Program by making a real estate investment in one of the qualifying projects which fits nicely within his budget.
After six months Mr Jain has secured his Portuguese Residency permit which enables him to travel to Portugal as many times as he wishes, plus he can visit the other EU countries for 90 days every six months, which is more than enough time for his short business trips. 15 months later Mr Jain is extremely pleased with the extra freedom his Portuguese Residency permit is bringing him during his frequent business trips to Europe, but applying for a visa every time he needs to visit China has become frustrating. Mr Jain reaches back out to My Global Citizenship to see if there is a solution to his secondary objective- visa-free access to China. Mr Jain’s personal advisor at My Global Citizenship suggests he applies for Grenada’s Citizenship by Investment Program which is one of the very few countries lucky enough to hold a visa-waiver agreement with China. During his consultation, Mr Jain also discovers one of the additional advantages of holding Grenada Citizenship is that one of his Children can gain a one-year scholarship to the country’s famous medical school – St George’s University. Whilst his son is currently only 15 years old, he hopes to study medicine in the future so this is an attractive benefit for him. My Global Citizenship’s team assist Mr Jain with his family application in Grenada and 5 months later Mr Jain and his family now hold Grenada Citizenship as well as Portuguese Residency and their existing Indian Citizenship giving them visa-free access to a large proportion of the world, enhancing his business opportunities and his children’s education options.
*The client’s identity is protected for confidentiality reasons.
For more details on the available programs and to find out which Residency and Citizenship pairing may work best for you, please contact our team for a free consultation.
The Indian constitution does not have a provision of dual or multiple citizenship. If an Indian acquires a second passport, they automatically lose their Indian citizenship. As per the Passports Act, 1967, it is mandatory for all Indian passport holders to surrender their passports to the nearest Indian mission or post immediately after acquiring the nationality of another country. However, such persons can get Overseas Citizens of India (OCI) status after acquiring foreign citizenship.
What is OCI status and how does work?
OCI is a legal status given to a person of Indian origin who has given up Indian citizenship. It is similar to permanent residency and offers several benefits. The government of India issues a document called OCI card to all people who have been given this status.
What are the benefits available to OCIs?
An OCI can enjoy many of the benefits available to a citizen of India such as:
Multiple entry life-long visa to India
Live, work, carry on business in India indefinitely
Own assets and properties
Apply for Indian citizenship again after surrendering foreign citizenship, subject to certain conditions
How to get an OCI card?
Make an online application, upload photographs and documents, pay the fee and you will get your OCI card in a short time.
What are the things OCIs can’t do?
Since you are not a citizen, you cannot vote
You cannot run for a public office or contest an election
You cannot buy agricultural land or plantations in India. However, you may continue to hold such property you had before giving up Indian citizenship and also inherit it
For detailed immigration advice, contact My Global Citizenship
Antigua & Barbuda: Antigua to propose the creation of a CIP Regulatory Commission
Antigua and Barbuda said it will propose that Organization of Eastern Caribbean States (OECS) members create a Regulatory Commission in an effort to protect their lucrative Citizenship by Investment Programs (CIP).
CPI programs have been placed under the microscope by the United States, European Union and the United Kingdom as they seek to tackle human trafficking as well as clamp down on persons trying to dodge international sanctions.
EU Parliamentarians recently voted to ask its Commission to formulate a strategy that would eventually see passport holders of Dominica, St Kitts and Nevis, Grenada, St Lucia and Antigua and Barbuda booted out of the Schengen program that allows visa-free stays in member states for tourism and business purposes for up to 90 days.
US legislators are looking at the “No Travel for Traffickers Act” which is designed to penalize countries that operate CBI programmes.
At the post-cabinet media briefing, Information Minister Melford Nicholas stated: “It will be a response to the issues that they have raised. And it will be to demonstrate over and above anything else of our intent to be compliant and sympathetic to issues that they may raise in terms of their own national security.”
The government is also looking to amend the CIP law of 2013 so the program will be known as The Residency and Citizenship by Investment Program.
It will be similar to a program currently operated by the US.
“We may not be able to change hearts and minds in the US congress, but we can diversify our own offering to ensure we are still attractive to investors and investment from other jurisdictions where they are precluded from obtaining citizenship abroad,” Nicholas said.
“So it is broadening the scope of our offering…that is the key behind this requirement looking to modify our program going forward to ensure that we can cushion the impact of any fall that will come from this threat…more from the Schengen countries rather than from the United States.”
So you are thinking of applying for the Portugal Golden Visa but then, you do not know the probability of it being granted or you are looking to invest in a second Citizenship but knowing how uncertain immigration can be, you are just not sure which program to put your faith in. We tell you Portugal ! Why ? Well its a beautiful and welcoming city but most importantly they got numbers and an uncomplicated immigration system on their side. Even though they get a lesser amount of applicants, they definitely make sure this few get their money’s worth with no disappointments. Today we share with you some stats and the reassurance that you are just one step away of being granted this Visa alongside an amazing investment, Contacting My Global Citizenship.
The latest stats available are for January 2022. Even with the pandemic still on the roll, Investors are definitely not stopping with making use of this opportunity to live the European life in the beautiful Country of Portugal. I mean why wait for the pandemic to be over when you can do it right now before this amazing opportunity disappears ?. This just goes to show that the Portugal Golden visa is a must have amongst the high, wealthy and mighty.
94 main applicants were granted the Golden Visa status by SEF with 105 family members accompanying the main applicants as dependents.
In terms of nationalities, the breakdown for the month of January was:
19 Chinese
17 United States Citizens
8 Indians
7 Russians
6 Brazilians
If there is one thing we know about the Chinese, they never miss a good investment opportunity and if they are putting their money in something, it is definitely worth it. They are your sign to get a Portugal Golden Visa today. Even the United States citizens are team Portugal on this.
In terms of investment type, the breakdown for the month of January was:
75 applicants purchased real estate, 35 for €500,000+ properties and 40 for €350,000 renovated properties.
19 applicants pursued capital transfer, 14 for Portuguese investment funds, 4 for capital transfer and 1 for reconstruction or refurbishment of the national heritage.
Portugal is a top second citizenship country due to how straight forward their Bureaucracy, requirements and terms are. You can never go wrong with trusting the Portugal government and their citizens to ensure a stress free transition to your new life. Contact My Global Citizenship today to get started.
There are various reasons as to why one would want to leave India even with it being a great country. Whether to find better education facilities, better welfare/amenities, investment opportunities or employment prospects, all your reasons are valid.
Moving abroad from India is not a new phenomenon anymore. With the advent of social media and more disposable income, more and more Indians have started moving to other countries in search of better opportunities, a better lifestyle, or just for the experience.
Considering moving abroad from India? Well, there are various options available for you to consider, but here are a few of the most common:
Student Visa: Most individuals choose this option because it is the simplest means to go overseas, especially if you are still pursuing education and have good financial backing. It gets a little difficult after graduation because there are some limits on employment visas after studying but adjustments are being made to permit students stay abroad and search for jobs after graduation. Such adjustments have already been made in countries like the United Kingdom where International students can stay in the UK for up to 2 years after graduation on a new visa route to look for a desirable job. . So if you fall in the student group and plan on studying abroad, the United Kingdom is a top choice. Contact the best study abroad specialists we know, My Foreign Education today.
2. Work Visa: Another viable and less costly option is to find a job abroad and relocate on a work visa. This is viable and less costly because usually the company provides you with all required assistance and relocation funding except in few cases making it one of the most convenient ways to move abroad. This option is however highly competitive as you will be applying for these jobs along with other top international talents. We wish you luck in your abroad job search.
3. Refugee or Asylum Visa: These visas are granted under very special humanitarian circumstances. If you are in an abusive situation, have threats to your life for religious or political reasons you can apply for these visa types in agreed countries and relocate if granted. You however will have to provide very sufficient proofs of the threats and dangers to your life in your home country. These visa types are most times not available at embassies and you have to already be in your desired country on another visa type or at the country’s border before you can apply in person at the designated centers.
4. Family Visa: If you have an immediate family member who is already living abroad, then this is another means to relocate abroad through their sponsorship. It is however the most tedious and bureaucratic visa type.
5. Spouse Visa: This is similar to a family visa except that you need to be married to someone who lives in the country you are hoping to relocate to.
6. Residency by Investment: A route for high-net-worth individuals to seek residency in a country of their choice by making financial investments in that country. This is one of the most straight forward means of relocating abroad. You can also contact My Global Citizenship for your Residency by Investment Guidance and application help.
7. Second Citizenship: Just like Residency by Investment, this is a means for high-net-worth individuals to acquire second citizenship in a country of their choice via immigration by investment programs and acquiring citizenship after a certain period of time. You can also contact My Global Citizenship for your Citizenship by Investment Guidance and application help.
Moving abroad from India can be difficult, but with proper planning and research, it can get less daunting which is why we recommend you get in touch with My Global Citizenship today for your tailor made immigration options that fit your needs and budget.
We hope this was helpful and good luck with whichever relocation type you decide to pursue!
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