Fintech PR
Portugal Hits Record High of Over 1 Million Foreign Residents in 2023, Reports Get Golden Visa
LISBON, Portugal, Oct. 14, 2024 /PRNewswire/ — Portugal has reached a new milestone in 2023, with the number of foreign residents surpassing the 1 million mark for the first time in their history. According to a recent report published by AIMA (Agency for Integration, Migration, and Asylum), the new record represents an impressive increase of 33.6% compared to 2022. The increase in demand is supported by Portugal’s streamlined immigration policies and a proactive approach to citizenship and residency regulations. Government is taking actions by accelerating their efforts to meet the growing demand. Recently, they introduced an online citizenship application system by aiming to increase the citizenship processing capacity by 50%.
Portugal Golden Visa Family Applications Increased by 83%
The number of families applying for Portugal Golden Visa increased from 1,588 to 2901 in 2022. Additionally, individual Golden Visa applications rose from 1,281 to 1,554 in 2023.
In recent years, interest in the Portugal Golden Visa has been gaining momentum, particularly among investors from the US and the UK. In just one year, the number of American investors in the Golden Visa Portugal program increased from 216 in 2022 to 567 in 2023, with a rise of 162.5%. The UK, which wasn’t even among the top countries in 2022, has shown an uptick in demand for the Portugal Golden Visa in recent years. With 234 investors, the UK has now become the third-largest nationality in the program.
Portugal Sees a 33.6% Rise in Foreign Residents
Portugal experienced a rise in the number of foreign residents in 2023—a 33.6% increase over the previous year. The overall number of foreign residents at the end of 2023 was 1,044,606, which was the most significant rise in the country’s recent history.
The growing interest in Portugal is no coincidence. In June 2024, the Portuguese Prime Minister announced Portugal’s Action Plan, which included significant changes to immigration policy. This plan addressed four critical areas: immigration regulation, attracting foreign talent, immigrant integration, and institutional reorganization. In addition to these changes, several updates were also made to residency and citizenship procedures.
Updates on Portugal Citizenship Process: Online Applications & Shorter Waiting Period
Portuguese authorities have launched a new online system for citizenship applications, which was introduced by the Institute of Registries and Notaries (IRN). This platform benefits from AI and aims to automate the application process, significantly shortening the long bureaucratic procedures and waiting periods. The initiative is expected to improve the immigration services’ processing capacity by 50% and to offer a more convenient process for applicants.
Portugal has updated its Golden Visa program, shortening the path to citizenship. The waiting time to apply for Portuguese citizenship through the Golden Visa program is five years. Previously, the five-year waiting period began from the date the first residency permit was issued. With the update, the five-year period will start from the date of the initial residency application, regardless of when the application is approved. This change is expected to expedite the process for Golden Visa holders.
Source: https://getgoldenvisa.com/industry-insights/portugal-breaks-recods-with-one-million-residents
About Get Golden Visa
Get Golden Visa is a bespoke investment advisory firm founded in 2014. We help people get additional residency and citizenship by making a qualifying investment in Europe, the Americas, the Caribbean, and the rest of the world. Depending on the program of choice, we offer professional advisory services for property acquisition, fund subscription, or other investment vehicles. Our teams of local experts mark Get Golden Visa apart from its competitors because it offers independent advisory services and accompanies investors throughout the whole journey. With local offices in Lisbon, Athens, Istanbul, and London and various international associations, Get Golden Visa offers transparent guidance with a tailor-made and flexible approach. For more information about Get Golden Visa, please visit https://getgoldenvisa.com/
Get Golden Visa
Website: getgoldenvisa.com
Media Contact: Get Golden Visa, +44 20 8133 0324, [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/portugal-hits-record-high-of-over-1-million-foreign-residents-in-2023-reports-get-golden-visa-302275146.html
Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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