Outbound Investment & Citizenship
Rahman’s Chambers assist in the process of outbound investment, either by opening company/branch office of local business and related services e.g. permanent residency and citizen of investors in compliance with local laws. Our central bank regulations are becoming more or more liberal with regard to outbound investment. Several lawful options are now created for the genuine investors. Chambers and Partners 2023 Global Guide ranked us for our cross border works for consecutive 5 years. Chambers and Partners Asia Pacific 2022 added: “One source states: ‘Their solution-based and customer-oriented approach is enormously helpful in reaching the best solution.”
Rahman’s Chambers has been consecutively ranked for Corporate & Finance.
-Chambers & Partners, 2023 -2022
“…they are very quick to come back to us with solutions and have been very helpful in giving advice on… laws, regulations and requirements.”
– Chambers & Partners, 2021
“Another interviewee reports: “I have a high-level opinion of them, with one of their strengths being a commitment to delivering on time.”
– Chambers & Partners, 2020
“They always give us suggestions that help us make a good decision”
– Chambers & Partners, 2019
“Their response times are excellent and they make you feel generally very well informed.”
– Chambers & Partners, 2018
“The ‘very responsible, responsive and knowledgeable’ Mohammed Forrukh Rahman heads the firm..”
– Legal 500, 2018
Rahman’s Chambers recommended for Business law
-AsiaLaw 2021
Practice Area – Investiment
In an era of Globalization, visa-free travel and ease of mobility not only bridge the gap between nations and international businesses but also saves much needed time and money, which are an absolute essential for any business-related people. Citizenship and passport or even permanent residency in another country could usher in greater opportunity and advantage from a business perspective. On the other hand, buying shares of Facebook, Google, and tech giants and similar other multinationals remain only a dream for many citizens of third-world and developing countries as those shares are not listed in their stock market and their exchange control laws-imposed restriction on different transactions. Legal advice may be able to help in such situations. Subject to exchange control laws and other applicable laws, investing in the project allowing permanent resident ship/citizenship in return and also payment in cash to the relevant government authorities for permanent resident ship/citizenship in another country in limited circumstances may be legally possible from SAARC countries. Specific legal advice may be required. Legal due diligence may help not only citizens but also government authorities to gain access to international capital that fuels economic development initiatives.
Availing our Firm’s services hereunder this Practice Area entails (but not limited) to the following prerequisite understandings below:
- Source of investment must be legal and also remitted legally.
- We accept payment for our services locally only.
- Payment of fees to our foreign collaborators must be given to them directly through the legal banking channels.
Subject to FOREX regulations applicable the investment up to a certain amount is allowed. There may be presumption of tax residency of Bangladesh and company is required to file tax in Bangladesh subject to double taxation treaty.
Our FOREX regulations does not allow this generally. It may be possible with special permission.
Most SAARC countries’ exchange control regulation puts different barrier on freely purchase of foreign currency and investing abroad. However, subject to applicable laws as amended from time to time, it may be permissible for citizen’s of SAARC countries who has exchange control laws, to invest in foreign shares through specialized accounts. The legality and Due diligence is must for such transactions.
Subject to FOREX regulations applicable the following investment may be considered:
St. Lucia
Aside from the beauty, a given aspect for any Caribbean Islands, St. Lucia boasts a well balanced economy compromising of stable legal and commercial infrastructure. Trade in the Export/Import sector comprises 95 percent of St. Lucia’s GDP. Open market policies provide the gateway provide gateway to greater access to financing opportunities which remains integral for St. Lucia’s development sector.
- Passport provides visa free travel on 127 countries including the European Union (EU), Schengen areas, Hong Kong, Singapore etc.
- To obtain a passport; no physical residence is required.
- A range of investment options are available
- Recognizes Dual Citizenship
Requirements:
A non-refundable contribution to the National Economic Fund (NEF) of USD 100,000 (for a single applicant). An applicant may make the contribution under one of the four following categories:
• Main applicant USD 100,000
• Main applicant and spouse USD 165,000
• Main applicant, spouse and up to two other qualifying dependents USD 190,000
• Each additional qualifying dependent of any age USD 25,000
Subject to FOREX regulations applicable the following investment may be considered:
St. Lucia
Aside from the beauty, a given aspect for any Caribbean Islands, St. Lucia boasts a well balanced economy compromising of stable legal and commercial infrastructure. Trade in the Export/Import sector comprises 95 percent of St. Lucia’s GDP. Open market policies provide the gateway provide gateway to greater access to financing opportunities which remains integral for St. Lucia’s development sector.
- Passport provides visa free travel on 127 countries including the European Union (EU), Schengen areas, Hong Kong, Singapore etc.
- To obtain a passport; no physical residence is required.
- A range of investment options are available
- Recognizes Dual Citizenship
Requirements:
- An initial investment is required, starting from $300,000 to $3.5 million.
Portugal
A country of fine architecture and view of the Atlantic, Portugal is home to a number of leading, globally reputed companies such as Cimpor (10th largest cement producer), Sonae Industria (largest producers of wood panel) etc. In the aftermath of the Economic Recession, 2017, is shaping up to be the Country’s strongest in terms of growth, with the IMF (International Monetary Fund) highlighting the significant increase in foreign investments and exports.
Global Residence Permit Program
- The program requires only a total of 35 days stay during the 5 year period. The residency permit allows access to the Schengen areas.
- After 6 year residency, naturalization as a Portugese citizen is possible
- Portugal allows dual citizenship.
Requirements
- Different kinds of approved Investment options are available
- Starting from 500, 000 Euros on average.
Related Resources - Library
We have a rich library with a mixture of printed and online legal databases. We have printed version of All England Commercial Cases, Indian Digest of Supreme Court cases, Yearbook Commercial Arbitration of Wolter Kluwer and most law reports of Bangladesh. We subscribe to the online legal database Manuputra providing access to most reputed law reports. Read more