In recent times affluent Indians have sought to diversify their investment portfolio beyond Indian shores by investing in International Real Estate (IRE). Allocating funds to international markets is seen as a strategic approach to effectively reduce risks and optimize profits. The presence of foreign investments (particularly in IRE) contributes to mitigating the adverse effects of domestic inflation and volatility in currency exchange rates,In while also serving as a means to hedge against currency risk.
Many countries have, inter alia, based their long-term visa, residency and work permit programs on receiving foreign investment, and one such example is the United Arab Emirates’ (UAE) Golden Visa Scheme thereby making it lucrative for individuals to make investments, especially, for those looking to diversify and explore employment and business opportunities abroad.
Please click here to read the full article by Vivek K Chandy and Kumarmanglam Vijay, published in The Financial Express.
Kumarmanglam is an equity partner of the firm and also heads the direct tax and regulatory practice at JSA. He has more than 25 years of experience in matters relating to direct taxation (including international taxation, transfer pricing, litigation, anti-avoidance laws, and M&A tax), accounting, and corporate laws including mergers and acquisition, joint ventures, foreign investments, market entry strategy, and corporate restructuring.