The new fund offers a chance to become a permanent resident in Europe for Rs 3.09 crore!

0
Portugal’s Golden Visa program is one of the most popular Golden Visa programs in Europe. It offers a hassle-free way to become a permanent resident in Portugal and paves the way for citizenship. Representative image / Pixabay

Aretha Portugal Vision Fund: UK-based real estate investment company Aretha Capital Partners has launched its second European fund – Aretha Portugal Vision Fund FCR. Regulated by CMVM (the Portuguese Securities Market Commission), the fund will start accepting subscriptions from July 1, 2021. The company said today that investment in this fund will also be eligible for Portugal Golden Visa ,

The new Portugal Venture Capital Fund welcomes global investors to invest exclusively in the acquisition of interests in this Portuguese fund, allowing investors to benefit from the benefits of returns and capital appreciation of investments and the Golden Visa program established in Portugal.

What is the Golden Visa program?

Launched in 2012, the Portugal Golden Visa program is one of the most popular Golden Visa programs in Europe. It offers a hassle-free way to become a permanent resident in Portugal and paves the way for citizenship, with a one-time investment of 350,000 euros (approx Rs 3.09 crore) in a VCF regulated under local AIF laws established by CMVM.

With a minimum annual stay of seven days, the program extends the residence rights to the investor’s spouse, minor children, unmarried adult children up to 25 years old (if in full-time studies), parents of the applicant and to the spouse within the framework of the right family reunification. Since the launch of the program, more than 5.8 billion euros have been invested in Portugal by more than 9,700 investors. However, the program will expire on December 31, 2021 in its current format.

The new laws which will come into force on January 1, 2022 will increase the subscription threshold for investors from 350,000 euros currently to 500,000 euros.

Aretha’s Portugal Vision Fund is one of the first institutional quality investment vehicles that is not affiliated with any local developer.

Commenting on the launch of the new fund, Ashish Saraff, Founder and CEO of Aretha Capital Partners said: “Portugal offers financially viable real estate and other investment opportunities, good connections with European countries, tax incentives and even more. Thus, with the launch of this fund, we intend to provide a unique investment proposition to investors who wish to invest in high quality assets in Portugal and gain access to permanent residence in Europe. We already have several online transactions which are particularly well placed to favor investors with a good IRR. “

He added: “Considering the fact that the investment threshold changes on January 1, 2022 by law, this fund will help investors speed up the process of obtaining a European residency.”

Being a citizen of the European Union offers advantages such as mobility and access to studies, work and settlement anywhere in the EU, citizenship status, the right to vote and even to be a candidate for elections. local elections. In addition to this, when traveling outside the EU, you can seek help from an embassy or consulate of any EU country, not just Portugal.

Get live stock quotes for BSE, NSE, US market and latest net asset value, mutual fund portfolio, see the latest IPO news, top IPOs, calculate your tax Using the income tax calculator, know the best winners, the best losers and the best equity funds in the market. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay up to date with the latest news and updates from Biz.

Share.

About Author

Leave A Reply